Global Smoking Product Market Size By Product Type (Tobacco Based Non-Tobacco Based), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Smoking Product Market Size And Forecast

Smoking Product Market size was valued at USD 942.65 Billion in 2022 and is projected to reach USD 1,004.95 Billion by 2030, growing at a CAGR of 1.36% from 2024 to 2030.

The ‘Global Smoking Product Market’ is witnessing significant growth owing to various driving factors such as growing customer preference for herbal smoking products, growing adoption of e-cigarettes, and growing health awareness and issues caused due to traditional smoking. The Global Smoking Product Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Smoking Product Market Definition

Smoking products refer to various items and substances used for smoking tobacco, herbs, or other plant materials. These products are designed to facilitate the process of inhaling smoke produced by burning the substance. Both Tobacco Based and Non-Tobacco Based products are considered under the scope of the study. Tobacco-based smoking product categories include Cigarettes, Cigars & Cigarillos, Smokeless Tobacco, Shisha, Kreteks, Bidis, Heat-not-Burn Devices, etc. Non-tobacco-based smoking product categories include E-Cigarettes, Vapes, and Herbal Products.

Okay, so first, the leaves from the tobacco plant are picked and dried. Then, they're fermented and turned into all sorts of tobacco goodies. Now, remember, tobacco contains nicotine. You probably know that folks use tobacco in different ways, most commonly in cigarettes, but also in "smokeless" tobacco, water pipes, cigars, cigarillos, and bidis. But hey, there's another option! Non-tobacco smoking products are like stand-ins for the real deal, trying to mimic the smoking experience without actually burning tobacco. The idea is that these could be less harmful or even help you quit smoking altogether. A lot of people are reaching for these non-tobacco options because they think they might be safer or offer a stepping stone to giving up regular cigarettes. It's a hot topic!

The Smoking Product market is segmented into one segment such as by Product Type. The smoking Product Market by Product type is divided into Tobacco Based and Non-Tobacco Based. The Tobacco based segment is further classified into Cigarettes, Cigars & Cigarillos, Shisha, Smokeless Tobacco, and Others (Kreteks, Bidis, etc. The Non-Tobacco based segment is further classified into E-Cigarettes, Vapes, Herbal Products, and Others.

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Global Smoking Product Market Overview

Hey, the market for smoking stuff worldwide is really taking off! Why? Well, people are getting more into herbal smoking products, and everyone seems to be grabbing e-cigarettes. Plus, there's this growing buzz about how bad old-school smoking is for you. Speaking of e-cigs (you might also hear them called electronic cigarettes or vaping devices), they're super popular these days. A lot of folks think they might be a safer way to get their fix than regular cigarettes. Instead of burning tobacco, e-cigs heat up a liquid – you know, e-liquid – with nicotine and other stuff. That way, you skip all the nasty burning and toxic stuff that comes with smoking tobacco. Some smokers even use e-cigs as a way to cut back or quit altogether!

The world population is becoming more aware of herbal smoking products and their benefits over traditional smoking products. Thus, the demand for herbal smoking products is growing due to their popularity and benefits including health and wellness consciousness. Many smokers are looking for alternatives to traditional tobacco products since there is a rising awareness and focus on personal health and fitness. Due to the lack of tobacco, nicotine, and other toxic ingredients, herbal smoking products are frequently considered a healthier alternative. Consumers/smokers are becoming more interested in natural and organic smoking alternatives that are compatible with their health-conscious lives.

Moreover, Innovation in e-cigarettes and the different herbal smoking blends are creating new opportunities for the Global Smoking Products Market. Mullein, Red Raspberry Leaf, Marshmallow Root, Mugwort, Damiana, Horehound, Skullcap, White Sage, Catnip, Passionflower, Uva Ursi, Indian Blue Water Lily, Indian White-Water Lily, Swarnadhanya, Chamomile, Licorice, Clove, Peppermint, Spearmint, Rose, Lavender, Anise, Sage, and Monarda, amongst others, are the most common herbal materials used in herbal smoking.

Moreover, many companies are offering different herbal blends for smoking. Some of the popular and unique herbal blends include Nourishing Tea, Red Velvet, Herbal Mojito, a Holy combination of Intellect Tree, Ginger, Holy Basil, Clove, Mango Ginger, Licorice, Cabbage Rose, Sweet Flag, Cinnamon, Valerian, Vetiver, Pepper Mint, Indian Lotus, and Guggul. Some herbal establishments will already have smoking mixtures available for customers to use.

However, the high cost of shisha smoking sessions is a major restraining factor for the market. Furthermore, tax uncertainties and restrictions surrounding shisha smoking and e-cigarettes can also strangle the growth of the market. Many nations have tobacco control policies in place that apply to shisha smoking. These laws frequently seek to limit the use of tobacco products, including shisha, in public places, workplaces, and other designated locations. Such limitations may restrict the number and accessibility of shisha-smoking establishments.

Global Smoking Product Market Segmentation Analysis

The Global Smoking Product Market is segmented based on Product Type and Geography.

Smoking Product Market, By Product Type

  • Tobacco Based
  • Non-Tobacco Based

To Get a Summarized Market Report By Product Type-

The Global Smoking Product Market is experiencing a scaled level of attractiveness in the Tobacco Based segment. The Tobacco Based segment has a prominent presence and holds the major share of the global market. Tobacco Based segment is anticipated to account for a significant market share of 87.05% by 2028. The segment is projected to gain an incremental market value of USD 12.82 Billion and is projected to grow at a CAGR of 0.37% between 2024 and 2028.

Turns out, people all over the world really love their Tobacco Based goodies. It all starts with harvesting tobacco plant leaves, then drying them out before they're fermented and turned into all sorts of tobacco products. And yeah, nicotine is part of the deal. We're talking cigarettes, smokeless tobacco, water pipes, cigars, cigarillos, bidis—you name it! Cigarettes? Those are basically tiny rolls of chopped-up tobacco leaves, tightly wrapped and ready to be smoked. They often mix different types of tobacco, with flavors or without. To make them taste better and burn just right, they throw in chemicals and additives to tweak the whole smoking experience. But get thisthe Non-Tobacco Based stuff is catching up fast, expected to grow by 9.64% annually until 2028!

Smoking Product Market, By Geography

  • Asia-Pacific
  • Europe
  • North America
  • Latin America
  • Middle East & Africa

To Get a Summarized Market Report By Geography- 

The Global Smoking Product Market is experiencing a scaled level of attractiveness in the Asia Pacific region. The Asia Pacific region has a prominent presence and holds a major share of the global market. Asia Pacific is anticipated to account for a significant market share of 36.58% by 2028.

The Asia Pacific region is home to a lot of people, and unfortunately, smoking is pretty common in some of these countries. Think of places like China and India – they're huge in both making and using tobacco. It's a big business there because so many people smoke. Some Asian Pacific countries are even seen as new opportunities for these products. As cities grow, people earn more, and lifestyles change, the market for smoking stuff expands. With so many people in places like China and India, the market has really taken off! In China, cigarettes are king. And get this – China is the biggest producer and consumer of cigarettes in the world. Most of the cigarettes you see there come from local companies, especially China National Tobacco Corporation, which is run by the government. Smoking has been around for ages in China and it's part of the culture. It's often tied to socializing, doing business, and even giving gifts. You'll find it's especially popular with older folks and among men.

Key Players

The major players in the market are China National Tobacco Corporation, British American Tobacco Plc, Imperial Brands Plc, Scandinavian Tobacco Group A/S, Swedish Match AB, Altria Group, Inc., KT&G Corp., Japan Tobacco Inc., ITC Limited, and others. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with Product benchmarking and SWOT analysis.

Key Developments

  • In May 2023, British American Tobacco Fiji unveiled its newly renovated Primary Manufacturing Department – Project Sovereign Upgrade – for USD 4.5 million over the previous few years. The improvements include mechanical enhancements to minimize inefficiencies and enable the Fiji market to employ local leaves in some export markets.
  • In May 2023, British American Tobacco Bangladesh Company Limited announced a USD 5.60 million investment in equipment and a centralized uninterrupted power supply device. The international corporation announced the investment decision in a Dhaka Stock Exchange filing.
  • In October 2022, Japan Tobacco announced a joint venture (JV) with Altria Group (Altria), through its subsidiary PM USA, to market and commercialize heated tobacco sticks (HTS) products in the United States using Ploom branded devices and Marlboro branded consumables. In addition, the two organizations inked a long-term, non-binding worldwide memorandum of understanding (MOU) to investigate commercial prospects for a wide variety of potentially reduced-risk products (RRP).

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the segment that is majorly leading in the Global Smoking Product Market. We cover the major impacting factors that are responsible for driving the industry growth in the given geography.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Smok

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