Table of Contents
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 21
1.1.1 GLOBAL RAW TOBACCO LEAVES MARKET, BY LEAF TYPE 21
1.1.2 GLOBAL RAW TOBACCO LEAVES MARKET, BY BUYING MODULE 22
1.1.3 GLOBAL RAW TOBACCO LEAVES MARKET, BY APPLICATION 23
1.1.4 GLOBAL RAW TOBACCO LEAVES MARKET, BY REGION 24
2 MARKET INTRODUCTION
2.1 SCOPE OF THE STUDY 25
2.2 RESEARCH OBJECTIVE 25
2.3 MARKET STRUCTURE 26
2.4 KEY BUYING CRITERIA 26
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 27
3.2 PRIMARY RESEARCH 28
3.3 SECONDARY RESEARCH 29
3.4 MARKET SIZE ESTIMATION 30
3.5 FORECAST MODEL 31
3.6 LIST OF ASSUMPTIONS & LIMITATIONS 32
4 HISTORICAL VALUE OF GLOBAL RAW TOBACCO LEAVES MARKET, BY REGION
5 MARKET INSIGHTS
6 MARKET DYNAMICS
6.1 INTRODUCTION 36
6.2 DRIVERS 37
6.2.1 INCREASING CONSUMPTION OF CIGARETTES IN LOW- AND MEDIUM-INCOME COUNTRIES 37
6.2.2 DRIVER IMPACT ANALYSIS 38
6.3 RESTRAINT 38
6.3.1 GROWING ILLICIT TRADE 38
6.3.2 RESTRAINT IMPACT ANALYSIS 39
6.4 OPPORTUNITIES 39
6.4.1 INNOVATION IN TOBACCO PRODUCTS 39
6.4.2 GOVERNMENT INITIATIVES 40
6.5 CHALLENGE 40
6.5.1 REGULATORY RESTRICTIONS 40
7 MARKET FACTOR ANALYSIS
7.1 VALUE CHAIN ANALYSIS 41
7.1.1 RAW MATERIAL PROCUREMENT 42
7.1.1.1 FARMERS 42
7.1.1.2 AUCTION 42
7.1.1.3 LEAF MERCHANTS (LEAF COMPANIES) 43
7.1.2 PROCESSING 43
7.1.2.1 RAW TOBACCO 43
7.1.2.2 ROLLED TOBACCO 44
7.1.3 PACKAGING 45
7.1.4 STAKEHOLDERS AND MARGIN IN THE VALUE CHAIN 46
7.2 SUPPLY CHAIN ANALYSIS 49
7.3 PORTER’S FIVE FORCES MODEL 50
7.3.1 THREAT OF NEW ENTRANTS 51
7.3.2 BARGAINING POWER OF SUPPLIERS 51
7.3.3 BARGAINING POWER OF BUYERS 52
7.3.4 THREAT OF SUBSTITUTES 52
7.3.5 RIVALRY 52
7.4 IMPACT OF THE COVID-19 OUTBREAK ON GLOBAL RAW TOBACCO LEAVES MARKET 53
7.5 PRICING ANALYSIS OF RAW TOBACCO LEAVES, BY REGION 55
8 GLOBAL RAW TOBACCO LEAVES MARKET, BY LEAF TYPE
8.1 OVERVIEW 56
8.1.1 GLOBAL RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 57
8.2 VIRGINIA 59
8.2.1 VIRGINIA: MARKET ESTIMATES & FORECAST, BY REGION, 2014–2026 59
8.3 ORIENTAL 60
8.3.1 ORIENTAL: MARKET ESTIMATES & FORECAST, BY REGION, 2014–2026 60
8.4 BURLEY 61
8.4.1 BURLEY: MARKET ESTIMATES & FORECAST, BY REGION, 2014–2026 61
8.5 BLENDS 62
8.5.1 BLENDS: MARKET ESTIMATES & FORECAST, BY REGION, 2014–2026 62
9 GLOBAL RAW TOBACCO LEAVES MARKET, BY BUYING MODULE
9.1 OVERVIEW 63
9.1.1 GLOBAL RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 64
9.2 FARMERS 65
9.2.1 FARMERS: MARKET ESTIMATES & FORECAST, BY REGION, 2014–2026 65
9.3 AUCTION 66
9.3.1 AUCTION: MARKET ESTIMATES & FORECAST, BY REGION, 2014–2026 66
9.4 LEAF MERCHANTS 67
9.4.1 LEAF MERCHANTS: MARKET ESTIMATES & FORECAST, BY REGION, 2014–2026 67
10 GLOBAL RAW TOBACCO LEAVES MARKET, BY APPLICATION
10.1 OVERVIEW 68
10.1.1 GLOBAL RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 69
10.2 SMOKING TOBACCO 71
10.2.1 SMOKING TOBACCO: MARKET ESTIMATES & FORECAST, BY REGION, 2014–2026 71
10.3 CHEWING TOBACCO 72
10.3.1 CHEWING TOBACCO: MARKET ESTIMATES & FORECAST, BY REGION, 2014–2026 72
10.4 MOIST & DRY SNUFF 73
10.4.1 MOIST & DRY SNUFF: MARKET ESTIMATES & FORECAST, BY REGION, 2014–2026 73
10.5 DISSOLVABLE PRODUCTS 74
10.5.1 DISSOLVABLE PRODUCTS: MARKET ESTIMATES & FORECAST, BY REGION, 2014–2026 74
11 GLOBAL RAW TOBACCO LEAVES MARKET, BY REGION
11.1 OVERVIEW 75
11.1.1 GLOBAL RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY REGION, 2014–2026 76
11.2 NORTH AMERICA 78
11.2.1 NORTH AMERICA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY COUNTRY, 2014–2026 78
11.2.2 NORTH AMERICA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 79
11.2.3 NORTH AMERICA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE,
2014–2026 80
11.2.4 NORTH AMERICA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 81
11.2.5 US 82
11.2.5.1 US RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 82
11.2.5.2 US RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 83
11.2.5.3 US RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 84
11.2.6 CANADA 85
11.2.6.1 CANADA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 85
11.2.6.2 CANADA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 86
11.2.6.3 CANADA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 87
11.3 EUROPE 88
11.3.1 EUROPE RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY COUNTRY, 2014–2026 89
11.3.2 EUROPE RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 90
11.3.3 EUROPE RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 91
11.3.4 EUROPE RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 92
11.3.5 GERMANY 93
11.3.5.1 GERMANY RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 93
11.3.5.2 GERMANY RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 94
11.3.5.3 GERMANY RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 95
11.3.6 UK 96
11.3.6.1 UK RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 96
11.3.6.2 UK RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 97
11.3.6.3 UK RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 98
11.3.7 ITALY 99
11.3.7.1 ITALY RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 99
11.3.7.2 ITALY RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 100
11.3.7.3 ITALY RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 101
11.3.8 BULGARIA 102
11.3.8.1 BULGARIA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 102
11.3.8.2 BULGARIA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 103
11.3.8.3 BULGARIA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 104
11.3.9 POLAND 105
11.3.9.1 POLAND RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 105
11.3.9.2 POLAND RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 106
11.3.9.3 POLAND RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 107
11.3.10 PORTUGAL 108
11.3.10.1 PORTUGAL RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 108
11.3.10.2 PORTUGAL RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 109
11.3.10.3 PORTUGAL RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 110
11.3.11 HUNGARY 111
11.3.11.1 HUNGARY RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 111
11.3.11.2 HUNGARY RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 112
11.3.11.3 HUNGARY RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 113
11.3.12 SWITZERLAND 114
11.3.12.1 SWITZERLAND RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 114
11.3.12.2 SWITZERLAND RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE,
2014–2026 115
11.3.12.3 SWITZERLAND RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 116
11.3.13 GREECE 117
11.3.13.1 GREECE RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 117
11.3.13.2 GREECE RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 118
11.3.13.3 GREECE RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 119
11.3.14 BELGIUM 120
11.3.14.1 BELGIUM RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 120
11.3.14.2 BELGIUM RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 121
11.3.14.3 BELGIUM RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 122
11.3.15 REST OF EUROPE 123
11.3.15.1 REST OF EUROPE RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 123
11.3.15.2 REST OF EUROPE RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE,
2014–2026 124
11.3.15.3 REST OF EUROPE RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION,
2014–2026 125
11.4 ASIA-PACIFIC 126
11.4.1 ASIA-PACIFIC RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY COUNTRY, 2014–2026 127
11.4.2 ASIA-PACIFIC RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 128
11.4.3 ASIA-PACIFIC RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 129
11.4.4 ASIA-PACIFIC RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 130
11.4.5 CHINA 131
11.4.5.1 CHINA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 131
11.4.5.2 CHINA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 132
11.4.5.3 CHINA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 133
11.4.6 AUSTRALIA 134
11.4.6.1 AUSTRALIA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 134
11.4.6.2 AUSTRALIA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 135
11.4.6.3 AUSTRALIA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 136
11.4.7 INDONESIA 137
11.4.7.1 INDONESIA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 137
11.4.7.2 INDONESIA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 138
11.4.7.3 INDONESIA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 139
11.4.8 INDIA 140
11.4.8.1 INDIA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 140
11.4.8.2 INDIA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 141
11.4.8.3 INDIA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 142
11.4.9 MALAYSIA 143
11.4.9.1 MALAYSIA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 143
11.4.9.2 MALAYSIA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 144
11.4.9.3 MALAYSIA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 145
11.4.10 REST OF ASIA-PACIFIC 146
11.4.10.1 REST OF ASIA-PACIFIC RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE,
2014–2026 146
11.4.10.2 REST OF ASIA-PACIFIC RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE,
2014–2026 147
11.4.10.3 REST OF ASIA-PACIFIC RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION,
2014–2026 148
11.5 REST OF THE WORLD 149
11.5.1 REST OF THE WORLD RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY REGION, 2014–2026 150
11.5.2 REST OF THE WORLD RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 151
11.5.3 REST OF THE WORLD RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE,
2014–2026 152
11.5.4 REST OF THE WORLD RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION,
2014–2026 153
11.5.5 SOUTH AMERICA 154
11.5.5.1 SOUTH AMERICA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 154
11.5.5.2 SOUTH AMERICA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE,
2014–2026 155
11.5.5.3 SOUTH AMERICA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION,
2014–2026 156
11.5.6 MIDDLE EAST 157
11.5.6.1 MIDDLE EAST RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 157
11.5.6.2 MIDDLE EAST RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE,
2014–2026 158
11.5.6.3 MIDDLE EAST RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 159
11.5.7 AFRICA 160
11.5.7.1 AFRICA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY LEAF TYPE, 2014–2026 160
11.5.7.2 AFRICA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY BUYING MODULE, 2014–2026 161
11.5.7.3 AFRICA RAW TOBACCO LEAVES MARKET ESTIMATES & FORECAST, BY APPLICATION, 2014–2026 162
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION 164
12.2 MARKET STRATEGY ANALYSIS 164
12.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 164
12.4 COMPETITIVE BENCHMARKING 165
12.5 LIST OF RAW TOBACCO LEAF SUPPLIERS, BY COUNTRY 166
13 COMPANY PROFILES
13.1 STAR TOBACCO INTERNATIONAL 175
13.1.1 COMPANY OVERVIEW 175
13.1.2 FINANCIAL OVERVIEW 175
13.1.3 PRODUCTS OFFERED 175
13.1.4 KEY DEVELOPMENTS 176
13.1.5 SWOT ANALYSIS 176
13.1.6 KEY STRATEGIES 176
13.2 ATMIYA INTERNATIONAL 177
13.2.1 COMPANY OVERVIEW 177
13.2.2 FINANCIAL OVERVIEW 177
13.2.3 PRODUCTS OFFERED 177
13.2.4 KEY DEVELOPMENTS 177
13.2.5 KEY STRATEGIES 177
13.3 LEAFCON INTERNATIONAL 178
13.3.1 COMPANY OVERVIEW 178
13.3.2 FINANCIAL OVERVIEW 178
13.3.3 PRODUCTS OFFERINGS 178
13.3.4 KEY DEVELOPMENTS 178
13.3.5 SWOT ANALYSIS 179
13.3.6 KEY STRATEGIES 179
13.4 LEAF ONLY 180
13.4.1 COMPANY OVERVIEW 180
13.4.2 FINANCIAL OVERVIEW 180
13.4.3 PRODUCTS OFFERED 180
13.4.4 KEY DEVELOPMENTS 181
13.4.5 SWOT ANALYSIS 181
13.4.6 KEY STRATEGIES 181
13.5 WHOLE LEAF TOBACCO LLC 182
13.5.1 COMPANY OVERVIEW 182
13.5.2 FINANCIAL OVERVIEW 182
13.5.3 PRODUCTS OFFERED 182
13.5.4 KEY DEVELOPMENTS 182
13.5.5 KEY STRATEGIES 182
13.6 SOPARIWALA EXPORTS 183
13.6.1 COMPANY OVERVIEW 183
13.6.2 FINANCIAL OVERVIEW 183
13.6.3 PRODUCTS OFFERED 183
13.6.4 KEY DEVELOPMENTS 183
13.6.5 SWOT ANALYSIS 184
13.6.6 KEY STRATEGIES 184
13.7 NYC TOBACCO LEAF LLC 185
13.7.1 COMPANY OVERVIEW 185
13.7.2 FINANCIAL OVERVIEW 185
13.7.3 PRODUCTS OFFERED 185
13.7.4 KEY DEVELOPMENTS 185
13.7.5 KEY STRATEGIES 186
13.8 LEAF 2 SMOKE 187
13.8.1 COMPANY OVERVIEW 187
13.8.2 FINANCIAL OVERVIEW 187
13.8.3 PRODUCTS OFFERED 187
13.8.4 KEY DEVELOPMENTS 187
13.8.5 KEY STRATEGIES 188
13.9 TOBACCO AND TUBES 189
13.9.1 COMPANY OVERVIEW 189
13.9.2 FINANCIAL OVERVIEW 189
13.9.3 PRODUCTS OFFERED 189
13.9.4 KEY DEVELOPMENTS 189
13.9.5 KEY STRATEGIES 190
13.10 CAPITAL TOBACCO LTD 191
13.10.1 COMPANY OVERVIEW 191
13.10.2 FINANCIAL OVERVIEW 191
13.10.3 PRODUCTS OFFERED 191
13.10.4 KEY DEVELOPMENTS 191
13.10.5 SWOT ANALYSIS 192
13.10.6 KEY STRATEGIES 192
13.11 UNIVERSAL CORPORATION 193
13.11.1 COMPANY OVERVIEW 193
13.11.2 FINANCIAL OVERVIEW 193
13.11.3 PRODUCTS OFFERED 194
13.11.4 KEY DEVELOPMENTS 194
13.11.5 SWOT ANALYSIS 195
13.11.6 KEY STRATEGIES 195
13.12 U.S. TOBACCO COOPERATIVE INC. 196
13.12.1 COMPANY OVERVIEW 196
13.12.2 FINANCIAL OVERVIEW 196
13.12.3 PRODUCTS OFFERINGS 196
13.12.4 KEY DEVELOPMENTS 196
13.12.5 KEY STRATEGIES 196
13.13 ALLIANCE ONE INTERNATIONAL 197
13.13.1 COMPANY OVERVIEW 197
13.13.2 FINANCIAL OVERVIEW 197
13.13.3 PRODUCTS OFFERINGS 198
13.13.4 KEY DEVELOPMENTS 198
13.13.5 SWOT ANALYSIS 198
13.13.6 KEY STRATEGIES 199
13.14 ASSOCIATED TOBACCO COMPANY LIMITED 200
13.14.1 COMPANY OVERVIEW 200
13.14.2 FINANCIAL OVERVIEW 200
13.14.3 PRODUCTS OFFERED 200
13.14.4 KEY DEVELOPMENTS 200
13.14.5 KEY STRATEGIES 200
14 REFERENCES
