Europe Raw Tobacco Leaves Market
The raw tobacco leaves market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe. Tobacco is grown in 12 European Union nations at present. Italy, Spain, Poland, Greece, Croatia, France, Hungary, and Bulgaria are among the top tobacco producers in the EU, accounting for 99% of the total production. Depending on the variety, yields range from 1 to 3 tons per acre. The region produces various varieties of raw tobacco leaves, such as Flue-cured Virginia tobacco, light-air-cured Burley varieties, sun-cured or oriental, dark-air-cured, and fire-cured. The Tobacco Products Directive (2014/40/EU) was enacted on May 19, 2014 and came into force in EU countries on May 20, 2016. The directive establishes guidelines for the production, presentation, and sale of tobacco and tobacco-related products. It prohibits the use of distinguishing flavors in cigarettes and roll-your-own tobacco; mandates tobacco companies in the EU countries to provide a report on the substances used in their products; mandates health warnings on the front and rear of cigarette and roll-your-own tobacco packages—the combination of image, text, and information on how to quit must cover 65 % of the front and back; sets minimum warning dimensions and forbids some tobacco products from being sold in small packages; introduces EU-wide tracking and tracing to combat illicit tobacco product trade; permits EU governments to prohibit tobacco and related product sales on the internet; and requires manufacturers and importers to notify EU countries about new tobacco products before launching them in the EU market.
In Europe, currently the UK, France and Russia are the hardest-hit countries by the coronavirus outbreak. It is estimated to suffer an economic hit due to a lack of revenue from various industries, as the country recorded the highest number of coronavirus cases followed by France, Spain, Italy, and Germany. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe. The outbreak of the novel coronavirus has negatively affected the growth of the market in the UK and rest of the region. There has been a decrease in sales of tobacco products due to slowdown in production due to the lockdown. Furthermore, the disruption of supply chain has also affected the supply of the product to the market.
Strategic insights for the Europe Raw Tobacco Leaves provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 7,140.39 Million |
| Market Size by 2028 | US$ 7,734.39 Million |
| Global CAGR (2021 - 2028) | 1.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Leaf Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Raw Tobacco Leaves refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The raw tobacco leaves market in Europe is expected to grow from US$ 7,140.39 million in 2021 to US$ 7,734.39 million by 2028; it is estimated to grow at a CAGR of 1.1% from 2021 to 2028. Tobacco is one of the main sources of tax revenue globally. The demand for tobacco products has recently witnessed a shift from developed countries to developing countries. This can be accredited to the rising population, increasing income levels, and lenient government regulations in certain countries. Retail infrastructure growth and widespread brand campaigns by leading tobacco-producing organizations, including Philip Morris International and British American Tobacco, are projected to remain positive factors for the market growth in the region. Multinational tobacco companies are focusing on increasing tobacco production in the emerging world for meeting the rising demand of their overseas markets with more readily available and cheaper tobacco leaves. With the availability of tobacco products, especially cigarettes, at relatively low prices in the developing countries it is making the substantial proportion of tobacco product consumer segment, the demand for raw tobacco leaves continues to propel.
In terms of leaf type, the others segment accounted for the largest share of the Europe raw tobacco leaves market in 2020. Further, in term of application, the smoking tobacco held a larger market share of the raw tobacco leaves market in 2020.
A few major primary and secondary sources referred to for preparing this report on the raw tobacco leaves market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Universal Corporation; Sopariwala Exports; Alliance One International Inc.; Japan Tobacco International; British American Tobacco plc; Star Agritech International; and U.S. Tobacco Cooperative Inc. among others.
The Europe Raw Tobacco Leaves Market is valued at US$ 7,140.39 Million in 2021, it is projected to reach US$ 7,734.39 Million by 2028.
As per our report Europe Raw Tobacco Leaves Market, the market size is valued at US$ 7,140.39 Million in 2021, projecting it to reach US$ 7,734.39 Million by 2028. This translates to a CAGR of approximately 1.1% during the forecast period.
The Europe Raw Tobacco Leaves Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Raw Tobacco Leaves Market report:
The Europe Raw Tobacco Leaves Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Raw Tobacco Leaves Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Raw Tobacco Leaves Market value chain can benefit from the information contained in a comprehensive market report.
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