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NEW YORK, April 26, 2021 /PRNewswire/
The global tobacco market by end-user (combustible tobacco products and smokeless tobacco products) and geography (APAC, Europe, North America, MEA, and South America) has been added to Technavio s offering. The global tobacco market is expected to grow by USD 146.5 billion, at a CAGR of almost 4% during 2021-2025.
Technavio has announced its latest market research report titled Tobacco Market by End-user and Geography - Forecast and Analysis 2021-2025
The market witnessed a certain decline in the production volume of tobacco during the first few months of 2020 due to the rapid spread of COVID-19. This led to slow growth in the market for tobacco in 2020. However, rising demand from millennials and the growing prevalence of tobacco consumption among people are expected to fuel the market growth during the forecast period.
$ 146 5 Billion Growth Expected in Tobacco Market | COVID-19 Impact Analysis in Q1 2021 | APAC to Notice Fastest Growth
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$ 146 5 Billion Growth Expected in Tobacco Market | COVID-19 Impact Analysis in Q1 2021 | APAC to Notice Fastest Growth
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.