The global roll-your-own tobacco product market was valued at USD 7.50 billion in 2020 and is expected to grow at a CAGR of 4.3% during the forecast period. Growing preference towards hand-made cigarettes, popularity among low-income groups, and fewer regulations, in comparison to factory-made cigarettes, are the key factors responsible for the roll-your-own tobacco product market growth.
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Handmade cigarettes are less costly and are subjected to low taxation and preferred choice among millennials and financially stressed income groups. Over the past few years, it is being observed that roll-your-own product’s consumption has been increasing in the developed economies. Moreover, handmade cigarettes are believed to be less harmful in comparison to factory-based cigarettes. The same trend has also boosted the market growth for roll-your-own tobacco product.
该市场主要基于产品,分销渠道和地区进行分段。
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Ryo市场分部占2020年的最大收入份额。如此高的份额归因于Ryo烟草的越来越受欢迎,因为普遍认为需要滚动卷烟来减少吸烟,并避免掺杂有毒化学品过滤的香烟。大多数消费者认为Ryo香烟的危害不如自然所产生的那么有害。此外,轧制烟斗袋和纸张比工厂制造的香烟便宜。
The filter & paper tip segment in roll-your-own tobacco product industry is expected to register a lucrative growth rate over the assessment period. Smokers all over the globe are increasingly using filters to decrease the consumption of tar and harmful chemicals.
Manufactures in the market for roll-your-own tobacco product are introducing eco-friendly and innovative filters to increase the flavor of cigarettes to expand their consumer base. For instance, in December 2019, Karma Filter tips company introduced environment-friendly filter tips. These are 100% bio-degradable products and improves the smoking experience.
In 2020, the offline market segment accounted for the largest revenue share. The segment includes liquor stores, supermarkets, pharmacies, convenience stores, grocery stores, and newsstands. Companies are actively using their retail distribution network to reach their customers, through innovative advertisements, and promotions. Moreover, authentic, and natural tobacco manufactures are located in distressed populated areas, where there is a significant number of low-income groups.
预计在线渠道将在研究期间见证卷眼的烟草产品的最快市场增长。千禧一代的上升和在线门户网站的出现主要负责这种高增长。此外,增加了基于应用的卖家和送货服务,还促进了年轻和强调消费者之间的产品的吸收。因此,越来越多的在线渠道,加上繁忙和久坐的生活方式是必然会增加对滚动你自己的烟草产品行业的需求。
Europe roll-your-own tobacco product industry accounted for the largest revenue share of the global roll-your-own tobacco product market. The high smoking rate among males and females, luxury lifestyle, and high disposable income among consumers are responsible for the region’s market growth for roll-your-own tobacco product.
According to the market statistics published by the WHO, in 2018, the average smoke rate in the region stood at 28.7%, the highest among all the regions. Moreover, the factory-based cigarette industry in the UK, in past few years, is on the decline and consistent rise in demand for RYO tobacco products.
North America roll-your-own tobacco product industry is projected to witness the fastest market growth rate over the study period. In the U.S., the demand for traditional cigarettes is declining and a positive trend for RYO cigarettes has been gaining popularity among the young generation. Consumption of tobacco products is actively rising among females in the country. Thus, the huge demand for tobacco-based products in the region is bound to boost the roll-your-own tobacco product market.
突出的球员在市场上运营的卷烟草产品行业是帝国品牌,弯曲的论文,Inc。,日本烟草国际,Karma过滤器提示,英国美国烟草,斯堪的纳维亚烟草,伊利亚州莫里斯国际,HBI国际和闪耀品牌。