The global Cigarette market reached a value of about USD 692 billion in 2021. The industry is projected to grow at a CAGR of around 3.3% in the forecast period of 2022-2027 to reach a value of about USD 840 billion by 2027.
The global Cigarette industry report gives a comprehensive analysis of the industry, including critical segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing number of smokers due to various lifestyle changes primarily drives the industry's growth. Asia, LATAM, and Africa are the highest category spender by region that is driving the demand for the Cigarette industry.
Cigarettes are one of the most typically used tobacco products in the world. They're little cigars composed of shredded or crushed tobacco wrapped in thin paper. Cigarettes are regarded to be one of the most common means of smoking. Most current cigarettes are filtered and include reconstituted tobacco and additional chemicals. The Cigarette industry report comprises segments by Type (Light, Medium, Others), Distribution Channel (Tobacco Shops, supermarkets, Hypermarkets, Convenience Stores, Online Stores, and Others), and Region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
Asia, LATAM, and Africa are the central regions leading the industry due to Consumer disposable incomes rising in certain emerging countries, creating many development prospects for cigarette makers to boost product prices and move smokers to luxury goods. In addition, China is the world's largest tobacco producer and user, and the growing number of organised retail shops makes tobacco products more accessible and available to customers. This is one of the essential elements fueling the tobacco market's expansion across the country.
The market is driven by the growing shift towards cigarette consumption among people. There has been a rise in the number of smokers worldwide primarily due to customers' hectic lifestyles, catalysing the expansion of the cigarette market. A significant portion of the rural tobacco-using population is switching to cigarettes due to increased product awareness. There are many development prospects for cigarette makers to boost product prices and move smokers to luxury goods. Other crucial factors include increased disposable incomes, tobacco corporations' marketing methods, the availability of various cigarette flavours, and social and cultural considerations.
However, health risk associated with smoking is likely to hamper the market growth.
The global Cigarette industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Cigarette regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Tobacco lamina undergoes several processes, including slicing, casing, conditioning, mixing, cutting, and drying. Tobacco stems are processed in tandem with the tobacco leaves processing line simultaneously. Moisturizing, conditioning, cutting, expanding, and drying are essential processes. Tobacco lamina and stems are combined for flavour and packaging after being processed. Tobacco slices are fed into the machine, which subsequently goes through the filtering process (for filter cigarettes only). Packer, stamper, wrapper, boxer, and over-wrapper continue to process these cigarettes. Finally, before being distributed to clients, completed cigarette packs are wrapped in carton boxes and kept in a warehouse.
The continual product innovation is aiding the industry in terms of container size, organic components, and a balanced nicotine dose. In addition, there are various varieties of cigarettes on the market, such as filter cigarettes, menthol cigarettes, clove cigarettes, and so on, giving cigarette smokers a wide range of alternatives. Furthermore, several factors, such as increased consumer knowledge and awareness of products and services via digital media and other sources, as well as the advent of social media, are educating consumers about the benefits of organic cigarette products, which is driving demand for organic and herbal cigarettes. Cigarette consumption is increasing, especially in emerging nations such as Asia and Africa. This is due to the rising population and government rules governing cigarette manufacture. Furthermore, to preserve their market position, firms supplying these items are increasing their efforts in R&D, marketing, and expanding their distribution networks.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The worldwide cigarette market is highly concentrated, with only a few producers vying for market share based on price and quality. Top businesses in the market under investigation have a global presence. These companies focus on harnessing growing market prospects to increase their product range and meet the needs of diverse product sectors, particularly e-cigarettes. As a result, prominent players are pursuing mergers and acquisitions as one of their primary tactics for achieving consolidation and optimising their offers. Manufacturers have an advantage in expanding their product variety across the area because of their advanced distribution network and production competence.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Tobacco Market Overview
8.1 Key Industry Highlights
8.2 Global Tobacco Historical Market (2017-2021)
8.3 Global Tobacco Market Forecast (2022-2027)
8.4 Global Tobacco Market by Product
8.5 Global Tobacco Market by Region
9 Global Cigarette Market Analysis
9.1 Key Industry Highlights
9.2 Global Cigarette Historical Market (2017-2021)
9.3 Global Cigarette Market Forecast (2022-2027)
9.4 Global Cigarette Market by Type
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
9.5 Global Cigarette Market by Distribution Channel
9.5.1 Tobacco Shops
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
9.5.2 Supermarket and Hypermarkets
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
9.5.3 Convenience Stores
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
9.5.4 Online Stores
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
9.6 Global Cigarette Market by Region
9.6.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2017-2021)
10.1.2 Forecast Trend (2022-2027)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.2.1 Historical Trend (2017-2021)
10.2.2 Forecast Trend (2022-2027)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.3 Asia Pacific
10.3.1 Historical Trend (2017-2021)
10.3.2 Forecast Trend (2022-2027)
10.3.3 Breakup by Country
10.4 Latin America
10.4.1 Historical Trend (2017-2021)
10.4.2 Forecast Trend (2022-2027)
10.4.3 Breakup by Country
10.5 Middle East and Africa
10.5.1 Historical Trend (2017-2021)
10.5.2 Forecast Trend (2022-2027)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.4 South Africa
11 Market Dynamics
11.1 SWOT Analysis
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Price Analysis
13.1 Price Structure
13.2 Price Trends
14 Manufacturing Process
14.1 Detailed Process Flow
14.2 Operations Involved
14.3 Mass Balance
15 Project Requirement and Cost Analysis
15.1 Land, Location, and Site Development
15.3 Plant Machinery
15.4 Cost of Raw Material
15.9 Other Capital Investment
16 Project Economics
16.1 Capital Cost of the Project
16.2 Techno-Economic Parameters
16.3 Product Pricing and Margins Across Various Levels of the Supply Chain
16.4 Taxation and Depreciation
16.5 Income Projections
16.6 Expenditure Projections
16.7 Financial Analysis
16.8 Profit Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Phillip Morris International
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
17.2.2 British American Tobacco
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
17.2.3 Japan Tobacco Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
17.2.4 Imperial Brands PLC
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
18 Industry Events and Developments
The global Cigarette market size was valued at USD 692 billion in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 3.3%.
The significant demand for different types of products is one of the essential drivers of the Cigarette market growth.
Phillip Morris International, British American Tobacco, Japan Tobacco Inc., Imperial Brands PLC, and Others are some of the major companies in the market.
The Asia, LATAM, and Africa regions of the Cigarette industry hold a significant share in the market.
The global Cigarette market attained a value of USD 692 billion in 2021, driven by the growing shift towards cigarette consumption among people. Other crucial factors include increased disposable incomes, tobacco corporations' marketing methods, the availability of various cigarette flavours, and social and cultural considerations. Aided by the continual product innovation in terms of container size, organic components, and a balanced nicotine dose paired with the availability of various varieties of cigarettes on the market, such as filter cigarettes, menthol cigarettes, clove cigarettes, and so on the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 3.3%. The market is projected to reach USD 840 billion by 2027. Some leading players in the industry are Phillip Morris International, British American Tobacco, Japan Tobacco Inc., Imperial Brands PLC, and Others.
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