Tobacco Products Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Tobacco Products Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from Publisher provides the strategists, marketers and senior management with the critical information they need to assess the global tobacco products market as it emerges from the Covid 19 shut down.

Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
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- Benchmark performance against key competitors.
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Description:
Where is the largest and fastest growing market for the tobacco products- How does the market relate to the overall economy, demography and other similar markets- What forces will shape the market going forward- The Tobacco Products market global report from Publisher answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider tobacco products market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The tobacco products market section of the report gives context. It compares the tobacco products market with other segments of the food and beverages market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, tobacco products indicators comparison.

Scope

Markets Covered: 1) By Type: Cigarettes, Cigars And Cigarillos; Smoking And Other Tobacco Products
2) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Others
3) By Product Type: Combustible Tobacco; Smokeless Tobacco

Subsegments Covered: Cigarettes; Cigars And Cigarillos; Chewing Tobacco; Snuff Tobacco; Other Smokeless Tobacco; Loose Tobacco

Companies Mentioned: Philip Morris International Inc.; Imperial Tobacco; Altria Group Inc; British American Tobacco; Japan Tobacco Inc.

Metrics Covered: Number of Enterprises; Number of Employees

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, tobacco products indicators comparison.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.


Major companies in the tobacco products market include Philip Morris International Inc.; Imperial Tobacco; Altria Group Inc; British American Tobacco and Japan Tobacco Inc.

The global tobacco products market is expected to grow from $263.62 billion in 2020 to $272.1 billion in 2021 at a compound annual growth rate (CAGR) of 3.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $321.5 billion in 2025 at a CAGR of 4%.

The tobacco products market consists of sales of tobacco products by entities (organizations, sole traders and partnerships) that produce tobacco products by stemming and redrying of tobacco and manufacturing cigarettes and other tobacco products. E-cigarettes are not included in this market. The tobacco products market is segmented into cigarettes, cigars and cigarillos and smoking and other tobacco products.

Asia Pacific was the largest region in the global tobacco products market, accounting for 37% of the market in 2020. North America was the second largest region accounting for 29% of the global tobacco products market. Africa was the smallest region in the global tobacco products market.

Cigarette companies are innovating in product designs and offering super slim and ultra slim cigarettes to appeal to millennials. These super slim cigarettes are about 4.7 mm in diameter and 99mm in length. New types of cigarettes include long, extra-slim, light-colored with low tar content, and are particularly targeted towards female smokers. Slim and super slim cigarettes are popular especially in Asia, Africa and the Middle East, and their use is increasing in leading consumer markets such as Korea, Japan and Russia. Some of the popular super slim cigarette brands include Davidoff Boudoir (Imperial Tobacco), Winston XS Micro (JTI Ukraine), ESSE (KT&G), Glamour (Gallagher Tobacco Company) and Vogue (British American Tobacco).

The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the tobacco products market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Food and beverage manufacturers depend on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. Also, restrictions on trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the tobacco products market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.

World population is growing and is expected to reach 10 billion by 2050. Increase in population creates more demand for food. Trade volumes will have to increase in order to meet increased population. Therefore, companies in this market are expected to benefit from rising demand for tobacco products due to rising population, during the forecast period.