The emergence of heated
tobacco as a viable alternative mode of consumption has been a single greatest
driver in diluting (even partially) and potentially eventually dislodging the
combustible cigarette’s central position in the balance of tobacco and nicotine
consumption.
THE BUSINESS RESEARCH
COMPANY VALUED THE GLOBAL TOBACCO PRODUCTS MARKET AT $562 BILLION IN 2017
Asia Pacific was the largest region in the tobacco products
market in 2017, accounting for approximately half of the market share. This was
mainly due to the presence of a large population seeking tobacco products.
Read more: https://www.thebusinessresearchcompany.com/report/tobacco-products-global-market-report-2018
According to The Business Research
Company’s Consultant, Nitin Gianchandani, cigarette manufacturers are offering innovative cigarettes such as
smokeless cigarettes as an alternative to conventional cigarettes. Smokeless
cigarettes do not burn the tobacco; instead heat the tobacco just enough to
create a smokeless vapor that imparts the flavor of tobacco. Smokeless
cigarettes are less harmful and can also help people to quit smoking
altogether. For example, in 2016, Philip Morris International, the world’s
largest cigarette and tobacco company, launched iQOS smokeless cigarettes,
which produce 90-95% less harmful chemicals than traditional cigarettes. British American Tobacco (BAT) has invested
$1 billion in last 5 years for the development of smoke-free cigarettes.
Philip Morris International Inc. was the biggest player in the tobacco
products manufacturing market, with revenues
of $75 billion in 2016. Philip Morris
International Inc. doubled its investment in
its heated tobacco unit. They are rapidly expanding their capacity to
manufacture smoke-free products in order to meet growing demand from adult
smokers
The tobacco industry comprises establishments carrying
out stemming and redrying of tobacco and companies manufacturing cigarettes and
other tobacco products. E-cigarettes are not included in this industry.
Tobacco Products Global Market Report
2018 is a detailed report giving a unique insight into this market. The
report is priced at $6000 for an individual user. To use across your office,
the price is $9000 and $12000 if you wish to use across a multinational
company.
About The Business Research Company
Visit TheBusinessResearchCompany.com,
mail info@tbrc.info or call +447443439350 or
+918897263534 or +919160996838 for more information on this and many other
titles.
The Business Research Company is a
market research and intelligence company, which excels in company, market and
consumer research.
It has research professionals at its
offices in the UK, India and the US as well a network of trained researchers
globally. It has specialist consultants in a wide range of industries including
manufacturing, healthcare, chemicals and technology.
The Business Research Company's
management has more than 20 years of varied business research experience. They
have delivered hundreds of research projects to the senior management of some
of the world's largest organizations.
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Information
The Business Research Company
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