Pocket Lighter Market

Market Overview

The global pocket lighter market size was valued at USD 6.34 billion in 2021 which is projected to be USD 8.27 billion in 2030 growing at a compound annual growth rate (CAGR) of 2.99% from 2022 to 2030.

A lighter is a small and lightweight piece of equipment that is used to produce a 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 utilized 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. In the pocket lighters market, the various lighters that fall under the broad category of "clippers" include flint lighters, electric lighters, catalytic lighters, flameless lighters, permanent matches, match lighters, windproof lighters, watertight fluid lighters, brass lighters, double flame burner lighters, and electric lighters.

Market Dynamics

Global Pocket Lighter Market Drivers

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 stormproof 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 traveling, 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. Certain manufacturers have been making investments in the production of flameless lighters, reusable lighters, and easy-to-use lighters, all of which present opportunities for the ongoing expansion of the pocket lighters market.

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 online channels. 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 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. It is anticipated that the service delivery innovation used by the producers of pocket lights would further improve sales throughout the time under consideration.

Global Pocket Lighter Market Restraints

The rivalry between cigarette replacement goods is one of the major obstacles to the expansion of the worldwide pocket lighter industry

The consumption of tobacco products is primarily responsible for the rise in popularity of pocket lighters. As a result, the expansion of the worldwide pocket lighter market will be hindered by the fall in cigarette sales brought on by the proliferation of smoking alternatives. Some of these alternatives include dissolvable tobacco, electronic cigarettes, electronic hookahs, chewing tobacco, and snuff. Since the year 2019, a falling trend in the number of people who smoke has been seen in nations across Europe and North America. For example, the number of people who smoked cigarettes in the United States fell by around 6% in 2019. The trend toward decreasing numbers maintained into the years 2020 and 2021. In a similar vein, the number of people who smoked cigarettes in the UK dropped to an all-time low in 2019. As a result, the worldwide pocket lighters market will face a significant obstacle throughout the projected period in the form of an increase in the use of alternative tobacco products.

Regional Analysis

Based on region the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East.

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 many regional businesses, an increasing number of people who smoke, and the ease with which the product can be obtained. In particular, China and India each make significant contributions to this region. Both a vast number of people who smoke and the world's greatest manufacturing capacity are found in China. The expansion of the pocket lighter market will be propelled by the region's high manufacturing capacity in addition to the rising demand for lighters.

It is anticipated that Europe would show the greatest rate of expansion, with a compound annual growth rate (CAGR) of 3.4% 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 segments, greater disposable income, and customers' willingness to spend more for premium lighters.

Segmental Analysis

By Product Type Analysis

With a share of the market revenue of more than 60% in 2021, Flint is the main contributor. Due to its widespread use, simplicity, ability to ignite in the wind, and security, most brands produce and market their lighters in the flint category, which will in turn boost industry demand throughout the projection period.

By Material Type Analysis

With 3.3% CAGR between 2022 and 2028, the electronic segment is anticipated to expand the quickest. The development of the electronic lighters market would be fuelled by technological progress. To entice buyers, manufacturers provide a digital display. These lighters are also in high demand since they can be recharged through USB, do not require gasoline to fill, are far safer than previous types, and are reusable.

In 2021, the plastic category had the biggest revenue share, accounting for more than 65% of total sales. Lighters manufactured from plastic are in high demand on the international market because of their low weight, low cost, high efficiency, long durability, and reusability. The production of disposable lighters by companies does not do any damage to the natural environment because all necessary safety measures are taken. The market growth is driven by the easy availability of lighters at tobacco stores as well as appealing design options.

Lighters constructed of metal are projected to have the highest compound annual growth rate in terms of worldwide sales between the years 2022 and 2028, at a rate of 3.2%. Lighters made of metal tend to be more expensive than lighters made of other materials because they are very long-lasting, offer a better level of protection, and may be designed in a variety of various patterns and forms.

By Distribution Channel Analysis

In 2021, offline distribution methods accounted for more than 70% of the whole market. Most lighters are sold through offline channels such as supermarkets, convenience stores, specialty stores, retail stores, and tobacco shops. These are the most common venues where you may buy a lighter. The majority of the populace still has a strong preference for shopping through these channels. It is anticipated that offline channels would maintain their position of pre-eminence during the projection period.

From 2022 to 2028, analysts anticipate that growth in online channels will be the most rapid, averaging a 3.2% compound annual growth rate (CAGR). Several people find that they have more alternatives to choose from when they make their purchases of branded lighters through the means of the internet. There are instances when branded lighters may be purchased at a discount from internet stores. Millennials are the generation most likely to do their lightest shopping online. The expansion of the market will be stimulated by an increase in the level of consumer demand expressed through the medium of the internet.

Recent Developments

• BIC companies declared in June 2020 that they were in favor of buying Djeep for 40 million euros in order to strengthen their market dominance. One of the leading producers of pocket lighters in Europe, Djeep has a presence for its goods throughout Latin America, Asia, Africa, Europe, and the United States. They had net sales of 14 million euros in Europe alone in 2019.