Press Release
Press Release
Cigarette contains dried and crushed leaves of tobacco plant which are rolled in a thin paper for smoking. It is considered as highly addictive due to the presence of the primary psychoactive chemical, Nicotine. Cigarette currently represents the most popular and widely consumed form of tobacco, accounting for the majority of the market share. It is available in a wide range of shapes, sizes, colours and flavours.
Cigarette contains dried and crushed leaves of tobacco plant which are rolled in a thin paper for smoking. It is considered as highly addictive due to the presence of the primary psychoactive chemical, Nicotine. Cigarette currently represents the most popular and widely consumed form of tobacco, accounting for the majority of the market share. It is available in a wide range of shapes, sizes, colours and flavours.
Some of the preferred flavours include cloves, chocolate, menthol, mango, cherry, orange and mint. According to a new report by Expert Market Research, the global cigarette market witnessed a steady growth during 2024-2032, reaching a volume of USD 702.87 Billion in 2023. The market is further expected to reach USD 815.11 Billion by the year 2032.
Being regarded as one of the most lucrative markets, the cigarette industry, however, is experiencing significant changes in the prevalence and consumption patterns of cigarette around the world. Due to the growing awareness of inevitable health effects caused by both active and passive smoking of cigarette, its popularity has been decreasing in the developed regions. Whereas, the developing regions such as Asia and Africa are witnessing a healthy growth on account of increasing population, rising disposable incomes and lax government regulations. Consequently, tobacco companies are now focussing on these regions in order to increase their profitability.
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