Tobacco Packaging Market Insights, Key Players, Growth and Future Analysis
Asia-Pacific consumed the highest quantity of tobacco packaging materials in the past, and it will continue to do so in the foreseeable future.
By: P&S Intelligence
Thus, the key reason behind the growth of the tobacco packaging market is the rising usage of tobacco products. Nicotine, the key chemical in tobacco leaves, is a mood-altering and psychoactive compound, which fires up the dopamine receptors in the brain. The release of dopamine causes happiness, a feeling the body and the mind can never get enough of. Thus, with the increasing stress level across the globe due to work pressure, family pressure, peer pressure, money issues, and general depression, more and more people are turning to tobacco and other happiness-causing substances.
Currently, the highest demand for tobacco packaging materials is witnessed in Asia-Pacific (APAC), simply because it is the largest tobacco consumer in the world. As per the WHO, China was home to 300 million, or one-third of the world's tobacco smokers in 2019. Additionally, China National Tobacco Corporation is responsible for almost one-third of the global cigarette manufacturing, which creates a high demand for materials for packaging the leaves. To fulfil the increasing demand for such products, advancements are being brought about in the packaging materials and the packaging technology.
In 2019, the tobacco packaging market (https://www.psmarketresearch.com/
Thus, the rising demand for tobacco products is leading to a high-volume requirement for the associated packaging materials.