Unit Sales of Tobacco Films Market to Soar During the Forecast Period 2018 - 2028 Owing to Increased End-use Adoption
Tobacco Films Market: An Overview
Tobacco films are produced from the highest quality raw material such as polypropylene (PP), polyethylene, and others which is widely used in the tobacco packaging industry to obtain tight wrapped pack on the shelf. Tobacco films have both controlled and balance shrinkage as well as good low-temperature shrinkage. Also, they have high rigidity, high gloss, and transparent nature. Such inherent characteristics of tobacco films make them ideal for various packaging applications such as carton overwrap, hard and soft cigarette boxes, bundle and clear wrap packaging. The use of tobacco films for packaging is also proven to extend the shelf life of the tobacco products and their 100% airtight packaging solution makes them ideal during handling and transportation. Also, the eco-friendly nature of tobacco films is expected to create positive outlook for the growth of global tobacco films market during the forecast period.
Tobacco Films Market: Dynamics
Tobacco packaging is one of the most technically and logistically demanding in the packaging industry. The increasing consumption of tobacco products such as cigarette across the globe is likely to create a significant demand for tobacco films for packaging applications. Hence this factor is likely to escalate the growth of global tobacco films market during the forecast period. Tobacco films can be printed and laminated to optimize graphics, build superior barrier properties and exceptional sealing characteristics. Tobacco films also guarantee the strength of the packaging, excellent product visibility and adequate barrier properties, which provide security and durability. Such outstanding characteristics of tobacco films are foreseen to gain momentum in the packaging of tobacco products during the forecast period. The availability of tailor-made, intelligent solutions which are globally applicable, easy to handle, economical and at the same time market differentiator. Such factors together are expected to fulfil the need of packaging and drive the growth of the global tobacco films market during the forecast period. Rising consumer awareness, increasing stringent norms and ban against the use of tobacco in various countries are likely to hamper the growth of the global tobacco films market during the forecast period. Overall, the global tobacco films market is expected to grow moderately during the forecast period.
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Tobacco Films Market: Segmentation
On the basis of material type, the tobacco films market is segmented into:
Biaxially-Oriented Polypropylene (BOPP),Oriented Polypropylene (OPP),Polyethylene (PE) & Others
On the basis of product type, the tobacco films market is segmented into:
Heat-sealable films,Non-shrinkable Films,Heat shrinkable Films,Low-sealing temperature films & Clear Wrap
On the basis of thickness type, the tobacco films market is segmented into:
Less than 16 µm,16 µm - 20 µm,20 µm – 25 µm & More than 25 µm
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On the basis of application, the tobacco films market is segmented into:
Soft Pack,Carton Overwrap,Hard Box & Bundle Wrap
Tobacco Films Market: Regional Outlook
Countries in the Asia Pacific excluding Japan (APEJ) region such as India, China, ASEAN, and others are anticipated to witness the fastest growth of tobacco films market during the forecast period. Increasing the consumption of tobacco products such as cigarette among the young adults, and rising disposable income appear are a significant factor for the growth of tobacco films market in the APEJ region. The Western European countries such as Luxemburg, Belgium, and the Czech Republic are rank among the highest cigarette consumption per person every year. Also, other countries in this region are also the prominent consumer of tobacco products. Hence, the Western Europe region is likely to create a significant demand for the tobacco films market during the forecast period. The Latin America region is expected to witness the notable growth rate of tobacco films market during the forecast period.
Tobacco Films Market: Key Players
Examples of some of the key players operating in the global tobacco films market are:
Treofan Group,Irplast S.p.A.,Innovia Films,SIBUR International GmbH,Taghleef Industries Group,WATERFALL,Stenta Films (M) Sdn Bhd.,Tatrafan & s.r.o.
Tobacco Films Market: Key Trends
Some of the key trends are observed among the tobacco films manufacturers are listed below:
To overcome the challenges in the tobacco industry manufacturers such as Innovia Films is focusing on development in areas such as cost reduction, products assurance, renewability, and product assurance.
Numerous tobacco films manufacturers are aiming to provide the highest levels of quality, products, and services to retain their key customers.
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