According to the latest report by IMARC Group, “Latin America Cigarette Lighter Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” the Latin America cigarette lighter market is expected to continue its moderate growth during the forecast period (2021-2026).
What is Cigarette Lighter?
Cigarette lighters are small devices that assist in lighting cigarettes, pipes, and cigars. They comprise inflammable fluids or pressurized liquid gases that are generally contained in a metal or plastic container. They are light in weight, compact in size and relatively convenient to use when compared with matchboxes, due to which they are widely gaining popularity among smokers.
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What are the growth prospects and trends in the Latin America Cigarette Lighter industry?
The market in Latin America is majorly driven by the rising number of smokers in the region. With rapid urbanization, hectic lifestyles led by working professionals and their rising stress levels, there has been a considerable demand for aesthetic and premium lighters across the region. Moreover, multiple players are investing in research and development (R&D) activities to introduce innovative variants in the market, which is creating a positive outlook for the market. For instance, easy-to-use electric lighters with convenient designs are gaining widespread prominence among the masses. The advent of pollution-free and flint-based lighters is providing an impetus to market growth further.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Flint cigarette lighter
- Electronic cigarette lighter
- Others
Breakup by Material Type:
- Metal
- Plastic
- Others
Breakup by Distribution Channel:
- Tobacco shops
- Supermarkets and hypermarkets
- Convenience stores
- Online Stores
- Others
Breakup by Country:
- Brazil
- Mexico
- Argentina
- Columbia
- Chile
- Peru
- Others
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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