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The Smoking Accessories Market size is projected to increase by USD 15.38 billion, at a Compound annual growth rate (CAGR) of 4.36% between 2023 and 2028. The increasing number of organized retail outlets selling smoking accessories is driving market growth. There has been a significant growth in the organized retail market with the establishment of several supermarkets, convenience stores, hypermarkets, and speciality stores. Supermarkets, convenience stores, and hypermarkets are the major distribution channels for smoking accessories as they ensure the easy availability and high accessibility of smoking accessories to consumers. Hence, this is expected to drive the smoking accessories market's growth during the forecast period. This market analysis and report includes key information on the market drivers, trends, and challenges during the forecast period.
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In the Market, Tobacco and Smoking Accessories continue to be a significant segment. Marketers focus on various products such as Filters, Papers, Pipes, Tobaccos, and Vaping Devices. They cater to the diverse preferences of consumers, including Marketing Camps and Markets. Filters, like Cone Filters and Marketing Filters, are essential components for smokers seeking a better smoking experience. Marketers also offer a wide range of Papers, including Vaporizer Papers and Vaping Pipes, to accommodate the growing popularity of vaping. Pipes, such as Glass Pipes and Metal Pipes, are classic Smoking Accessories that maintain a strong presence in the market. Marketers also focus on innovative designs and materials to attract younger consumers. Tobaccos, including Cigars and Pipe Tobaccos, continue to be popular choices for traditional smokers. Marketers employ various marketing strategies to target this demographic. Governments worldwide regulate the market through regulations and taxes. Regulations aim to reduce health risks, while taxes generate revenue. Despite these challenges, the market remains robust, driven by consumer demand and innovation.
Several of the prominent vendors in the global market are launching various types of accessories, such as vaporizers, pipes, cigarette holders, cigarette papers, lighters, and ashtrays, backed by several new product launches and expansion, in the market to cater to a broad consumer base and thereby increase their visibility in the market.One of the key factors driving the market growth is the rising number of new product launches and expansion of existing ones by several manufacturers across the world. For instance, in January 2021, British American Tobacco launched its first CBD vaping product, VUSE CBD Zone. Hence, such product innovations are expected to drive the global market growth and trends during the forecast period.
As the market mainly depends on tobacco consumption and smoking, there are various rules and regulations imposed by several national governments over the consumption and marketing of smoking products globally. Furthermore, there is a rise in the number of countries banning the consumption of smoking products which can negatively impact market growth. Governments of many countries, such as India and Austria, have banned smoking in public places. Hence, such factors can significantly hinder the global market growth during the forecast period.
The offline segment is estimated to witness significant growth during the forecast period. One of the main factors which have fuelled the market growth is the increase in the number of stores and business expansions by retailers such as supermarkets, hypermarkets, and convenience stores.
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The offline segmnet was the largest and was valued at USD 19.67 billion in 2018. For instance, in August 2022, Tesco Plc, a supermarket that is based in the UK, announced its expansion plan to open 14 new express stores and 59 new stores in 2023. Factors such as the increasing prominence of discount rates are fuelling the preference for retailers and other vape shops which will drive the growth of this segment which in turn will drive the growth of global market during the forecast period.
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Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The APAC region led the global market in 2023, driven by rising tobacco consumption, hookah adoption, and e-cigarette demand. Key products include vapes & vaporizers, herb grinders, and other accessories. In China, the world's largest tobacco producer and consumer, over 300 million smokers fuel market growth. Major growth drivers are the popularity of smoking tobacco products and the expansion of organized retailing outlets. Additionally, the increasing preference for smokeless alternatives, such as bongs and grinders, contributes to market growth.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market trends and analysis report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The market is witnessing a surge in demand for new and innovative products catering to diverse preferences, including flavored tobacco and water pipes. With a young population seeking portability and filtration, the market is embracing medicinal herbs and witnessing the rise of smoking cafes and bars. Particularly in developing countries, aggressive marketing campaigns are driving sales, despite increasing government regulations. The market also sees demand for therapies for nicotine replacement due to growing health awareness. Additionally, the legalization of cannabis has expanded offerings to include various vaping-related items and premium products in cafes and restaurants. Various flavors, including menthol and chocolate, are transforming the landscape, despite lingering misconceptions.
In addition, the market is experiencing notable shifts following cannabis legalization and the rising demand for flavors of tobacco and tobacco hookah, including hookah charcoal. This includes the popularity of flavored water pipe tobacco, although there are lingering misconceptions. The market thrives through both online and offline sales channels, offering nicotine replacement therapy as a medically approved method to combat cravings and mental addiction. Various product types, including grinders, cater to diverse demographics such as college students, urban youth, and young professionals who frequently engage in hookah smoking at retail establishments, parties, clubs, hotels, and lounges. The market features a blend of traditional pipes and modern devices, complemented by aesthetically pleasing accessories.
Market Scope |
|
Market Report Coverage |
Details |
Page number |
157 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4% |
Market growth 2024-2028 |
USD 15.38 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.11 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 49% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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 SmokingAccessories 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. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
Customization purview |
If our market research and growth report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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