Asia Pacific Raw Tobacco Leaves Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Leaf Type (Virginia, Oriental, and Others) and Application (Smoking Tobacco, Moist and Dry Snuff, and Others)

Code: TIPRE00024733 | Pages: 102 | Industry: Food and Beverages | Date: Sep 2021
Covid

Market Introduction

The raw tobacco leaves market in Asia Pacific is segmented into China, India, Japan, and the rest of APAC. There are regulations and government policies on manufacturing and sales of raw tobacco leaves in the region. For instance, the Association of Southeast Asian Nations (ASEAN) governments committed to a vision and a "Regional Action Plan on Healthy ASEAN Lifestyles" at the 6th Health Ministers Meeting in 2002. The action plan, which identifies tobacco control as one of the priority policies issues, calls on member nations to adopt a Programme of Work on promoting healthy ASEAN lifestyles. Tobacco control entails drafting and implementing a national action plan in accordance with the World Health Organization's Framework Convention on Tobacco Control (WHO-FCTC) on topics, such as smuggling, tax, product advertising, distribution, sale, and agricultural production.

The COVID-19 is anticipated to cause a significant economic loss in Asia Pacific. The consequence and impact are likely to worsen with the spread of the virus. The governments of various Asia Pacific countries imposed lockdown in early 2020 to restrict the spread of the virus, which, in turn, negatively impacted the raw tobacco leaves market revenue. The government have asked the non-essential goods manufacturers to delay their production which will adversely affect the global supply of raw tobacco leaves. In several countries, tobacco products are classified as non-essential items, which has led to a diminished supply of raw tobacco leaves and tobacco products across the globe. Also, COVID-19 has been declared a respiratory disease and creates breathing issues owing to which people are avoiding using tobacco products. Tobacco smokers are being advised to quit smoking to lower the risk of getting infected by the virus. So, it can be said that the industry growth rate in the future can be severely affected owing to the ongoing COVID-19 situation.


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Market Overview and Dynamics

The raw tobacco leaves market in Asia Pacific is expected to grow from US$ 17,695.76 million in 2021 to US$ 19,721.66 million by 2028; it is estimated to grow at a CAGR of 1.6% from 2021 to 2028. Smallholder tobacco farmers often have low incomes, high expenditure on resources, high cost of land maintenance, and no reliable and sustainable food supply for their families because tobacco is grown in a specific season. Food insecurity and poverty are of concern in many of the world’s largest tobacco-growing countries, as increasing tobacco production diverts agricultural land that could otherwise be used to grow food. As a result, large transnational tobacco companies (TTC) are undertaking contract farming with the farmers. It typically involves legal agreements between smallholder farmers and large TTC, resulting in sharing of tobacco farming cost between both farmers and large TTC. Herein, companies support farmers through infrastructure, financial, and logistical benefits to ensure a continuous and sustained supply of raw material from the farmers. Through contract farming, not only the companies but also the farmers get benefitted, as it lessens the risk of production price and marketing cost. It also ensures higher production of better quality, financial support, and technical guidance to the farmers. Moreover, farmers' price risk is often reduced as many contracts specify prices in advance. In addition, companies with such investments are eliminating leaf merchants and intermediaries to centralize the overall industry. Such factors are expected to offer lucrative opportunities for various stakeholders and farmers in the raw tobacco leaves market during the forecast period.

Key Market Segments

In terms of leaf type, the Virginia segment accounted for the largest share of the Asia Pacific raw tobacco leaves market in 2020. Further, in term of application, the smoking tobacco held a larger market share of the raw tobacco leaves market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the raw tobacco leaves market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Universal Corporation; Sopariwala Exports; Alliance One International Inc.; Japan Tobacco International; British American Tobacco plc; Star Agritech International; BBM Bommidala Group; U.S. Tobacco Cooperative Inc.; and Leafcon International among others.

Reasons to buy report

  • To understand the Asia Pacific raw tobacco leaves market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific raw tobacco leaves market
  • Efficiently plan M&A and partnership deals in Asia Pacific raw tobacco leaves market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific raw tobacco leaves market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.

Asia Pacific Raw Tobacco Leaves Market Segmentation

Asia Pacific Raw Tobacco Leaves Market – By Leaf Type

  • Virginia
  • Oriental
  • Others

Asia Pacific Raw Tobacco Leaves Market – By Application

  • Smoking Tobacco
  • Moist and Dry Snuff
  • Others

Asia Pacific Raw Tobacco Leaves Market – By Country

  • China
  • Japan
  • India
  • Rest of Asia-Pacific 

Asia Pacific Raw Tobacco Leaves Market – Companies Mentioned

  • Universal Corporation
  • Sopariwala Exports
  • Alliance One International Inc.
  • Japan Tobacco International
  • British American Tobacco plc.
  • Star Agritech International
  • BBM Bommidala Group
  • U.S. Tobacco Cooperative Inc.
  • Leafcon International

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection

3.2.2        Primary Interviews

3.2.3        Hypothesis Formulation

3.2.4        Macro-economic Factor Analysis

3.2.5        Developing Base Number

3.2.6        Data Triangulation

3.2.7        Country Level Data

4.           Asia Pacific Raw Tobacco Leaves – Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.2.1        Bargaining Power of Suppliers

4.2.2        Bargaining Power of Buyers

4.2.3        Threat of Substitutes

4.2.4        Threat of New Entrants

4.2.5        Competitive Rivalry

4.3         Value Chain Analysis

4.3.1        Raw Material:

4.3.2        Manufacturing/Processing:

4.3.3        Packaging:

4.4         Expert Opinion

5.           Asia Pacific Raw Tobacco Leaves Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Boosting Consumption of Tobacco Products in Developing Countries

5.2         Market Restraints

5.2.1        Expanding Awareness About Harmful Effects of Tobacco Consumption

5.3         Market Opportunities:

5.3.1        Widening Strategic Investments

5.4         Future Trends

5.4.1        Commencement of Distinguished Premium Products

5.5         Impact Analysis of Drivers and Restraints

6.           Asia Pacific Raw Tobacco Leaves – Market Analysis

6.1         Raw Tobacco Leaves Market Overview

6.2         Raw Tobacco Leaves Market –Revenue and Forecast to 2028 (US$ Million)

7.           Asia Pacific Raw Tobacco Leaves Market Analysis – By Leaf Type

7.1         Overview

7.2         Asia Pacific Raw Tobacco Leaves Market, By Leaf Type (2020 and 2028)

7.3         Virginia

7.3.1        Overview

7.3.2        Virginia: Raw Tobacco Leaves Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Oriental

7.4.1        Overview

7.4.2        Oriental: Raw Tobacco Leaves Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Others

7.5.1        Overview

7.5.2        Others: Raw Tobacco Leaves Market – Revenue and Forecast to 2028 (US$ Million)

8.           Asia Pacific Raw Tobacco Leaves Market Analysis – By Application

8.1         Overview

8.2         Asia Pacific Raw Tobacco Leaves Market, By Application (2020 and 2028)

8.3         Smoking Tobacco

8.3.1        Overview

8.3.2        Smoking Tobacco: Raw Tobacco Leaves Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Moist and Dry Snuff

8.4.1        Overview

8.4.2        Moist and Dry Snuff: Raw Tobacco Leaves Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Others

8.5.1        Overview

8.5.2        Others: Raw Tobacco Leaves Market – Revenue and Forecast to 2028 (US$ Million)

9.           Asia Pacific Raw Tobacco Leaves Market – Country Analysis

9.1         Overview

9.1.1        Asia Pacific: Raw Tobacco Leaves Market, by Key Country

9.1.1.1          China: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

9.1.1.1.1          China: Raw Tobacco Leaves Market, by Leaf Type

9.1.1.1.2          China: Raw Tobacco Leaves Market, by Application

9.1.1.2          India: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

9.1.1.2.1          India: Raw Tobacco Leaves Market, by Type

9.1.1.2.2          India: Raw Tobacco Leaves Market, by Application

9.1.1.3          Japan: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

9.1.1.3.1          Japan: Raw Tobacco Leaves Market, by Leaf Type

9.1.1.3.2          Japan: Raw Tobacco Leaves Market, by Application

9.1.1.4          Rest of Asia Pacific: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

9.1.1.4.1          Rest of Asia Pacific: Raw Tobacco Leaves Market, by Leaf Type

9.1.1.4.2          Rest of Asia Pacific: Raw Tobacco Leaves Market, by Application

10.        Asia Pacific Raw Tobacco Leaves Market – Impact of Coronavirus Outbreak

10.1      Impact of COVID-19 Pandemic on Asia Pacific Raw Tobacco Leaves Market

11.        Company Profiles

11.1      Universal Corporation

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      Sopariwala Exports

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      Alliance One International Inc.

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4      British American Tobacco plc.

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      Leafcon International

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6      BBM Bommidala Group

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

11.7      Star Agritech International

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

11.8      U.S. Tobacco Cooperative Inc.

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.8.6     Key Developments

11.9      Japan Tobacco International

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products and Services

11.9.4     Financial Overview

11.9.5     SWOT Analysis

11.9.6     Key Developments

12.        Appendix

12.1      About The Insight Partners

12.2      Word Index

LIST OF TABLES

Table 1.             Asia Pacific Raw Tobacco Leaves Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             Asia Pacific Raw Tobacco Leaves Market, by Leaf Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Asia Pacific Raw Tobacco Leaves Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4.             China Raw Tobacco Leaves, by Leaf Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             China Raw Tobacco Leaves, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6.             India Raw Tobacco Leaves, by Leaf Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             India Raw Tobacco Leaves, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Japan Raw Tobacco Leaves, by Leaf Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Japan Raw Tobacco Leaves, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Rest of Asia Pacific Raw Tobacco Leaves, by Leaf Type – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Rest of Asia Pacific Raw Tobacco Leaves, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 12.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Asia Pacific Raw Tobacco Leaves Market Segmentation

Figure 2.           Asia Pacific Raw Tobacco Leaves Market Segmentation – By Country

Figure 3.           Asia Pacific Raw Tobacco Leaves Market Overview

Figure 4.           Asia Pacific Raw Tobacco Leaves Market, By Type

Figure 5.           Asia Pacific Raw Tobacco Leaves Market, By Country

Figure 6.           Asia Pacific Raw Tobacco Leaves Market, Industry Landscape

Figure 7.           Porter ‘s Five Forces Analysis for Raw Tobacco Leaves Market

Figure 8.           Value Chain: Raw Tobacco Leaves

Figure 9.           Expert Opinion

Figure 10.        Asia Pacific Raw Tobacco Leaves Market Impact Analysis of Drivers and Restraints

Figure 11.        Asia Pacific: Raw Tobacco Leaves Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Asia Pacific Raw Tobacco Leaves Market Revenue Share, By Leaf Type (2020 and 2028)

Figure 13.        Virginia: Raw Tobacco Leaves Market – Revenue and Forecast To 2028 (US$ Million)

Figure 14.        Oriental: Raw Tobacco Leaves Market – Revenue and Forecast To 2028 (US$ Million)

Figure 15.        Others: Raw Tobacco Leaves Market – Revenue and Forecast To 2028 (US$ Million)

Figure 16.        Raw Tobacco Leaves Market Revenue Share, By Application (2020 and 2028)

Figure 17.        Smoking Tobacco: Raw Tobacco Leaves Market – Revenue and Forecast To 2028 (US$ Million)

Figure 18.        Moist and Dry Snuff: Raw Tobacco Leaves Market – Revenue and Forecast To 2028 (US$ Million)

Figure 19.        Others: Raw Tobacco Leaves Market – Revenue and Forecast To 2028 (US$ Million)

Figure 20.        Geographic Overview of Asia Pacific Raw Tobacco Leaves Market

Figure 21.        Asia Pacific: Raw Tobacco Leaves Market Revenue Share, by Key Country (2020 and 2028)

Figure 22.        China: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 23.        India: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 24.        Japan: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 25.        Rest of Asia Pacific: Raw Tobacco Leaves Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 26.        Impact of COVID-19 Pandemic on Raw Tobacco Leaves Market in Asia Pacific

  1. Universal Corporation
  2. Sopariwala Exports
  3. Alliance One International Inc.
  4. Japan Tobacco International
  5. British American Tobacco plc.
  6. Star Agritech International
  7. BBM Bommidala Group
  8. U.S. Tobacco Cooperative Inc.
  9. Leafcon International
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific raw tobacco leaves market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific raw tobacco leaves market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the raw tobacco leaves market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution  
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