What is Tobacco Films?
Tobacco films are used for packaging of tobacco products. These are mainly made of BOPP i.e, Biaxially Oriented PolyPropylene. The features like biodegradability and non-toxic nature of this film actually make it one among the best Eco-friendly films used in the markets. With the increase in the demand of all tobacco products the Tobacco Film industry is growing and generating a good amount of sales.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Innovia Films (United Kingdom), FSPG HI-TECH CO Ltd (China), Treofan Group(Germany), SIBUR (Russia), Anhui Eastern Communication Group (China), Taghleef Industries Group (United Arab Emirates), Shiner International Inc. (China), Irplast S.p.A. (Italy), Waterfall LLC (Russia) and Zhanjiang Packaging (China) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Non-Shrink, Medium-Shrink, High-Shrink and Others) , by application (Soft Pack, Hard Pack, Bundle Wrap, Clear Wrap and Printable Films) and major geographies. Research Analyst at AMA predicts that Chinese Vendors will contribute to the maximum growth of Global Tobacco Films market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Tobacco Films market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Innovia Films (United Kingdom), FSPG HI-TECH CO Ltd (China), Treofan Group(Germany), SIBUR (Russia), Anhui Eastern Communication Group (China), Taghleef Industries Group (United Arab Emirates), Shiner International Inc. (China), Irplast S.p.A. (Italy), Waterfall LLC (Russia) and Zhanjiang Packaging (China).
Market Overview:
On, 27 September 2019 - SOCAR Polymer became a new perspective partner of Waterfall Company. Waterfall plant was visited by the experts of SOCAR Polymer, which is the first public-private partnership project in the oil and gas sector of Azerbaijan. SOCAR Polymer is a new player in the market of polypropylene producers using the most modern production technologies. The company delivered the first batch of polypropylene for high-speed BOPP film production lines to the Russian Waterfall company. In September the first tests were carried out at the factory, the results of which confirmed the high level of production. This project became the first step towards the long-term international cooperation between SOCAR and Waterfall.
The Guidelines for Implementation of packaging features relevant for tobacco materials for production of BOPP films: PP homopolymer (types mostly used: Moplen HP 525J; Moplen HP 526J; Ecolen HF 14K;Repol H 034SG; Tatren HF 3 22; APC PP 1104K; Sabic PP521 P) PP terpolymer (types mostly used: Adsyl 5C37F; Adsyl 5C37F ST; Eltex P KS 350; Eltex P KS 357) Additives for regulation of Coefficient of Friction, electrostatic characteristics, optical properties etc. (types mostly used: : Constab SAT 04509; Schulman FASPS 2950 W; Schulman PF 97 NTS; Ampacet COEXAS 33; White CC 18160 PP; Ampacet White 96) and All used materials are suitable for consumption purposes and there is no presence of functional barrier.
Influencing Trend:
Increase in Demand of Tobacco Products and Demand for Sustainable Packaging and Technological innovations
Market Growth Drivers:
New Innovative Ways of Packaging and Increase in the Consumption of Cigarettes and Tobacco Products
Challenges:
Intensive Competition with International Dealers and Manufacturers
Restraints:
Government Safety Regulations Regarding Tobacco and Tobacco films
Opportunities:
Increase in the Demand of Flexible Packaging
Key highlights of the Global Tobacco Films market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Tobacco Films market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Tobacco Films market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Tobacco Films Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Tobacco Films market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Tobacco Films market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of Tobacco Films, Distributors of Tobacco Films, Tobacco Industry, Packaging Industry, Governmental Bodies and Regulatory Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.