According to a new report by Expert Market Research, the tobacco market reached a volume of 9 Million Tons in 2019 and is further expected to reach 11 Million Tons by 2025.
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Tobacco refers to an agricultural product derived from the leaves of a plant named N. Tebacum, which belongs to the family of Solanacaea. It has gained traction all around the world due to one of its extremely addictive element called nicotine which constitutes about 3% of tobacco’s total dry weight. Tobacco grows in warm climates and is currently grown in over 125 countries. Worth billions of dollars, the global tobacco industry represents a substantial contributor to the world economy. Over the past several years, the global tobacco market has witnessed many changes both in terms of production and consumption patterns. During 2009-2010, the tobacco production declined as a result of a fall in cultivation in major tobacco producing countries such as India, China and Brazil. However, the production increased soon in the beginning of 2011, particularly in the developing nations. This can be accredited to growing population, rising disposable incomes, lenient government regulations, surrogated promotion by transnational companies, and increasing number of tobacco consumers.
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Market breakup by Product type
- Cigarettes
- Roll Your Own
- Cigars
- Cigarillos
- Others
Market breakup by Region
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Competitive Landscape & Supplier Analysis
- China National Tobacco Corporation
- Phillip Morris International ( NYSE: PM )
- British America Tobacco ( NYSE: BTI )
- Japan Tobacco International ( OTCMKTS: JAPAY )
- Imperial Tobacco Group ( OTCMKTS: IMBBY )
- India Tobacco Company Limited ( NSE: ITC )
- Gudang Garam ( OTCMKTS: GGNPF )
- Lorillard
- Reynolds American
- KT&G ( KRX: 033780 )
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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