Cigarettes are one of the most widely used tobacco products in the world. They're a little cigar composed of shredded or ground tobacco wrapped in thin paper. The majority of cigarettes are made from a reconstituted tobacco product that includes recycled tobacco stems. According to consumer preferences, cigarettes were introduced in a range of shapes, sizes, colours, flavours, and intensities.
MARKET DYNAMICS
Consumer assumption that smoking lowers stress and anxiety, changing lifestyles, and ongoing product innovation in terms of flavour, size, ingredients, and nicotine dosage are some of the primary drivers driving the market's growth. There has been a rise in public knowledge about the health risks linked with smoking, which has slowed the market's growth. Furthermore, the market's growth is constrained by the availability of other smoking alternatives, such as e-cigarettes, which have fewer hazardous consequences.
MARKET SCOPE
The "Global Cigarettes Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the cigarettes market with detailed market segmentation by type and distribution channel. The global cigarettes market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cigarettes market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cigarettes market is segmented into type and distribution channel. By type, the cigarettes market is classified into regular, flavored. By distribution channel, the cigarettes market is classified into supermarkets and hypermarkets, convenience stores, online retail, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global cigarettes market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The cigarettes market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the cigarettes market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the cigarettes market in these regions.
MARKET PLAYERS
The report covers vital developments in the cigarettes market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the cigarettes market are anticipated to witness lucrative growth opportunities in the future with the rising demand for cigarettes in the global market. Below mentioned is the list of few companies engaged in the cigarettes market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cigarettes market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Pyxus International, Inc.
- Swedish Match AB
- Altria Group, Inc.
- Korea Tobacco & Ginseng Corporation
- Imperial Brands
- Philip Morris International
- British American Tobacco
- Japan Tobacco Inc.
- Scandinavian Tobacco Group
- ITC Limited