The long-term dynamics of the global market of Tobacco Cigarettes may be characterized as stagnating with US$-terms CAGR exceeding -1.2%
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There are signs that consumers are swapping combustible cigarettes for less harmful HTP, driven in part by the high rates of taxation on combustible products compared to HTP in some markets.[16] HTP sales are even predicted to overtake cigarette sales in countries such as Lithuania and Hungary in the next few years, with consumers in these countries adopting HTP at a faster rate than Japan.[17] we estimate that 69 countries currently allow the sale of HTP HTP are the largest safer nicotine product category by market share, outcompeting even vapes.[18] This is mainly because HTP devices cost more than vapes, and it should be noted that more vapes are sold compared to HTP
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