Global Tobacco Market 2014-2018 with China National Tobacco, BAT, Imperial Tobacco, Japan Tobacco & Philip Morris Dominating

Source from:  Business Wire 11/19/2014

Research and Markets has announced the addition of the "Global Tobacco Market 2014-2018" report to their offering.

The Global Tobacco market comprises three major segments: Cigarettes, Cigar and Cigarillos, and Others. Rising prevalence of smoking worldwide coupled with rising disposable income, and increase in female smokers is fueling the growth of the Global Tobacco market. China led the Global Tobacco market in 2013. However, increased demand for e-cigarettes is acting as a major threat to the traditional Cigarette market.

One key trend upcoming in the market is point of sale, which is one of the best methods of promoting brands and increasing sales by companies. The point of sale not only helps in enhancing brand awareness but also increases volume sales.

According to the report, the high demand from the Asia Pacific region is one of the major drivers of the market. The APAC region is the largest market for tobacco both in terms of revenue and volume. The APAC region is expected to dominate the market during the forecast period as well, with China as the leading contributor.

Further, the report states that illicit trade is one of the major challenges that the market faces. Illicit trade has increased the black marketing of cigarettes and deteriorated the quality of cigarettes, which not only hampers the image of companies, but also affects their sales. Enditem