The Business Research Company’s global tobacco products market analysis covers the year-on-year growth of the global tobacco products market historic and forecast growth. It also includes chapters on the tobacco products market trends, geographical analysis, and competitive landscape.
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The global tobacco products market is forecast to grow at a CAGR (compound annual growth rate) of around 6.5% by 2020.
Tobacco Products Market Segmentation
According to TBRC’s global market research, the market is split by segments into cigarettes, cigars & cigarillos and smoking and other tobacco.
Cigarettes, cigars & cigarillos includes establishments involved in manufacturing cigarettes, bidis, cigars, cigarillos and other rolled-cigarette products. It is the largest segment in tobacco market with a market share of over 90% of the total market.
Smoking and other tobacco includes establishments involves in producing loose tobacco such as chewing tobacco, dissolvable tobacco and, which is used in pipes, roll-your-own (ROY) cigarettes, make-your-own (MOY) cigarettes, and other tobacco products.
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Despite covering just 10% market share Smoking And Other Tobacco Products had the highest CAGR of around 6% during 2013-2017; this segment is expected to further grow at a CAGR of 7.5% during 2017-2021. This was due to increasing demand for chewing tobacco and other tobacco products in India and some Asian and African countries.
The global tobacco market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global cigarettes, cigars & cigarillos and smoking and other tobacco market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are Philip Morris International Inc., Imperial Tobacco, Altria Group Inc, British American Tobacco and Japan Tobacco Inc.
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