Report Code: A16013 | Pages: 230 | Apr 2022 | 3454 Views | ||
Author(s) : Nitesh C , Roshan D | Tables: 153 | Charts: 72 |
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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.
Smoking Accessories Market
By Product TypeWater pipes segment dominates the global market and is expected to retain its dominance throughout the forecast period.
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.
Smoking Accessories Market
By Distribution ChannelOffline segment is expected to grow at a highest CAGR of 6.6% 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
Smoking Accessories Market Report Highlights
Aspects | Details |
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By Product Type |
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By Age Group |
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By Distribution Channel |
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By Region |
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Key Market Players | Moondust Paper Pvt. Ltd., Jinlin (HK) Smoking Accessories Co., Ltd., Univac Furncrafts Pvt. Ltd., Bull Brand, BBK Tobacco & Foods, LLP, Imperial Brands , Curved Papers, Inc., Chongz, Republic Technologies International, British American Tobacco PLC |
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According to perspective of top-level CXOs, innovation is the key for growth of the smoking accessories market, in terms of value sales. Rise in demand for various smoking accessories among customers makes way for manufacturers to come up with innovative products along with affordable prices and eco-friendly packaging.
Demand for smoking accessories such as water pipes and rolling paper has increased in social places such as cafes, bars, and restaurants. Furthermore, young generation has more attraction toward parties and they try to look cool in their groups by smoking water pipes, bongs, and using other smoking accessories. In addition, peer pressure is very common among young generation that makes them opt for smoking. Smoking is also considered as a symbol of independence among some youth, which increases the rate of smoking during parties in cafes and restaurants. Hence, all such factors propel the market growth.
Furthermore, increase in penetration of various online portals globally, and rise in number of offers or discounts attract large consumer base to purchase smoking accessories through online channels. In addition, online sales channel has increased consumer reach, making it key source of revenue for many companies.
A. Rise in demand for flavored water pipe tobacco products and rapid adoption of online sales channels are the upcoming trends of Smoking Accessories Market in the world.
A. Asia-Pacific is the largest regional market for Smoking Accessories.
A. The global smoking accessories market size was valued at $3,134.2 million in 2020, and is projected to reach $6,341.3 million by 2030, registering a CAGR of 6.5% from 2021 to 2030.
A. The key players profiled in the report 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.
A. 2020 is the base year calculated in the Smoking Accessories Market report.
A. The company profile has been selected on the basis of prominent players in the market.
A. The market value of the Smoking Accessories Market in 2020 is $3,134.2 million.
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