Global “Cigarette Market” Report 2020 offers Complete analysis of industry status and outlook of major regions based on of key players, countries, product types, and end industries. This report focuses on the Cigarette in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Cigarette Market report categorizes the market based on manufacturers, regions, type and application. Cigarette Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.
Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Cigarette Market report categorizes the market based on manufacturers, regions, type, and application. Cigarette Market reports offer a detailed assessment of the Cigarette including enabling technologies, current market situation, market assumptions, restraining factors.
List of Top Key-players in 2020 of Cigarette Market:-
- China National Tobacco Corporation-Phillip Morris International-Japan Tobacco International-British America Tobacco-Imperial Tobacco Group-Altria Group Inc-Godfrey Phillips India Ltd. (GPIL)-LANDEWYCK TOBACCO SA-SPS Cigaronne-ITC Limited-Austria Tabak GmbH & Co KG-Gallaher Group
The Global Cigarette market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
Cigarette industry is majorly influenced by changing government regulations related cigarette products. For example, in Japan, the Tokyo Metropolitan Assembly passed an ordinance considering preparation for 2020 Olympics which bans smoking inside 84% of the city’s bars and restaurants which would control smoking at roughly 45% of national bars and restaurants. Globally, few key players in cigarette holds significant market share and some of them are slowly shifting their product portfolio from cigarette to e-cigarette and various smokeless tobacco products and devices. For instance, Philip Morris International (PMI), one of the key player in cigarette industry has made big decision to eventually stop selling cigarettes altogether in order to achieve a “smoke-free” future.
The global cigarette market is expected to register a CAGR of 6.4% during the forecast period, 2018 to 2023.
Tobacco Control Interventions to Restrain the Cigarette Market Growth
Increasing disposable income is one of the key factors which is driving the market growth in developing economies such as China and India. However, declining smoking rates due to growing health concern among the consumers has led to a downfall in the demand for cigarettes in the developed regions such as US, UK, and Germany. Additionally, strict government regulations, constraints on promotions and marketing, along with increased taxes on tobacco products are some other factors that have affected the market growth. For instance, In September 2014, the Korean government announced comprehensive smoking cessation policy that included tax increases on cigarettes to improve person’s health. Accordingly, the price of cigarettes up surged in January 2015: the price of most popular cigarette brand was raised from 2,500 won to 4,500 won per pack.
Light Cigarettes to Witness Fastest Growth during the Forecast Period
Rising number of female smokers, strong distribution network of cigarette manufacturers, and popularity of flavored cigarettes is supporting the market growth. Increasing cigarette consumption is in low- and middle-income countries is playing key role to drive the market growth. Flavored tobacco products are becoming popular and become much more prevalent in the years last few years across the globe. These products include flavored smokeless tobacco, e-cigarettes, little cigars and cigarillos, large cigars hookah, and dissolvable, in addition to menthol cigarettes, and are sold with various flavors range which includes confectionery flavors, to alcoholic beverage to herbs and spices. According to National Store Observation Data collected in 2014, around 84% of stores sells flavored little cigar or cigarettes and around 67% of stores sells flavored smokeless products. This factor is influencing the sales of cigarette across the globe.
Growing Consumption of E-cigarette to Impact Cigarette Market Growth in Asia-Pacific
Asia-Pacific is the region offering plenty growth opportunities for the key players of smokeless tobacco products and e-cigarettes. Growing urbanization and huge consumer base has been driving the demand for e-cigarettes in the region which is restraining growth of cigarette market. According to the survey, majority of consumers are dual users who have them along with smoking traditional cigarettes which is driving the sales of both e-cigarettes and cigarettes in the region. Impose of high taxes from government is significantly affecting the consumption of cigarettes in the developing countries like China and India. The WHO stressed that “the smoking regulation by raising the price of cigarettes was the most effective and cost-efficient to curb the smoking”. Additionally, Tobacco Control Legal Consortium said that “the price of cigarettes has a significant relationship with people’s consumption. When cigarette prices go up, people are inclined to smoke less or quit”. Thus, increasing cigarette price is considered a reasonable measure to restrain cigarette consumption in the region.
Key Developments in the Cigarette Market
Jul 2018: Philip Morris International Inc. takes another step towards a smoke-free future through a strategic collaboration with Parallax, a Canadian-based start-up. The agreement focuses on advancing the development and commercialization of an effective nicotine-delivery system that leverages the most advanced technologies in pulmonary medicine.
Jun 2018: Imperial Tobacco is set to expand its crushball range with the addition of JPS Player’s Superkings Crushball and L&B Blue Ice Crushball Superkings.
Cigarette Market Competitive Landscape
Cigarette Market Major key players are- China National Tobacco Corporation, Phillip Morris International, Japan Tobacco International, British America Tobacco, Imperial Tobacco Group, Altria Group Inc, Godfrey Phillips India Ltd. (GPIL), LANDEWYCK TOBACCO SA, SPS Cigaronne, ITC Limited, Austria Tabak GmbH & Co KG, and Gallaher Group.
Reasons to Purchase Cigarette Market Report
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information,
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The global Cigarette market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Cigarette Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
Key Developments in the Cigarette Market:
Jul 2018: Philip Morris International Inc. takes another step towards a smoke-free future through a strategic collaboration with Parallax, a Canadian-based start-up. The agreement focuses on advancing the development and commercialization of an effective nicotine-delivery system that leverages the most advanced technologies in pulmonary medicine.Jun 2018: Imperial Tobacco is set to expand its crushball range with the addition of JPS Player’s Superkings Crushball and L&B Blue Ice Crushball Superkings.Cigarette
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This Cigarette Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Cigarette? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Cigarette Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Cigarette Market? What Was Capacity, Production Value, Cost and PROFIT of Cigarette Market?
- What Is Current Market Status of Cigarette Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Cigarette Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Cigarette Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Cigarette Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Cigarette Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Cigarette Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Cigarette Industry?
Reasons to Purchase Cigarette Market ReportAnalyzing outlook of the market with the recent trends and Porter’s five forces analysisMarket dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to comeMarket segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspectsRegional and country level analysis integrating the demand and supply forces that are influencing the growth of the marketCompetitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five yearsComprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players3-month analyst supports, along with the Market Estimates sheet in excel
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Finally, the report Global Cigarette Market 2020 describes the Cigarette industry expansion game plan, the Cigarette industry knowledge supply, appendix, analysis findings, and the conclusion.
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