As per the World Health Organization (WHO), Europe witnesses the highest prevalence of tobacco use, which is 29% of the worldwide tobacco consumption. The demand for cigarettes is increasing in different age groups, which is the major factor driving Europe Cigarette Market. The cigarette consumption trend is rising among adult and young population, even after the implementation of government initiatives to combat tobacco consumption.
Some of the Main Key Players Covered in the Report
- Philip Morris Products S.A.
- Japan Tobacco International AG
- British American Tobacco p.l.c.
- Imperial Brands PLC
- Bulgartabac Holding
- Korea Tobacco & Ginseng Corporation
- Heintz Van Landewyck
- Karelia Tobacco Company Inc.
- European Tobacco
- Continental Tobacco Group
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Philip Morris International Completes the 100% Acquisition of Costa Rican Affiliates
As per the report, Europe cigarette market highlights some of the major market shareholders significantly driving the market. These companies are mentioned below:
Manufactures continue to focus on new product launches and acquisitions to increase their customer base and broaden product portfolio. These manufacturers produce new cigarettes as per age group and gender preferences. Some of the recent development made by companies are mentioned below:
March 2018: Philip Morris International announced the acquisition of the remaining 49% interest in Mendiol S.A. and Tabacalera Costarricense. With this acquisition of US$ 95 million, the company now owns 100% of these Costa Rican affiliates.