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What’s Happening in Tobacco? Q4 2020

January 2021

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)

Delay of graphic warnings in the US

RJ Reynolds Tobacco Co, Liggett Group and ITG Brands, along with cigarette retailers, asked a Texas federal court to delay the effective date of the US Food and Drug Administration’s new requirement for graphic warning labels on cigarette packs from October 2021 to January 2022. The companies argued they would suffer irreparable harm if they were forced to spend millions to comply with a rule that might soon be invalidated. In December 2020, the District Court postponed the effective date until January 2022. The FDA intends to revise its relevant guidance documents related to the rule with the new effective date.

New warnings on cigarette filters in the EU

The EU is likely to introduce new warning symbols for cigarette packs to bring attention to the plastic contained in cigarette filters. The new warnings, which are to cover at least 3.92 sq cm of the box, are due to be added to cigarette packs by summer 2021. One warning on a red background shows a finger flicking away a stub, another on a blue background shows a turtle and a crossed out cigarette. The text “Plastic in Filter” is written underneath.

In Brief

Regulatory updates (1)
Regulatory updates (2)
Regulatory updates (3)
Regulatory updates (4)
Regulatory updates (5)
Taxation updates
Prevalence updates
Market and product updates (1)
Market and product updates (2)
Market and product updates (3)
Market and product updates (4)
Illicit trade updates
Cannabis updates (1)
Cannabis updates (2)
Cannabis updates (3)
Cannabis updates (4)
New product developments

In Depth

PMI: COVID-19 leads to volume sales declines across regions
BAT: profit and revenue forecast adjusted upwards
JTI: volume sales forecast adjusted upwards for 2020
IMB: improved net revenue driven by moderation in NGP declines

Macroeconomic Update

The latest Euromonitor International macroeconomic forecasts
The latest Euromonitor International macroeconomic forecasts (1)
The latest Euromonitor International macroeconomic forecasts (2)
Global risks m ap

Q3 Talking Points

What to look for in Q1 2021
Passport Cannabis
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