Asia Pacific Cigarettes Market

Asia Pacific Cigarettes Market Size and Growth Analysis:            

The Asia Pacific Cigarettes Market was worth US$ X.X billion in 2022 and is anticipated to reach the valuation of US$ X.X billion by 2027 and is predicted to grow at a CAGR of 4.7% during 2022-2027.

Asia Pacific Cigarettes Market Scenario:

Tobacco is one of the most widely used addictive chemicals on the planet. Tobacco refers to any of the Nicotiana species (particularly Nicotiana tabacum), which are endemic to tropical America and are widely farmed for their dried and processed leaves, which are used in pipes, cigarettes, and cigars. It's also used to make chewing tobacco, snuff, and dipping tobacco, among other less common uses. Cigarettes are one of the most extensively used tobacco products on the planet. Cigarettes are often made from a reformed tobacco product that contains recycled tobacco pieces. In the 9th century, cigarettes in the form of reeds and smoking tubes became available. To meet the needs of consumers, cigarettes were gradually offered in a range of shapes, sizes, colors, flavors, and intensities. Cigarette demand is currently rising in fast-growing regions like Asia and Africa. Because of expanding population and government regulations governing cigarette production, this is the case.

Asia Pacific Cigarettes Market Drivers:

Individual adoption of Western culture lifestyle has led in a rise in the proportion of female smokers, cigarette manufacturers' robust distribution network, and the appeal of flavored cigarettes. Flavored tobacco products are gaining major traction and have become significantly more widespread in the last few years around the world due to frenetic lifestyles combined with strict deadlines, demanding schedules of juggling personal and professional life with inconsistent working hours in offices. These items include, among other things, flavored smokeless tobacco, e-cigarettes or vape, little cigars and cigarillos, large cigars, hookah, and so on. The growing popularity of e-cigarettes may be a driving force in the cigarette filter market. Cigarette filters reduce the direct impact of tar and other hazardous compounds on the lungs, which may contribute to increased cigarette usage among individuals, which is driving the cigarette filters industry. Adding on to the plethora of opportunities for the cigarette market, the introduction of biodegradable cigarette filters has opened up new possibilities for the cigarette filter industry.

Furthermore, thanks to large displays and the global availability of brands, convenience store sales of cigarettes are playing an increasingly important role in the emergence of new cigarette brands or brand upgrades. They're available in a variety of flavors, including sweets, alcoholic beverages, and herbs and spices.

Asia Pacific Cigarettes Market Restraints:

Tobacco is responsible for a large number of diseases and deaths each year. Governments have responded by enacting legislation to limit cigarette sales and imposing a range of tobacco-related taxes. Manufacturing cigarette filters can be difficult, which might pose a barrier to the cigarette filter business. The limited degradability of cellulose acetate may reduce demand for cigarette filters, posing a challenge to the market's growth. As a result, cigarette market growth is expected to be stifled for the duration of the forecast period.

Recent Developments in the Asia Pacific Cigarettes Market:

• ITC Ltd., India's largest cigarette company, concluded its cigarette business successfully in 2021, thanks to a favorable tax framework, a renewed focus on product innovation and design, and its huge distribution network. With a greater growth strategy, the continuously growing business is flourishing.

• Philip Morris launched a new cigarette brand called "Philip Morris Bold" in Indonesia in 2019. Philip Morris Bold is an Indonesian kretek cigarette, which is a clove cigarette with a high tar and nicotine content. This new flavored cigarette was created to meet consumer demand and to expand the company's product portfolio.

Asia Pacific Cigarettes Market Segmentation: 

By Product Type:

• Non-Filters

• Flavored Cigarettes

• Mild Cigarettes

• Menthols

• Herbal Cigarettes

• Kreteks

• Others

The Asia Pacific Cigarettes Market has been divided by product type into, non-filters, flavored cigarettes, mild cigarettes, menthols, herbal cigarettes, kreteks, and others. The one which took the bigger cigarette market size was the other category. Non-filters are made by a small number of companies, as filters aid to reduce tar and nicotine concentration. Due to their different flavors, menthols and flavored cigarettes are fast gaining market dominance. Mild cigarettes, lights, and ultralights have a lower nicotine level and are becoming more popular as people become more aware of the dangers of smoking. It is because of these reasons that we see the others product type of cigarettes taking the bigger Asia Pacific Cigarettes Market share.

Asia Pacific Cigarettes Market Regional Analysis: 

The Asia Pacific Cigarettes Market Report includes a segmentation of the following countries:

• India

• China

• Japan

• Australia

• Vietnam

• New Zealand

• South Korea

• Thailand

• Malaysia

• Philipines

• Indonesia

• Rest of APAC

China is the world's largest maker and end-user of tobacco, with over 350 million smokers. In China, the high prevalence of current smoking among males (60.2%) and the rising rate of smoking among women (6.9%) suggest that a considerable proportion of young children are exposed to secondhand smoking at home. Chinese men smoke at a rate of more than 50%, accounting for more than 40% of global cigarette consumption. China National Tobacco Corporation (CNTC), a state-owned enterprise (SOE), controls the Chinese tobacco market, accounting for over 90% of all cigarettes sold. Hong Shuangxi, Yun Yan, and Zhongnanhai are among the CNTC's many brands, as are smaller regional brands and derivatives. Foreign firms can manufacture and sell tobacco products through a joint venture with the CTNC. For example, Marlboro, one of the world's most famous cigarette brands, commenced production in China in 2008 after negotiating with the CNTC to promote Chinese brands globally. In addition, the increased number of organized retail establishments makes tobacco products more accessible to clients. This is one of the most crucial factors driving the tobacco industry's nationwide expansion.

By volume, ITC Ltd, which is controlled in part by British American Tobacco, owns 79 percent of India's cigarette market. With 11% of the market, Godfrey Phillips India comes in second, followed by VST Industries with 7.7%. Philip Morris International (PMI) and Japan Tobacco (Japan Tobacco) each had 3.5 percent and 2% of the market, respectively. India sold 81.3 billion cigarettes in 2017. The majority of Indians, however, continue to smoke bidis. In the fiscal year 2020, Japan, which ranks fifth internationally in terms of income, sold about 99 billion sticks of cigarettes, down from around 198 billion sticks in fiscal 2011. Due to increased prefectural laws on smoking in public locations, cigarette sales have been progressively dropping over the last decade.

Asia Pacific Cigarettes Market Key Players:

1. CNTC

2. British American Tobacco

3. Philip Morris Int.

4. Imperial Brands

5. Japan Tobacco

6. Altria Group

7. ITC

8. Gudang Garam

9. KT&G

10. Universal Corporation