Europe Cigar and Cigarillos Market Is Projected to Reflect at 2.1% CAGR by 2024
Growth will be sluggish with PMR projecting a 2.1% CAGR in terms of volume through 2024. Availability of several affordable alternative tobacco products is negative influencing demand for cigars and cigarillos. Efforts such as government mandate to include statutory warning on tobacco packaging and youth outreach programmes are creating awareness among smokers. This, along with 'Quit Smoking' campaigns is expected to reduce the number of smokers, thereby influencing the market.
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