Cigarette & Tobacco Manufacturing in the US
The Cigarette and Tobacco Manufacturing industry has persevered over the five years to 2018, despite challenging operating conditions and intense scrutiny from both the government and the public. During the period, federal excise taxes on cigarettes rose and individual states increased their own taxes on tobacco several times. Meanwhile, cigarette consumption continued to steadily decline, further reducing demand for the industry's largest and most profitable product segment. However, industry revenue is anticipated to increase during the current period due to sustained demand for noncigarette products mitigating the declining sales of traditional cigarettes. Over the five years to 2023, the industry revenue is expected to decrease as a result of rising public scrutiny, an increasingly stringent regulatory environment and class action suits against major tobacco manufactuerers.
Operators in this industry manufacture cigarettes, cigars, loose pipe tobacco, smokeless (i.e. chewing) tobacco and e-cigarettes. Tobacco manufacturers acquire raw materials from tobacco growers, paper and fiber manufacturers, tobacco stemmers and tobacco redryers and process these into ready-to-use products 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.
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