Lewes, DE -- (SBWIRE) -- 03/29/2016 -- Report forecast the global tobacco packaging market to grow at a CAGR of 2.47% during the period 2016-2020.

The materials used for primary tobacco packaging include films, boards, cartons, foils, paper, laminates, and membranes. Commercial tobacco packaging employs the use of hinge-lid cartons, bundle wraps, shells, and slides. The cigarette segment accounts for the largest share of the tobacco packaging market. The packaging of tobacco differs based on the type of products.

The report covers the present scenario and the growth prospects of the global tobacco packaging market for 2016-2020. To calculate the market size, the report takes into account the total revenue generated from different geographical regions.

The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe
- MEA

According to the report, one of the main factors that is positively impacting the market is the innovations in product development and packaging. The global tobacco packaging market is witnessing the introduction of many innovative solutions such as new flavors, reduced tar levels, and 64 mm cigarettes.

Further, the report states that the major challenge faced by tobacco packaging vendors is to comply with the laws made for the quality and safety of tobacco products.

Global Tobacco Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Tobacco Packaging Market: Amcor, Innovia Films, ITC, International Paper, and Philips Morris International.

Other Prominent Vendors in the market are: Ball, Bemis, British American Tobacco, Leucadia National, Novelis, Packaging Corporation of America, Reynolds Group, Siegwerk, and Sonoco Products.

Market driver
- Innovations in tobacco products and packaging
- For a full, detailed list, view our report

Market challenge
- Introduction of plain packaging
- For a full, detailed list, view our report

Market trend
- Technological innovations
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 65 pages and 32 Exhibit "Global Tobacco Packaging Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market opportunity assessment for different types of tobacco packaging, Market segmentation by material, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-tobacco-packaging-market-2016-2020

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