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The markets in which these firms are the dominant players are declining, and they face ever increasing competition from Asia in seeking to develop new markets, said Nigel Driffield, professor of international business at Warwick Business School in England

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Chinas growing role in tobacco China Tobacco is taking a leaf from the playbook of Big Tobacco, shorthand for the group of companies that has long dominated the global trade: British American Tobacco, Imperial Brands, Japan Tobacco International, and Philip Morris International, which owns Marlboro

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Key Consumer and Industry Trends Buyer preferences are shaping new product development