LONDON--(BUSINESS WIRE)--The global roll-your-own-tobacco products market is poised to grow by USD 7.26 billion during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. Request free sample pages
Read the 120-page report with TOC on "Roll-Your-Own-Tobacco Products Market Analysis Report by Product (RYO tobacco, filters and tips and rolling products), and Geography (APAC, Europe, MEA, North America and South America), and the Segment Forecasts, 2020-2024".
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The market is driven by the innovations in paper and filter design. In addition, the growing trend of environmental awareness and responsibility is anticipated to boost the growth of the roll-your-own-tobacco products market.
With the growing popularity for flavored accessories such as rolling papers and filters, several vendors are introducing rolling papers in various flavors such as blueberry, peach, raspberry, banana, and apple. Vendors are also offering innovative designs for rolling papers to enhance the consumer experience. For instance, Curved Papers replaced the traditional rectangular design with curved rolling papers to enable better hand and machine-rolling of cigarettes. Apart from rolling papers, vendors offer filters in several designs and flavors. For instance, the Republic Group offers a range of filters of varying thicknesses under the Swan brand to cater to consumer preferences. Filters offered include Loose Slim, Extra Slim Pop-A-Tip, Ultra Slim, and Eco Extra Slim models among others. Such innovations in design and flavor of rolling papers and filters are expected to drive market growth during the forecast period.
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Major Five Roll-Your-Own-Tobacco Products Companies:
Altria Group Inc.
Altria Group Inc. is headquartered in the US and operates the business under various business segments such as Smokeable products, Smokeless products, and Wine. The company offers RYO tobacco products under the brand names Bond Street, Chesterfield, and Marlboro.
British American Tobacco Plc
British American Tobacco is headquartered in the UK and offers products through the following business units: United States, APME, AMSSA, and ENA. The company offers fine-cut tobacco under the brand names Pall Mall, Camel, and Dunhill.
Imperial Brands Plc
Imperial Brands is headquartered in the UK and has business operations under two business segments, namely Tobacco & NGP, and Distribution. The company offers a range of RYO tobacco products under the brand names Rizla, Golden Virginia, Davidoff, West, and Drum.
Japan Tobacco Inc.
Japan Tobacco Inc. is headquartered in Japan and offers products through the following business segments: International Tobacco, Japanese Domestic Tobacco, Pharmaceutical, and Processed Food. The company offers RYO tobacco under the brand names, Old Holborn and Amber Leaf.
Philip Morris International Inc.
PHILIP MORRIS INTERNATIONAL INC. is headquartered in the US and offers products through the following product segments: Combustible products and Reduced-risk products. The company offers RYO tobacco under the brand names, Canadian Classics, Peter Jackson, and Longbeach.
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Roll-Your-Own-Tobacco Products Market: Product Outlook (Revenue, USD Billion, 2020-2024)
- RYO tobacco
- Filters and tips
- Rolling products
Roll-Your-Own-Tobacco Products Market: Geographic Outlook (Revenue, USD Billion, 2020-2024)
- APAC
- Europe
- MEA
- North America
- South America
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