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City and state records of tax-paid cigarettes show sales plummeting, despite stable smoking rates

Heat-not-burn segment growth expected 7.8% CAGR through 2034 concentrated in Asian expansion as regulatory environments increasingly recognized reduced-harm positioning and manufacturers expanded manufacturing capacity in Vietnam and Indonesia to support cost-competitive production serving regional markets

By Jerry on May 7, 2018 Nice mellow smoke

Tsujimoto Y, Numaga T, Ohshima K, Yano M-A, Ohsawa R, Goto DB, Naito S, Ishikawa M

While facing a long-term decline in cigarette sales, the company's pricing power and investments in non-combustible products, such as oral nicotine pouches, are presented as methods to sustain its cash generation and high payout