Roll-Your-Own Tobacco Products Market Size Report, Share & Forecast 2029

Roll-Your-Own Tobacco Product Market touched USD 29.5 billion in 2021 and is projected to reach USD 40.1 billion in 2029 growing at a CAGR of 3.9%.

Roll-Your-Own Tobacco Product Market touched USD 29.5 billion in 2021 and is projected to reach USD 40.1 billion in 2029 growing at a CAGR of 3.9%.

The factors driving the growth of Roll your own Tobacco Product Market includes rise in the smoking population around the world, increasing consumption of tobacco products amongst millennials and availability of cigarette products at online platforms and retail stores. Moreover, introduction of innovative flavors such as mint, eucalyptus and berries, rapid urbanization and rise in the number of supermarkets, pharmacies, and liquor stores across the globe, are some of the additional factors supplementing the Roll-Your-Own Tobacco Products Market size. In addition, the increasing investments by major corporations on promotion and advertisements related activities, growing influence of social media platforms, rising disposable incomes and growing population growth rates, are further contributing to the market growth.

Request a free sample of this report

However, growth of the Roll your own Tobacco Product Market is hindered due to growing popularity of e-cigarettes.

The prominent players operating in the Roll your own Tobacco Product Market are Japan Tobacco International, HBI International, Curved Papers, Inc., Karma Filter Tips, Shine Brands, Philip Morris International, Imperial Brands, Scandinavian Tobacco Group A/S, Altria Group, Inc., and British American Tobacco, among others. 

Based on Product, the RYO Tobacco segment is predicted to capture the largest market share during the forecast period

Roll your own tobacco products are considered less harmful as compared to filtered cigarette and rise in the launch of chemical- and additive-free tobacco products, are some of the factors pushing the growth of the segment.

Based on Distribution Channel, the Offline segment is projected to hold the highest market share over the forecast period

Offline retail outlets such as liquor stores, supermarkets and local newsstands offer wide range of tobacco products at a competitive rate, is propelling growth of the segment. 

Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period

Rise in the smoking population, easy availability of tobacco products at the online portals, increase in the launch of innovative flavors, rapid urbanization, and growing population growth rates, are some of the additional factors supplementing the market growth.

Key Development

  • In 2021, Philip Morris International (PMI) planned to invest in tobacco and nicotine products, which will help the company to meet the demand of potential customers in the developed markets. These products are known as Next Generation Products (NGPs) will include e-cigarettes, snus, and heated tobacco products (HTPs).

Market Segmentation

Segmentation Market by Product

  • Injector
  • Rolling Paper Cigarette Tubes
  • Filter Paper Tip
  • RYO Tobacco

Segmentation by Distribution Channel

  • Offline
  • Online

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/


Gmi Research

170 Blog posts

Comments