Global Tobacco Market Analysis and Segment Forecasts, 2012-2021: Breakdown by Cigarettes, Smoking Tobacco, Smokeless Tobacco, Cigars & Cigarillos

10/30/2018, 12:45 PM (Source: GlobeNewswire)

Dublin, Oct. 30, 2018 (GLOBE NEWSWIRE) -- The "Tobacco Market Size, Share & Trends Analysis Report By Type (Cigarettes, Smoking Tobacco, Smokeless Tobacco, Cigars & Cigarillos), By Region (U.S., Canada, U.K., China), And Segment Forecasts, 2012 - 2021" report has been added to ResearchAndMarkets.com's offering.

The global tobacco market size is expected to reach USD 694.47 billion by 2021, exhibiting a 2.8% CAGR from 2016 to 2021. The tobacco industry comprises a handful of players that grow, sell, and distribute tobacco-related products in the market.

Advanced technologies have assisted the tobacco industry in automating manufacturing processes, in contrast to traditional manufacturing techniques that were labor dependent. Automation has also helped market players to grow in terms of profitability as the cost of labor was being saved.

The global tobacco market is struggling due to ongoing restraints put by governments around the world on grounds of health issues, resulting in high taxes and unfavorable regulations. Tobacco manufacturing companies cannot market their products and are obligatory to issue health warnings on product packaging.

Rising health awareness, stricter government regulations on tobacco products, and increasing popularity of substitutes are adversely affecting market growth. Moreover, with tobacco manufacturers increasing the per unit price of cigarettes and other tobacco products due to increased tax, consumers are shifting preference to value-for-money products. This will also take its toll on industry growth.

Further key findings from the report suggest:

  • Cigarettes account for the largest share in the global tobacco market in terms of both revenue and sales. In 2016, the segment amounted to USD 562.61 billion, equivalent to 93.0% of the market's overall value
  • The China market is anticipated to expand at a revenue-based CAGR of 2.6% from 2016 to 2021, while demand is also expected to witness a modest rise
  • Key industry participants include Altria Group, Inc., Reynolds American Inc., Hongyunhonghe Tobacco (Group) Co., British American Tobacco p.l.c. (BAT), Ltd., Japan Tobacco Inc., Imperial Brands PLC, and Philip Morris International Inc.

Key Topics Covered:

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Industry Outlook
3.1 Market Segmentation &Scope
3.2 Industry Analysis - Porter's
3.2.1 Bargaining power of buyer
3.2.2 Bargaining power of supplier
3.2.3 Threat of new entrants
3.2.4 Threat of substitutes
3.2.5 Degree of rivalry

Chapter 4 Tobacco: Type Estimates & Trend Analysis
4.1 Tobacco market by type

Chapter 5 Tobacco: Regional Estimates & Trend Analysis
5.1 Tobacco market, by geography
5.2 U.S.
5.2.1 U.S. Tobacco market
5.2.2 U.S. Tobacco, by type
5.3 Canada
5.3.1 Canada Tobacco market
5.3.2 Canada Tobacco, by type
5.4 U.K.
5.4.1 U.K. Tobacco market
5.4.2 U.K. Tobacco, by type
5.5 China
5.5.1 China Tobacco market
5.5.2 China Tobacco, by type

Chapter 6 Competitive Landscape

  • Altria Group, Inc.
  • British American Tobacco p.l.c. (BAT)
  • Hongyunhonghe Tobacco (Group) Co., Ltd.
  • Imperial Brands PLC
  • Japan Tobacco Inc.
  • Philip Morris International Inc.
  • Reynolds American Inc.

For more information about this report visit https://www.researchandmarkets.com/research/jbxsp2/global_tobacco?w=12

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Press Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Tobacco

22157.jpg

Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.