Thursday 1 August 2019

Worldwide Tobacco Market Opportunity and Industry Expansion Strategies 2025

The global tobacco market size is expected to reach USD 694.47 billion by 2021, according to a new study by Radiant Insights, Inc., 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.

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Tobacco Market

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.

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Table of Contents

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
6.1 Altria Group, Inc.
6.1.1 Company overview
6.1.2 Financial performance
6.2 British American Tobacco p.l.c. (BAT)
6.2.1 Company overview
6.2.2 Financial performance
6.3 Hongyunhonghe Tobacco (Group) Co., Ltd.
6.3.1 Company overview
6.4 Imperial Brands PLC
6.4.1 Company overview
6.4.2 Financial performance
6.5 Japan Tobacco Inc.
6.5.1 Company overview
6.5.2 Financial performance
6.6 Philip Morris International Inc.
6.6.1 Company overview
6.6.2 Financial performance
6.7 Reynolds American Inc.
6.7.1 Company overview
6.7.2 Financial performance

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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.


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1 comment:

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