The tobacco is
utilized in manufacturing of cigar, cigarettes, smoking and chewing
tobacco. It is also used in manufacturing ‘snuff’ and ‘bidis’.
The consumption of tobacco products augmented globally during the
economic slowdown due to the foreclosures, downfall in the stock
market and stress of layoffs that drove many people to seek relief
through smoking. However, the economic recovery eased the stress and
lessened the smoking undertaken for stress relief. Nonetheless, as
per WHO (World Health Organization) the growth in smoking rates
particularly in the emerging nations have exceeded the smoking rate
declines in developed nations that can be credited to health
conscious lifestyles, growing excise taxes and regulations. These
factors are expected to drive the global tobacco products market. The
growing awareness among the health conscious population and
anti-tobacco drives held worldwide coupled with government supportive
schemes are hindering the market growth
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Research Report of Tobacco Products Market :
The tobacco products
market has a high level of capital intensity as the manufacturers
utilize machinery to automate the processes. The introduction of
machines not only automates the process but also improves the
production efficiency. Growing automation and mechanization has
reduced the dependence on labor. However, the market is labor
intensive in the Asia Pacific countries such as Indonesia, China and
India.
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Some of the key
manufacturers of this industry includes, BAT (British American
Tobacco Plc) and Imperial Tobacco based in the UK while Philip Morris
International based in the U.S. Companies that dominate the domestic
markets include Vietnam's National Tobacco Corporation, Bulgaria's
Bulgartabak, Thailand's Tobacco Monopoly, Egypt's Eastern Tobacco,
and Taiwan's Tobacco & Liquor Corp. Altria, Lorillard and
Reynolds American dominate the U.S. market.
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This research report
analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under
this research report include
North America
Asia Pacific
Europe
Rest of the World
This report
provides comprehensive analysis of
Market growth
drivers
Factors limiting
market growth
Current market
trends
Market structure
Market projections
for upcoming years
This report is a
complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the
coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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