Tobacco is a plant within the genus Nicotine of the Solanaceae family. The dried leaves of tobacco are primarily smoked in cigars, cigarettes, flavoured shisha tobacco and pipe tobacco by the population across the world. During 2014-2018, the global tobacco production grew at a CAGR of around 2%and is expected to exhibit a steady growth during 2019-2024. The market is currently being driven by increasing number of tobacco consumers in emerging countries. This report by Expert Market Research entitled “Tobacco Market Report and Forecast 2019-2024” provides a comprehensive analysis for anyone who plans to foray into the tobacco market.
Historical market trends for the global tobacco industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global tobacco market into the following major countries – China, Brazil, the Unites States and India. China currently represents the largest producer. On the basis of the product type, the global tobacco market has been segmented as cigarettes, roll your own, cigars, cigarillos and others.
The value chain analysis of the tobacco industry has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the tobacco industry has also been provided. Some of the key players in this market include China National Tobacco Corporation, Phillip Morris International, British America Tobacco, Japan Tobacco International and Imperial Tobacco Group.
This report provides an exhaustive insight for setting-up and running a tobacco processing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global tobacco market?
- Which are the biggest markets (regions) for tobacco?
- What are the major types of tobacco? Which are the most popular?
- Who are the key players in the tobacco market?
- What are the land and construction requirements to start a tobacco processing plant?
- What are the machinery requirements to start a tobacco processing plant?
- How is tobacco priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a tobacco processing plant?
- What are the running costs of a tobacco processing plant?
- How much revenue can a tobacco processing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the tobacco industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.