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2023-11-14Latest Update
Latest trading report shows ITC's tobacco business revenue up 8%
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Latest trading report shows ITC's tobacco business revenue up 8%

Key points: According to Tobacco Reporter on the 20th, ITC's tobacco business showed notable resilience this quarter, with net segment revenue and pre-tax profit rising 8.5% and 8% year over year, respectively.

quarter,company,business,revenue,growth2023-11-14Views 555
Global cigarette market expected to shrink by one-third by 2027
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Global cigarette market expected to shrink by one-third by 2027

Key points: According to experts at market research firm Euromonitor International, the global cigarette market is expected to decline by one-third by 2027 as tougher health regulations target smoking and reduced-risk products see major growth.

market,cigarettes,Western Europe,volume,tobacco2023-11-14Views 935
Zimbabwe partners on coal facilities to help tobacco farmers cut production costs
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Zimbabwe partners on coal facilities to help tobacco farmers cut production costs

Key points: According to NewsDay on the 18th, Zimbabwean tobacco farmers welcomed cooperation among the Tobacco Industry and Marketing Board (TIMB), Kutsaga, and Hwange Colliery Company Limited on a coal project aimed at reducing production costs and addr

Zimbabwe,tobacco,farmers,negative impact,production costs2023-11-14Views 955
Tobacco tax revenue falls in Central Java as vape market expansion poses threat
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Tobacco tax revenue falls in Central Java as vape market expansion poses threat

Key points: According to Antara News on October 13, data from the Customs and Excise Supervision and Service Office (KPPBC) in Central Java, Indonesia, show that as of the third quarter of 2023, the province had achieved only 64.6% of its revenue target.

Indonesia,target,tax revenue,market,Indonesia2023-11-14Views 894
Vape market report: Vuse remains on top as Juul share declines
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Vape market report: Vuse remains on top as Juul share declines

Key points: According to Vaping360 on the 24th, a new Nielsen convenience store report showed that R.J. Reynolds' Vuse continued to lead the vape market in the four weeks ending October 7.

Reynolds,market share,vaping,United States,Nielsen2023-11-14Views 497
Tobacco packaging market expected to reach $25 billion by 2030
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Tobacco packaging market expected to reach $25 billion by 2030

Key points: According to a report published by GlobeNewswire on the 26th, the global tobacco packaging market was valued at $17.63 billion in 2022 and is projected to grow from $18.23 billion in 2023 to $25.24 billion by 2030, at a CAGR of 4.76% during th

tobacco,market,USD,plastic,plastic packaging2023-11-14Views 412
Tempe raises legal age to buy tobacco products from 18 to 21
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Tempe raises legal age to buy tobacco products from 18 to 21

Key points: ABC15 reported on the 26th that after a second and final public discussion on Thursday evening, the Tempe City Council in Arizona unanimously passed an ordinance raising the legal age to buy tobacco products from 18 to 21.

tobacco,ordinance,United States,legal age,products2023-11-14Views 350