Research Expert: Sarah Overall
  • Published: Jun 2025
  • Pages: 150
  • SKU: IRTNTR70524

  • Latest News- Tobacco Market: Offline is expected to lead the Distribution Channel segment during 2025-2029

    The Tobacco Market is being driven by Increasing number of new product launches

    The Tobacco Market is expected to grow at a CAGR of 4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 192.8 billion. Since the onset of 2020, notable tobacco market players have engaged in mergers and acquisitions, with a strategic focus on acquiring small, pure-play vendors in the tobacco industry. This trend is driven by the vendors' intent to penetrate emerging tobacco product markets and bolster their market presence and share. One significant instance occurred in July 2024, when Philip Morris International Inc. announced the acquisition of Nicoventures Technology BV, a Dutch producer of nicotine pouches and vaping products. This acquisition is expected to fortify PMI's smoke-free product portfolio and propel its transition into a leading smoke-free products company. 

    Get more information on Tobacco Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Distribution Channel
      • Offline
      • Online
    • Product
      • Combustible tobacco products
      • Smokeless tobacco products
    • Packaging Type
      • Paper
      • Paper Boxes
      • Plastic
      • Jute
      • Others
    • Geography
      • APAC
        • China
        • India
        • Japan
      • Europe
        • Germany
        • UK
        • France
        • Italy
      • North America
        • Canada
        • US
      • Middle East and Africa
        • Egypt
      • South America
        • Brazil
        • Argentina

    According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

    • Increasing number of new product launches
    • Rising demand for cigars and smoking tobacco products
    • Increasing number of organized retail outlets selling tobacco products

    However, the market also witnesses some limitations, which are as follows:

    • Stringent regulations on tobacco industry
    • Negative effect on health
    • Increasing popularity of substitutes

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    Market Scope in Tobacco Market Research Report

    Market Scope

    Report Coverage

    Details

    Page number

    197

    Base year

    2024

    Historic period

    2019-2023

    Forecast period

    2025-2029

    Growth momentum & CAGR

    Accelerate at a CAGR of 4%

    Market growth 2025-2029

    USD 192.8 billion

    Market structure

    fragmentation

    YoY growth 2024-2025(%)

    3.8

    Key countries

    US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, Rest of World (ROW), China, Germany, Japan, US, France, India, UK, UAE, Brazil, and Canada

    Competitive landscape

    Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

    Find out which segment is leading the market by accessing the free PDF report

    Research Analysis Overview

    The Tobacco Products market, including Electronic Cigarettes, caters to a global consumer base, according to Industry ARC. New product ranges, such as Next-Generation Products (NGPs) like Nicotiana species in Paper Boxes, are driving market growth. Per person revenue from Smokeless Tobacco and traditional Tobacco consumption continues to increase, reaching billions for the total population.

    Market Research Overview

    The Tobacco Products market encompasses vendors engaged in the production and packaging of various tobacco products, such as rustica tobacco, cigars wrapped in tobacco leaves, chewing tobacco, and electronic cigarettes. According to Technavio, the market's size is determined by the consolidated revenue generated by these vendors. The market does not encompass manufacturers of tobacco processing equipment or producers of alcoholic and non-alcoholic beverages, including mineral waters. The growth of the Tobacco Products market will be fueled by several factors, including the health benefits linked to the consumption of certain tobacco products, such as Nicotiana rustica, which is known to contain higher levels of nutrients compared to other tobacco varieties. Effective marketing campaigns and the increasing popularity of alternative tobacco products, like electronic cigarettes, will also contribute to market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


    Contacts

    Technavio Research
    Jesse Maida
    Media & Marketing Executive
    US: +1 844 364 1100
    UK: +44 203 893 3200
    Email: media@technavio.com
    Website: www.technavio.com/

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