Roll-Your-Own Tobacco Product Market Size, Trends, Scope is Expected to Rea
The roll-your-own tobacco product market size is expected to reach a value of USD 10.48 billion by 2028 and is likely to grow at a compound annual growth rate of 4.30% for the forecast period of 2021 to 2028. Roll-your-own tobacco product market report analyses the growth, which is currently being growing due to strong presence of various well-established players and several small and medium players.
Roll-your-own tobacco is a type of a loose tobacco that the consumer places inside rolling paper and burns. It is a kind of a combustible tobacco product.
The rapid shift in the preference for hand rolled or handmade cigarettes as they are comparatively less expensive compared to factory-made (FM) cigarettes is one of the major factors anticipated to drive the roll-your-own tobacco product market growth rate. Moreover, the handmade cigarettes are usually subject to fewer regulations and less taxation which is also expected to fuel the growth of the roll-your-own tobacco product market in the forecast period of 2021 to 2028.
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Global Roll-Your-Own Tobacco Product Market Scope and Market Size
Based on product type, the roll-your-own tobacco product market is segmented into roll your own (RYO) tobacco, rolling paper and cigarette tubes, injector, filter and paper tip and others.
The distribution channel segment of the roll-your-own tobacco product market is segmented into online and offline.
Roll-Your-Own Tobacco Product Market Country Level Analysis
Europe leads the roll-your-own tobacco product market because of the high smoking rate. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rapid rise in trend for roll-your-own tobacco cigarettes, resulting in the high popularity amongst young adults, students and the female population. The consumption of tobacco products as well as the hand-rolled cigarettes is actively increasing among females in the U.S.
Competitive Landscape and Roll-Your-Own Tobacco product Market Share Analysis
The major players covered in the roll-your-own tobacco product market report are:
Altria Group, Inc., Imperial Brands, British American Tobacco, JT International SA., Scandinavian Tobacco Group A/S, Philip Morris Products S.A., HBI International, Curved Papers, Inc., Shine Papers, Godfrey Phillips India Ltd., Parsian Tobacco Company and Karma Filter Tips, among other domestic and global players.
Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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