Global Cigarette Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Cigarette Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global cigarette market report has been segmented on the basis of type, distribution channel, and region.
Global Cigarette Market: Overview
Cigarette is a type of small cylinder which consist of psychoactive material especially fine tobacco leaves that are trolled in thin paper which is useful for smoking. The cigarette is burned from the one end and allowed for smoldering its smoke for inhaling from the other, which is held in or to the mouth most of the individuals make use of cigarette holder. Most of the cigarette s comprises of a "re-formed tobacco" product called as "sheet", that comprises of recycled collected dust, stems, stalks, floor sweepings, and scraps and also the chemicals and fillers, glue is added and these product is finally sprayed with nicotine that is removed from the tobacco leftovers, and shaped into curls.
Global Cigarette Market: Dynamics
Rising per capita income level is the major factor expected to drive the growth of target market. In addition, increasing large number of suppliers of tobacco materials present for making cigarette and increasing shift of rural population towards the cigarette instead of tobacco are the other factors expected to drive demand of the target market. Furthermore, due to stressful and hectic existences of the working population, along with high pressure and early exposure to cigarettes among the youths, especially in emerging economies are among the another factors expected drive the growth of the target market over the fore coming years. However, harmful effects due to cigarette and cigarette smoking can cause cancer are the factors that could hamper the market growth over the forecast period to a significant extent.
Many leading manufacturers are advancing the taste of cigarettes by reducing harshness, bitterness, and sharpness for making attractive to the youth generation. They are also spreading and widening their product portfolio by introducing advanced products including e-cigarettes which comprises of a nicotine-based liquid that is inhaled and vaporized. This is among major trend which is observed in the global cigarette market.
Global Cigarette Market: Segment Analysis
Among the type segment, the light segment is dominating due to increasing in disposable income levels and they are healthier and safer for consuming. Among the distribution channel segment, the tobacco shops segment is dominating at the forecast period as they offer a variety of specialized tobacco products which ranges from best cigars to ashtrays and humidification devices.
Global Cigarette Market: Regional Analysis
Currently, the market in North America accounts for the major market share and is likely to drive growth over the forecast period as this region. This is primarily attributed to increasing consumption of cigarettes among consumers coupled with rising disposable income in countries in this region. The market in Asia Pacific is likely to register fastest growth in the near future due to the growing number of youth population in countries such as India & China that are demanding for cigarette as well as launches of new flavored cigarette are among some factors expected to drive revenue growth of the target market in Asia Pacific region.
Global Cigarette Market Segmentation:
Segmentation by type:
Segmentation by distribution channel:
- Tobacco shops
- Supermarkets and hypermarkets
- Convenience stores
- Online stores
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- British American Tobacco plc
- Japan Tobacco International
- Imperial Brands Plc.
- Philip Morris International Inc.
- Altria Group, Inc.
- China National Tobacco Corporation
- Alliance One International
- J. Reynolds
- PT Gudang Garam Tbk
- Donskoy Tabak
- Taiwan Tobacco & Liquor
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