我D: MRFR/F-B & N/8871-CR | February 2021 | Region: Global | 100 pages
Market Overview
Global Raw Tobacco Leaves Market Reached USD 8.54 Million Tons, Which Was Quite Impressive. Looking forward, the market experts believe that the global raw tobacco leaves market size will demonstrate a stable growth in the coming years, at least till 2026. It has been predicted that by the end of 2026, the market is projected to reach USD 20 160.12 million. Besides, during the forecast period, the CAGR- Compound Annual Growth Rate would be 1.46 percent.
Tobacco products are produced by curing the raw tobacco leaves, which is a part of the genus Nicotiana of the Solanaceae family. As per the experts, there are around 70 different species of tobacco. Tobaccos mad of tobacco leaves contain nicotine and volatile alkaloid, that is responsible for stimulating brain function. Dried raw tobacco leaves are widely used for smoking in cigarettes, shisha, pipes, cigars, and more. Tobacco product producers combine various flavoring and additives to the tobacco leaves to make them consumable.
我nclination towards the use of different anti-depressants and stimulants, rapidly changing lifestyles as well as a growing population are some of the significant factors that can be responsible for the growth of the raw tobacco leaves market size.
我f you consider the raw tobacco leaves market forecast, this particular market will emerge lucrative for the active vendors. The primary reason behind this can be the continuous innovation in this sector and some government initiatives regarding the selling of tobacco leaves.
COVID-19 Analysis for The Market
The market is severely affected by the outbreak of COVID-19. The condition has significantly disrupted the demand for tobaccos. In various countries, tobacco products are classified as non-essential items, and this has led to decreased supply of raw tobacco leaves as well as products across the globe.
The raw tobacco leaves market share has also gone down as retail sales of these products have gone down. Considering a lower market trend, the tobacco product manufacturers have also lowered their production capacity to deal with operational costs.
Furthermore, COVID-19 has been declared a respiratory disease and creates issues in breathing. So, for now, people are avoiding tobacco products. Besides, cigarette smokers are being advised to stop smoking to lower the risk of getting infected by the virus. So, it can be said that the market growth rate in the future can be severely affected due to the ongoing COVID-19 situation.
GlobalRaw Tobacco Leaves Market Revenue, by Leaf Type, 2026 (USD Million)
Sources: MRFR Analysis
Raw Tobacco Leaves Market Dynamics
The Market Drivers
Even though the recent COVID-19 condition has affected the market, the experts have predicted that very soon the things will back to normal. So, that can be a good indication for this market. Besides, the demand for tobacco products has witnessed a sharp shift to the developing countries from the developed countries. Increasing consumption of cigarettes in the medium and low-income people segment can be a primary factor triggering the market growth. The rising income levels can also be a propelling factor.
Furthermore, the introduction of different premium tobacco products, for example, flavored cigarettes and e-cigarettes by well-known manufacturers, have further made a positive outlook for the raw tobacco leaves market growth.
Some companies are now making considerable investments in research and development to introduce tobacco products with a smaller number of toxicants. This will also help in attracting a more extensive consumer base for this market during the projected period.
Market Opportunities
我t has been predicted that the market will become very lucrative for every raw tobacco leaves market supplier due to different initiatives taken by governments for selling tobacco leaves. Keeping in mind the growing demand for quality tobacco products, manufacturers are now introducing effective marketing campaigns. Well, this will create a growth opportunity.
Larger tobacco product manufacturers can utilize economies of scale and can offer different products. On the other hand, new and smaller companies are now focusing on attractive discounts, creative packaging, branding, and covering some niche categories, for example, additive-free cigarette, pipe tobacco, and more. All these things will create market growth opportunities. It may be noted that this is a consolidated market, so the growth will depend on the demand for the final products.
Restraints
一个s per the market research experts, higher levels of education and raising awareness about different health issues caused by tobacco products, like pulmonary diseases, cardiovascular diseases, cancers, and more, has greatly hampered the market growth. On the other hand, the increasing illicit trade of tobacco products will also affect the growth of the raw tobacco leaves market trends. What's more? The strict regulations rolled out in the developed countries can also affect the market growth adversely.
Challenges
Speaking about the key challenges in this market, all the tobacco product manufacturers are now facing a challenge globally where the rising health concerns have affected the sales rates of cigarettes. Besides, various legal threats have also become a headache for them.
Cumulative growth analysis of the market
Cigarettes have become a popular tobacco product among people across the world. Besides, keeping in mind the changing trend, tobacco product manufacturers are also introducing flavored products. So, such initiatives can drive market growth. Besides, increasing income level will also create a positive impact.
Considering all these things, the experts have forecasted that the market value will increase to USD 20,160.12 by 2026. During the projected period, i.e., from 2020 to 2026, the CAGR will be 1.46 percent.
Market Segment Overview
The global raw tobacco market has been segmented into buying module, leaf type, application, and region.
Market segmentation by leaf type
Under this, the global market is classified into Burley, Virginia, Blends, and Oriental. As per the experts, in 2019, the Virginia segment witnessed a significant raw tobacco leaves market share. By the end of 2026, the value will be USD 14.180.87 million. Cigarette made of Virginia leaf is famous in South Africa, the UK, Pakistan, China, India, and more.
Market segmentation by buying module.
On the basis of buying module, the entire market is categorized into farmers, auction, and leaf merchants. During the forecast period, the leaf merchant segment would witness a huge market share.
Market segmentation by application
Under this, the market is segmented into dry snuff, smoking tobacco, and moist. The smoking tobacco segment has further divided into cigars, water pipes, vapes, cigarettes, chewing, and tobacco.
Regional Market Analysis
我n 2019, the Asia-Pacific region witnessed the largest market share of the global raw tobacco leaves market. On the other hand, China is the major consumer of raw tobacco leaves. The demand for a cigarette has declined, but China is now focusing on selling e-cigarette. This will propel market growth.
Europe accounted for a considerable share of the global market in the year 2019 and is projected to be a lucrative regional market for raw tobacco leaves producers during the projected period.
Furthermore, Africa has emerged as a significant tobacco leaves producer in the world and has the ability to satisfy the growing demand.
North America covered a decent market share in the year 2019. The primary reason behind that was the presence of multiple well-known tobacco product manufacturers. However, it is projected that the Asia-Pacific region will again dominate the market in the coming days, especially during the forecasted period.
Report Overview
The global raw tobacco leaves market analysis overview is as follows:
This in-depth market analysis report includes all the essential information about the global market for raw tobacco leaves. It also covers the challenges and opportunities that can influence market growth.
一个nalysis of market's competitive Landscape
关键球员目前主导的market are:
The prominent players are now focusing more on investing in R&D and adopting some growth strategies, for example, partnerships, agreement, expansion, and more, to boost their businesses.
Recent market development
Segment Table
By leaf
By buying module
By Applications
By Region
Report Attribute/Metric | Details |
---|---|
Market Size | USD 20,160.12 Million (2026) |
CAGR | 1.46% (2018-2026) |
Base Year | 2019 |
Forecast Period | 2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Leaf Type, Buying Module Type, Application |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Star Tobacco International (Turkey), Atmiya International (India), Leafcon International (India), Leaf Only (US), Whole Leaf Tobacco LLC (US), Sopariwala Exports (India), NYC Tobacco Leaf LLC (US), Leaf 2 Smoke (Canada), Tobacco and Tubes (India), Capital Tobacco Ltd (Bulgaria), Universal Corporation (US), U.S. Tobacco Cooperative Inc. (US), Alliance One International, Inc. (US), and Associated Tobacco Company Ltd. (India). |
Key Market Opportunities | 我ncreasing consumption of cigarettes in low- and medium-income countries |
Key Market Drivers | the growing illicit trade of tobacco is likely to hamper |
Frequently Asked Questions (FAQ) :
This market analysis report on the global raw tobacco leaves market covers all the major segments like the leaf, buying modules, application, and region.
The global market for raw tobacco leaves is projected to touch USD 20, 160.12 million by the end of 2026, with a CAGR rate of 1.46%.
我ncreasing consumption of tobacco products in middle and low -income countries will be the primary growth factor of the market.