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LONDON–(BUSINESS WIRE)–The warmth-not-burn tobacco merchandise market is poised to develop by USD 22.22 billion throughout 2020-2024, progressing at a CAGR of over 26% throughout the forecast interval. Request free pattern pages
Learn the 120-page report with TOC on “Warmth-Not-Burn Tobacco Merchandise Market Evaluation Report by Product (Gadgets, Capsules, and Vaporizers), Geographic segmentation (North America, APAC, Europe, South America and MEA), and the Section Forecasts, 2020-2024”.
https://www.technavio.com/report/heat-not-burn-tobacco-products-market-industry-analysis
The market is pushed by the cost-effectiveness of heat-not-burn tobacco merchandise. As well as, heat-not-burn tobacco merchandise are comparatively safer than standard cigarettes. This issue is additional anticipated to spice up the expansion of the heat-not-burn tobacco merchandise market.
The demand for smoke-free merchandise corresponding to heat-not-burn tobacco gadgets and capsules is growing throughout completely different geographical areas as a result of they’re comparatively extra economical than standard tobacco merchandise. The value of conventional cigarettes has elevated significantly as many international locations have raised the tax on cigarettes. As an illustration, as of July 1, 2019, the common state tax on cigarettes within the US was USD 1.81 per pack of the retail value. Consequently, the adoption of e-cigarettes, together with heat-not-burn tobacco merchandise amongst price-sensitive millennials and adolescent shoppers, within the US is growing. Thus, the cost-effectiveness of heat-not-burn tobacco merchandise is anticipated to drive market development throughout the forecast interval.
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Main 5 Warmth-Not-Burn Tobacco Merchandise Market Firms:
Altria Group Inc.
Altria Group Inc. operates the enterprise below numerous segments corresponding to Smokeable merchandise, Smokeless merchandise, Wine, and All different. The corporate presents key merchandise corresponding to Iqos and different merchandise.
Ballantyne Manufacturers LLC
Ballantyne Manufacturers LLC presents merchandise via the next enterprise items: E Cigs and Vape Mods. The corporate presents key merchandise together with HAUS Warmth Not Burn Starter Package and others.
British American Tobacco Plc
British American Tobacco Plc operates below numerous enterprise segments, specifically US, APME, AMSSA, and ENA. The corporate presents key merchandise together with glo and neo.
Imperial Manufacturers Plc
Imperial Manufacturers Plc presents merchandise via the next enterprise segments: Tobacco and NGP and Distribution. The corporate presents key merchandise together with Pulze and different heat-not-burn tobacco merchandise.
Japan Tobacco Inc.
Japan Tobacco Inc. presents merchandise via the next enterprise segments: Worldwide Tobacco, Japanese Home Tobacco, Processed meals, and Pharmaceutical. The corporate presents key merchandise together with Ploom TECH and Ploom S.
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Warmth-Not-Burn Tobacco Merchandise Market Product Outlook (Income, USD Billion, 2020-2024)
- Gadgets
- Capsules
- Vaporizers
Warmth-Not-Burn Tobacco Merchandise Market Geographic Outlook (Income, USD Billion, 2020-2024)
- North America
- APAC
- Europe
- South America
- MEA
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