Tobacco Testing Market - Forecast(2023 - 2028)

The changing consumer preferences and stricter business regulations are providing a new range of business opportunities for the tobacco testing market. The EU’s Tobacco Products Directive (TPD2), and the U.S. Food and Drug Administration impose certain regulations with regards to the production of tobacco and other related products. This has forced the leading tobacco manufacturers to shut down their manufacturing units in developed markets. These manufacturing companies are now focusing on increasing their market share in developing countries.  The global Tobacco Testing Market is estimated to grow at a CAGR of 4.51% during the forecast period 2018–2023. Asia-Pacific is forecast to be the fastest growing market with a CAGR of 6.03%, which can be mainly attributed to the increase in manufacturing units in this region. 

The changing business environment in the tobacco market has provided both challenges and opportunities to the suppliers of laboratory testing equipment. Adapting to customers’ evolving needs and developing the fragmented tobacco market are some of the challenges faced by the tobacco testing market. The determination of the nicotine level is of particular importance to the tobacco industry and in the area of toxicology. Gas chromatography, high pressure liquid chromatography, and gas chromatography–mass spectrometry are some of the analytical methods that are used to determine the nicotine or toxicity level in tobacco products. Most of the testing equipment in the tobacco market so far have been designed to meet the requirements of uniform products such as conventional cigarettes. 

The strict regulations imposed by the government bodies have also opened up opportunities for the tobacco testing market. As a result, tobacco manufacturers are seeking testing services from reputed and accredited laboratories. With the tobacco market being more fragmented and complex, manufactures are seeking for equipment with more precision, flexibility, greater automation, and the ability to measure on various parameters, thus providing consistent results. The recent developments in testing equipment and services reflect the suppliers’ efforts to serve the evolving market. For example, Essentra Scientific Services has greatly increased its capacity for e-cigarettes testing even before the introduction of TPD2. The suppliers of the tobacco testing market have also designed equipment to face the challenges related to Industry 4.0.   

The growing health awareness among people and technological developments aiding safer smoking are driving the growth of the tobacco testing market. Tobacco manufacturers are focusing on tapping a wider consumer base and increasing their profits by investing in R&D. Moreover, manufacturers are also heavily investing in testing services and manufacturing products that are less harmful and toxic. These are some of the growth drivers of the market.  

Adapting to customers’ evolving needs and developing the fragmented tobacco market are some of the challenges faced by the tobacco testing market. The suppliers should design equipment and testing services that are capable of overcoming challenges related to Industry 4.0.

 

 

 

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of equipment that will be used for testing tobacco. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of testing equipment, and their specific applications in different types of testing.

Types of Equipment: Smoking Machine, Desktop Instrument, Tabletop Instrument, and Others

By Service: Spectrometric Method, Gas Chromatographic Method, NDIR Method, and Others

By End User: Tobacco Manufactures, Third Party Testers.

The tobacco testing market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include: