Albany, NY -- (SBWIRE) -- 10/19/2012 -- The study contains trend analysis, market size and forecast, industry growth as well as market share of the key competitors. The report covers market by major geographies that include the U.S., Europe, Asia and ROW (rest of the world) and the product segments that include Cigarettes, Cigars, Stemmed and re-dried tobacco, Chewing tobacco and Snuff.
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The global consumption of cigarette is expected to grow modestly in next few years mainly because of increasing population worldwide and rising income levels. The economy and mid-priced brands are relatively doing better than premium brands. Packaging players are also playing a very important role in the growth of cigarettes and cigar products. In the developed economies, tobacco-based product consumption has been falling for last few years, because of rising awareness about the health risks, however, in developing economies, like China and India growth remained positive.
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