The Global Hot Tobacco Market Report by The Business Research Company covers hot tobacco market drivers and restraints, hot tobacco market size, major players, and the impact of COVID-19 on the hot tobacco market.
The hot tobacco products market consists of sales of hot tobacco products and its related services. Hot tobacco is also known as heated tobacco or heat-not-burn tobacco or hybrid tobacco. Heated Tobacco Products (HTPs) produce aerosols containing nicotine and other chemicals, which are inhaled by users through the mouth. These use specific tobacco products to be heated at temperatures below combustion levels. Hot tobacco products release flavors with nicotine and allow the user to enjoy tobacco without combustion.
The approvals by the government bodies are anticipated to drive the demand for the hot tobacco products market during the period. The global hot tobacco market is expected grow from $7.53 billion in 2020 to $10.63 billion in 2021 at a compound annual growth rate (CAGR) of 41.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $42.41 billion in 2025 at a CAGR of 41%.
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Some hot tobacco market trends include the increasing popularity of e-cigarettes, which is projected to limit the growth of the hot tobacco market. E-cigarettes are battery-powered devices and are considered less harmful as they do not contain tobacco. These devices vaporize liquid which contains nicotine to imitate conventional smoking.
Global hot tobacco market segments include:
1) By Product: HnB Tobacco Devices, Direct/Indirect Heating HnB Tobacco, Infused/Hybrid HnB Tobacco Devices, HnB Tobacco Consumables, HnB Tobacco Sticks, HnB Tobacco Capsules & Cartridges.
2) By Type: Devices, Capsules, Vaporizers.
3) By Distribution Channel: Retail Stores, Online.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Hot Tobacco Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides hot tobacco market overviews, analyzes and forecasts market size, share, hot tobacco market players, hot tobacco market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The hot tobacco market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Hot Tobacco Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Philip Morris International, Japan Tobacco International (JTI), British American Tobacco, Imperial Brands, KT&G Corp., Eli Lilly and Company, RJ Reynolds Vapor Company (RJRVC), Shenzhen AVBAD Technology Company Ltd., Pax Labs, Vapor Tobacco Manufacturing, Shenzhen Royal Tobacco Industrial Limited (Royal Tobacco), JOUZ, Shenzhen Yukan Intelligent Technology Co. Ltd., Anlerr, HI TASTE, Shenzhen Kamry Technology, Yetr Amus, Shenzhen Yunxi Technology, AIIR Technology (Shenzhen), Buddy Technology Development, Shenzhen Original Technology, Fog & Frog Technology (Shenzhen), YanB Technology Shenzhen, Coeus, CCBATO, Dongguan Hawei Electronic Technology Limited, Dongguan Cigwin Technology, Shenzhen Keeptech Electronics.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Hot Tobacco Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Hot Tobacco Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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