Global Cigarette Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com

2022-07-23 08:11:09 By : Ms. Stacy Zhang

DUBLIN, February 23, 2022--(BUSINESS WIRE)--The "Cigarette Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global cigarette market reached a value of US$ 1,040 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 1,291 Billion by 2027, exhibiting a CAGR of 3.6% during 2022-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Cigarettes represent one of the most popular tobacco products being consumed across the world. They are a small cigar made of a thin paper containing shredded or ground tobacco. Most of the cigarettes are produced with a reconstituted product of tobacco which include the recycled stems of tobacco. Earlier in the 9th Century, cigarettes were available in the form of reeds and smoking tubes. Later in the 1800s, Juan Nepomuceno Adorno developed cigarette making machines in Mexico. Gradually with time, cigarettes were introduced in a wide variety of shapes, sizes, colours, flavours and intensity as per the preferences of consumers. Currently, the demand for cigarettes is on a rise, particularly in developing regions such as Asia and Africa. This is due to increasing population and tax government regulations regarding the production of cigarettes.

Nowadays, there are different types of cigarettes available in the market such as filter cigarettes, menthol cigarettes, clove cigarettes, etc., providing the cigarette consumers a variety of options to choose between the products. Major raw materials required for the manufacturing of cigarette are tobacco leaves, cut tobacco, cigarette filter, tipping paper, cigarette paper, whiteboard, aluminium laminated paper and glue. There are large number of suppliers of these materials present in the market which is driving the production of cigarette.

Over the past few years, there has been an increase in the number of smokers across the globe. This is mainly the result of hectic and stressful lifestyles being led by the consumers which is currently catalysing the growth of the cigarette market.

In some of the developing regions, such as Asia Pacific, the disposable incomes of the consumers have been rising which creates several growth opportunities for the cigarette manufacturers to raise their product price and shift smokers onto the premium products.

Cigarette consumers in the rural areas of several developing regions like India, China, Pakistan, etc., traditionally prefer several tobacco products such as hukkah, beedi, etc. instead of cigarette. However, it has been observed that over the past few years, due to a rise in the awareness about the product, a large number of rural tobacco consuming population is shifting towards cigarette.

Key Questions Answered in this Report

1. What is the size of the global cigarette market?

2. What are the key factors driving the global cigarette market?

3. What has been the impact of COVID-19 on the global cigarette market?

4. What is the breakup of the global cigarette market based on the type?

5. What is the breakup of the global cigarette market based on the distribution channel?

6. What are the key regions in the global cigarette market?

7. Who are the key players/companies in the global cigarette market?

5.4 Market Breakup by Product Type

6.6 Market Breakup by Distribution Channel

6.11 Porter's Five Forces Analysis

6.12 Key Market Drivers and Success Factors

8 Market Breakup by Distribution Channel

10.2 Market Share of Key Players

11.3 Various Types of Unit Operations Involved

11.4 Mass Balance and Raw Material Requirements

12 Project Details, Requirements and Costs Involved

12.5 Raw Material Requirements and Expenditures

12.6 Raw Material and Final Product Pictures

For more information about this report visit https://www.researchandmarkets.com/r/hg72an

View source version on businesswire.com: https://www.businesswire.com/news/home/20220223006042/en/

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com

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