The cigarette filters global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cigarette Filters Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cigarette filters market size has grown strongly in recent years. It will grow from $35.93 billion in 2023 to $38.45 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increasing health awareness, expansion of tobacco products, growing environmental concerns, rising disposable income, and increasing investment in research and development.
The cigarette filters market size is expected to see strong growth in the next few years. It will grow to $51.10 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growing demand for reduced harm products, rising use of activated charcoal filters, rising influence of smoking cessation programs, rising competition in the tobacco industry, and growing popularity of menthol cigarettes. Major trends in the forecast period include technological advancements, biodegradable filters, integration of activated charcoal, smart filters, and low-tar cigarettes.
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Scope Of Cigarette Filters Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cigarette Filters Market Overview
Market Drivers –
The increase in the number of cigarette smokers is expected to propel the growth of the cigarette filters market going forward. A cigarette smoker is an individual who habitually consumes cigarettes, which are small, tobacco-filled paper rolls that are smoked by inhaling and exhaling the resulting smoke. The increasing number of cigarette smokers is due to several factors, such as cultural influences, public policies, and socioeconomic conditions. Cigarette filters are integral to modern smoking habits, providing a combination of reduced harm, an improved smoking experience, and compliance with regulatory standards. For instance, in September 2023, according to the Office for National Statistics, a UK-based government department, around 6.4 million adults over 18 smoked cigarettes in 2022, accounting for 12.9% of the population. Therefore, an increase in the number of cigarette smokers is driving the growth of the cigarette filters market.
Market Trends –
Major companies operating in the cigarette filters market are focused on developing innovative products, such as plastic-free filters, to address environmental concerns and reduce the ecological impact of cigarette waste. A plastic-free filter is a cigarette filter made from biodegradable, natural materials instead of plastic, designed to minimize environmental impact by decomposing more easily and avoiding plastic pollution. For instance, in July 2024, Filtrona Pte Ltd., a Singapore-based manufacturer of cigarette filters, launched the ECO Tube Triple Carbon Filter, a new plastic-free filter for roll-your-own (RYO) cigarettes. This sustainable design delivers similar nicotine levels to current filters, provides a unique visual experience, and offers a clean post-smoking experience. The ECO Tube Triple Carbon Filter meets the EU Single Use Plastics Directive requirements, is biodegradable, and degrades more rapidly than filters made with cellulose acetate, achieving 90% biodegradation in 90 days. Compared to existing impregnated carbon paper filters, the ECO Tube Triple Carbon Filter has up to four times higher carbon loading capability.
The cigarette filters market covered in this report is segmented –
1) By Product Type: Disposable, Re-Usable
2) By Material: Cellulose Acetate, Activated Charcoals, Plastic, Other Materials
3) By Price Point: Premium, Medium, Economy
4) By Application: Premium Standard Cigarette, E-Cigarette
5) By Distribution Channel: E-Commerce, Business-To-Business (B2B) Distribution, Business-To-Consumer (B2C) Distribution, Other Distribution Channels
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Regional Insights –
Asia-Pacific was the largest region in the cigarette filters market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cigarette filters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the cigarette filters market are Imperial Brands plc, British American Tobacco, Altria Group Inc., Solvay S.A., Celanese Corporation, Eastman Chemical Company, Gudang Garam, Sappi Limited, KT&G Corporation, Daicel Corporation, Alliance One International Inc., Essentra plc, Miquel y Costas & Miquel S.A., Philip Morris International Inc., Nemuno Banga LLC, Japan Tobacco International, SWM International, Cerdia International GmbH, Shanghai Tobacco Group, TarGard Filters
Table of Contents
1. Executive Summary
2. Cigarette Filters Market Report Structure
3. Cigarette Filters Market Trends And Strategies
4. Cigarette Filters Market – Macro Economic Scenario
5. Global Cigarette Filters Market Size and Growth
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32. Global Cigarette Filters Market Competitive Benchmarking
33. Global Cigarette Filters Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cigarette Filters Market
35. Cigarette Filters Market Future Outlook and Potential Analysis
36. Appendix
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