The latest report on “Cigarette Market (Product Category – Hard, Light, and Medium; Tobacco Type – Virginia, Burley, Flue-cured Tobacco, and Oriental; Distribution Channel – Convenience Stores, Tobacco Shops, and Online Stores): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.”The global cigarette market is projected to grow at a CAGR of 4.0% over the forecast period of 2019-2025.
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The cigarette is a narrow cylinder filled with psychoactive material, generally tobacco, which is rolled into thin paper for smoking. The cigarette industry is mainly affected by constantly changing government regulations and rules for cigarette products. The Tokyo Metropolitan Assembly in Japan passed an ordinance considering preparation bans smoking inside 84% of the city’s bars and restaurants for the 2020 Olympics which is expected to control smoking at around 45% of national restaurants and bars.
Cigarette Market is Primarily Driven by the Rising Disposable Income in Developed Countries As Well As Developing Economies
The global cigarette market is primarily driven by the rising disposable income in developed countries as well as developing economies. Moreover, growth in the count of smokers across the globe due to the stressful and hectic lifestyles enlarges the number of consumers which is expected to fuel the market growth in the near future.
However, constraints on marketing and promotions, strict government regulations, higher taxes on cigarettes along with declining smoking rates owing to rising health concern within the consumers are expected to hinder the demand for global cigarette market. Nonetheless, Rising hectic and busy schedules and growth in the working population and an increasing number of female smokers is anticipated to create a new opportunity for the global cigarette market.
Asia Pacific Held the Largest Revenue Share in the Cigarette Market
On the basis of region, the global cigarette market is bifurcated into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Asia Pacific held the largest revenue share in 2018 owing to growing urbanization and a huge consumer base for cigarettes in the region.
Rising taxes by various countries’ governments are anticipated to affecting the consumption of cigarettes in developing countries such as India and China. The Asia Pacific is estimated to be the fastest-growing region within the projected years. North America accounted for the second-largest market share in 2018 and the Asia Pacific is followed by North America and Europe.
The report on the global cigarette market covers segments such as product category, tobacco type, and distribution channel. On the basis of product category, the sub-markets include hard, light, and medium. On the basis of tobacco type, the sub-markets include virginia, burley, flue-cured tobacco, and oriental. On the basis of distribution channel, the sub-markets include convenience stores, tobacco shops, and online stores.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/consumer-goods-packaging/global-cigarette-market
The report provides profiles of the companies in the market such as 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, and ITC Limited.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the cigarette.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.