Raw Tobacco Leaves Market Forecasts to 2028 – Global Analysis By Buying Module (Leaf Merchants, Farmers), Leaf Type (Burley, Blends), Application (Dissolvable Products, Smoking Tobacco, Moist & Dry Snuff) and By Geography
According to Stratistics MRC, the Global Raw Tobacco Leaves Market is accounted for $30,586.39 million in 2020 and is expected to reach $40,276.44 million by 2028 growing at a CAGR of 3.5% during the forecast period. Inclination towards the use of different anti-depressants and stimulants, rapidly changing lifestyles due to growing population and flavored cigarettes and e-cigarettes are driving the market growth. However, higher levels of education and raising awareness about different health issues are hampering the growth of the market.
Some of the key players profiled in the Raw Tobacco Leaves+ Market include Atmiya International, Leafcon International, Whole Leaf Tobacco, Alliance One International, BTA- British American Tobacco, Associated Tobacco Company, Universal Corporation, BBM Bommidala Group, Star Agritech International, JT Group, U.S. Tobacco Cooperative Inc., and Sopariwala Exports.
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The Global Raw Tobacco Leaves Market is majorly driven by inclination towards the use of different anti-depressants and stimulants, rapidly changing lifestyles due to growing population and flavored cigarettes and e-cigarettes. The virginia segment is growing at a highest CAGR owing to usage in almost every cigarette mixture and is grown, harvested, cured, and processed in a variety of methods. North America dominated with a significant market share due to the factors such as favourable climatic conditions in few countries like USA and the rise in demand from the region. Asia Pacific market is growing at a highest CAGR owing to the heavy consumption of tobacco in countries such as China, Bangladesh, India, and intensive brand campaigns by prominent tobacco companies are likely to increase the market growth.
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By geography, Asia Pacific is going to have high growth during the forecast period due to the due to heavy consumption of tobacco in countries such as China, Bangladesh, India, and intensive brand campaigns by prominent tobacco companies are likely to increase the market growth. Moreover, China is the largest market in the region, with a substantial percentage of its population consuming tobacco products.Some of the key players profiled in the Raw Tobacco Leaves+ Market include Atmiya International, Leafcon International, Whole Leaf Tobacco, Alliance One International, BTA- British American Tobacco, Associated Tobacco Company, Universal Corporation, BBM Bommidala Group, Star Agritech International, JT Group, U.S. Tobacco Cooperative Inc., and Sopariwala Exports.
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