Market Share of Tobacco Industry
The global tobacco market is consolidated and comprises a few large players who hold most of the share in the market. Some of the major players in the market are Philip Morris International Inc., British American Tobacco plc, Imperial Brands plc, Eastern Company SAE, and ITC Limited, among others. With increased industry regulation worldwide, the launching of new products, mergers, and acquisitions have also increased, which are the major cause of acquiring a huge share in the market. The manufacturer is majorly concentrating on enhancing their product quality to obtain a competitive edge over other players in the market. Advanced distribution network and manufacturing expertise give an upper edge to the manufacturers to expand their range of products across the world.
Tobacco Market Leaders
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Philip Morris International Inc.
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British American Tobacco plc
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Imperial Brands plc
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Eastern Company SAE
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ITC Limited
*Disclaimer: Major Players sorted in no particular order
