WORLD
A new report from Transparency Market Research says the shell and slide cigarette packers market will record an exponential CAGR by 2025.
According to the report, the cigar market tends to be more stable than the cigarette market. One of the major restraints regarding the cigarette market is due to the pack size. Most of the cigarette manufacturers use the same pack size, leading to a lack of differentiating strategies, unlike the cigar market.
Manufacturers in the shell and slide packers market are also increasingly focusing on replacement of mechanical components for electronics ones as the market starts preferring semi-automatic and automatic shell and slide packers with electronic parts. Another key area that the manufacturers of shell and slide packers focus on is maintenance – the objective is to reduce maintenance time while increasing production rates. The shell and slide packers market may fall victim to the declining growth rate of the cigar and cigarette market.
In Europe, there have been several changes in laws regarding tobacco, the recent one being that of the Tobacco Products Directive (TPD) of the European Commission, which has caused uncertainties and restrictions on the tobacco market, ultimately affecting the shell and slide packers market. However, ongoing efforts by manufacturers to optimize the shell and slide packers to ensure minimum human intervention, coupled with efforts to decrease maintenance needs, is expected to facilitate in reducing costs as well as saving time for the consumers. This may have a positive effect on the global shell and slide packers market over the forecast period.