July 11, 2022
According to the research report titled ‘Global Rolling Papers Market Size study, by Material Type (Flax, Sisal, Hemp, Rice Straw, Others (Esparto, etc.)), by Basis Weight (Up to 10 gsm, 10 gsm to 25 gsm, 25 gsm & Above) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global rolling papers market accounted for USD 646.05 million in 2021 and is projected to reach USD 915.14 million by the year 2028, observing a 5.1% CAGR during the study period.
The growing popularity of roll-your-own smoking materials, mounting preference for rolling tobacco, and the surging number of states that have legalized recreational marijuana are some of the prime factors driving the expansion of global rolling papers market.
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For those unaware, small sheets, rolls, or leaves of paper known as rolling papers are marketed for rolling cigarettes by hand or with a rolling machine. More people are rolling cigarettes now than ever due to shifting consumer preferences, thus fueling the overall market size.
However, severe regulations surrounding the sale and import of products related to tobacco in some countries has made it challenging for manufacturers to expand their capacities, which in turn restrains the market's growth in the ensuing years.
In terms of the material type, the market is bifurcated on the basis of rice straw, hemp, sisal, flax, and others. With respect to basis weight, the market is fragmented into 25 gsm and above, 10 gsm to 25 gsm, and upto 10 gsm.
The geographical reach of this business vertical extends to North America, Asia-Pacific, Europe, along with Latin America with key emphasis on the U.S., Canada, U.K., Germany, France, Italy, Spain, India, China, Japan, South Korea, Brazil, Australia, and Mexico, and the rest of the world.
Asia Pacific market is expected to develop at the fastest rate in the forthcoming years, primarily ascribed to China, which as per the World Health Organization (WHO), is the biggest consumer and producer of tobacco globally with more than 300 million active smokers that covers a nearly one-third population of all smokers worldwide.
Recon Inc., Devambez, JOB de Jean Bardou, Miquel y Costas Group, Moondust Paper Private Limited, Snail Custom Rolling Papers, Richer Paper Co. Ltd., Republic Technologies Limited, Delfort Group AG, and Schweitzer-Mauduit International Inc. are the leading players in global rolling papers industry.