2014-02-03 08:10:03 - Tobacco Packaging in Japan - a new market research report on companiesandmarkets.com
Tobacco packaging witnessed a reversal of growth trends in 2012, with sales rising by just under 1% in unit volume terms. This was due to a sharp sales decline in 2011. The March 2011earthquake hit the Tohoku area, damaging production facilities of Japan Tobacco Inc. In addition to the supply shortage of Japan Tobacco Inc, consumer sentiment following the earthquake fell, discouraging smoking and drinking, especially outside home.
One year after the earthquake consumer confidence was rising once more, and the 2010 tax increase effect was mitigated, leading to tobacco consumption growth, and consequently packaging sales saw a slightly positive performance in 2012.
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