The tobacco is utilized in
manufacturing of cigar, cigarettes, smoking and chewing tobacco. It is also
used in manufacturing ‘snuff’ and ‘bidis’. The consumption of tobacco products
augmented globally during the economic slowdown due to the foreclosures,
downfall in the stock market and stress of layoffs that drove many people to
seek relief through smoking. However, the economic recovery eased the stress and
lessened the smoking undertaken for stress relief. Nonetheless, as per WHO
(World Health Organization) the growth in smoking rates particularly in the
emerging nations have exceeded the smoking rate declines in developed nations
that can be credited to health conscious lifestyles, growing excise taxes and
regulations. These factors are expected to drive the global tobacco products
market. The growing awareness among the health conscious population and
anti-tobacco drives held worldwide coupled with government supportive schemes
are hindering the market growth
To
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The tobacco products market has a
high level of capital intensity as the manufacturers utilize machinery to
automate the processes. The introduction of machines not only automates the
process but also improves the production efficiency. Growing automation and
mechanization has reduced the dependence on labor. However, the market is labor
intensive in the Asia Pacific countries such as Indonesia, China and India.
Some of the key manufacturers of this
industry includes, BAT (British American Tobacco Plc) and Imperial Tobacco
based in the UK while Philip Morris International based in the U.S. Companies
that dominate the domestic markets include Vietnam's National Tobacco
Corporation, Bulgaria's Bulgartabak, Thailand's Tobacco Monopoly, Egypt's
Eastern Tobacco, and Taiwan's Tobacco & Liquor Corp. Altria, Lorillard and
Reynolds American dominate the U.S. market.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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