The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global cigarette market was valued at US$ 1,001 Billion in 2020.
The increasing number of smokers based on hectic work schedules and early exposure to smoking due to peer influence, are among some of the factors driving the global cigarette market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in disrupted supply chains, unavailability of raw materials, and temporary closure of numerous cigarette manufacturing units. Moreover, the rising consumer consciousness towards improving the functioning of respiratory system will hamper the demand for cigarettes in the post-pandemic state.
Based on the type, the global cigarette market has been segmented into light cigarettes, medium cigarettes, and others. Among these, light cigarettes currently hold the largest market share.
Based on the distribution channel, the global cigarette market can be divided into tobacco shops, supermarkets and hypermarkets, convenience stores, and online stores. Currently, tobacco shops exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Western Europe, Eastern Europe, Asia Pacific (excluding Australia), Middle East and Africa, Latin America, and Australia, where Asia Pacific (excluding Australia) dominates the global market.
Some of the major players in the global cigarette market include China National Tobacco Corporation, Phillip Morris International, British America Tobacco, Japan Tobacco International, and Imperial Tobacco Group.
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