Historically, the global tobacco industry growth was at a compound annual growth rate (CAGR) of more than 1.5%. The slight growth can be attributed to stringent regulations on tobacco products, increasing health consciousness among customers and increase in the taxes levied by many state and national governments. This market was mainly driven by rising disposable income in Asian and African countries.

According to TBRC’s global tobacco industry statistics, the global tobacco market is expected to grow to above $600 billion in 2021 at a CAGR of slightly above 2%. Despite rising health concerns and regulatory changes, the tobacco market is predicted to slightly grow in the forecast period; this can be attributed to the expected increase in demand for tobacco products due to rise in youth population, and increasing disposable income in Asian and African countries due to economic growth.

Find TBRC’s report on the tobacco products and cigarette manufacturing market: https://www.thebusinessresearchcompany.com/report/tobacco-products-global-market-report-2018

Cigarette manufacturers are capitalizing on marijuana legalization in some countries and are offering marijuana or cannabis cigarettes. These cigarettes contain marijuana, a drug used for medicinal and recreational purposes, and are popular among youth. Marijuana cigarettes are commercially available in the U.S., Switzerland and other countries in Europe. In 2016, Philip Morris introduced Marlboro M marijuana cigarettes. Toast, a Colorado-based company, is offering marijuana cigarettes in the U.S. Marijuana cigarettes under the brand Heimat are available in Coop supermarket chains across Switzerland.

Download a sample of the tobacco industry report: https://www.thebusinessresearchcompany.com/sample.aspx?id=345&type=smp

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