The Tobacco Product Manufacturing industry is in a state of rapid decline. Rising health awareness, advertising restrictions, black market trade and ever increasing taxes have created a challenging environment for the few producers left in the United Kingdom. As a result, the only two producers of manufactured cigarettes have entered consolidation phases and are shifting their production plants abroad. Once these moves have been completed, the industry will have almost disappeared. Industry revenue is expected to decline at a compound annual rate of 11.4% over the five years through 2015-16, reaching £6.2 billion. This includes a contraction of 25.8% during the current year.
This industry includes companies that manufacture cigarettes, fine-cut tobacco, cigars, pipe tobacco and snuff. The industry also includes firms that stem and re-dry tobacco leaf.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.