Insights on the Global Heat-not-burn Tobacco Products Market, Drivers, Restraints, Opportunities, and Threats

NEW YORK, September 21, 2022 /PRNewswire/ — The Heat-not-burn tobacco products market is expected to grow $22.22 billion, at a CAGR of 26.21% during the forecast period. The cost-effectiveness of heat-not-burn tobacco products, heat-not-burn tobacco products are relatively safer than traditional cigarettes, and a growing number of organized retail outlets is one of the main factors behind the market growth.

However, factors such as the rising popularity of smokeless tobacco products, distribution problems and increasing promotional activity by vendors will hamper market growth. Request a free sample report.

Heat-not-burn Tobacco Products Market Geography Landscape

APAC will account for 41% of market growth. The major markets in APAC for heat-not-burn tobacco products are Japan and China. The market of this region will grow faster than the markets of other regions. During the projection period, cost efficiency will support market expansion in APAC. The report dives deep into the market segmentation of heat-not-burn tobacco products by product (devices, capsules and vaporizers) and geography (APAC, North AmericaEurope, South America and MEA).

Heat Not Burn Tobacco Products Market Segmentation

The capsule sector will significantly increase its market share in heat-not-burn tobacco products. The second largest product category on the world market is heat-not-burn tobacco capsules. The market for heat-not-burn tobacco capsules is highly consolidated, with only a few local and international suppliers.

The global non-heating tobacco capsules market is set to grow during the projected period due to the increasingly organized retail outlets around the world and increased consumer awareness of the benefits of using non-heating tobacco products. Buy sample report.

The market is fragmented and vendors employ various organic and inorganic growth strategies to compete in the market.

The story goes on

The growing competition in the market is forcing providers to adopt various growth strategies such as promotional activities and advertising spending to improve the visibility of their services. Some vendors are also employing inorganic growth strategies such as M&As to remain competitive in the market.

Covered companies:

• Altria Group Inc.

• Ballantyne Brands LLC

• British American Tobacco Plc

• Imperial Brands Plc

• Japan Tobacco Inc.

• Korea Tobacco & Ginseng Corp.

• PAX Labs Inc.

• Philip Morris International Inc.

• Shenzhen Yukan Technology Co.Ltd.

• Vapor Tobacco Manufacturing LLC

Find more highlights on vendor growth strategies and their product offerings and download the free sample report.

What our reports offer:

• Market share estimates for the segments at regional and country level

• Strategic recommendations for newcomers

• Market Trends (Drivers, Opportunities, Threats, Challenges, Investment Opportunities and Recommendations)

• Strategic recommendations in key business areas based on market assessments

• Competitive landscape design that maps key common trends

• Company profiling with detailed strategies, financial metrics and current developments

• Supply chain trends that reflect the latest technological advances

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Table of Contents

1. Summary

2 market landscape

3 market size

4 Five Forces Analysis

5 Market Segmentation by Product

6 customer landscape

7 Geographical Landscape

8 drivers, challenges and trends

9 provider landscape

10 Vendor Analysis

11 Appendix

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