The global roll-your-own tobacco products market is likely to hold a value of US$ 30.8 Billion. With a CAGR of 3.8%, the market is projected at US$ 44.6 Billion during the forecast period from 2022 to 2032.
The roll-your-own tobacco product’s consumption has been increasing in the developed economies. The main factor boosting the growth of the roll-your-own tobacco product market is the low health risk associated with RTO tobacco and the less price associated with them.
The main factors influencing the market’s growth are rising urbanisation and cigarettes’ increased popularity among young people. The global prevalence of smoking is changing due to rising health consciousness among the populace, which is causing a decline in tobacco sales that could impede market expansion.
The global market for roll-your-own tobacco products is likely to have lucrative opportunities in the RYO tobacco segment. Numerous developing nations are making important technological advancements, opening up lucrative opportunities for market participants.
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Key Takeaways from the Market Study:
- By product, the RYO Tobacco segment accounts for a share of 39.5% in 2022-2032
- By distribution channel, the offline segment accounts for a market share of 84.5% during the forecasting period.
- Market in UK to procure a market share of 64.5% during the assessment period
- Market in china accounts for 4.3% CAGR during the forecasting period.
“The rising disposable income and growing consumption of tobacco in women, as well as teenagers are expected to fuel the demand for roll-your-own tobacco product market over the forecast period,” says an FMI analyst.
Competitive Landscape
Key players in the global roll-your-own tobacco product market are
Imperial Brands; British American Tobacco; Scandinavian Tobacco Group A/S; Altria Group, Inc.; Philip Morris International; HBI International; Curved Papers, Inc.; Karma Filter Tips; Shine Brands; and Japan Tobacco International
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Recent updates from the industry are:
- In September 2020 – JTI (Japan Tobacco International) has extended its technology partnership agreement with Sauber Engineering AG (SEN), a leading player in technology and prototype development and part of the Sauber Group of Companies. Through this partnership, both companies will continue to collaborate on the development of precision engineering projects aimed at increasing the performance of the next generation of JT Group products.
- In March 2021- BAT Group (BAT) announces a strategic collaboration agreement with Organigram Inc., to focus on research and product development activities next-generation adult cannabis products, with an initial focus on cannabidiol (CBD).
- In July 2021– Philip Morris International Inc. (PMI) announced an agreement to acquire Fertin Pharma A/S. This acquisition is a significant step forward on our journey toward delivering a smoke-free future—enhancing smoke-free portfolio, notably in modern oral, and accelerating progress beyond nicotine
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Key Segments Covered in the Roll-Your-Own Tobacco Products Industry Analysis
Roll-Your-Own Tobacco Products Market by Product:
- RYO Tobacco Products
- Roll-Your-Own Tobacco Papers & Cigarette Tubes
- Roll-Your-Own Tobacco Injector
- Roll-Your-Own Tobacco Filter & Paper Tip
Roll-Your-Own Tobacco Products Market by Distribution Channel:
- Offline Distribution of Roll-Your-Own Tobacco Products
- Online Distribution of Roll-Your-Own Tobacco Products
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global roll-your-own tobacco products market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of product (RYO tobacco, rolling paper & cigarette tubes and injector and filter & paper tip) and by distribution channel (offline and online) across five major regions (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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