Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6,470 million | USD 8,590 million | 3.2% | 2023 |
The global pocket lighter market size was worth around USD 6,470 million in 2023 and is predicted to grow to around USD 8,590 million by 2032 with a compound annual growth rate (CAGR) of roughly 3.2% between 2024 and 2032.
A lighter is a small, lightweight instrument that ignites flammable materials to create flames. In addition to lighting cigarettes, a pocket lighter can also occasionally be used to ignite other materials. Since ancient times, people have used lighters; the first was created in 1823 by a German scientist. The creation of a convenient and transportable pocket lighter is the result of several technological advancements. Some lighters use naphtha and charcoal lighter fluid for ignition, whereas pocket lighters are composed of plastic or metal containers loaded with butane, a flammable gas.
A heating element and electric arc are features of several of the electricity-powered lighters. A simple pocket lighter operates on Bernoulli's principle and has components such as a spark wheel, stone, nozzle, wick, adjustment wheel, and fuel compartment.
The increasing popularity of refillable lighters drives market growth
As the consumer trend toward sustainability continues, refillable lighters emerge as a more environmentally responsible option. Whereas disposables can only be used once, refillables allow users to add lighter fluid and use them again and again. This amounts to a more sustainable solution since it generates less waste and provides a more sturdy, long-lasting option. Refillable containers, which are frequently made of metal and other high-quality materials, might also wind up being more cost-effective in the long term, despite their higher price at checkout.
Indeed, many serve as personal things or presents that are treasured for years to come. As a result, their refillable nature makes them significantly more compatible with a consumer demographic seeking to reduce their carbon impact and single-use plastic use.
Health concerns and smoking regulations hindering the market growth
Smoking rates have decreased in several locations as people become more aware of the health dangers related to smoking. This tendency may lower the market for pocket lighters, especially among smokers. Furthermore, stronger tobacco restrictions, such as smoking prohibitions in public areas, may reduce demand.
For instance, according to the World Health Organization, Tobacco products are used by an estimated 1.3 billion individuals globally, with low- and middle-income nations accounting for 80% of the total. This is responsible for 25% of all cancer deaths globally. Thus, the increasing health concerns related to tobacco products might be hampering the market growth.
Technological advancement offers an attractive opportunity for market growth
Technology is a key factor driving the market expansion for pocket lighters, as producers are always incorporating new cutting-edge technologies to enhance functionality and user experience in modern lighters. Further appealing to tech-savvy consumers, many lighters now come equipped with USB charging capabilities, doing away with the requirement for fuel, which wastes energy and needs to be replaced frequently. The latest product developments are very useful accessories that can be relied upon by consumers in diverse outdoor settings, due to their waterproof and windproof designs.
A light emitting diode (LED) light makes it easier to view the area people're lighting, ensuring that you hold your lighter at the proper height and angle. Lighters are bolstering new market niches as manufacturers continue to develop in this field, appealing to customers who want a product that is both easy and efficient.
Regulatory restriction poses a major challenge to market expansion
Stringent laws controlling the manufacture, distribution, and sale of pocket lighters, such as safety requirements and prohibitions on certain lighter designs, can provide difficulties for producers and distributors. Compliance with these restrictions may raise production costs and stifle product innovation, limiting market growth.
The global Pocket Lighter industry is segmented based on Product Type, Material Type, Distribution Channel and region.
Based on the product type, the global Pocket Lighter market is bifurcated into Electronic Lighter, Flint Lighter and Others. The Flint Lighter segment is expected to hold a substantial market share over the forecast period. The majority of brands produce and sell lighters in the flint category due to their popularity, convenience of use, ability to ignite in the wind, and security, which will drive industry demand throughout the projection period.
Based on the material type, the global Pocket Lighter industry is segmented into Metal, Plastic and Others. The plastic segment is expected to capture the largest market share over the forecast period. Plastic lighters are in high demand in the global market because they are lightweight, cost-effective, efficient, durable, and reusable. Companies make disposable lighters because they are environmentally friendly and follow all safety requirements. The segment's rise is driven by the easy availability of lighters in tobacco stores and their appealing designs.
Based on the distribution channel, the global Pocket Lighter market is segmented into Online Stores and Offline Stores. The offline segment is expected to capture the largest market share over the forecast period. Lighters are mostly sold through offline channels such as supermarkets, convenience stores, specialized stores, retail stores, and tobacco shops. A considerable proportion of the public still prefers to buy through these channels. Thereby, driving the segment growth.
Report Attributes | Report Details |
---|---|
Report Name | Pocket Lighter Market |
Market Size in 2023 | USD 6,470 Million |
Market Forecast in 2032 | USD 8,590 Million |
Growth Rate | CAGR of 3.2% |
Number of Pages | 222 |
Key Companies Covered | CLIPPER (FLAMAGAS, SA), BIC Corporation, Cricket Lighters (Swedish Match), Zippo Manufacturing Company, Colibri, Tokai Corporation, Zhuoye Lighters Manufacturing Co. Ltd., S.T. Dupont, BAIDE International Enterprise, Benxi Fenghe Lighter Co. Ltd., Ningbo Xinhai Electric Co., and others. |
Segments Covered | By Product Type, By Material Type, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific is expected to dominate the market over the projected period
The Asia Pacific is expected to dominate the market over the forecast period. The presence of a large number of regional businesses, an increasing number of smokers, and the product's ease of availability will all contribute to regional market expansion. Specifically, China and India make significant contributions to this area. China has the world's greatest smoking population and producing capability. The pocket lighter market will rise due to rising demand for lighters and the region's strong manufacturing capabilities.
For instance, China is the world's largest producer and user of tobacco. The Chinese tobacco market is dominated by the government-owned China National Tobacco Corporation (CNTC), which controls almost the entire Chinese cigarette market. Almost 2.4 trillion cigarettes were sold in China in 2018.
On the other hand, Europe holds a significant market share of the pocket lighter market. The regional market expansion will be driven by easy product availability, the presence of global companies in this area, a significant number of smokers in both the male and female segments, rising disposable income, and customers' willingness to spend for premium lighters.
The global Pocket Lighter market is dominated by players like:
By Product Type
By Material Type
By Distribution Channel
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