According to Cognitive Market Research, the global cigarette packaging machine market size is USD 17.3 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2030.
The global cigarette packaging machine market will expand at a significant rate of 3.50% CAGR between 2023 and 2030.
The demand for cigarette packaging machines is rising due to the adoption of cigarette packaging machines in vending machines.
Demand for milling machines remains higher in the cigarette packaging machine market.
The automotive & transportation category held the highest cigarette packaging machine market revenue share in 2023.
Europe will continue to lead, whereas the Asia-Pacific cigarette packaging machine market will experience the strongest growth until 2030.
