Technavio Says Increased Focus on Developing Markets Will Propel the Global Cigarette Market Through 2019
August 27, 2015 | By Business Wire News
LONDON
Technavio has published a new report on the global cigarette market,which is expected to grow at a CAGR of nearly 6% from 2015-2019.
About the Report
As per the new market research report by Technavio, several cigarette and tobacco manufacturing companies like British American Tobacco (BAT), Philip Morris International (PMI), Imperial Tobacco Group (ITG) and Japan Tobacco International (JTI) have shifted their focus from developed countries to developing countries.
“The cigarette market is showing positive signs in the developing countries due to growing population and rising standards of living. Four of the 10 largest cigarette-consuming countries are in the APAC region, thus making it the fastest-growing region in this market,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also underlines product innovation, which are common in mature markets in order to sustain the curiosity and interest of consumers, and the cigarette market is no different.
“Many companies time and again introduce new variants of old products to encourage brand recognition among consumers,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global cigarette market from 2015-2019. In terms of value and volume, the market size was calculated taking into consideration the retail sales generated through the following distribution channels:
- Tobacconists
- Convenience stores
- Supermarkets and hypermarkets
- Others (gas stations, pubs, and hotels)
Key Information Covered in the Report:
- Key Vendors:
- CNTC
- PMI
- BAT
- JTI
- ITG
- Market Growth Drivers:
- Increased focus on developing markets
- For a full detailed list, view our report.
- Market Challenges:
- Governmental restrictions
- For a full detailed list, view our report.
- Market Trends:
- Product innovations
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the e-cigarette market:
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150827005039/en/
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1-630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com
