Europe Cigar and Cigarillos Market Is Anticipated to Grow 110 Mn by 2024
According to a report by Persistence Market Research (PMR), sales of cigars and cigarillos in Europe surpassed 9000 Mn units in 2015. This number is expected to reach around 110 Mn by 2024-end. Growth will be sluggish with PMR projecting a 2.1% CAGR in terms of volume through 2024. Availability of several affordable alternative tobacco products is negative influencing demand for cigars and cigarillos. Efforts such as government mandate to include statutory warning on tobacco packaging and youth outreach programmes...
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