The global tobacco products market is expected to grow from $263.62 billion in 2020 to $272.1 billion in 2021 at a compound annual growth rate (CAGR) of 3.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $321.5 billion in 2025 at a CAGR of 4%.
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The tobacco products market consists of sales of tobacco products by entities (organizations, sole traders and partnerships) that produce tobacco products by stemming and redrying of tobacco and manufacturing cigarettes and other tobacco products. E-cigarettes are not included in this market. The tobacco products market is segmented into cigarettes, cigars and cigarillos and smoking and other tobacco products.
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The tobacco products market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the tobacco products market are Philip Morris International Inc.; Imperial Tobacco; Altria Group Inc; British American Tobacco; Japan Tobacco Inc.
The global tobacco products market is segmented –
1) By Type: Cigarettes, Cigars And Cigarillos, Smoking And Other Tobacco Products
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others
3) By Product Type: Combustible Tobacco, Smokeless Tobacco
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The tobacco products market report describes and explains the global tobacco products market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The tobacco products report evaluates the market across each region and for the major economies within each region.
The countries covered in the global tobacco products market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global tobacco products market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Tobacco Products Market Characteristics
- Tobacco Products Market Product Analysis
- Tobacco Products Market Supply Chain
- Key Mergers And Acquisitions In The Tobacco Products Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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