Press release
Tobacco Market Anticipated to Generate a Revenue of $901,361.8 Million by 2028
Tobacco Market
Press Release:
As per analysis by Research Dive, the global tobacco market is estimated to be valued at $901,361.8 million by 2028, surging from $744,167.80 million in 2020, at a healthy CAGR of 2.5%.
Request Sample Report @ https://www.researchdive.com/download-sample/8426
Tobacco Market Analysis
Drivers: Inclination of people towards smoking and consumption of tobacco products like cigars likely to flourish the tobacco market during the forecast period. As the lifestyle has changed drastically, many people across the world face performance pressure, high stress, anxiety, and depression due to which they are inclined towards consuming tobacco, especially smoking cigarettes as they believe smoking might help them in managing their stress level. This factor is projected to accelerate market growth in the coming years.
Restraints: Strict government regulations and policies regarding the marketing of tobacco products are likely to decrease the revenue of the tobacco market in the forecast period. Also, inclination of people towards healthy lifestyle after being aware of harmful effects of tobacco, is likely to restrict the market growth in the future.
Opportunities: Major tobacco manufacturing companies are developing an alternative line of tobacco products, such as e-cigarettes which are considered less harmful for consumer's health as compared to the traditional tobacco products. Such factors are likely to drive excellent opportunities for the tobacco market in the coming future.
Request Customization @ https://www.researchdive.com/request-for-customization/8426
Impact Analysis of COVID-19 on the Market
The COVID-19 pandemic had a negative impact on the tobacco market. The healthcare professionals have highlighted that tobacco consumption is likely to increase the risk of COVID-19 infection in people. This factor is likely to impede market growth in the future. Moreover, due to travel restrictions and complete lockdown, the stores and shops were closed and therefore, the sale of tobacco products were hampered, negatively impacting the sales of tobacco products.
Segments of the Market
The report has divided the global tobacco market into product, sales channel, and region.
Based on product, the cigar & cigarillos sub-segment is predicted to have the fastest growing market share in the global market and is projected to register a revenue of $42,057.70 million by 2028. This growth is attributed to the launch of flavored cigar products in the market by the companies.
Based on the sales channel, the store-based retailing sub-segment is projected to have the dominating market share and it is projected to reach $826,183.20 million by 2028. This growth is because most people find it convenient to buy tobacco products from the shops rather than online.
Based on region, the Asia-Pacific tobacco market accounted for $359,433.10 million in 2020 and is projected to register a revenue of $453,385.00 million by 2028. The growth is projected to the increasing population in the low- and middle-income countries like India and inclination of millennials towards the tobacco products.
Purchase Enquiry @ https://www.researchdive.com/purchase-enquiry/8426
Key Market Players
The prominent players of the tobacco market are British American Tobacco, Japan Tobacco International, China Tobacco International, Altria Group, Imperial Brand Plc., ITC Group, Phillip Morris International, Swedish Match, and Universal Corporation. These players are developing different strategies like product development, mergers & acquisitions, partnerships and collaborations to gain a leading position in the market.
The report also summarizes many crucial aspects of the baby monitor market including SWOT analysis, latest strategic developments, financial performance of the key players, and product portfolio.
Latest Reports in Consumer Goods Industry
Tamper-proof Safety Bag Market - https://www.researchdive.com/8381/tamper-proof-safety-bag-market
Sports Betting Market - https://www.researchdive.com/8425/pepper-spray-market
๐๐จ๐ง๐ญ๐๐๐ญ:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
Toll Free: 1-888-961-4454
E-mail: support@researchdive.com
Website: https://www.researchdive.com
๐๐๐จ๐ฎ๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ข๐ฏ๐:
Research Dive is a market research firm offering actionable insights and extensive analysis of various markets across different verticals. Maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Tobacco Market Anticipated to Generate a Revenue of $901,361.8 Million by 2028 here
News-ID: 3594594 • Views: โฆ
More Releases from Research Dive
Electronic Data Management Market Expected to Rise Progressively by 2031 Due to โฆ
The global electronic data management market is expected to witness significant growth by 2031, owing to the rising applications of electronic data management in the industrial sector. The North America region was the most dominant in 2021.
As per the report published by Research Dive, the global electronic data management market is projected to garner a revenue of $19,289.5 million and rise at a stunning CAGR of 12.2 % duringโฆ
Gastric Cancer Market Predicted to Make a Strong Comeback after the Pandemic Deb โฆ
The global gastric cancer market is predicted to observe significant growth by 2031, owing to the increasing pervasiveness of gastric cancer among people worldwide. The Asia-Pacific region generated the highest market share in 2021.
As per the report published by Research Dive, the global gastric cancer market is envisioned to garner a revenue of $10,737.00 million and grow at a fascinating CAGR of 17.9% over the estimated timeframe fromโฆ
Off Grid Solar Market to Exhibit 12.3% CAGR and Generate $5,825.80 Million by 20 โฆ
As per the report published by Research Dive, the global off grid solar market is predicted to generate a revenue of $5,825.80 million and grow at a stunning CAGR of 12.3% during the analysis timeframe from 2022 to 2031.
The global off grid solar market is predicted to witness prominent growth by 2031, owing to the increasing demand for electricity independence across the globe. The Asia-Pacific region garneredโฆ
Roofing Materials Market to Garner a Revenue of $186.7 Billion and Exhibit a 4.3 โฆ
As per the report published by Research Dive, the global roofing materials market is expected to register a revenue of $186.7 billion by 2031, at a CAGR of 4.3% during the forecast period 2022-2031.
The global roofing materials market is expected to grow primarily due to the growing need for waterproofing roofing materials. Re-roofing sub-segment is expected to flourish immensely. The Asia-Pacific region is predicted to grow at a highโฆ
More Releases for Tobacco
Hookah Tobacco Market Scenario: What strengthening In Key Areas| Haze Tobacco, U โฆ
Latest Study on Industrial Growth of Global Hookah Tobacco Market 2023-2029. A detailed study accumulated to offer the Latest insights about acute features of the Hookah Tobacco market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trendsโฆ
Narghile Tobacco Market Trends, Insights to 2028 | Starbuzz, Eastern Tobacco, Cl โฆ
Latest Study on Industrial Growth of Narghile Tobacco Market 2023-2029. A detailed study accumulated to offer Latest insights about acute features of the Narghile Tobacco market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developmentsโฆ
Tobacco Products Market Shaping From Growth To Value | Imperial Tobacco, Gulbaha โฆ
The Latest survey report on COVID-19 Outbreak-Global Tobacco Products Market sheds lights on changing dynamics in Food & Beverages Sector and elaborates market size and growth pattern of each of COVID-19 Outbreak- Tobacco Products segments. As the shift to value continues, the producers are tackling challenges to personalized nutrition and match taste profiles. A wide list of manufactuerers were considered in the survey; to include mix bag of leaders andโฆ
Top Trends in Tobacco and Anti-Smoking Products Market | Phillip Morris, British โฆ
A new research document is added in HTF MI database of 41 pages, titled as 'Top Trends in Tobacco and Anti-Smoking Products 2020' with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like Inperial Tobacco, KT&G, Sweedish Match, Juul etc. and important players/vendors such as North America, Europe, Asia-Pacific, South America, Middle East and Africa. The Study will help you gain market insights,โฆ
Shisha Tobacco Market Distribution Channel with Current Trend 2019: Fumari, INC, โฆ
Global shisha tobacco market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of shisha tobacco market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
This report studies the Global Shisha Tobacco Market size, industry status and forecast,โฆ
Advanced Technologies| Smoking Tobacco in Denmark, 2019: STGD, Mac Baren Tobacco โฆ
Researchmoz added Most up-to-date research on "Smoking Tobacco in Denmark, 2019" to its huge collection of research reports.
Smoking Tobacco in Denmark, 2019
Summary
"Smoking Tobacco in Denmark, 2019", is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the Danish tobacco market. It covers market size and structure along with per capita and overall consumption. Additionally, it focuses on brand data, retail pricing, prospects,โฆ
