The Global Blunt Wrap Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 13.9% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing demand for high quality blunt wraps from the smokers, which is expected to expand the market growth during the analysis period.
The blunt wrap is the external wrapper used to carry the blunt. It consists of tobacco leaves like a normal cigar and can be flavored according to our preferences. Blunts are a cigar of a certain size sold in certain distributors. In Philadelphia, a unique blunt cigar is made from one whole tobacco leaf. This is the only cigar with a continuous leaf as the other cigars use leaf pieces for their external wrapping. At the ends, flavored tobacco leaves are tapered.
Since the success of this cigar style, several other blunts were launched. In comparison to the luxurious cigars, the blunts have a hole in the mouth to get through the smoke due to which it does not have to be cut off at the bottom of the mouth. Blunts are also less expensive than luxurious cigars. The blunt represents every cigar wrapped in a single leaf. Now, cigars no longer need to be wrapped into a continuous single leaf, but a continuing spiral wrap could be used from base to tip.
Market Drivers, Restraints, Trends, and Opportunities
-
Easy availability with a wide range of flavors to get a better smoking experience is predicted to increase the demand for blunt wrap market.
-
Innovations in technologies for the development of cost-effective products are anticipated to have a positive impact on the market growth.
-
Changing preferences of the customers from cigarettes to blunts are expected to fuel the market growth.
-
Rising cases of cancer due to smoking is a key challenge that can restrict the market growth during the forecast period.
-
Increasing R&D spending for the development of new production methods presents numerous opportunities to the new market players.
Scope of Blunt Wrap Market Report
The report on the global blunt wrap market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been involved in the report.
Attributes
|
Details
|
Report Title
|
Blunt Wrap Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
|
Base Year
|
2022
|
Historic Data
|
2016–2021
|
Forecast Period
|
2023–2031
|
Segmentation
|
Types (Flavored Blunt Wraps and Unflavored Blunt Wraps), Applications (Recreational Marijuana and Tobacco)
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
Key Players Covered
|
Smokers Heave, Slimjim Online, Marijuana Packaging, Durfort Holdings S.A., and BnB Enterprise Corp.
|
Global Blunt Wrap Market Segment Insights
In terms of types, the market is divided into flavored blunt wraps and unflavored blunt wraps. The flavored blunt wraps segment is expected to represent a large share during the forecast period owing to its huge popularity. A blunt wrap is the outer covering that is used to hold the blunt together. In most cases, the blunt wrapper is made from tobacco leave like a standard cigar, and can be flavored to provide different tastes and scents depending on our preferences. However, the unflavored blunt segment is projected to hold a moderate share of the market during the analysis period.
Based on applications, the global blunt wrap market is bifurcated into recreational marijuana and tobacco. Recreational marijuana is also known as adult-use marijuana. It is widely consumed due to its medicinal properties such as neurological & mental disorders and sleep management, reduced inflammation, and pain management. The recreational marijuana segment is anticipated to account for a major share during the forecast period owing to its wide usage over the globe. However, the tobacco segment is estimated to constitute a substantial share of the market during the forecast period.
In terms of regions, the market is generally classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is predicted to grow at a significant rate due to the legalization of the medical usage of marijuana in some countries of the region especially some states of the US.
Segments
Types
- Flavored Blunt Wraps
- Unflavored Blunt Wraps
Applications
- Recreational Marijuana
- Tobacco
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Major players competing in the global blunt wrap market include Smokers Heave, Slimjim Online, Marijuana Packaging, Durfort Holdings S.A., and BnB Enterprise Corp. Some of these businesses are involved in adopting numerous market strategies such as mergers & acquisitions, collaborations, partnerships, product launches, R&D activities, and capacity expansion to increase market share and global presence.
BnB Enterprise Corp., a US-based company, is a major company competing in the global blunt wrap market. It is a part of the wholesale sector industry.