Disposable Lighter Market Growth, Revenue Forecast and Share Analysis till 2023

Posted on 2019-11-27 by researchinsights in Consumer Services // 0 Comments

27^th Nov 2019 – The global Disposable Lighter Market is expected to display higher growth rate over the upcoming years. Rapid surge in the market is credited to the ever-growing cigarette smoking population across the globe and increasing product penetration in the global market. Rise in number of online as well as offline distribution channels across the globe is expected to drive the growth of the market over the forecast period. Globally, disposable lighter market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of disposable lighters.

Rising cigarette smoking population, particularly in the Asia Pacific region, is propelling market demand for disposable lighter over the past few years. However, increasing efforts by local as well as international authorities and cancer awareness programs are expected to restrain market growth to a certain extent. Yet, easy availability of disposable lighter due to rising number of distribution channels and product innovation is further fostering market demand over the coming years. Several distribution channels include supermarkets, hypermarkets, convenience stores, specialist retailers, online retailers and directly sales.

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A disposable lighter is termed as a portable device that is used to ignite combustible materials, such as cigars, gas stoves, fireworks, candles and cigarettes. A disposable lighter typically made up of a metal or plastic container, which is jam-packed with a flammable fluid or pressurized liquid gas. An electric arc or heating element is used for ignition to produce the flame. Availability of range of product and appealing designs is expected to favor market growth. In addition, use of low cost raw materials and development of electronic cigarette lighters is further strengthening market growth over the coming years.

The disposable lighter market is broadly categorized into major segments based on the product type such as flint lighters and electronic lighters. Flint lighters segment is growing rapidly in the the market with substantial revenue generation in the last few years.

The key players in the disposable lighter market are Société BIC S.A., Tokai Global Co., Flamagas S.A., Swedish Match AB, Ningbo Xinhai Electronics Manufacture Co., Ltd., Baide International Group Co., Ltd., Ningbo Shunhong Electrical Appliance Co., Ltd., Cixi Wansfa Lighter Industrial Co., Ltd., Hefeng Industry Development Co., Ltd., Shaodong County Lvshi Trade Co., Ltd., and Shaodong Lianhua Lighter Manufacture Co., Ltd.

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The disposable lighter market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in manufacturing sector, and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.

Asia-Pacific region is estimated to hold a major share in the disposable lighter industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, ever-growing cigarette smoking population, rising disposable income, and significant investment by leading industry players considering potential growth opportunities in the region.

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