Global Cigarette & Tobacco Manufacturing
Operators in the Global Cigarette and Tobacco Manufacturing industry have contended with declining smoking rates in many developed countries across the world over the past five years. Despite lower volume sales in mature markets, industry operators have been able to maintain strong revenue growth by successfully raising prices on tobacco products. Furthermore, rising tobacco consumption in certain emerging markets has helped drive revenue and profit growth across the industry as a whole. Over the next five years, smoking rates are likely to continue declining in higher-income countries due to expected increases in legislation, antismoking campaigns and awareness of health risks associated with smoking. However, tobacco consumption on a global basis will likely remain high, driven by the continued rise in consumption in certain emerging countries. Excise taxes will also rise over the next five years, boosting overall prices for tobacco products as manufacturers and retailers effectively pass the tax burden on to consumers.
Companies in this industry manufacture cigarettes, cigars, smoking and chewing tobacco, and other tobacco products such as snuff and bidis.
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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