Cigarette Packaging Machine Market Outlook (2022-2032)
The cigarette packaging machine market is expected to grow at a CAGR of 3.2% during the period 2022-2032. By 2032, the market is expected to reach a valuation of US$ 22.60 bn. As of 2022, the cigarette packaging machine market holds a valuation of US$ 16.49 Bn.
Cigarette Packaging Machine Market Anticipated CAGR for 2022-2032
3.2%
Of late, there have been increasing activities from regulatory authorities to spread awareness regarding the serious side effects of consuming cigarettes. So, apart from media, the only immediate source to convey the effects of consuming cigarettes is the cigarette box, where manufacturers need to mandatorily mention the side effects of smoking. Owing to this, there has been a serious surge in sales of top-quality cigarette packaging machines.
The cigarette packaging machine manufacturers have been on task to innovate these packaging machines. This is done by employing state-of-the-art machinery, wherein the manufacturers ensure the fact that boxes of required dimensions are manufactured. Apart from that, even the print quality remains of the highest standard.
The market has been undergoing a massive transformation. This has been observed in the form of collaborations on the grounds of new materials, machinery compatibility, and the development of sustainable products. Moreover, there has been an increased focus on asset reliability and multifunctional equipment for balancing flexibility and establishing better RFPs.
The most important pillars for the key players are based on the principle of being steady, stable, sustainable, and innovative. This has been mainly observed in the case of paperboard packaging.
However, one of the key areas of focus has been the pursuit of manufacturers to provide packaging which stands in sync with the brand’s positioning. This has got a lot to do, especially with the shape of cigarette packages, as even the shape might be designed so that people of a particular age group are able to identify with the brand.
Apart from that, the packaging is one of the first points of contact. It becomes imperative for manufacturers to ensure that the logo, design, and tagline of the product are clearly described.
Furthermore, the key players are investing more in the development of modular machines. There has been an increase in the variety of packaging materials and packaging styles. There has been an increase in the development of Stock Keeping Units, which has increased the demand for modular machines.
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Cigarette Packaging Machine Market Overview
Cigarette packaging machine is defined as those cigarette manufactured for institutional sales product, excluding those machines which are intended for individual sales which are commonly known as roll your own (RYO) and packaging process of cigarette boxes.
One of the significant factors which help in the selling of tobacco and thereby increasing the demand for cigarette packaging machines is due to Tobacco vending machines (TVM) which have directly attracted consumers across the regions of Asia- Pacific, Western Europe, North America, etc.
Over the years with technological development and innovation in cigarette packaging machine the cost of annual maintenance has reduced. It has improved the overall production output and minimized the cost. Such factors have led manufacturers of cigarette packaging machine to tap the untapped market of the Middle-East.
Key leading manufacturers of the cigarette packaging machine are rendering customized tobacco stick packaging such as 70 mm, 84 mm, 100 mm, slim, super slim and Nano size cigarettes, thus ensuring flexibility of packing different sizes of cigarette in one machine. The demand for cigarette packaging machine is predominated across the regions of Asia- Pacific and Europe, these regions are further anticipated to dominate over the forecast period.
With cigarette manufacturers coming up with flavored variants the demand for cigarette has surged over the last half decade. Such factor has caused cigarette packaging machine manufacturer to evolve its designing process of the machine and make the cigarette stick look attractive as compared to its competitor’s product.
Moreover, cigarette packaging machine manufacturer are using laser technology which has fasten the production output of cigarette and detect and default cigarette.
On the flip side, cigarette packaging machine manufacturer are facing vigorous competition from the manufacturers of electronic cigarette, bidis manufacturer, kreteks manufacturer, chewing tobacco, pipe, cigars, and role your own machine (RYO) are substitute for cigarette .
The demand for RYO machine is increasing in the regions of Europe and North America where the demand for the cigarette and its packaging machine has reduced. Also, the cost of raw material for manufacturing cigarette packaging machines has drastically increased in the last few year which has impacted the profit margin of cigarette packaging manufacturers.
Manufacturers of cigarette packaging are investing in recycling technologies which aid in reducing wastage tobacco and paper waste, which ultimately benefits the tobacco manufacturer and cigarette packaging companies.
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Cigarette Packaging Machine Market - Regional Outlook
North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan
In term of production, the global cigarette packaging machine market is highly concentrated across the regions of Eastern Europe and China are among the leading producers of cigarette packaging machine which is followed by the regions of North America and the Middle East.
Manufacturers operating in the regions of Asia-Pacific have to continuously innovate and fasten the process of manufacturing cigarettes so as to meet the high demand. China alone accounts more than 40% of the global cigarette machine production in the globe.
Global Cigarette Packaging Machine Market – Key Players
Some of the key players operating in the global cigarette packaging machine market include Molins PLC, Marden Edward Ltd., MOI Engineering Ltd., Orchid Tobacco Machinery, Hauni Maschinenbau GmbH, Wenzhou T&D Packaging Machinery Factory, Makepak International, Monotrade S.p.A., ProCo STS Limited, Dynamic Tools Pvt. Ltd., Unitek Packaging Systems Pvt. Ltd., Zhejiang Zhuxin Machinery Co., Ltd, Sollas Packaging Machinery, Changde Tobacco Machinery Co., Ltd.
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