Report Description
A recent market intelligence report that is published by Data Insights Partner on the global Roll-Your-Own-Tobacco Products Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Roll-Your-Own-Tobacco Products Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Roll-Your-Own-Tobacco Products Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Roll-Your-Own-Tobacco Products Market is offered. In accordance with the report, the global Roll-Your-Own-Tobacco Products Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Definition
Roll-your-own-tobacco products are hand-rolled tobacco products that are famous in the European Countries. These are produced by assembling tobacco, filters and rolling papers. These products can be cheaply produced. This product is a variant of consumable (smoked) tobacco products. These products are generally made available in pouches. By virtue of roll-your-own-tobacco’s labeling, packaging, type and appearance properties, tobacco is purchased by consumers to prepare their own tobacco products.
Market Drivers
The initial impetus to the roll-your-own-tobacco products market is provided by its cost effectiveness. Roll-your-own-tobacco products are moderately priced relative to the tobacco products and cigarettes that are produced and processed in industries and factories.
Roll-your-own-tobacco products are provided tax subsidies and the taxation of the production and consumption of these products are limited. This has led to their growing popularity among the lower income group which comprises the majority of global population. Some research show that these products have gained momentum in the developed countries like U.K. and U.S.A when faced with Global Economic Crisis.
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Certain beliefs of the consumers are also resulting in widening the market for roll-your-own-tobacco products. Notions like these products are less injurious to health is a determining factor. In some of the Asian countries, the consumption of roll-your-own-tobacco products are a symbol of the smoker’s socioeconomic status and income level. For instance, low income and education and unemployment is understood to be the consumer status of these products in Malaysia and Thailand.
Market Restraints
The rising consumer inclination towards the consumption of electronic cigarettes especially among the youth population is hampering the growth of the roll-your-own-tobacco products market.
Moreover, the roll-your-own-tobacco products are not any lesser harmful than factory processed tobacco products, the smoker inhales harmful chemicals that affects each and every human organ in both the cases. Growing health awareness among consumers are impeding the growth of this market.
Finally, the various activities aimed at reducing the consumption of tobacco complementary to various promotional activities like advertisement on television and other awareness programs and campaigns across the globe is hindering the growth of the roll-your-own-tobacco products market.
Opportunities
Owing to environmental concerns, consumers are changing consumption patterns towards the consumption eco-friendly products. This has resulted in the producer’s offering of organic rolling papers like vegetable and fruit pulp and cotton. The manufacturers have introduced ‘green’ packaging or sustainable packaging which is a lucrative opportunity for this market.
The manufacturers are improving the product portfolio by offering roll-your-own-tobacco products with different flavors like bubblegum, choc-chip cookie dough, watermelon and mint. This is expected to widen the base of the roll-your-own-tobacco products market.
Trends
At present Europe is the dominates the market for Roll-your-own-tobacco products and is expected to continue its leadership in the forecast period. Such progress in this region can be attributed to the lack of tax regime on roll-your-own-tobacco products comparative to factory processed tobacco products, the absence and paucity of restrictions regulating this market and easy accessibility of this products. North America region is also projected to showcase significant growth as a result of increment in the smokers and consumers of roll-your-own-tobacco products. The filter and paper tip segment are expected to showcase significant growth in the forecast period.
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Segment Covered:
This market intelligence report on the global Roll-Your-Own-Tobacco Products Market encompasses market segments based on product type, distributional channel and country.
By Product Type the global Roll-Your-Own-Tobacco Products Market has been divided into:
q Filter and Paper Tip
q Injector
q Rolling Paper and Cigarette Tubes
q Roll-your-own-tobacco
By Distributional Channel the global Roll-Your-Own-Tobacco Products Market has been divided into:
q Online
q Offline
By country/region, the global Roll-Your-Own-Tobacco Products Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Karma Filter Tips
q Imperial Brands
q Shine Papers
q Philip Morris Product S.A.
q Japan Tobacco Inc
q Curved Papers, Inc
q HBI International
q Altria Group, Inc
q Scandinavian Tobacco Group A/S
q British American Tobacco
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Roll-Your-Own-Tobacco Products Market related investment & spending and developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
Karma Filter Tips
In December 2017, 100% Biodegradable filter tips was introduced by Karma Filter Tips. This filter tips originated from plant seeds.
Imperial Brands
In July 2018, Gold Leaf Ice Pack RYO Cigarettes were introduced by Imperial Brands as a product of its Rizla Brand. This product is an upgradation over ultra-slim menthol-flavored tips.
Salient Features:
Ø This study offers comprehensive yet detailed analysis of the Roll-Your-Own-Tobacco Products Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Roll-Your-Own-Tobacco Products Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Roll-Your-Own-Tobacco Products caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Roll-Your-Own-Tobacco Products Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Roll-Your-Own-Tobacco Products Market
v Identification of key factors driving investment opportunities in the Roll-Your-Own-Tobacco Products Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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