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What’s Happening in Tobacco? Q1 2020

April 2020

In the latest in an ongoing series of quarterly briefings looking at major (and some minor) developments in the world of tobacco, we assess the latest performance of the major multinationals, important cannabis and NPD/NGP updates, the reviewed economic growth projections for the world’s key markets and what to look for in the next quarter.

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REGULATORY UPDATES (1)

FDA might lose tobacco regulatory authority

Despite the opposition of the public health community, the Trump administration plans to take tobacco control away from the responsibility of the FDA and create a new specific agency for tobacco and its impact on public health.

The FDA has recently been under scrutiny after the outbreak of the vaping crisis in the US, and this decision would allow the FDA to focus on its traditional mission of ensuring the safety of food and medical products supply, whereas the new agency would have greater capacity to respond to the growing complexity of new tobacco products.

New health warning approved in the US

The FDA issued a rule to require new health warnings on cigarette packages and cigarette advertisements in March 2020. Beginning in June 2021, the new warnings will feature textual statements with colour images depicting some of the serious but lesser-known health risks of cigarette smoking, such as cardiac disease or diabetes. The health warnings will appear prominently on cigarette packages and advertisements, occupying the top 50% of the area of the front and rear panels of cigarette packages and at least 20% of the area at the top of cigarette advertisements.

Regulatory updates (1)
Regulatory updates (2)
Regulatory updates (3)
Regulatory updates (4)
Taxation updates (1)
Taxation updates (2)
Taxation updates (3)
Taxation updates (4)
Prevalence updates
Market and product updates (1)
Market and product updates (2)
Market and product updates (3)
Market and product updates (4)
Market and product updates (5)
Illicit trade updates
Cannabis updates
Production updates
New product developments
PMI: strong HTP growth to partly offset cigarette volume declines
BAT: limited impact on 2020 results from COVID-19
JTI: international volume grows slightly while domestic declines
IMB : E -vapour below expectations due to regulatory uncertainty
The latest Euromonitor International macroeconomic forecasts
The latest Euromonitor International macroeconomic forecasts
The latest Euromonitor International macroeconomic forecasts
The latest Euromonitor International macroeconomic forecasts
What to look for in Q2 2020
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