The Cigarette and Tobacco Manufacturing industry has continued its trend of sluggish growth over the five years to 2017. Increasingly health-conscious Canadians are turning away from tobacco, as the Canadian government continues to increase tobacco-related regulation. Cigarette and tobacco manufacturers are already restricted in the way they can produce, advertise and sell their goods. Compounding these problems are rapidly rising excise taxes on tobacco products at both the federal and provincial levels, which effectively raise the retail price of tobacco and subsequently quell demand for industry products. As a result, industry revenue is expected to rise modestly over the five years to 2017. The industry is projected to continue its gradual decline over the next five years, as demand for cigarettes and other tobacco products continues to fall.
Companies within this industry stem and redry tobacco, as well as manufacture cigarettes, cigars, smoking and chewing tobacco and reconstituted tobacco. Industry operators acquire raw materials from tobacco growers, and paper and fibre manufacturers. They then process these materials into tobacco products that are sold to wholesalers and retailers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.