The Business Research Company’s latest report Tobacco Products Global Market Report 2020 covers Tobacco Products market drivers, Tobacco Products market trends, Tobacco Products market segments, Tobacco Products market growth rate, Tobacco Products market major players, and Tobacco Products market size. The report provides in-depth analysis of the impact of COVID-19 on the Tobacco Products industry, along with revised market numbers due to the effects of the coronavirus.
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Tobacco Products Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global tobacco products market is expected to decline from $270.9 billion in 2019 to $268.8 billion in 2020 at a compound annual growth rate (CAGR) of -0.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 4% from 2021 and reach $298.4 billion in 2023.
The global tobacco products market is segmented by type into cigarettes, cigars and cigarillos manufacturing, smoking and other tobacco products manufacturing, by distribution channel into supermarkets/hypermarkets, convenience stores, e-commerce, others, by product type into combustible tobacco, smokeless tobacco. Subsegments covered are cigarettes, cigars and cigarillos, chewing tobacco, snuff tobacco, other smokeless tobacco, loose tobacco.
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