Market Snapshot:
There are currently around 1.3 billion smokers in the world, mostly living in low- and middle-income countries. The global Raw Tobacco Leaves market is expected to witness high demand in the forecasted period due to Introduction of numerous premium tobacco products such as flavoured, long and skinny, coloured and e-cigarettes by the manufacturers. Raw tobacco leaves, also known as unmanufactured tobacco, are leaves that are sourced directly from the farms and require further processing by the manufacturing companies. The raw leaf tobacco includes all varieties of unmanufactured tobacco including flue‑cured, dark‑fire‑cured/dark‑air‑cured (also known as black) and burley tobacco. The COVID-19 pandemic has disrupted the demand for tobacco products. The major problems affecting tobacco growers, besides the disruption to the marketing seasons caused by the Covid-19 pandemic and the measures introduced, are the economic difficulties that several major tobacco-producing countries are facing (Argentina, Brazil, Zimbabwe, and Malawi). Rampant inflation is seriously reducing the purchasing power of tobacco growers and eroding their profitability as the production costs increase.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Largest Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Leaf Only (United States), Whole Leaf Tobacco LLC (United States), Sopariwala Exports (India), Star Tobacco International (Turkey), Atmiya International (India), Leafcon International (India), NYC Tobacco Leaf LLC (United States), Leaf 2 Smoke (Canada), Tobacco and Tubes (India) and Capital Tobacco Ltd (Bulgaria) |
CAGR | 1.46% |
Segment Analysis
AMA Research have segmented the market of Global Raw Tobacco Leaves market by Type, Application and Region. On the basis of Type, Virginia are dominating the market in the year 2021
On the basis of geography, the market of Raw Tobacco Leaves has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2021.
Market Trend
Emerge lucrative for active vendors due to the continuous innovation in tobacco products and The rising demand due to government initiatives in selling raw tobacco leaves.
Market Drivers
High demand due to Increasing consumption of cigarettes in low- and medium-income economies and Upsurging popularity of the Cigarettes among the youngsters
Opportunities
High demand for smokeless tobacco products and ready availability of over the counter products in tobacco shops
Restraints
- The concern related to the growing illicit trade of tobacco
In addition to the aforementioned factor, High demand due to Increasing consumption of cigarettes in low- and medium-income economies
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
The global raw tobacco leaves market is highly influenced by the activities occurring in the entire supply chain of the tobacco industry. The tobacco industry is highly consolidated. So, the growth of raw tobacco leaves the market, and its vendors are highly impacted by the demand for the final product in which raw tobacco leaves are used, i.e., tobacco products.
The key Vendors profiled in the study are Leaf Only (United States), Whole Leaf Tobacco LLC (United States), Sopariwala Exports (India), Star Tobacco International (Turkey), Atmiya International (India), Leafcon International (India), NYC Tobacco Leaf LLC (United States), Leaf 2 Smoke (Canada), Tobacco and Tubes (India) and Capital Tobacco Ltd (Bulgaria). A lot of United States players are profiled in the research study indicating a strong market dependence.