Industry Analysis & Industry Trends
The Tobacco Product Manufacturing industry is in a state of rapid decline. Rising health awareness, advertising restrictions, black market trade and ever increasing taxes have created a challenging environment for the few producers left in the United Kingdom. As a result, the only two producers of manufactured cigarettes have entered consolidation phases and are shifting their production plants abroad. Once these moves have been completed, the industry will have almost disappeared. Industry revenue is expected to decline at a compound annual rate of 11.4% over the five years through 2015-16, reaching £6.2 billion. This includes a contraction of 25.8% during the current year.
Smoking rates in the United Kingdom have fallen considerably in recent decades... purchase to read more
Industry Report - Industry Products Chapter
Cigarettes are the major product manufactured by the industry. However, the cigarette segment has declined over the past five years. This is due to a long-term decline in the number of smokers. It is also due to some cigarette smokers switching to hand-rolled cigarettes.
A cigarette is a tightly rolled cylinder of cut tobacco that is wrapped in thin paper and has a filtered tip. Cigarettes are lit at one end and smoked by inhaling smoke from the other end. Demand for cigarettes has declined over the past five years as smoking rates have fallen. Since peaking in 1974, smoking rates have been steadily declining. Leading brands of cigarettes in the United Kingdom are Lambert & Butler, Mayfair, Marlboro, John Player and Benson & Hedges... purchase to read more