2014-02-05 22:29:01 - Tobacco Packaging in Taiwan - a new market research report on companiesandmarkets.com
There has been an overall decline in demand for tobacco products and thus packaging due to more restrictions on smoking in public places, such as in parks or on footpaths near schools. These add to the 2007 Tobacco Hazard Prevention and Control Act, which was implemented in 2009. Fines of between NT$5 million and NT$25 million can be imposed for advertising, special editions and promotional packs under the act.
A further decline in sales of tobacco packaging is expected over the forecast period, with a -2% CAGR forecast between 2011 and 2016. Tough restrictions on the tobacco industry, as well as further campaigning by consumer and health groups, falling birth rate and greater health awareness will all continue to add to
pressure on companies.
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