PMI Pushes for Broader Promotion of HTP

MarketBusiness
May.26.2023
PMI Pushes for Broader Promotion of HTP
Philip Morris International CEO Jacek Olczak calls for policy changes to promote alternatives to cigarettes, including heated tobacco and vaping products.

Philip Morris International (PMI) is lobbying for a change in regulations to facilitate the promotion of heated tobacco and vaping products in countries such as the UK and France. PMI has shifted its strategy towards becoming a smoke-free company over the past six years, investing over $10 billion into new products, which currently make up a third of its $32 billion annual sales.

 

However, in countries where these alternative products are prohibited, like Turkey, Belgium, and Singapore, PMI has no intention to stop selling traditional cigarettes, reports AFP. The company's CEO, Jacek Olczak, believes that selling alternatives can accelerate the reduction in cigarette sales, seeing a smoke-free future in countries open to these products within a decade.

 

PMI Pushes for Broader Promotion of HTP
Jacek Olczak | Bloomberg

 

Heated tobacco products (HTPs), also known as "heat-not-burn" products, involve heating tobacco to a high temperature without combustion, which avoids creating smoke. While not risk-free, these alternatives are seen by some health organizations as a potential aid to quit conventional smoking, though others highlight their associated health risks.

 

PMI Pushes for Broader Promotion of HTP
HTP, led by PMI's IQOS, have been increasing in popularity in recent years | CNBC

 

Deborah Arnott, head of British NGO Action on Smoking and Health (ASH), supports nicotine-containing e-cigarettes as a quitting aid but criticizes PMI's heavy promotion of its new products, seeing it as a move to protect its future earnings streams.

 

Olczak attributes the drop in smoking rates in countries like Sweden and Japan to the marketing of alternative products, though others point to a combination of factors including increased public health awareness and stricter regulations.

 


Thumbnail source: IQOS

*The content of this article is written after the extraction, compilation and integration of multiple information for exchange and learning purposes. The copyright of the summary information still belongs to the original article and its author. If any infringement is found, please contact us to delete it. 

Bloomberg: Zyn’s Dry-Mouth Problem Threatens Its Hold on Nicotine Pouch Market
Bloomberg: Zyn’s Dry-Mouth Problem Threatens Its Hold on Nicotine Pouch Market
According to Bloomberg, Philip Morris International’s Zyn is facing growing competition in the U.S. nicotine pouch market as consumers shift toward moister alternatives such as British American Tobacco’s Velo Plus.
BATPMI
May.22
Multi-State Coalition Urges F1 to End Nicotine Sponsorships, Citing Zyn and Velo
Multi-State Coalition Urges F1 to End Nicotine Sponsorships, Citing Zyn and Velo
Hawaii Attorney General Anne Lopez is co-leading a coalition of 19 states and jurisdictions urging the Fédération Internationale de l’Automobile (FIA) and Formula 1 to end sponsorships involving tobacco and nicotine products, including nicotine pouch brands such as Zyn and Velo.
News
Jun.09
PMI U.S. Launches America250 Initiative, Introduces Limited-Edition ZYN Patriotic Storage Can
PMI U.S. Launches America250 Initiative, Introduces Limited-Edition ZYN Patriotic Storage Can
PMI U.S. launched its America250 initiative on June 1 to commemorate the 250th anniversary of the United States. As part of the program, the company introduced a limited-edition ZYN Patriotic Storage Can and released an IQOS U.S. Edition device. Beyond product-related activities, the initiative also includes innovation funding, nationwide events and community engagement programs.
PMI
Jun.05
Product | KT&G Expands lil AIBLE 3.0 Sales to Seoul Convenience Stores, Launches Two New AIIM Variants
Product | KT&G Expands lil AIBLE 3.0 Sales to Seoul Convenience Stores, Launches Two New AIIM Variants
According to South Korean media reports, KT&G has expanded sales of its heated tobacco device lil AIBLE 3.0 to convenience stores across Seoul starting May 13. The convenience-store version is offered in the exclusive OUD GRAY color. On the same day, KT&G also launched two new dedicated consumables for the lil AIBLE platform—AIIM REMIX and AIIM ICESPOT—at convenience stores nationwide, each priced at KRW 4,800.
Market
Jun.01
From myblu to Zone: Imperial Brands Refocuses NGP Strategy in HY26
From myblu to Zone: Imperial Brands Refocuses NGP Strategy in HY26
mperial Brands’ HY26 results point to a more selective NGP transition. The company is using cash flow from traditional tobacco to fund targeted investments in modern oral nicotine, heated tobacco and reusable vaping systems. Its decision to exit the legacy myblu vaping business in the U.S., while expanding Zone nicotine pouches. In Europe, Imperial’s NGP growth is being driven by a multi-category portfolio including blu, Pulze and Zone/Skruf.
Special Report
May.12
AIR Shares Drop 18.6% in Nasdaq Debut, Testing Hookah’s Move Toward Public Markets
AIR Shares Drop 18.6% in Nasdaq Debut, Testing Hookah’s Move Toward Public Markets
AIR Global’s Nasdaq debut under ticker AIIR ended with a 18.6% first-day decline, giving the global hookah industry a rare public-market reference point. Beyond one company’s share move, the listing raises a broader question: can a culturally rooted, fragmented and venue-based category evolve into a more scalable and investable consumer sector?
Special Report
May.19