Tobacco packaging saw a total unit volume decline during 2014, owing to the increase in the excise tax, which saw consumers cut back on smoking. The government implemented an annual price increase in 2013, which will continue through to 2017. Significant price increases affected consumers, as they channelled their purchases towards other essential products instead, whilst some consumers traded down to economy brands of cigarettes.
Industry Prospects
Tobacco packaging is expected to record unit volume growth over the forecast period. Despite increases in the excise tax lasting through to 2017, it is likely to have a less pronounced impact than at the initial launch in 2013. Furthermore, consumers’ disposable incomes are expected to improve alongside the positive economic conditions in the Philippines over the forecast period. The unit price increases are thus unlikely to significantly slow consumers’ willingness to splurge on tobacco.
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Report Overview
Discover the latest market trends and uncover sources of future market growth for the Tobacco Packaging industry in Philippines with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Tobacco Packaging industry in Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.
The Tobacco Packaging in Philippines market research report includes:
* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes in units and filled volumes
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
* What is the total unit volume of tobacco packaging in Philippines?
* What are the major tobacco pack types in Philippines?
* How is legislation impacting on cigarette pack size in Philippines?
* How is consumer shift between soft and hard packs affecting the pack mix?
* What are the most dynamic pack types within tobacco?
Reasons to Get this Report
* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats
* Inform your marketing, brand, strategy and market development, sales and supply functions
About Fast Market Research
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For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)
You may also be interested in these related reports:
- Tobacco Packaging in Canada
- Tobacco Packaging in Poland
- Tobacco Packaging in the US
- Tobacco Packaging in Japan
- Tobacco Packaging in Turkey
Market Report, "Tobacco Packaging in the Philippines", published
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001