The new report by Expert Market Research titled, 'Global Tobacco Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026', gives an in-depth analysis of the global tobacco market, assessing the market based on its segments like product types and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.

Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/tobacco-market/requestsample

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

The key highlights of the report include:

Market Overview (2015-2025)

• Historical Market Size (2019): 9 Million Tons

• Forecast CAGR (2020-2025): 3.4%

• Forecast Market Size (2025): 11 Million Tons

The global tobacco market is being driven by the increasing consumption of tobacco by the youth and female population. The tobacco industry has gained popularity owing to changing lifestyles, flavour enhancements, rising disposable income, and availability of products in superior quality. Strategic marketing and consumer-targeted packaging have played a major role in appealing to the target audience and increase the market growth. Over the forecast period, flavoured tobacco products, such as cigars, cigarettes, smokeless tobacco, and related products, are expected to further propel the market growth.

Read Full Report with Table of Contents - https://www.expertmarketresearch.com/reports/tobacco-market

Industry Definition and Major Segments

Tobacco is the common name for plants belonging to the Nicotiana genus and the Solanaceae family. The tobacco leaves are used for smoking in cigars and cigarettes. There are more than 70 species of tobacco plants known around the world.

On the basis of product type, the industry is divided into:

• Cigarettes

• Roll Your Own

• Cigars

• Cigarirolls

• Others

The regional markets for tobacco include:

1 North America

1.1 United States of America

1.2 Canada

2 Europe

2.1 Germany

2.2 United Kingdom

2.3 France

2.4 Italy

2.5 Others

3 Asia Pacific

3.1 China

3.2 Japan

3.3 India

3.4 ASEAN

3.5 Others

4 Latin America

4.1 Brazil

4.2 Argentina

4.3 Mexico

4.4 Others

5 Middle East & Africa

5.1 Saudi Arabia

5.2 United Arab Emirates

5.3 Nigeria

5.4 South Africa

5.5 Others

Read Latest News on Tobacco Market@ https://www.expertmarketresearch.com/pressrelease/global-tobacco-market

Market Trends

The market is being driven by the marketing strategies of tobacco companies, availability of varied flavours of cigarettes and other social and cultural factors. China currently represents the largest producer. The growth in tobacco products, such as cigars and cigarettes, is greatly shaped by factors such as increased per capita income and people's emphasis on lifestyle change trends. High-income growth combined with high-income elasticity has also increased tobacco consumption in populous countries such as China, India, and Brazil. Over the last few years, awareness of the health hazards associated with smoking has increased, thus, limiting the growth of the market. Also, strict regulations in developed countries have further restricted the market growth.

Key Market Players

The major players in the market are China National Tobacco Corporation, Phillip Morris International (NYSE: PM), British America Tobacco (NYSE: PM), Japan Tobacco International (OTCMKTS: JAPAY), Imperial Tobacco Group (OTCMKTS: IMBBY), India Tobacco Company Limited (NSE: ITC), Gudang Garam (OTCMKTS: GGNPF), Lorilard, Reynolds American (LON: RAI), and KT&G. (KRX: 033780) The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

Read More Reports:

Global Spiced/Flavoured Rum Market Report and Forecast 2021-2026 by Expert Market Research: https://bit.ly/3ahblYm

Global E-Cigarette Market Report and Forecast 2021-2026 by Expert Market Research: https://bit.ly/34n8r0v

United States E-Cigarette and Vape Market Report and Forecast 2021-2026 by Expert Market Research: https://bit.ly/34nGjdn

India Pan Masala Market Report and Forecast 2021-2026 by Expert Market Research: https://bit.ly/38cIQbD

Global Tobacco Market Report and Forecast 2021-2026 by Expert Market Research: https://bit.ly/3an0vQz

Global Cigarette Market Report and Forecast 2021-2026 by Expert Market Research: https://bit.ly/34n8vxh

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research

Contact Person: Matt Johnson, Corporate Sales Specialist - U.S.A.

Email: sales@expertmarketresearch.com

Toll Free Number: +1 (650) 761-6200 | +44 7441 392205

Address: 30 North Gould Street, Sheridan, WY 82801, USA

City: Sheridan

State: Wyoming

Country: United States

Website: https://www.expertmarketresearch.com