Boston, MA -- (SBWIRE) -- 09/17/2014 -- In 2012, unit volume of tobacco packaging continued to decline due to the falling sales volume of cigarettes. In South Korea, cigarettes account for nearly 100% of unit volume of tobacco packaging, because sales volume of cigars is almost negligible and other types of tobacco products are not available. With Korean consumers' growing concerns about health, prevalence of smoking has decreased steadily and strict restrictions on public smoking have driven more Korean consumers to quit smoking or to reduce their consumption of cigarettes. In addition, major cigarette companies - British American Tobacco Korea Ltd, JT International Korea Inc and Philip Morris Korea Inc - raised the price of most of their major cigarette products from Won2,500 per pack to Won2,700 in 2011 and early 2012 and this price rise has adversely affected the sales volume of cigarettes in 2011 and 2012. Although the prevalence of smoking is falling in South Korea, the rate is still relatively high and major cigarette manufacturers have continued to introduce new products competitively in South Korea.

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Industry Prospects:

In the forecast period the unit volume of tobacco packaging is expected to decline steadily due to the decreasing demand for cigarettes. However, the pace of cigarette sales decline is expected to remain at a moderate level. Over the review period, anti-smoking activists demanded a major increase in taxes on cigarettes to raise the cigarette price significantly. This is because cigarette prices in South Korea are lower than in most developed countries and a major price increase is believed to be effective in lowering the demand for cigarettes. However, it is hard to expect a significant price increase for cigarettes from any tax increases in the near future. The government has been reluctant to increase the price of cigarettes and cigarette companies and farmers of cigarette leaves also have influence on the government's policies on cigarette taxes.

Report Overview:

Discover the latest market trends and uncover sources of future market growth for the Tobacco Packaging industry in South Korea 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 South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Tobacco Packaging in South Korea 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 South Korea?
- What are the major tobacco pack types in South Korea?
- How is legislation impacting on cigarette pack size in South Korea?
- 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

Product coverage: Cigarettes, Cigars, Smokeless Tobacco, Smoking Tobacco.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

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