Global Pocket Lighter Market Size USD 35.78 billion in 2030 | CAGR of 2.99%

Introduction

The global pocket lighter market was valued at USD 6.45 billion in 2023. It is expected to reach USD 8.41 billion in 2032, growing at a CAGR of 2.98% over the forecast period (2024-2032). 

A lighter is a small and lightweight equipment that is used to produce flame by lighting flammable material on fire. The primary use of a lighter in a pocket is to light a cigarette, but it may also be used to ignite other types of material. Lighters have been around for a very long time; the first lighter was invented by a German scientist in the year 1823. The convenient and portable pocket lighter is the result of a number of breakthroughs and technological advancements that have led to its creation. The container of a pocket lighter can be made of plastic or metal, and it is filled with an ignitable gas called butane. Other lighters, on the other hand, include naphtha and charcoal lighter fluid in order to be ignited. Some of the lighters are driven by electricity and have an electric arc and a heating element for lighting a cigarette or other flame. The Bernoulli principle is utilised in the operation of the standard pocket lighter, which may be broken down into its component pieces as follows: spark wheel, stone, nozzle, wick, adjustment wheel, and fuel compartment.

Market Dynamics

Market innovations for pocket lighters

The additional functions and characteristics that have been introduced to the pocket lighter have helped to secure the lighter's safety and win back the faith of customers to a significant degree. There are several options available from different types of pocket lighters available on the market. The Zippo, the storm proof torch lighter, the capsule and peanut lighter, the floating lighters, and the multi-purpose lighter are some of the lighters that are currently popular. These lighters have features such as being waterproof, durable, reusable, lightweight, and have improved lighting options.

The growth of the market

Because of how the trends in the industry have developed, the major companies have cornered a significant portion of the target market. In recent times, not only have lighters been produced specifically for smokers, but also multi-purpose lighters that may be used not only for lighting cigarettes but also for other purposes, such as travelling, have been introduced to the market. In order to guarantee the well-being of consumers and to forestall unintended fires and explosions caused by products, the Consumer Product Safety Commission mandates that lighters adhere to a set of specific rules and regulations.

Another factor boosting the increase of the pocket lighter market share is the expanding online presence of branded pocket lighters

Brick and mortar merchants previously made up the entirety of the distribution network for makers of pocket lighters. On the other hand, in the past five years, the widespread use of the Internet and intelligent devices has opened the way for the online channel. With the assistance of e-commerce partners, big branded lighters such as those provided by BIC, FLAMAGAS (Clipper), Zippo Manufacturing, and Swedish Match have gained popularity in developing nations. In addition, retailers like BIC and Bolt Lighter have their own own e-commerce websites for customers to shop on. These retailers also provide free in-home delivery on orders that meet a certain minimum value threshold.

Regional Overview of Pocket Lighter Market

In 2021, the Asia Pacific region had the biggest market share, accounting for more than half of the total revenue generated worldwide. The regional market growth will be driven by the existence of a large number of regional businesses, an increasing number of people who smoke, and the ease with which the product can be obtained.

It is anticipated that Europe would show the greatest rate of expansion, with a compound annual growth rate (CAGR) of 3.4 percent between the years 2022 and 2028. The sector's market expansion will be driven by the easy availability of goods, the presence of global companies in this area, a significant number of smokers in both the men's and women's segment, greater disposable income, and customers' willingness to spend more for premium lighters.

Key Highlights

• The global pocket lighter market was valued at USD 6.45 billion in 2023. It is expected to reach USD 8.41 billion in 2032, growing at a CAGR of 2.98% over the forecast period (2024-2032). 
• Market innovations for pocket lighters are driving the market.
• Expanding online presence of branded pocket lighters is boosting the market.
• With a share of the market revenue of more than 60% in 2021, Flint is the main contributor.
• In 2021, the plastic category had the biggest revenue share, accounting for more than 65 percent of total sales.
• In 2021, offline distribution methods accounted for more than 70 percentage of the whole market.
• In 2021, the Asia Pacific region had the biggest market share, accounting for more than half of the total revenue generated worldwide.

Competitive Players

1. BIC
2. Clipper
3. Swedish Match
4. Tokai
5. Zippo
6. Dunhill
7. X- Plore gear
8. Coleman
9. Colibri
10. Benjoy
11. Ronson
12. DuPont.

Recent Developments

• May 2024 - BIC's new Special Edition Vacation Series features a relaunch of their Maxi Pocket Lighters. Although this series was released in the spring, it is already ready for summer with its designs of sunny beaches, peaceful hammocks at dusk, and surfers eager to hit the waves. The Pocket Lighters are 100% quality inspected, dependable, and long-lasting, just like all BIC Maxi Lighters. Each lighter in the Special Edition Vacation Series has a suggested retail price of USD 2.39.

Segmentation

1. By Product Type
   1. Flint Lighter
   2. Electronic Lighter
2. By Material Type
   1. Plastic
   2. Metal
3. By Distribution Channel
   1. Offline Stores
   2. Online Stores