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International News: Global Cigarette Market: Size, Share, Value Trends And Forecast 2018-2023 #18302
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News Article:
The global cigarette market has witnessed a shift in the consumption patterns and is currently growing at a steady rate. In the present scenario, the market is primarily being driven by a rise in the cigarette sales from the emerging nations.

Request a sample report: https://www.imarcgroup.com/request?type=report&id=633&flag=B

Cigarette refers to a roll of thin-white paper, comprising of finely chopped tobacco, wherein one end is ignited with lighter and the other end permits inhaling of smoke. It represents one of the most popular product types of tobacco and reserve itself a majority of the share. Currently, cigarette is available in a wide variety of shapes, sizes, colours, flavours and intensity, as per the consumers' preferences. A new research report by IMARC Group, ti tled “Cigarette Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the global cigarette market was worth US$ 853 Billion in 2017.The report further anticipates the market to reach approximately US$ 1067 Billion by 2023, at a projected CAGR of nearly 4% over the forecast period.

Read full report with TOC: https://www.imarcgroup.com/cigarette-manufacturing-plant

Market Drivers/Constraints:

The number of smokers has been soaring in the developing regions, such as China and India, which accounts for the highest population rate. Both male and female smoker's statistics have witnessed a boost, thereby influencing the global demand for cigarettes.

Growing population as well as rising disposable incomes of the consumers have positively impacted the demand for cigarettes. This has helped cigarette manufacturers to hike their prices and introduce premium product line to their consumers.

In addition, the cigarette manufactures have started manufacturing products that are targeted towards the female consumers. For instance, light, long as well as skinny cigarettes are produced exclusively for feminine share of consumers.

However, there are several factors that hamper the market growth. Increasing health awareness about the negative impacts of cigarette has led to a rise in substitutes of cigarettes like e-cigarettes which have zero health hazards. Moreover, anti-tobacco movements by government across various regions have created an obstacle in the demand for cigarettes.

Regional Insights:

On a geographical front, Asia Pacific currently represents the largest cigarette market, accounting for the majority of the total global share. Other major regions include North America, Western Europe, Eastern Europe, Middle East and Africa, and Latin America.

Competitive Landscape:

The market is highly concentrated with the presence of numerous large manufacturers who compete in terms of prices and quality. There is an intense competition in the market which makes it difficult for small pla yers to enter. Some of the leading pla yers operating in the market are:

China National Tobacco Corporation
Imperial Tobacco Group
Phillip Morris International
British America Tobacco
Japan Tobacco International

Browse related reports:

Cigarette Lighter Market Research Report: https://www.imarcgroup.com/cigarette-lighter-manufacturing-plant

Tobacco Market Research Report: https://www.imarcgroup.com/tobacco-processing-plant

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.




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