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The
global plain packaging market size
was valued at USD 4.52 billion in 2023. The market is projected to expand from
USD 4.64 billion in 2024 to USD 6.02 billion by 2032, exhibiting a CAGR of
3.30% during the forecast period.
Plain packaging standardizes
tobacco packaging, removing branding to reduce appeal and curb
consumption. The global trend of extending plain packaging regulations
beyond tobacco products to include items such as alcohol, sugary beverages, and
high-calorie snacks signifies a broadening regulatory landscape. This expansion
underscores the recognized effectiveness of product in mitigating consumption
and advancing public health agendas, thereby fostering heightened demand for
these solutions on a global scale.
The global supply chain
disruptions from the COVID-19 pandemic affected the market, leading to
production and distribution challenges. Manufacturing plant closures and
reduced capacities constrained the availability of plain packaging materials,
impacting industry operations.
Fortune Business Insights™
provides this information in its research report, titled “Plain Packaging Market, 2024-2032”.
Source:
https://www.fortunebusinessinsights.com/plain-packaging-market-109480
Segmentation:
Paper & Paperboard
Segment Dominates Owing to Printing Capabilities
By material, the market is
segmented into plastic, paper & paperboard, and others. The paper &
paperboard segment leads the market. High-quality printing capabilities enable
detailed incorporation of health warnings and graphics, crucial for compliance
with plain packaging regulations, boosting the segment's expansion.
Report
Coverage:
The market research report
provides an in-depth analysis encompassing leading companies, competitive landscape,
offering insights into market trends and significant industry developments.
Drivers and Restraints:
Reducing Brand Influence and
Consumer Awareness to Fuel Market Growth
Plain packaging initiatives
seek to diminish the impact of branding and marketing strategies utilized by
tobacco companies through the removal of distinctive logos and colors. This
strategic endeavour is essential for mitigating the perceived allure of tobacco
products, especially among younger demographics, thereby playing a pivotal role
in fostering the widespread adoption of product regulations globally. Moreover,
rising awareness of tobacco's health risks drives demand for smoking
deterrents. These products, with clear health warnings, meets this demand,
aligning with health-conscious consumer preferences, thus fuelling market
growth.
Regional Insights:
Europe
Leads the Market Owing to Diverse Regulatory Landscape
Europe emerges as the leading
region in the market and is projected to achieve substantial growth in the
upcoming years. The variation in product adoption within the European Union
creates opportunities for market expansion as nations navigate and implement
different regulatory approaches.
The
global plain packaging market size
was valued at USD 4.52 billion in 2023. The market is projected to expand from
USD 4.64 billion in 2024 to USD 6.02 billion by 2032, exhibiting a CAGR of
3.30% during the forecast period.
Plain packaging standardizes
tobacco packaging, removing branding to reduce appeal and curb
consumption. The global trend of extending plain packaging regulations
beyond tobacco products to include items such as alcohol, sugary beverages, and
high-calorie snacks signifies a broadening regulatory landscape. This expansion
underscores the recognized effectiveness of product in mitigating consumption
and advancing public health agendas, thereby fostering heightened demand for
these solutions on a global scale.
The global supply chain
disruptions from the COVID-19 pandemic affected the market, leading to
production and distribution challenges. Manufacturing plant closures and
reduced capacities constrained the availability of plain packaging materials,
impacting industry operations.
Fortune Business Insights™
provides this information in its research report, titled “Plain Packaging Market, 2024-2032”.
Source:
https://www.fortunebusinessinsights.com/plain-packaging-market-109480
Segmentation:
Paper & Paperboard
Segment Dominates Owing to Printing Capabilities
By material, the market is
segmented into plastic, paper & paperboard, and others. The paper &
paperboard segment leads the market. High-quality printing capabilities enable
detailed incorporation of health warnings and graphics, crucial for compliance
with plain packaging regulations, boosting the segment's expansion.
Report
Coverage:
The market research report
provides an in-depth analysis encompassing leading companies, competitive landscape,
offering insights into market trends and significant industry developments.
Drivers and Restraints:
Reducing Brand Influence and
Consumer Awareness to Fuel Market Growth
Plain packaging initiatives
seek to diminish the impact of branding and marketing strategies utilized by
tobacco companies through the removal of distinctive logos and colors. This
strategic endeavour is essential for mitigating the perceived allure of tobacco
products, especially among younger demographics, thereby playing a pivotal role
in fostering the widespread adoption of product regulations globally. Moreover,
rising awareness of tobacco's health risks drives demand for smoking
deterrents. These products, with clear health warnings, meets this demand,
aligning with health-conscious consumer preferences, thus fuelling market
growth.
Regional Insights:
Europe
Leads the Market Owing to Diverse Regulatory Landscape
Europe emerges as the leading
region in the market and is projected to achieve substantial growth in the
upcoming years. The variation in product adoption within the European Union
creates opportunities for market expansion as nations navigate and implement
different regulatory approaches.
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