Industry Analysis & Industry Trends
The Tobacco Product Manufacturing industry is under fire. Since the 1960s, smoking rates in the United Kingdom have fallen from over 50% to 20% in 2011 as people have become aware of the link between smoking and diseases such as cancer. Although the price of tobacco products is relatively static, there have been some rises, which have also contributed towards the decline in smoking rates. The price rises have led to a shift away from premium brands towards economy brands. For instance, demand for roll-your-own cigarettes has increased at the expense of filter cigarettes.
Government measures designed to reduce smoking rates have added to the negative press surrounding health-related smoking risks and contributed to declining smoking rates... purchase to read more
Industry Report - Industry Analysis Chapter
The Tobacco Product Manufacturing industry is declining as smoking rates in the United Kingdom continue to fall. Price increases have buoyed industry revenue somewhat over the past five years, but this was not enough to stop the ongoing decline of the industry. During the five years through 2013-14, industry revenue is estimated to contract at a compound annual rate of 2.9% to reach £10.5 billion. Increasing regulation, health concerns and changes in disposable income levels following the economic downturn have affected the industry's performance over the past five years. Electronic cigarettes, which fall outside the industry, loom as a major competitive threat during the next five years... purchase to read more