Cigarette Lighter Market Size 2022: Share, Industry Trends, Analysis and Forecast to 2027

According to the latest report by IMARC Group, titled "Cigarette Lighter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global cigarette lighter market reached a value of 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.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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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. Apart from this, 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. However, 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. Consequently, 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)

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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.

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This release was published on openPR.