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 SWOT Analysis Chapter
IBISWorld estimates that the industry is in the decline stage of its life cycle. IBISWorld estimates that industry value added will decline at a compound annual rate of 3.4% over the 10 years through 2018-19, compared with growth of 1.5% in the wider economy. As a result, the industry will account for a smaller share of the overall UK economy, indicating that the industry is in the decline stage of its life cycle. In addition, the number of companies in the industry is expected to decline over this period, as demand for tobacco products weakens, which further indicates that the industry is in the decline stage of its life cycle... purchase to read more