Disposable Lighters Market Report To 2031 | [101] Pages

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The global disposable lighters market size was USD 2674 million in 2021 and is projected to touch USD 3971.11 million by 2031, exhibiting a CAGR of 4.0% during the projected period.

A cigarette lighter is a small, portable device that produces flame or sparks. It is made out of a metal or plastic container filled with combustible fluid, such as kerosene, alcohol, butane gas, or petrol/naphtha. In disposable lighters, the wick and flint wheel are part of the same assembly as the case's exterior and cap. When they become worn out, reusable lighters allow for their separate replacement. Manufacturers of lighters have started offering models with several uses that double as candles.

The global COVID-19 pandemic has been unprecedented and staggering, with the life science instruments & reagents market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic had a detrimental effect on the world's largest economies, causing these countries to experience an economic slowdown. By adapting to new cultures and consumer buying habits, many sectors are currently attempting to survive in one way or another. The pandemic had a negative impact on the disposable lighters market, like it did on other sectors of the economy. The pandemic caused numerous changes in consumers' purchasing and consumption habits.

"Technological Advancements to Foster Market Development"

The market for disposable lighters is projected to expand as a result of customers' growing eco-consciousness. The quick development of technology is causing a variety in cigarette lighter production, which will increase consumer demand and support the expansion of the global disposable lighters market. Pocket lighter technological advancements appeal to a wide consumer base, which promotes market expansion. Manufacturing companies regularly release new items with a variety of design patterns in various price ranges, giving the consumer an advantage when purchasing them.

The market is divided into Flint Lighters and Electronic Lighters.

The market is divided into Supermarkets, Convenience Stores, Specialist Retailers, Online Retailers, and Directly Sales.

"Rising Adoption of Smoking Addiction to Fuel Market Expansion"

The demand for disposable lighters has increased as a result of rising smoking rates around the world and rising consumer affluence. To boost their profitability and give customers a wide selection of cigarette lighters, producers are therefore developing a wide range of products, from flint lighters to lighters for cars. Additionally, they have introduced electronic lighters that operate on batteries and light up when a button is pressed.

"Increasing Demand from Automobiles to Foster Market Growth"

One of the major factors propelling the expansion of the world market for cigarette lighters is the growing use of electric automobiles. Electricity produced by batteries is used to power electric vehicles. Around the world, the use of electric vehicles is expanding quickly, which is driving up demand for disposable lighters. The rising trend of adopting disposable lighter substitutes is another important element boosting the growth of the global disposable lighters market. These substitutes are secure, practical, and environmentally beneficial. Additionally, they are less expensive than conventional cigarette lighters. During the projected period, this is anticipated to drive the expansion of the global disposable lighters market growth.

"Growing Public Awareness Could Impact the Market "

The expansion of the global disposable lighters market may be threatened by tight standards and rising public awareness of the health problems brought on by smoking. Even so, there may be a chance for the disposable lighter market to grow as technology advances and the number of hikers and campers increases.

"Rising Urbanization to Foster Growth in Asia Pacific"

Asia Pacific holds the largest part of the global disposable lighters market share. The global disposable lighters market is being pushed by the rising disposable income, particularly in the emerging nations, and the rising tobacco use rates. The industry for cigarette lighters is expanding globally, with the Asia Pacific area acting as its primary regional market. The lack of strong regulations on tobacco use, a higher standard of life brought on by rising disposable incomes, and the region's increasing urbanization are all factors contributing to the expansion of the Asia Pacific market.

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Due to the existence of numerous domestic and international companies, the disposable lighters market is fragmented in nature. Manufacturing companies can improve their market share by implementing a variety of methods, including mergers and acquisitions, channel expansion, supply chain improvement, consumer outreach via advertising across various media, and holiday product promotions.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.

Market Size Value In

US$ 2674 Million in 2022

Market Size Value By

US$ 3971.11 Million by 2031

Growth Rate

CAGR of 4% from 2022 to 2031

Forecast Period

2024-2031

Base Year

2023

Historical Data Available

Yes

Regional Scope

Global

Segments Covered

Type and Application

The global disposable lighters market is expected to touch USD 3971.11 million by 2031.

The disposable lighters market is expected to exhibit a CAGR of 4.0 % over 2023-2031.

Rising adoption of smoking addiction and increasing demand from automobiles are the driving factors of the disposable lighters market.

BIC, Tokai, Flamagas, Swedish Match, NingoBo Xinhai, Baide International, Hunan Dongyi, Shaodong Moasheng, Hefeng Industry are some of the top companies operating in the disposable lighters market.