The global rolling papers market, also known as the cigarette paper market, is expected to witness significant growth over the next decade, with market size estimated to reach USD 714.1 million in 2023. According to a recent report by Future Market Insights (FMI), the market is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2033, pushing the market valuation to USD 1,185.5 million by 2033.
Key Growth Drivers:
- Surging Demand for Hemp-Based Rolling Papers: Hemp-based rolling papers are gaining popularity due to their natural composition and perceived health benefits. This trend is expected to steer the market’s growth, providing significant opportunities for manufacturers to innovate and capture market share.
- Shift in Consumer Preferences: Traditionally, pre-rolled cigarettes, pipes, and water pipes were the dominant methods for smoking tobacco. However, there has been a notable shift towards the roll-your-own (RYO) format, as consumers increasingly prefer to customize their smoking experience by choosing the type and amount of tobacco they use. This shift is anticipated to bolster sales of rolling papers during the assessment period.
- Legalization of Recreational Cannabis: The growing number of states and countries legalizing recreational cannabis is another key factor driving demand for rolling papers. As more consumers roll their cannabis, the market for rolling papers is expected to expand.
- Increasing Establishment of Smoking Zones: The rise in the number of pubs, restaurants, and commercial points that permit smoking is expected to boost sales. Additionally, the establishment of dedicated smoking zones in public places and commercial buildings is likely to further strengthen demand for rolling papers.
Expansion into Emerging Markets
Emerging economies present significant growth opportunities for the rolling papers market. With over 80% of the world’s 1.3 billion tobacco users residing in low and middle-income countries, manufacturers are keen to expand their footprint in these regions. Companies like Schweitzer-Mauduit International, Inc. are actively investing in partnerships with regional players in Latin America and Asia Pacific to capitalize on the growing trend of rolled tobacco consumption.
Access Full Report: https://www.futuremarketinsights.com/reports/rolling-papers-market
Market Segments Covered in Rolling Papers Industry Survey Report
By Material Type:
- Flax
- Sisal
- Hemp
- Rice Straw
- Other Material Types (Esparto, etc.)
By Basis Weight:
- Up to 10 gsm
- 10 gsm to 25 gsm
- 25 gsm & Above
By Region:
- North America Market
- Latin America Market
- Europe Market
- East Asia Market
- South Asia Market
- Oceania Market
- The Middle East and Africa (MEA) Market