The global Heated Tobacco Products (HTPs) Market was appreciated at US$ 4.04 billion during 2017 and is expected to touch US$ 77.61 billion by 2025. It is estimated to witness a CAGR of 52.56% during the period of forecast.
The development of the heated tobacco
products market is motivated by the stable reduction in the sales of cigarette
and growing demand for the products having possibly less risk. The demand for
the Heat-Not-Burn (HNB) products is expected to additionally intensify due to
the existence of low-slung level of chemicals and nicotine in it. Heat-Not-Burn
(HNB) devices do not generate smoke and are usable several times.
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Market Synopsis of Heated Tobacco Products Market:
The fitness hazards linked with
munching tobacco and cigarettes are expected to motivate the acceptance of
Heated Tobacco Products (HTPs), particularly by young people. The greater
demand and low-slung risks are estimated to inspire international companies to
capitalize in the market. Furthermore, easy endorsement from the U.S. Food and
Drug Administration (FDA) and corresponding controlling organizations from Asia
and Europe are expected to have potential for the development of the market.
For instance - Philip Morris International Inc. got endorsement from FDA in
2018 for its heated tobacco products to be vended in U.S.A.
Drivers and Restraints:
Growing prohibitions on cigarettes
and their manufacturing plants through diverse nation states together with
alertness about the hazardous properties of tobacco ingestion is motivating the
development of the heated tobacco products (HTPs) industry. On the other hand,
increasing admiration for e-cigarettes is expected to obstruct the development
of the market. These cigarettes are measured to be less injurious as they do
not comprise tobacco. This is expected to motivate their demand, and
consecutively retain the demand for Heated Tobacco Products at a certain level.
Classification:
The global heated tobacco
products market can be classified by Delivery Network, Type of Product, and
Region. By Delivery Network, it can be classified as Offline, Online. By Type
of Product, it can be classified as Leaf, Stick, Heat-not-burn tobacco
vaporizers, Heat-not-burn tobacco devices, Heat-not-burn tobacco capsules.
Regional Lookout:
By Region, the global heated
tobacco products industry can be classified as North America, Europe, Asia
Pacific, Central & South America, and Middle East & Africa. In 2018,
Asia Pacific seized the principal market share for heated tobacco products
(HTPs). It was around 73% of the entire global turnover. It is motivated by
increase in ingestion of iQOS brand heated tobacco products in the nations for
example Korea and Japan. Yet, strict guidelines concerning the usage of
e-cigarettes may possibly impede the development of provincial market.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Heated Tobacco Products:
Market Variables, Trends & Scope
Chapter 4 Heated Tobacco Products:
Product Estimates & Trend Analysis
Chapter 5 Heated Tobacco Products:
Application Estimates & Trend Analysis
Chapter 6 Heated Tobacco Products:
End-use Estimates & Trend Analysis
Chapter 7 Heated Tobacco Products:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Heated Tobacco Products:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Heated Tobacco
Products: Manufacturers Company Profiles
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