Cigarette Paper Marker is Set to Reach a Market Value of US$ 1.67 Billion by 2033

The global cigarette paper market is forecasted to rise from a valuation of US$ 1.36 billion in 2023 to US$ 1.67 billion by 2033. Fact.MR predicts worldwide cigarette paper consumption to rise at a CAGR of 2.1% from 2023 to 2033.

Since the early 19th century, smoking cigarettes has become widely accepted as a habit. Since that time, cigarette paper producers have been successful in creating long-term supply partnerships with cigarette producers to assure sustainability. The need for cigarette paper is being driven by the increase in cigarette smokers, particularly those who like to roll their own cigarettes. It is common knowledge that cigarettes are cylindrical items filled with psychotropic chemicals. The paper used to roll cigarettes has varying degrees of porosity and permeability. It is used to support the material that is burning inside of it and to enable ventilation, both of which help to control how quickly and consistently the cigarette burns.

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Key Takeaways from Market Study:

• The global cigarette paper market is anticipated to add 1.5X value by 2033.
• 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 2033.
• 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.

Competitive landscape:

Key market players rely on a blend of organic and inorganic strategies to increase penetration across lucrative markets. These strategies include new developments, quality control, product launches, collaborations and partnerships with prominent cigarette manufacturers, and supply chain management.

For instance :

• SWM recently patented its LIP cigarette paper manufacturing technology and has exchanged its expertise for royalty.
• Republic Technologies' star brand OCB was modified with enriched with higher quality material and enhanced aesthetics, driving higher sales of its products.
• In 2021, Zomo Paper added colored rolling paper to its classic range. These comprise papers that are pink, slim silver, and black.

Analysis on Market Size Evaluation:

The cigarette paper market has been analyzed for each market segment in terms of volume (Metric Ton) and value (US$ Mn).

Market estimates at global and regional are available in terms of “US$ Mn” for value and in “Metric Ton” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report.

Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global cigarette paper market.

Key Segments of Cigarette Paper Industry Research:

·         By Type :

• Cigarette Tissues

  • 1¼

  • 1½

  • Single Wide

  • Double Wide

  • King Size

• Plug Wrap Paper

• Tipping Paper

• Rolling Paper

·         By Pulp Material :

• Flax

• Wood Pulp

• Hemp

• Rice Straws

• Esparto

• Mixed

·         By Basis Weight Range :

• 23 to 40 gsm

• 17 to 28 gsm

• 28 to 40 gsm

• 12 to 27 gsm

·         By Refining :

• Bleached

• Unbleached

·         By Application :

• Cigarette Manufacturing

• Roll Your Own

·         By Region :

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa

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Questionnaire answered in the Market outlook Report of Cigarette Paper include:

• What is the key strategy deployed by large players to maximize Cigarette Paper Market growth?
• What are the main challenges faced by players in the Cigarette Paper market Demand?
• With the advent of technological advancement, how will the Cigarette Paper market landscape change over the forecast period?
• What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Cigarette Paper market size?