Around 6.5 trillion cigarettes are marketed worldwide. Amid the demand for cigarettes, it turns out that there are 10 largest companies in the world cigarette market. Are you curious to know those companies? Read more below.
As a superpower and big country, we will assume that the potentate of cigarettes market in the world are companies in America. Yet the fact, China National Tobacco Company (CNTC) from China is the one who dominates the world’s cigarette market.
Based on research conducted by Euromonitor International in 2017, 40% of the world’s cigarette market is controlled by the China National Tobacco Company.
The accomplishment of the Chinese companies mentioned is also influenced by a large number of their population. Nevertheless, apart from that factor, the taste and quality of tobacco owned by the company also influence the market sales of the company’s products.
Relax, the big cigarette companies in the world aren’t just that. Want to know more about other companies and their products too? Read this article ‘till the end, there will be a list of the ten largest cigarette companies in the world.
The biggest cigarette company from China is a company owned by the government. Yes, we are talking about the China National Tobacco Company (CNTC).
The company was founded in 1982. About 42.6% of the world’s cigarette market has been controlled by this company according to research in 2017. This makes this company as the largest cigarette producer in the world.
The company is headquartered in Beijing, it participates 6% of a total of 2.7 trillion dollars in the Chinese government’s revenue. CNTC controls the cigarette market in its own country to 97% in 2018.
Hongasthan is the flagship cigarette of this company among the 30 products they produce. Not only that, but China Tobacco is also famous for the highest quality cigarette, namely Chunghwa.
With its popularity, the focus of CNTC sales is concentrated on cigarettes in China and only 1% in foreign markets.
Even with a smaller number on the world market than at homeland, CNTC continues to increase its sales by marketed brands such as RDG, Dubliss, and Harmony in the global market.