The global rolling papers market, known as the cigarette paper market, is poised for substantial growth, with an estimated valuation of US$714.1 million in 2023. This growth is primarily attributed to the surging demand for hemp-based rolling papers, projected to drive a remarkable 5.2% compound annual growth rate (CAGR) from 2023 to 2033, ultimately expanding the market to a size of US$1,185.5 million by 2033.
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Historically, rolling papers were less commonly used, as consumers favored pre-rolled cigarettes, pipes, and water pipes. However, recent years have witnessed a significant shift in consumer preferences towards rolling their tobacco, allowing for greater customization in terms of the type and quantity of tobacco used.
The rising popularity of the roll-your-own smoking format is expected to propel market sales, boosted by the increasing acceptance of rolled cigarettes and the legalization of recreational cannabis in many states. Furthermore, the establishment of commercial venues, such as pubs and restaurants, where smoking is permitted, is contributing to heightened demand for rolling papers. The creation of dedicated smoking zones in public spaces and commercial buildings is also anticipated to further bolster market growth.
The proliferation of e-commerce or online retail websites listing tobacco and associated products has contributed to the expansion of the cigarette paper market. Likewise, the influence of social media and the propagation of cross-cultural trends therein have augmented the popularity and consumer base for cigarette rolling papers.
Key Takeaways from the Rolling Papers Market Study Report
- The total consumption of rolling papers in North America generated 18.6% global revenue share back in the year 2022. On the other hand, the revenue share of Europe was figured out to be around 23% that year.
- In comparison to different countries, the United States leads the global market and held a market share of 16.9% in 2022.
- Japan follows the United States in production and supply of rolling papers and it generated a global revenue share of 10.9% in 2022.
- The demand for rolling papers in China and India is anticipated to grow at the high rates of 5.8% and 6.6% respectively through 2033.
- As per FMI, the hemp material type segment accounted for almost 59.9% of the total market share in 2022. This segment is projected to retain its dominance through the forecast years with sales expanding at a CAGR of 4.0% through 2033.
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Key Takeaways:
- By material type, hemp segment is estimated to account for around 60% of the total market share in 2022.
- In terms of basis weight, demand in the 10 gsm to 25 gsm segment will increase at a 4.6% CAGR through 2032.
- Sales in the U.S. rolling papers market will grow at a 3.7% CAGR, reaching a valuation of US$ 164.8 Mn by 2032.
- China will account for a dominant share in the East Asia rolling papers market, with total sales reaching US$ 136 Mn by 2032.