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Cigarette & Tobacco Manufacturing in the US - Industry Market Research Report

Publisher IBISWorld
Published Feb 27, 2024
Length 52 Pages
SKU # IBSS18599109

Description

Cigarette & Tobacco Manufacturing in the US - Industry Market Research Report


Cigarette & Tobacco Manufacturing in the US

Cigarette and tobacco manufacturers produce various tobacco products, including cigarettes, cigars and smokeless tobacco. The industry excludes electronic cigarettes. The industry performs countercyclically to the business cycle. In periods of economic downturn, increased unemployment and decreased consumer confidence, smoking and tobacco usage increases as people find ways to self-medicate and ease stress. The COVID-19 pandemic has significantly increased tobacco consumption. Lockdown mandates forced establishments to close to curtail the virus's spread, causing rising unemployment. Enhanced unemployment benefits and stimulus checks also contributed to disposable income, increasing revenue. Consumers couldn't spend money in many other sectors of the economy, resulting in a larger proportion of the extra income going toward tobacco products.

Operators in this industry manufacture cigarettes, cigars, loose pipe tobacco and smokeless (i.e. chewing) tobacco. 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.

Table of Contents

52 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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