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 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 wrapped in thin paper and with a filtered tip. Cigarettes are ignited 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 and more people have quit. 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