Fast Market Research announces the availability of the new TechNavio report, "Global Cigarette Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 08/20/2015 -- Cigarette is considered to be one the most popular methods of smoking across the globe. It gained popularity back in 1880s with the introduction of cigarette producing machine and through various wars such as the Crimean War. However, in the modern era cigarettes are available in various sizes, flavors, as well as colors that attracts both smokers and potential smokers.
Technavio's analysts forecast the global cigarette market 2015-2019 to grow at a CAGR of 5.53% and 2.18% based on value and volume respectively for 2015-2019.
Commenting on the report, an analyst from Technavio's team said: "Product innovations are common in mature markets in order to sustain the curiosity and interest of consumers, and the cigarette market is no different. Many companies time and again introduce new variants of old products to encourage brand recognition among consumers. For instance, Camel Crush, a cigarette brand, introduced cigarettes with built-in capsules that, when crushed, produce a menthol flavor. Similarly, in 2012, Marlboro also introduced capsule cigarettes under the name of Marlboro NXT."
Get More Details on this Report and a Full Table of Contents at Global Cigarette Market 2015-2019
According to the report, numerous consolidations from TTCs drive the market. As of 2013, approximately 80% of the total market was controlled by only a few players. Constant consolidation is an important factor driving the market, as this enables international players to stay ahead of local players. Moreover, consolidations are needed right now, especially in mature markets like the US, to ensure company diversification and enable them to introduce innovations in the market in terms of flavors, packaging, and products and thereby sustain long-term growth.
Further, the report states that governmental restrictions are often responsible for the slowdown in cigarette consumption.
The key players in the Global Cigarette Market are Philip Morris International, British American Tobacco, Japan Tobacco International and Imperial Tobacco Group while other prominent vendors include ITC, Karelia Fine Tobaccos, Carnilinx Tobacco Company, ntc industries and Golden Tobacco
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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