Tobacco Packaging Market Size, Share, Growth Analysis, By Material(Paper, Boxes, Plastic, Other), By Packaging(Primary, Secondary), By Region - Industry Forecast 2024-2031

The top 15 companies account for the majority of the market share at the moment, with the competitive landscape of the market showing a semi-fragmented structure. Important players have made significant investments in the development of various tobacco packing products and manufacturing methods. The market leaders' main advantages include a broad range of products, innovative and safe technological development, outstanding operational effectiveness, and a robust end-user distribution network. In addition, players have used tactics including territorial expansion, the creation of new products, mergers and acquisitions, and others to broaden their regional reach and product offering.

Tobacco Packaging Market Top Player's Company Profiles

• Amcor Plc
• Innovia Films Ltd.
• WestRock Co.
• International Paper Co.
• Mondi Group
• Smurfit Kappa Group Plc
• DS Smith Plc
• Reynolds American Inc.
• Sonoco Products Co.
• Altria Group Inc.
• Ardagh Group S.A.
• Berry Global Group Inc.
• Huhtamaki Oyj
• Ball Corporation
• Graphic Packaging International LLC
• Glatfelter Corporation
• Mayr-Melnhof Karton AG
• Stora Enso Oyj
• Essentra plc
• Svenska Cellulosa Aktiebolaget SCA

Tobacco Packaging Market Recent Development

• In June 2021, Mondi, had a semi-chemical fluting plant in Kuopio, Finland, where it intended to invest roughly US$ 148 million. This will modernise the company's wood yard, evaporation plant, fibre line, and paper machine and enhance mill capacity by about 55 KT annually. This growth will aid the corporation in improving product quality, bolstering the mill's environmental performance, providing cost-competitiveness, and meeting the expanding client needs.
• In June 2021, Smurfit Kappa Group acquired Cartoons del Pacifico, a Peruvian paper-based packaging business, that is expanding its influence throughout Latin America. Through improved operational procedures, design and innovation capabilities, and procurement strategies, this acquisition will present chances for the group to grow its business and satisfy the demands of customers in the agricultural and industrial sectors.