Roll Your Own Tobacco Products Market to Record 4.0% CAGR

Newark, Nov. 03, 2022 (GLOBE NEWSWIRE) — According to The Brainy Insights, the roll-your-own tobacco products market growing at a CAGR of 4.0% from 2022 to 2030. Rising demand for hand-rolling tobacco products among young people, especially in developed countries such as the UK, France and the US, is expected to drive market growth. In addition, higher taxes on factory-made FM cigarettes have also prompted smokers to switch to roll-on cigarettes.

Product innovation, launches and growing distribution of rolling papers and filter tip category are also expected to drive the market growth. For example, in June 2020, Greenlane Holdings, Inc., a leading distributor of cannabis accessories and vaping products, made VIBES rolling papers available throughout Europe and Canada. These papers burn slowly and enhance the consumer experience.

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Hand-rolled cigarettes are also preferred by consumers to reduce the smoking habit because they allow the smoker to adjust the amount of tobacco. Also, since these take a bit of preparation time before they are consumed, this is likely to reduce smoking among consumers. Additionally, rolling cigarettes is seen as a less harmful alternative to FM cigarettes.

Cigarette consumption has increased among women in European countries. Initially in developed countries, cigarettes were reserved for men, but now their consumption has increased among women and decreased among men. The smoking rate among women in many European countries is close to 30-40%.
Companies operating in this market need to carry out continuous research and development activities to offer better quality tobacco and innovative flavors to compete in the market. Traditionally, RYO tobacco products were viewed as budget-priced tobacco products, however, with the increasing penetration of hand-rolled cigarettes, manufacturers are coming up with innovative products that provide a rich experience for consumers. These market trends are expected to drive the demand over the forecast period.

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Key players

1. British American Tobacco
2. Philip Morris International3. Scandinavian Tobacco Group A/S
4. Altria Group, Inc.
5.HBI International
6. Curved Papers, Inc.
7. Tips for filtering karma
8. Make the brands shine
9. Japan Tobacco International
10. Imperial Marks

Market segmentation

• Product information

o RYO Tobacco
o Filter paper and tips
o Rolling paper & Cigarette tubes
o Injector

• Information on distribution channels

on line

Regional overviews

o North America

 United States

o Europe

 Germany
 United Kingdom
 Netherlands
 Finland

o Asia-Pacific

 China
 India
 Japan
 Australia

o Central and South America

 Brazil
o Middle East and Africa

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About the report:

The global Roll Your Own Tobacco Products market is analyzed on the basis of value (Billion USD). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each part. The report offers an in-depth analysis of the drivers, opportunities, restraints and challenges to gain a critical overview of the market. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, Supply, Demand Analysis, Competitor Position Grid Analysis, distribution and marketing channel analysis.

About The Brainy Insights:

The Brainy Insights is a market research company focused on providing businesses with actionable insights through data analytics to improve their business acumen. We have a robust forecasting and estimating model to meet customers’ high-quality production goals in a short period of time. We provide custom (customer specific) and syndicated reports. Our union reporting repository is diverse across all domain categories and subcategories. Our customized solutions are designed to meet customer requirements, whether they are looking to expand or planning to launch a new product in the global market.

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