According to this latest report, ‘Global Cigarette Market Report and Forecast 2021-2026’, the global cigarette market attained a value of approximately USD 669.4 billion in 2020. Aided by the rising tobacco consumption, the market is projected to further grow at a CAGR of 3.3% between 2021 and 2026 to reach a value of about USD 836.5 billion by 2026.
A cigarette is a tobacco product that is rolled into a thin paper for smoking. It consists of other ingredients to add flavour. Cigarettes are extensively consumed owing to peer pressure, stress relief, and pleasure. As cigarettes contain various addictive ingredients such as nicotine, their consumption is significantly increasing as they prevent restlessness, irritability, and anxiousness among smokers. Moreover, the prevalence of smoking as a way to reduce stress among the blue-collared professionals is increasing the demand for cigarettes, therefore propelling the market growth.
The growth of the cigarette industry can be attributed to the extensive consumption of tobacco products. Innovative marketing strategies adopted by the leading companies to target women by providing them various discount coupons as well as the development of small, sleek, and designer cigarette packaging to appeal to women are expected to invigorate the market growth. Although the market growth can be hindered by declining smoking rates in developed countries as the popularity of e-cigarettes soars, the market is anticipated to witness a healthy growth due to the rising prevalence of smoking among youth. The extensive marketing by leading companies in developing countries through advertisements to increase the appeal of cigarettes is positively impacting the industry growth. The prevalence of tobacco products among the poverty-ridden populations in countries such as Bangladesh, Indonesia, Nigeria, Uganda, and Egypt, among others are providing impetus to the market growth of cigarettes.
The market report analyses the market based on segmentations such as type, distribution channel, and major region.
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the report are:
A cigarette is a tobacco product that is rolled into a thin paper for smoking. It consists of other ingredients to add flavour. Cigarettes are extensively consumed owing to peer pressure, stress relief, and pleasure. As cigarettes contain various addictive ingredients such as nicotine, their consumption is significantly increasing as they prevent restlessness, irritability, and anxiousness among smokers. Moreover, the prevalence of smoking as a way to reduce stress among the blue-collared professionals is increasing the demand for cigarettes, therefore propelling the market growth.
The growth of the cigarette industry can be attributed to the extensive consumption of tobacco products. Innovative marketing strategies adopted by the leading companies to target women by providing them various discount coupons as well as the development of small, sleek, and designer cigarette packaging to appeal to women are expected to invigorate the market growth. Although the market growth can be hindered by declining smoking rates in developed countries as the popularity of e-cigarettes soars, the market is anticipated to witness a healthy growth due to the rising prevalence of smoking among youth. The extensive marketing by leading companies in developing countries through advertisements to increase the appeal of cigarettes is positively impacting the industry growth. The prevalence of tobacco products among the poverty-ridden populations in countries such as Bangladesh, Indonesia, Nigeria, Uganda, and Egypt, among others are providing impetus to the market growth of cigarettes.
Market Segmentation
The market report analyses the market based on segmentations such as type, distribution channel, and major region.
Market Breakup by Type
- Light
- Medium
- Others
Market Segmentation by Distribution Channel
- Tobacco Shops
- Supermarket and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Market Breakup by Region
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the report are:
- Phillip Morris International
- British American Tobacco
- Japan Tobacco Inc
- Imperial Brands PLC
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Industry Opportunities and Challenges12 Value Chain Analysis18 Industry Events and Developments
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Tobacco Market Overview
9 Global Cigarette Market Analysis
10 Regional Analysis
11 Market Dynamics
13 Price Analysis
14 Manufacturing Process
15 Project Requirement and Cost Analysis
16 Project Economics
17 Competitive Landscape
Companies Mentioned
- Phillip Morris International
- British American Tobacco
- Japan Tobacco Inc
- Imperial Brands PLC
Methodology
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