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The global tobacco market reached a volume of 8.54 Million Tons in 2020. Looking forward, IMARC Group expects the market to reach a volume of 9.29 Million Tons by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Tobacco products are prepared by curing the leaves of tobacco plant which is a part of the genus Nicotiana of the Solanaceae family. There are more than 70 species of tobacco known till now, however, N. tabacum remains the chief commercial crop. Tobacco contains a colourless volatile alkaloid, nicotine, which is responsible for stimulating brain functions, increasing blood pressure, constricting peripheral blood vessels and raising heart rate. Dried tobacco leaves are majorly used for smoking in cigarettes, cigars, pipes and shisha; and as chewing tobacco, snuff, snus and dipping tobacco.
Global Tobacco Market Drivers/Constraints:
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global tobacco market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on type.
Breakup by Type:
On the basis of type, the market has been segregated into cigarettes, roll your own, cigars, cigarillos, smokeless tobacco and others. Currently, cigarettes represent the most popular product type, accounting for the majority of the global market. Their rising demand can be attributed to the surging population and tax regulations, especially in the developing countries.
Region-wise, China enjoys the leading position in the global tobacco market due to an increase in the production of tobacco leaves in the region. Moreover, as smoking is considered “cool” among the younger generations, there has been a constant demand for tobacco in the country. Other major regions include India, Brazil, the Unites States and EU 15.
The market is highly concentrated with the presence of three large manufacturers which currently hold more than two-third of the total share. Strong brand image and distribution networks of existing players make it difficult for new entrants to survive in the market. Some of the leading players operating in the market are:
This report provides a deep insight into the global tobacco industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a tobacco processing and cigarette manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the tobacco industry in any manner.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Region|
|Region Covered||China, India, Brazil, United States, EU 15, Others|
|Companies Covered||China National Tobacco Corporation, Phillip Morris International, British America Tobacco, Japan Tobacco International and Imperial Tobacco Group|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License $ 1999
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Corporate License $ 2999
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global tobacco market reached a volume of 8.54 Million Tons in 2020.
The emergence of numerous flavored tobacco-products, such as apple, saffron, cinnamon, berry, etc., is one of the key factors currently driving the global tobacco market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous manufacturing units and retail shops of tobacco.
Based on the type, the global tobacco market can be categorized into cigarettes, roll your own, cigars, cigarillos, smokeless tobacco, and others. Among these, cigarettes currently account for the majority of the total market share.
On a regional level, the market has been classified into China, India, Brazil, United States, EU 15, and others, where China currently dominates the global market.
Some of the major players in the global tobacco market include China National Tobacco Corporation, British America Tobacco, Phillip Morris International, Japan Tobacco International, Imperial Tobacco Group, etc.
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