Tobacco Products Market is Gaining Traction Worldwide by Major Vendors: Republic Group,Korea Tobacco & Ginseng Corporation,Alliance One International,Universal Corporatio,Gallaher Group Plc and more

The report provides in-depth insights on Tobacco Products Market. It also provides detailed information about the major factors, such drivers, restraints, opportunities, and challenges influencing the growth of the market, along with an analysis of micro markets with respect to individual growth trends, growth prospects, and their contribution to the market.

Market insights:
India is the second largest producer and third largest exporter of tobacco in the world. The tobacco industry provides employment to ~46 Mn people. With the evolving facilities provided by the Tobacco Board of India, the market has recorded a total (manufactured and unmanufactured tobacco) export of INR 60.84 Bn in FY 2018. 

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Segment-wise market insights:
In India, tobacco is harvested mainly in two forms—cigarette tobacco and non-cigarette tobacco. During 2017-2018, non-cigarette tobacco alone had a ~69% market share. Manufacture of cigarette tobacco has significantly reduced, globally, leading to an increase in the sale of non-cigarette tobacco.

Based on consumption, khaini constituted ~11%, and beedi and cigarette had a market share of ~8%. Usage of smoking mediums like hookah, hookli, chhutta, dhumti and chillum, along with edible tobacco like mawa, snuff, gutka, and pan masala have led to the growth of this market. 

Considering the consumption-tax revenue ratio of the overall segment of smoked tobacco, legal cigarettes account for ~10% of consumption and ~86% of tax revenues. This implies that even though smokeless tobacco has the highest rate of consumption, more revenue is earned from legal cigarettes. Tobacco, despite it triggering addiction and intoxication, is consumed significantly by Indians, especially in the form of smokeless tobacco.

This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
Republic Group
Korea Tobacco & Ginseng Corporation
Alliance One International
Universal Corporation
Gallaher Group Plc
Century Tobacco
ARD Filters
Gulbahar Tobacco
BMJ Industries
Oriental
Al Matuco Tobacco Company
Kaane American International Tobacco
China National Tobacco Corporation
Philip Morris International
Imperial Tobacco Group
Altria
British American Tobacco
Reynolds
Japan Tobacco International

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Cigarette
Cigar
Other

By Application, the market can be split into
Household
Commercial

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This release was published on openPR.