Global Cigarette & Tobacco Manufacturing - Industry Market Research Report

Smoke Screen: Although Sales are Lower in Developed Countries, Manufacturers Have Maintained Revenue by Raising Prices<Br>

Producers in the Global Cigarette and Tobacco Manufacturing industry have contended with declining tobacco consumption in many developed countries worldwide. This has been the main threat to the industry's performance as awareness of the effects of tobacco consumption has intensified. Despite lower global volume sales in developed countries, tobacco manufacturers have maintained revenue growth by successfully raising prices on tobacco products. Furthermore, rising consumption in certain emerging markets has helped drive revenue and maintain increased profit. As a result, industry revenue is anticipated to grow at a CAGR of 0.9% to $569.2 billion over the five years to 2023, with revenue stagnating in 2023 as tobacco prices decline. Operators in the Global Cigarette and Tobacco Manufacturing industry manufacture cigarettes, cigars, smoking and chewing tobacco and other tobacco products, such as snuff, electronic cigarettes, vaporizers and bidis. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.