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Tobacco Market Strategies 2020 – Industry Outlook 2028, Worldwide Research Trends

  The  tobacco market  is estimated to be valued at  $901,361.8 million by 2028 , surging from  $744,167.80 million in 2020 , at a noteworthy  CAGR of 2.5% . Impact Analysis of COVID-19 on the Tobacco Market The COVID-19 pandemic had a negative impact on the tobacco market. Due to strict lockdown, the raw materials for tobacco product manufacturing were unable to reach the manufacturing units due to which the product manufacturing was delayed. This factor has decreased the market of tobacco products during the pandemic. Also, shutdown of stores and shops negatively impacted the sales of tobacco products. Moreover, many researchers claimed that tobacco consumption is likely increase the risk of COVID-19 infection in the people. For instance, according to a research paper, ‘The Effect of Smoking on COVID-19 Symptom Severity: Systematic Review and Meta-Analysis’, published on September 09, 2020, continuous smoking is clearly associated with severe COVID-19. This factor is likely to impede