The global cigarette paper market is poised to expand at a CAGR of a little over 2% during the forecast period of 2021-2031. Historically, the market has witnessed a growth rate of 1.4% over the past 5 years, owing to decreasing demand for cigarettes on the back of surging prices and taxes. However, demand for cigarette paper is still steady to trillions of units of cigarettes being manufactured across the globe.
Nearly 6.5 trillion cigarettes were sold in 2019, which translates to more than 80% of global cigarette paper demand. Even though the increasing popularity of e-cigarettes has created a critical situation for factory-made cigarettes, it is still not in a position to overtake actually cigarettes anytime soon.
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Key Takeaways from Market Study
- The global cigarette paper market is anticipated to add 1.5X value by 2031.
- Unbleached cigarette paper is expected to expand at a substantial CAGR of 3.4% over the forecast period.
- East Asia is the supreme market with a value of more than US$ 500 Mn in 2020, and is projected to expand at a substantial CAGR of approx. 2% over the next ten years.
- The roll your own cigarette paper segment is projected to exhibit a higher growth rate of close to 4% CAGR, while cigarette manufacturing under application is projected to add 1.2X value by 2031.
- The market in South Asia is set to expand at a 2.6% CAGR, and is set to be valued at over US$ 370 Mn in 2031, owing to higher presence of manufacturers in the region, huge consumer base, and substantial consumption with streamlined supply chains.
- By refining segment, unbleached cigarette paper is poised to provide higher opportunity for cigarette paper manufacturers by virtue of increasing consumer inclination towards unbleached rolling paper due to its chemical-free and organic attributes. The segment is poised to progress at a CAGR of more than 3% over the forecast period
“The cigarette paper market flourishes on cigarette smoking patterns – higher the consumption, higher the growth,” says a Fact.MR analyst.
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Key Companies Profiled :
- Schweitzer-Mauduit International, Inc.,
- Delfort Group AG
- Republic Technologies International
- Richer Paper Co., Ltd.,
- Glatz Group
- Pura Group
- Hangzhou Huafeng Paper Co., Ltd.
- Miquel Y Costas
- NIPPON PAPER PAPYLIA CO., LTD.
- Mudanjiang Hengfeng Paper Co., Ltd.
- PT BUKIT Muria Jaya (BMJ)
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Key Market Segments Covered
Type
- Cigarette Tissue
- 1 ¼
- 1 ½
- Single Wide
- Double Wide
- King Size
- Plug Wrap Paper
- Tipping Paper
- Rolling Papers
Pulp Material
- Flax
- Wood Pulp
- Hemp
- Rice Straw
- Esparto
- Mixed
Basis Weight Range
- 23 – 40 gsm
- 17 – 28 gsm
- 28 – 40 gsm
- 12 -27 gsm
Questionnaire answered in the Cigarette Paper Market report include:
- How the market for Cigarette Paper has grown?
- What is the present and future outlook of the global Cigarette Paper on the basis of region?
- What are the challenges and opportunities for the Cigarette Paper?
- Why the consumption of Cigarette Paper highest in region?
- In which year segment is expected to overtake segment?
What makes Fact.MR report stand out from others?
- MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Cigarette Paper market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
- Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Cigarette Paper market, thus, making it different and special from other reports.
- Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
- Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Cigarette Paper market and assists to create strategies to overcome the obstacles that may hinder the growth of the Cigarette Paper market.
- Leverage: The Cigarette Paper market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
- Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
- Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Cigarette Paper market.
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