Smoking Accessories Market

Smoking Accessories Market Research, 2030

The global smoking accessories market was valued at  $3.1 billion in 2020, and is projected to reach $6.3 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030.

COVID-19 pandemic negatively impacted the smoking accessories market. Supply chain disruption, lack of raw material availability, and restrictions on the movement of goods during the pandemic affected the smoking accessories market. Moreover, delays and disruptions at country borders have impacted the transportation and delivery of smoking accessories products across the globe.

The global smoking accessories market size was valued at $3.1 billion in 2020, and is projected to reach $6.3 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030. Introduction of flavored water pipe tobacco has raised popularity of water pipe smoking among all age groups of consumers. Moreover, a misconception among consumers that water pipe smoking is healthier than cigarette smoking, owing to filtration of smoke before inhalation has further led to rise in demand for smoking accessories. Moreover, attractiveness of flavors such as sweet, fruity, chocolate, spicy, flavors propel the market growth. Sweet flavors are greatly appealing among younger population and contribute toward popularity of water pipe smoking. Moreover, easy availability of water pipe products in online and offline sales channels such as specialty stores, bars & cafes and others has further boosted the growth of the market. Furthermore, demand for flavored water pipe tobacco has raised significantly in developing countries such as India, Brazil, and South Africa, which further propels the market growth.

However, nicotine replacement therapy is a medically approved method of obtaining nicotine, except through tobacco use. It is used to aid in quitting cigarette smoking or chewing tobacco. Nicotine replacement therapies can significantly reduce cravings, thereby breaking the mental addiction to tobacco-based products. Growing public awareness regarding high success rate of nicotine replacement therapies, such as patches, lozenges, gums, and other products restrict growth of the smoking accessories market.

The smoking accessories market is segmented on the basis of product type, age group, distribution channel, and region. Based on product type, the smoking accessories market is bifurcated into grinder, water pipes, rolling paper, vaporizers, and others. On the basis of age group, it is divided into below 18 years, 18 to 30 years, 30 to 50 years, and above 50 years. On the basis of distribution channel, it is categorized into online and offline. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of product type, the smoking accessories market is categorized into grinder, water pipes, rolling paper, vaporizer, and others. Water pipes constitute the major smoking accessories market share; however, the grinder segment is projected to experience growth at the highest CAGR during the forecast period. Water pipe is gaining popularity globally, especially among college students, urban youth, and young professionals. Moreover, hookah smoking has significantly increased growth of retail establishments, which are indulged in providing water pipes on rent as well as in sales of water pipes, along with hookah flavored tobacco mixtures. Furthermore, increase in use of water pipes in parties, clubs, cafes, bars, hotels, lounges, and others has further led to rise in growth of the water pipe segment.

By age group, the market is divided into below 18 years, 18 to 30 years, 30 to 50 years, and above 50 years. The 18 to 30 years segment lead in terms of market share, and is expected to continue to grow with robust CAGR during the forecast period.

On the basis of distribution channel, the market is categorized into online and offline. The offline segment held the major share in the market, and is projected to remain dominant during the forecast period.

By region, Asia-Pacific accounted for the highest market share in 2020, and is expected to grow at a significant CAGR during the forecast period. Increase in use of smoking accessories among young population has driven growth of smoking accessories market in Asia-Pacific region.

Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. The key players profiled in the smoking accessories industry includes BBK Tobacco & Foods, LLP, British American Tobacco PLC, Bull Brand, Chongz, Curved Papers, Inc., Imperial Brands, Jinlin (HK) Smoking Accessories Co., Ltd., Moondust Paper Pvt. Ltd., Republic Technologies International and Univac Furncrafts Pvt. Ltd.

Covid-19 Impact Analysis

• COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December 2020.
• The global coronavirus pandemic has created a number of challenges for exporters in developing and developed countries. Challenges witnessed by the exporters of smoking accessories products are likely to remain for the foreseeable future as different states and governments around the world attempt to tackle COVID-19 with various measures.
• Implementation of curfew and the practice of maintaining social distancing globally affected domestic as well as international production, which, in turn, hampered growth of the overall market.
• Import and export restrictions on goods and quarantine & lockdown measures imposed by governments are key challenges exporters are facing during this pandemic.
• Delays and disruptions at country borders have impacted transportation and delivery of smoking accessories.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smoking accessories market analysis from 2020 to 2030 to identify the prevailing smoking accessories market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the smoking accessories market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global smoking accessories market trends, key players, market segments, application areas, and smoking accessories market growth strategies.

 Smoking Accessories Market Report Highlights