Global Disposable Lighters Market Sluggish Growth Rate Foreseen by 2022-2028

The disposable lighters market is anticipated to grow at a significant CAGR of 5.5%during the forecast period (2022-2028).A disposable lighter is a small gadget that produces flames or sparks. It is made out of a metal or plastic container filled with a flammable fluid such as butane gas, petrol/naphtha, alcohol, or kerosene. In disposable lighters, the flint wheel and wick are incorporated into the same assembly as the exterior body and cap of the lighter case. It is feasible to replace individual lighters when they become worn out in reusable lighters. Multipurpose lighters that may also be used as candles have been on the market for a while. The growing demand for disposable and portable items, as well as increased awareness of the hazardous consequences of smoking and the expansion of online retail, are all contributing to the market's growth.

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The global disposable lighters market is segmented based on the type and sales channel. Based on the type, the market is sub-segmented into liquid lighters, gaseous lighters, and gas-liquid mixing lighters. Among these types, the liquid lighters segment is expected to propel the growth of the market. Cigarettes and other tobacco products are lit with liquid lighters. They employ liquid fuels that are combustible at room temperatures, such as butane, propane, or petrol (gasoline). Cigarette lighters come in a variety of forms and sizes, ranging from extremely small to enormous, to fulfill the needs of the consumer market. Based on the sales channel, the market is sub-segmented into offline retailers and online retailers.

The market players are also contributing significantly to the market growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in February 2021, VPR Brands recently acquired the Dissim Lighter Brand, a premium lighter with patent-pending functionality and design. In exchange for a continuing 5% royalty to the creator and founders of Dissim, VPR Brands bought the new lighter firm assets, including all Intellectual Property, Trademark, and Utility Patent Pending. The Dissim lighter is a soft flame lighter that can be used both upright and inverted, meaning it can be lighted and stay lit at any angle.

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Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Sales Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- BIC, Tokai, Clipper, Swedish match, Zippo, Visol, Colibri, Integral-style, S.T. Dupont, NingBo XINHAI, and Zhuoye Lighter,among others.

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Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Disposable Lighters Market Report by Segment

By Type

Liquid Lighters
Gaseous Lighters
Gas-liquid Mixing Lighters

By Application

Offline Retailers
Online Retailers

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This release was published on openPR.