Press Release

Europe Cigarette Market to Reach About USD 163.37 Billion by 2032, Aided by the Growing Cost-Effectiveness of Cigarettes

Europe Cigarette Market

According to a new report by EMR titled, ‘Europe Cigarette Market Report and Forecast 2024-2032’, the Europe cigarette market attained a value of nearly USD 127.45 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 2.8% to reach a valuation of about USD 163.37 billion by 2032.

The growing cost-effectiveness of cigarettes, coupled with the expansion of their distribution channels, is fuelling the market growth in Europe. The increasing number of daily smokers, especially men, is also propelling the demand for cigarettes. As smoking is a significant social activity in various European countries such as France and Greece, among others, the demand for cigarettes is rising. 

 

Leading cigarette companies are increasingly targeting young consumers and women as their significant consumers, which is expected to propel the market. Moreover, the use of premium and aesthetic packaging of cigarettes is surging the appeal among women. This is likely to drive the market growth in the forecast period. 

 

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The leading companies in the market include Philip Morris International Inc. (NYSE: PM) and Continental Tobacco Corporation. The latter implemented an investment of about HUF 10 billion in its factory at Sátoraljaújhely in September 2021. The investment would enable the company to build an 1800 square feet 3-storey factory hall. 

 

As a part of the investment, the company would also establish a technologically advanced plant with extended capacity and modernised techniques for the primary processing of tobacco. 

 

Moreover, on the third level, a new area would be available for secondary equipment like cigarette-making machines with laser perforation technology and spiral overlapping and cigar-making machines. With the investment, the company would boost its production of tobacco products and enhance its presence in both Hungary and other European countries. This is surging the manufacturing of cigarettes in Europe.

 

Market Analysis by Type, Age Group, Distribution Channel, and Country:

  • The market, on the basis of type, can be divided into light and mild, among others.
  • Based on age group, the market can be divided into 15-24 years, 25-44 years, 45-64 years, and 65 years and above.
  • The distribution channels in the regional market include tobacco shop, supermarket and hypermarket, convenience stores, and online store, among others.
  • The major regional markets include the United Kingdom, France, Germany, and Italy, among others.

 

Key Findings of the Report:

  • The growing consumption of cigarette among the young population is driving the market growth in Europe.
  • The Europe market is being aided by the increasing demand for premium cigarettes and their surging manufacturing in the region.
  • The growing working population with hectic lifestyles, increasing launches of women-targeted cigarettes, and innovations in packaging, flavouring, and packaging of cigarettes are invigorating the market development in Europe.
  • The cost-effectiveness of cigarettes and the development of cigarettes with varied tastes are bolstering the market growth.

 

Key Offerings of the Report: 

  • The EMR report gives an overview of the Europe market for cigarette for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, age groups, distribution channels, and major countries of cigarette in Europe Cigarette market.
  • It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.
  • The market report also analyses the trade data by covering the major importing and exporting countries.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the Europe cigarette market are Philip Morris International Inc., JT International SA, British American Tobacco p.l.c., Imperial Brands PLC, Bulgartabac-Holding AD, and Continental Tobacco Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

 

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

 

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

 

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER