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Smoking Accessory Market Report: Trends, Forecast and Competitive Analysis to 2030

September 2024 | 150 pages | ID: S9E3DC0C56E0EN
Lucintel

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Smoking Accessory Trends and Forecast

The future of the global smoking accessory market looks promising with opportunities in the waterpipes, vaporizers, rolling paper & cigarette tubes, lighters and filter & paper tip markets. The global smoking accessory market is expected to reach an estimated $87 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are growing trend of producing unique and innovative items along with the growing global smoking population and growing trend of customers choosing to produce their own tobacco rather than purchasing factory-made goods since they may save money and have their demands personalized.
  • Lucintel forecasts that offline will remain the largest segment over the forecast period due to extensive accessibility of the channel to consumers.
  • Within this market, vaporizer is expected to witness the highest growth due to widespread adoption and utilization of vaporizers as a preferable alternative to smoke-producing products.
  • APAC will remain the largest region over the forecast period due to rising usage and acceptance of smoking accessories, as well as a rise in the number of youth smokers.
Emerging Trends in the Smoking Accessory Market

There are some changes influencing the development of the market for smoking accessories which are technological, regulatory, and shifts within the target market. Some of these trends are changing the market paradigms and how smoking items are conceived and consumed.
  • Increase in the Need for Harm Reduction Strategies: Manufacturers, as well as consumers, are paying more attention toward harm minimization. Products like nicotine pouches and heat-not-burn alternatives are coming about as attempts in research that seeks to provide safer alternatives to kerosene. These products are usually marketed with low health risk claims, hence increasing the space tabulated for strategies.
  • Customization and Personalization: As vaping gains popularity, the demand for smoking accessories that can be modified is also on the rise. Customers want to be in control of the smoking process, introducing everything — from the amount of power given to their vapes, to the flavours of the e-liquids used. Efforts such as this are forcing the manufacturers to “think out of the box” in a bid to come out with more engaging and differentiated offerings.
  • Technological Advancements in Device Design: Technological progress is allowing the new generation design of smoking accessories to be more sophisticated than the previous ones. New age devices come with longer battery life, better safety devices and more effective heating units. Transition is for the better as these changes seeks to make the target customers’ life more enjoyable by eliminating a few performance and safety challenges that existed earlier on.
  • Sustainability and Environmental Concerns: Pollution caused by smoking products is also now being factored in the consideration of writing products. Moving towards the eco processing industries, reusable cigarette filters and recyclable vaping devices is on the rise. Businesses are aware of the changing preferences of the consumers as well as regulatory standards and are taking appropriate action in their strategies.
  • Rise of Digital Integration: Over the years, digital technology is becoming part of smoking accessories. Such includes monitoring the patterns of use and health features through smartphones. Smart devices give the user control of their smoking patterns whereas more products are increasing on the digital trend.
These emerging trends depict a decisive change in the smoking accessories market where innovation, personalization, and sustainability take center stage. With advancement in technology and change in customer demands to some new applications and tackling health as well as environmental challenges, the industry is on the move. This shifting landscape is changing the market and shaping the future of products.

Recent Developments in the Smoking Accessory Market

Considering the developments in the market of smoking accessories, it is logical to say that much of the changes are as a result of changes in technology, regulation as well as consumer habits. Such broad conflict junkie areas include the following core evolutions in the market, across different geographical locations.
  • Advancements in E-Cigarette Technology: A distinct trend has been the design of e-cigarettes that are more powerful and easy to operate. Other factors that are improving these devices are increased battery capacity, improved vapor production and more safety features. These developments are responding to an increased consumer need for more efficient and enjoyable vaping experiences.
  • Emerging Popularity of Nicotine Pouches: As nicotine pouches become more and more popular, extreme measures needs to be taken. These products provide a risk-free failing and torrefied tobacco free cigarettes ways to take nicotine. Their increase is catalyzed by the growing concern over health and restrictions on smoking.
  • Adoption of Various Types of Heated Products: Heated tobacco products have made their way into the market as a lower risk way of smoking. These types of cigarettes do not involve combustion of tobacco but instead heating, which helps reduce the output of toxic substances. The heated tobacco products market is growing at a rapid pace and new products and developments are being launched in this field.
  • Development of Green Products for Smoke Pipecraft Industry: The sustainability issues have caused the emergence of smokeless smoking materials. Addressing these problems, inventions like green cigarette filters and eco-friendly e-liquid cartridges are intended to reduce waste. This tendency is created by requirements from customers and regulations from authorities.
  • Regulations Harming and Improving Industry Design: Tight rules are shaping the way outreach and promotions of the smoking tools are done. Following a number of new requirements for healthy and safe use of products, there have been more pleasing and controlled items. Companies are gearing up to these changes by taking up dangerous waste minimization and better health alerting innovations.
These developments include an inclination towards innovation and health-centric or eco-friendly products in the smoking accessories market. Continuation of evolution of new technologies and regulations have, and continue to, change the face of the industry and alter how products are developed and used by the consumers.

Strategic Growth Opportunities for Smoking Accessory Market

The pattern of smoking accessories market growth points out several growth processes along important boundaries of application propelled by technology and evolving consumer markets. There are significant associated competitive advantages and growth pattern of sunscreens market that adopting and harnessing these opportunities can yield.
  • Expansion in Emerging Markets: An external market includes emerging markets and we expect significant potential for growth given that current consumption levels remain quite low. It means that companies are able to do this on markets where smoking is still legal, using such products as e-cigarettes or nicotine pouches or launching other innovative alternatives targeted toward the specific needs and legal standards of a given market.
  • Development of Harm Reduction Products: Investing in products which are associated with harm reduction for instance heated tobacco and nicotine pouches is a great opportunity for business growth. Although these are healthy alternatives to cigarettes which promote public health, they have an appeal to consumers who smoke and wish to reduce their levels of harm by using matter which are perceived to be less harmful, therefore accessing the health improving demographic.
  • Smart Smoking Devices Development: These smoking tools that integrate digital technology, particularly the enhanced connectivity of smart vape devices, create a competitive advantage. Such devices provide users with the additional option of regulating and monitoring the use of the device, leading to better product positioning and marketing strategies.
  • Innovation with Respect to Environmental Sustainability: With increasing awareness, so does the need for green smoking accessories. Products like filter material that degrades into harmless substrates after some time, and even parts of the pen that can be recycled are solutions to this problem and appeal to green consumers leading to new market and diversification opportunities.
  • Product Development for Compliance with Regulations: Creating and supplying a product with certain encapsulations of certain standards like children odorless safety labels and tamper-proof Containers; will be important for any company’s journey to achieving success in the market. Organizations that proactively consider and execute these regulatory approaches have a better market position and trust from customers.
There is an evident change in perspective towards tobacco products accessories which is driving growth opportunities in a company’s products. Focusing on isolated geographies, cross-border transitions, and harm reduction, emerging technologies, green enhancement, and comprehensive compliance fuel the dynamics of effective positioning within an ever-changing landscape.

Smoking Accessory Market Driver and Challenges

The dynamics of the smoking accessories market take into consideration a number of drivers and challenges, namely, technology, economy, and policy. It is important to appreciate these agency in order to maneuver the market and, exploit the opportunities available on it.

The factors responsible for driving the smoking accessory market include:

1. Technological Factors: The improvement of accessories such as e cigarettes or smart devices is enhancing the growth of the market. Improved battery technologies and other advantages have helped to stir the undifferentiated goods’ offerings, including the consumer market, therefore enlargement of the market.

2. Policy Developments: The tobacco market has been transformed due to the heightening of the regulation of tobacco related products. The new parameters in health and safety management schemes now influence the nature of the products and their advertising. Organizations have to adjust to these policies or suffer losses or frustrations from unmet expectations of consumers.

3. Health Realization: The rising health issues related to smoking such as the risks of diseases is increasing the purchase of other products like nicotine pouches or heated tobacco products. As the scope on tobacco-related health illnesses broadens among the society, manufacturers are focusing on development of lower-risk products.

4. Economic Conditions: Certain economic conditions such as level of disposable income, taxation policy influence the level of expenditure on smoking accessories. High sales tax or economic bad periods helps to decrease sales whereas favorable economic environmental factors might help in the increase in market advancement.

5. Market Competition: Competition among the manufacturers is cutting edge and is encouraging new development and influencing pricing of the products. Companies are actively pursuing strategies which set them apart from their competitors through new product development making this an ever changing and competitive market.

Challenges in the smoking accessory market are:

1. Regulatory Compliance: This is quite a headache for the manufacturers considering the speed at which new regulations are being introduced more and more. Adherence to occupational health and safety regulations involves a whole lot of change and expenditure that can be burdensome and profitability.

2. Environmental Impact: One of the areas that a range of businesses has continued to grapple with is the issue of the environment with respect to smoking devices, cigarette butts, and disposable e-vape devices. Companies need to spend appropriate resources for sustainable practices and sustainable products.

3. Consumer Shifts: New consumer needs such as increased market of the risk reduction products, regarding the changes in demand in any sense industries cause changes in demand in any sense industries force changes in the product offerings. These shifts need to be anticipated in order to ensure that the products remain relevant and consumers remain faithful to the brand.

The overall summary of the drivers and its related challenges in the smoking accessories market reiterates the importance of innovation, regulation and adaptability. Innovation in technology and the trends of the customers presents a scope for growth, on the other hand the regulations and environmental constraints present challenges that needs to be well thought out in order to survive in the market.

List of Smoking Accessory Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies smoking accessory companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smoking accessory companies profiled in this report include-
  • Bull Brand
  • BBK Tobacco & Foods
  • Chongz
  • British American Tobacco
  • Curved Papers
  • Univac Furncrafts
  • Imperial Brands
  • Republic Technologies International
  • Jinlin Smoking Accessories
  • Moondust Paper
Smoking Accessory by Segment

The study includes a forecast for the global smoking accessory by type, distribution channel, and region.

Smoking Accessory Market by Type [Analysis by Value from 2018 to 2030]:
  • Waterpipes
  • Vaporizers
  • Rolling Paper & Cigarette Tubes
  • Lighters
  • Filter & Paper Tip
  • Others
Smoking Accessory Market by Distribution Channel [Analysis by Value from 2018 to 2030]:
  • Offline
  • Online
Smoking Accessory Market by Region [Analysis by Value from 2018 to 2030]:
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World
Country Wise Outlook for the Smoking Accessory Market

The accessories used in smoking have a continuous change by various factors such as changes in consumption patterns, regulation, and technology. Whereas traditional tobacco products are under increasing criticism and on the decline, new products like e-cigarettes and vaping are growing in the market. Each country is undergoing particular trends and regulatory influences, and therefore their markets developed in a certain way. This overview provides an insight into smoking accessories in the U.S., China, Germany, India, and Japan, and reviews the most important changes and cut-through achievements in them.
  • United States: Excessive laws on the sale of tobacco products in the U.S. have made people embrace nicotine pouches and vape devices. Efforts by the FDA to reduce the sale of e-cigarette to minors has forced manufacturers to come up with other solutions such as nicotine free e-liquid and child resistant packaging. In addition, marketing initiatives as trend towards adoption of personalize vaping devices and increase of harmful reduction awareness are on the rise within the market.
  • China: Lately, China, the world’s largest supplier, has seen rapid advancements in the e-cigarette market. Some include the intervention by the state towards e-cigarettes production regulation and standardization. The market is also witnessing improvements in device technologies with new devices being marketed that have better performance and safety. With e-cigarettes becoming increasingly popular among the youth, further developments and competition within the country’s manufacturers are on the rise.
  • Germany: Germany is at the forefront when it comes to the design of eco-friendly smoking devices. More and stricter regulatory policies have been developed and introduced in order to mitigate pollution caused by cigarette ashes and other litter. Developments include eco-friendly filers and upright vaping apparatus. Other developments are being clearly demonstrated in the German market where there improves the efficiency of smoking paraphernalia without compromising safety.
  • India: In India, this has led to many people adopting tobacco-free products such as smokeless tobacco and nicotine pouches due to rising health concerns and regulatory pressures. The e-cigarette market is also benefiting from low-cost models of e-cigarettes that are coming as manufacturers try to target the price-sensitive segment. However, strong regulations and inflation in taxes on tobacco products still limit the factors that would enhance postalistic growth.
  • Japan: Japan is the real leader when it comes to heated tobacco, as these products have been adopted as less harmful alternatives to regular tobacco. Growth is due to advancements in device technology enabling ‘better, faster and more satisfying’ consumption by the users. Supportive regulations as well as health awareness toward reduced-risk products have helped quite a lot in increasing the usage of these tobacco heaters and making Japan the leader in this segment.
Features of the Global Smoking Accessory Market

Market Size Estimates: Smoking accessory market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Smoking accessory market size by type, distribution channel, and region in terms of value ($B).

Regional Analysis: Smoking accessory market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, distribution channel, and regions for the smoking accessory market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smoking accessory market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

If you are looking to expand your business in this market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.

FAQ

Q1. What is the smoking accessory market size?

Answer: The global smoking accessory market is expected to reach an estimated $87 billion by 2030.

Q2. What is the growth forecast for smoking accessory market?

Answer: The global smoking accessory market is expected to grow with a CAGR of 4.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the smoking accessory market?

Answer: The major drivers for this market are growing trend of producing unique and innovative items along with the growing global smoking population and growing trend of customers choosing to produce their own tobacco rather than purchasing factory-made goods since they may save money and have their demands personalized.

Q4. What are the major segments for smoking accessory market?

Answer: The future of the smoking accessory market looks promising with opportunities in the waterpipes, vaporizers, rolling paper & cigarette tubes, lighters and filter & paper tip markets.

Q5. Who are the key smoking accessory market companies?

Answer: Some of the key smoking accessory companies are as follows:
  • Bull Brand
  • BBK Tobacco & Foods
  • Chongz
  • British American Tobacco
  • Curved Papers
  • Univac Furncrafts
  • Imperial Brands
  • Republic Technologies International
  • Jinlin Smoking Accessories
  • Moondust Paper
Q6. Which smoking accessory market segment will be the largest in future?

Answer: Lucintel forecasts that offline will remain the largest segment over the forecast period due to extensive accessibility of the channel to consumers.

Q7. In smoking accessory market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rising usage and acceptance of smoking accessories, as well as a rise in the number of youth smokers.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the smoking accessory market by type (waterpipes, vaporizers, rolling paper & cigarette tubes, lighters, filter & paper tip, and others), distribution channel (offline and online), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Smoking Accessory Market, Smoking Accessory Market Size, Smoking Accessory Market Growth, Smoking Accessory Market Analysis, Smoking Accessory Market Report, Smoking Accessory Market Share, Smoking Accessory Market Trends, Smoking Accessory Market Forecast, Smoking Accessory Companies, write Lucintel analyst at email: [email protected]. We will be glad to get back to you soon.

Market Report
1. EXECUTIVE SUMMARY

2. GLOBAL SMOKING ACCESSORY MARKET : MARKET DYNAMICS

2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2018 TO 2030

3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Smoking Accessory Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Smoking Accessory Market by Type
  3.3.1: Waterpipes
  3.3.2: Vaporizers
  3.3.3: Rolling Paper & Cigarette Tubes
  3.3.4: Lighters
  3.3.5: Filter & Paper Tip
  3.3.6: Others
3.4: Global Smoking Accessory Market by Distribution Channel
  3.4.1: Offline
  3.4.2: Online

4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2018 TO 2030

4.1: Global Smoking Accessory Market by Region
4.2: North American Smoking Accessory Market
  4.2.1: North American Smoking Accessory Market by Type: Waterpipes, Vaporizers, Rolling Paper & Cigarette Tubes, Lighters, Filter & Paper Tip, and Others
  4.2.2: North American Smoking Accessory Market by Distribution Channel: Offline and Online
4.3: European Smoking Accessory Market
  4.3.1: European Smoking Accessory Market by Type: Waterpipes, Vaporizers, Rolling Paper & Cigarette Tubes, Lighters, Filter & Paper Tip, and Others
  4.3.2: European Smoking Accessory Market by Distribution Channel: Offline and Online
4.4: APAC Smoking Accessory Market
  4.4.1: APAC Smoking Accessory Market by Type: Waterpipes, Vaporizers, Rolling Paper & Cigarette Tubes, Lighters, Filter & Paper Tip, and Others
  4.4.2: APAC Smoking Accessory Market by Distribution Channel: Offline and Online
4.5: ROW Smoking Accessory Market
  4.5.1: ROW Smoking Accessory Market by Type: Waterpipes, Vaporizers, Rolling Paper & Cigarette Tubes, Lighters, Filter & Paper Tip, and Others
  4.5.2: ROW Smoking Accessory Market by Distribution Channel: Offline and Online

5. COMPETITOR ANALYSIS

5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS

6.1: Growth Opportunity Analysis
  6.1.1: Growth Opportunities for the Global Smoking Accessory Market by Type
  6.1.2: Growth Opportunities for the Global Smoking Accessory Market by Distribution Channel
  6.1.3: Growth Opportunities for the Global Smoking Accessory Market by Region
6.2: Emerging Trends in the Global Smoking Accessory Market
6.3: Strategic Analysis
  6.3.1: New Product Development
  6.3.2: Capacity Expansion of the Global Smoking Accessory Market
  6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Smoking Accessory Market
  6.3.4: Certification and Licensing

7. COMPANY PROFILES OF LEADING PLAYERS

7.1: Bull Brand
7.2: BBK Tobacco & Foods
7.3: Chongz
7.4: British American Tobacco
7.5: Curved Papers
7.6: Univac Furncrafts
7.7: Imperial Brands
7.8: Republic Technologies International
7.9: Jinlin Smoking Accessories
7.10: Moondust Paper


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