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Share this article 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.

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