Authored By: Sarah
14 Oct 2024

Latest News: Smoking Accessories Market 2024-2028 - APAC Takes the Lead in Growth and Innovation

Technavio, a leading provider of market research reports, has released its latest study on Smoking Accessories Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. The global smoking accessories market is witnessing significant growth due to the introduction of innovative products and expansions by key companies. Vendors are offering a diverse range of accessories, including vaporizers, pipes, cigarette holders, cigarette papers, lighters, and ashtrays, to cater to the evolving preferences of consumers. Notably, British American Tobacco's launch of its first CBD-infused vaping product, VUSE CBD Zone, in January 2021, underscores the market's dynamic nature. These new product introductions and expansions are anticipated to boost market growth throughout the forecast period.

Key Highlights

Growth Projections

The global smoking accessories market  size is estimated to grow by USD 15.38 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.36% during the forecast period. Increasing number of organized retail outlets selling smoking accessories is driving market growth, with a trend towards new product launches in market in focus  However, regulatory control compliance  poses a challenge.Key market comoanies include British American Tobacco Plc, Bull Brand Ltd., Chongz Ltd., Colibri, Curved Papers Inc., DICKSON CONCEPTS INTERNATIONAL LTD, Farman Handicrafts, GRAVITRON LLC, HBI International, House of Puff, Imperial Brands Plc, Jinlin HK Smoking Accessories Co. Ltd., MOONDUST PAPER PVT. LTD., North Eye Technology Pvt. Ltd., Rocky Patel Premium Cigars LLC, Scandinavian Tobacco Group AS, Three Dots Scientific and Handicrafts, Univac Furncrafts Pvt. Ltd., Vorsicht Glas GmbH, and XL Enterprises Ltd.

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Major Findings

  • The smoking accessories market is experiencing significant growth due to an increasing number of organized retail outlets. These establishments cater to the rising demand for smoking paraphernalia, offering a wider selection of high-quality products to consumers. This trend is expected to continue, as more retailers recognize the potential profitability of this niche market. Organized retail outlets provide a more professional and convenient shopping experience for customers, contributing to the overall growth of the smoking accessories industry.

  • The smoking accessories market is experiencing significant growth due to the increasing trend of hookah bars, lounges, and cafe culture. These establishments have gained immense popularity among consumers, offering a social and relaxing atmosphere for enjoying tobacco products. Hookah pipes, tobacco, and related accessories are in high demand as a result. The rise of this cultural phenomenon is expected to continue driving market expansion in the coming years.

  • Compliance with regulatory controls is a crucial aspect of the smoking accessories market. Manufacturers and retailers must adhere to stringent regulations to ensure the safety and quality of their products. These regulations cover various aspects, including product design, labeling, packaging, and marketing. Failure to comply with these rules can result in legal consequences and damage to brand reputation. It is essential for industry leaders to stay informed about the latest regulatory requirements and adapt their operations accordingly.

  • Smoking accessories, while often marketed for enhancing the smoking experience, are often associated with various health concerns. The inhalation of smoke from tobacco products can lead to numerous health issues, including respiratory problems, cardiovascular diseases, and cancer. Secondhand smoke, which can be inhaled by bystanders, poses similar risks. It is essential to be aware of these health hazards and consider the potential consequences before using smoking accessories. The World Health Organization (WHO) urges individuals to quit smoking altogether to mitigate these risks.

Market Research Overview

The global household and personal care products market encompasses the sector dedicated to the research, development, and production of a diverse range of items. This market span includes cosmetics, perfumes, masks, sex toys, hair wigs and extensions, polarized sunglasses, and more. According to Technavio, the market size is determined by the consolidated revenue generated by the manufacturers of these goods. Key growth drivers for the global personal care products industry are rising disposable income levels and the subsequent increase in discretionary spending, which encompasses expenditures on luxury and lifestyle-related items.

The Smoking Accessories Market is experiencing significant growth, fueled by the Increasing number of organized retail outlets selling smoking accessories. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Regional Insights

The Smoking Accessories Market encompasses a wide range of products that cater to the needs of tobacco consumers. Key product categories include pipes, water pipes, cigarette holders, lighters, and tobacco packaging. Market growth is driven by factors such as increasing consumer disposable income, cultural acceptance, and product innovation. Companies are focusing on expanding their product offerings to meet the evolving demands of consumers. The market is highly competitive, with key companies implementing various strategies to gain market share.

Research Analysis Overview

The smoking accessories market has seen a significant surge in popularity in recent years, driven by the availability of various flavors and premium products. However, there is a common misconception that smoking accessories are only for tobacco smokers. In reality, the market caters to a wide range of consumers, including those who prefer nicotine-free alternatives, chocolate or menthol-flavored tobacco, and even medicinal herbs. Restaurants and cafes have also contributed to the popularity of smoking accessories, offering vaping-related items and hookahs for patrons to enjoy. Glass pipes, rolling papers, and water pipes continue to be staples in the market, while filtration and portability are key considerations for the young population. With the legalization of cannabis in many regions, the market for smoking accessories has expanded to include vaporizers and cannabis-specific products. Health awareness has led to the development of filtration systems and nicotine-free alternatives. The flavors of tobacco and menthol remain popular, but the market is constantly evolving to meet the changing preferences of consumers.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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