Tobacco Market Size, Growth, CAGR, Top Manufacturer and Forecast by 2028 | Cigarettes, Roll Your Own, Cigars, N. tabacum
Global tobacco market size reached 8.5 Million Tons in 2022 and expects the market to reach 9.3 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.45%.
BROOKLYN, NEW YORK, UNITED STATES, April 19, 2023 /EINPresswire.com/ -- According to IMARC Groupโs latest report, titled โ๐๐จ๐๐๐๐๐จ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐,โ the global tobacco market size1 reached 8.5 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 9.3 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.45% during 2023-2028.
Tobacco is a plant that belongs to the Solanaceae family and is widely used for smoking, chewing, or snuffing. It contains the addictive substance nicotine that is responsible for increasing blood pressure and raising heart rate. Dried tobacco leaves are primarily used in the production of cigarettes, cigars, and pipes. While being extremely popular, tobacco consumption is widely associated with adverse health and severe addiction in some cases.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐ ๐ ๐ซ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/tobacco-processing-plant/requestsample
Global Tobacco Market Trends:
The increasing number of smokers represents one of the key factors across the globe. In line with this, the continual launch of premium tobacco products, including flavoured, long and skinny, coloured, and e-cigarettes, by the manufacturers is contributing to the market growth. Moreover, rising health consciousness has led to the introduction of product variants with reduced level of toxicants. This is acting as a major growth-inducing factor. In addition to this, the easy availability of the product across distribution channels in various forms and often at affordable price point is also facilitating the product sales, thus driving the market growth. Other factors, such rising disposable income and consumer expenditure capacities, aggressive promotional activities undertaken by leading players, and extensive research and development (R&D), are creating a positive outlook for the market further across the globe.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=589&method=1
Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Top Manufacturers:
โข China National Tobacco Corporation
โข Phillip Morris International
โข British America Tobacco
โข Japan Tobacco International
โข Imperial Tobacco Group
Key Market Segmentation:
The report has categorized the tobacco market based on type and region.
Breakup by Type:
โข Cigarettes
โข Roll Your Own
โข Cigars
โข Cigarillos
โข Smokeless Tobacco
โข Others
Regional Insights:
โข China
โข India
โข Brazil
โข United States
โข EU 15
โข Others
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ฎ๐ฅ๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ & ๐๐ข๐ฌ๐ญ ๐จ๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ: https://www.imarcgroup.com/request?type=report&id=589&flag=C
Key Highlights of The Report:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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1 https://bit.ly/41C8IHY
2 https://bit.ly/3N0E1s5
3 https://bit.ly/3GV1kPT