Dublin, July 01, 2020 (GLOBE NEWSWIRE) — The “Cigars – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis and the looming economic recession, the Cigars market worldwide will grow by a projected US$1.5 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 1.3%. Cigars, one of the segments analyzed and sized in this study, is forecast to grow at over 1.3% and reach a market size of US$17.3 Billion by the end of the analysis period.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Cigars market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 0.7% CAGR. Within Europe, Germany will add over