According to the latest report by IMARC Group, titled “Cigarette Lighter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the cigarette lighter market share.
The global cigarette lighter market size reached US$ 6.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.83 Billion by 2027, exhibiting at a CAGR of 1.97% during 2022-2027. Cigarette lighters are hand-held devices that utilize butane, naphtha, or charcoal to light cigars, pipes and cigarettes. The container of these lighters is generally made using metal or plastic and is filled with pressurized liquid gas or combustible fluid that assists in the ignition. It also has a provision to extinguish the flame conveniently. As cigarette lighters are compact and convenient compared to matchboxes, their demand is escalating around the world. At present, different types of lighters are available in the market, including storm proof torch, capsule, peanut and floating lighters.
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Cigarette Lighter Market Trends:
Due to rapid urbanization, hectic lifestyle and rising stress levels, there is a substantial increase in the smoking rates worldwide, which represents one of the significant factors augmenting the sales of cigarette lighters. As cigarette lighters are considered suitable for gifting in various countries, the leading manufacturers are coming up with a wide range of premium products to expand their consumer base. These players are also investing in research and development (R&D) activities to introduce flameless pocket lighters with improved user safety. Due to the surging cases of the coronavirus disease (COVID-19), governments of several countries have announced lockdowns and are promoting social distancing measures to prevent the spread of the pandemic. Operations at the manufacturing units of various companies have halted. Besides this, disruptions in the supply chain are also negatively impacting the market growth. The market will experience growth once normalcy is regained.
Competitive Landscape With Key Players:
The competitive landscape of the cigarette lighter market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- BIC Corporation
- Cricket Lighters (Swedish Match Lighters BV)
- CLIPPER (FLAMAGAS, SA)
Key Market Segmentation:
The report has segmented the cigarette lighter market on the basis of product type, material type, distribution channel and region.
Breakup by Product Type:
- Flint Cigarette Lighter
- Electronic Cigarette Lighter
- Others
Breakup by Material Type:
- Metal
- Plastic
- Others
Breakup by Distribution Channel:
- Tobacco Shops
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/cigarette-lighter-manufacturing-plant
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Article source: https://article-realm.com/article/Finance/38315-Cigarette-Lighter-Market-Size-Share-Trends-Analysis-and-Forecast-to-2027.html
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