According to IMARC Group’s latest report, Cigarette Lighter Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027, the global cigarette lighter market size will reach USD 6.02 billion in 2021. Looking ahead, the market value is expected to reach USD 6.83 billion by 2027, growing at a CAGR of 1.97% during the forecast period (2022-2027).
Cigarette lighters are handheld devices that use butane, naphtha, or charcoal to light cigars, pipes, and cigarettes. The containers of these lighters are usually made of metal or plastic and contain a pressurized liquid gas or a flammable fluid that aids in ignition. It also has provisions for easily extinguishing the flame. Since cigarette lighters are more compact and convenient compared to matchboxes, their demand is escalating globally. There are many different types of lighters on the market today, including windproof torches, capsules, peanuts, and floating lighters.
We regularly track the direct impact of COVID-19 on the market, as well as the indirect impact on related industries. These comments will be incorporated into the report.
Due to rapid urbanization, busy lifestyles and rising stress levels, the global smoking rate has risen sharply, which is one of the important factors in increasing the sales of lighters. Apart from this, as lighters are considered suitable for gift giving in various countries, leading manufacturers are launching various quality products to expand their consumer base. These players also invest in research and development (R&D) activities to introduce flameless pocket lighters that improve user safety. However, governments in several countries have announced lockdowns and are pushing social distancing measures to prevent the spread of the pandemic due to a surge in coronavirus disease (COVID-19) cases. As a result, the operations of the manufacturing divisions of the various companies have ceased. In addition to this, supply chain disruptions are also negatively impacting market growth.Once normalcy returns, the market will experience growth.
This report segments the global Lighters market on the basis of product type, material type, distribution channel, and region.
Post time: Jun-09-2022