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 50.0% to 20.0% in 2011 as people became 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 also 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.
Demand for cigarettes has declined over the past five years as smoking rates have fallen and more people quit. Demand for cigarettes with lower tar content has increased, in part due to regulations restricting the amount of tar. Since 2003, there have been no cigarettes manufactured with tar content of between 12 milligrams and 15 milligrams, due to regulations... purchase to read more