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Learn more27 pages, Sep 2015
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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.
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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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:
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This industry report originates from Passport, our Packaging market research database.
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.