The global tobacco market has been witnessing stagnant growth over the past few years. Factors such as strong distribution channels, the rising number of smokers, and the introduction of low-risk and light tobacco products targeting female users are sustaining the market growth.

According to the latest report by IMARC Group, titled “Tobacco Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global tobacco market reached a volume of more than 8 Million Tons in 2018. Tobacco refers to a stimulant that triggers complex biochemical and neurotransmitter disruptions. It is prepared by curing the leaves of the tobacco plant, belonging to the Solanaceae family, through the process of drying and fermentation.