Heat-not-burn (HNB) products are products which heat up tobacco by using a battery-powered heating system. The product is inhaled by the user via the mouth. The product contains an extremely addictive material i.e. nicotine. HNB products also have non-tobacco extracts. They are usually flavored. Several types of HNB products are available in the market. A few examples include products that use loose-leaf tobacco, such as Ploom and PAX, and tobacco sticks, such as IQOS and glor. Heat-not-burn products are also called heated tobacco products or non-combusted cigarettes.
MARKET DYNAMICS
Increase in adoption of technologically advanced cigarettes is likely to boost the global heat-not-burn products market in the near future. Users are becoming health conscious and increasingly sophisticated, with rising purchasing power. They are capable of differentiating between various brands. The heating process produces a flavorful nicotine with vapor. While the tobacco does not burn, intensity of harmful chemicals is considerably reduced compared to traditional cigarette smoke. With the increase in demand and the increasing awareness of health concerns, the HNB tobacco market is growing rapidly across the globe. The market is witnessing the introduction of innovative products to drive the sale as end-users are looking for enhanced smoking experience.
MARKET SCOPE
The "Global Heat Not Burn Product Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the heat not burn product market with detailed market segmentation by tobacco type, device type, component and geography. The heat not burn product market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading heat not burn product market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Heat Not Burn Product Market is segmented on the basis of tobacco type, device type and component. On the basis of tobacco type the market is segmented into tobacco stick and loose-leaf tobacco. On the basis of device type the market is segmented into direct & indirect heating and infused/hybrid systems. On the basis of components the market is segmented into tobacco sticks, holders, chargers and other accessories.
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 heat not burn product market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The heat not burn product 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 heat not burn product market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 heat not burn product market in these regions.
MARKET PLAYERS
The reports cover key developments in the heat not burn product 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from heat not burn product market are anticipated to lucrative growth opportunities in the future with the rising demand for heat not burn product in the global market. Below mentioned is the list of few companies engaged in the heat not burn product market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the heat not burn product market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
British American Tobacco Plc
Imperial brands plc
JT International AG
KT&G Corp.
PAX Labs, Inc.
Philip Morris International Inc
Shenzhen Royal Tobacco Industrial Limited
Shenzhen Avbad Technology Co. ,Ltd
Vapor Tobacco Manufacturing LLC dba 3T Organic
Cannabis Technology House
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