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Though its revenue contribution is lower due to smaller margins, its stable and large scale procurement ensures consistent, foundational demand for tow manufacturers, making it a critical base for the overall market's resilience against regulatory shifts in developed economies
AFRICA CIGARETTE PACKAGING MARKET SIZE, BY PRODUCT TYPE, 2018-2032 (USD MILLION) TABLE 79
Tangent Growe of Stifel Nicolaus adds that while he likes both Philip Morris and its main rival Altria, he sees no rationale for Altrias dramatic outperformance over Philip Morris other than [Altria] is and has been much cheaper
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