Organic Tobacco Market Will hit at a CAGR 6.2% during 2016– 2026
Future Market Insights has announced the addition of the “Organic Tobacco Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
Future Market Insights has announced the addition of the “Organic Tobacco Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
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<strong>Organic</strong> <strong>Tobacco</strong> <strong>Market</strong><br />
Global <strong>Organic</strong> <strong>Tobacco</strong> Production to Surpass 22,000 Tonnes by End of <strong>2026</strong>: Future <strong>Market</strong> Insights<br />
Benefits of consuming n<strong>at</strong>ural or organic products haven’t ceased to influence the choices of consumers<br />
from all corners of the world. Gaining popularity of trends th<strong>at</strong> promote the use of organic products over<br />
fortified ones has also succeeded in changing the tobacco preferences of smokers. The upsurge in global<br />
demand for organic tobacco signifies the rise in health consciousness even among occasional and heavy<br />
smokers.<br />
According to Future <strong>Market</strong> Insights, an estim<strong>at</strong>ed 12,320 tonnes of organic tobacco was consumed<br />
globally by 2016 end. Apropos the report, titled “<strong>Organic</strong> <strong>Tobacco</strong> <strong>Market</strong>: Global Industry Analysis &<br />
Opportunity Assessment, 2016-<strong>2026</strong>,” the growth of global organic tobacco market, in terms of volume,<br />
is projected to register a <strong>6.2%</strong> <strong>CAGR</strong> and reach 22,463 tonnes towards the close of <strong>2026</strong>. With tobacco<br />
being one of the most profitable crops, farmers from around the world are readily adopting organic<br />
farming techniques to partake in the growth of global organic tobacco market.<br />
Although, organic cultiv<strong>at</strong>ion of tobacco takes more time to deliver crop yield, compared to conventional<br />
tobacco cultiv<strong>at</strong>ion methods. Furthermore, organic tobacco cultiv<strong>at</strong>ion is impacted as governments of<br />
several countries have imposed strict regul<strong>at</strong>ions regarding consumption as well as production of<br />
tobacco. Even still, the global organic tobacco market, which is presently valued <strong>at</strong> nearly US$ 135<br />
million, is anticip<strong>at</strong>ed to register a 7.5% <strong>CAGR</strong> and rake in more than US$ 270 million worth of revenues<br />
by <strong>2026</strong>-end.<br />
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