The tobacco industry comprises establishments carrying out stemming and re drying of tobacco and companies manufacturing cigarettes and other tobacco products. E-cigarettes are not included in this industry.
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The tobacco products market has shown slow growth in the past years with a CAGR of over 1%. The year 2017 recorded highest ever growth in this market as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the tobacco products manufacturing market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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The tobacco products market in Western Europe declined at a CAGR of around -2% by 2017; this region is expected to decline at a CAGR of around -1.5% by 2021. This was mainly due to stringent government regulations, high taxes on tobacco products leading to high prices, increasing use of alternative products such as e-cigarettes, and rising concerns about ill effects of tobacco on health.
Companies included in the report are Philip Morris International Inc, Imperial Tobacco, Altria Group Inc, British American Tobacco, and Japan Tobacco Inc.
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