Author: Elena Anderson, Marketing Manager |
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The latest report by IMARC, titled “ CigaretteMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecast2023-2028” finds that the global cigarette market size reached US$ 1,077.9Billion in 2022.
Cigarettes are paper-wrapped rolls of finely cut tobacco used for smoking. They are lit on one end and smoked, after which the users generally inhale the smoke into the lungs. Cigarettes are one of the most commonly consumed tobacco products. They contain an addictive central nervous system (CNS) and nicotine, offering an immediate sense of relaxation. In recent years, cigarettes have gained popularity as key players have introduced a wide range of products in various sizes, colors, flavors and shapes. Request Free Sample Report: https://www.imarcgroup.com/cigarette-manufacturing-plant/requestsample
One of the primary factors driving the market is the growing number of smokers due to the changing lifestyles and growing stress, especially among the working population globally. Other than this, some of the major raw materials used for producing cigarettes, such as cut tobacco, tobacco leaves, cigarette filter, cigarette paper, tipping paper, aluminum laminated paper, whiteboard, and glue, are significantly supplied by numerous market players worldwide, thus increasing the cigarette production. Besides this, the expanding disposable income levels of the masses and the calming neurological effects associated with the consumption of cigarettes are other factors attracting individuals to try cigarettes.
Furthermore, several leading manufacturers are launching innovative product variants, such as flavor-changing capsules and cigarettes with filters, and extensive research and development activities by key players are also creating lucrative growth opportunities for the key players operating in the industry. Looking forward, IMARC Group expects the market value to reach US$ 1,328.8 Billion by 2028, expanding at a CAGR of 3.48% during the forecast period (2023-2028).
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
TypeInsights:
• Light
• Medium
• Others
DistributionChannelInsights:
• Tobacco Shops
• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others
RegionalInsights:
• Asia Pacific (Excluding Australia)
• Eastern Europe
• Western Europe
• Middle East and Africa
CompetitiveLandscapewithKeyPlayers:
• China National Tobacco Corporation (CNTC)
• Phillip Morris International
• British America Tobacco
• Japan Tobacco International
• Imperial Tobacco Group
ViewFullReportwithTOC&ListofFigure:
https://www.imarcgroup.com/cigarette-manufacturing-plant
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