The Europe Smoking Accessories Market would witness market growth of 4.0% CAGR during the forecast period (2023-2030).
Due to the availability of numerous product alternatives and price comparison tools on online shopping websites, more people are shopping online. Due to the lack of investment in physical outlets, this is advantageous for merchants. Additionally, more individuals prefer to make their purchases online because it allows them to read reviews that other customers wrote, compare various businesses and products, and check the costs of things from many sellers at the same time. As a result, the market is expanding as more people embrace online sales channels.
Regulations are a crucial aspect of the market, as they vary significantly depending on the region and the type of products involved. Governments and regulatory bodies have imposed age restrictions, labeling requirements, and restrictions on certain types of products, particularly in the case of tobacco. Such regulations aim to balance consumer safety, public health, and the interests of businesses operating in the market.
According to the UK Government, in the UK population in 2022, there were 6.4 million smokers, or 12.9% of adults over 18. In the United Kingdom, people aged 25 to 34 had the most significant percentage of current smokers (16.3%); those 65 and older had the lowest percentage (8.3%) in 2022. In Great Britain, e-cigarette use was highest among those aged 16 to 24; the percentage of individuals in this age group who were daily or occasional vapers increased to 15.5% in 2022 from 11.1% in 2021.
Social media platforms like Instagram, Facebook, and Twitter have allowed smoking accessory brands to showcase their products to a global audience. Manufacturers and retailers in the UK use these platforms to visually highlight their products, including pipes, bongs, lighters, and more. Consumers in the UK frequently turn to social media platforms to share their experiences with smoking accessories. Thus, the regional market will expand significantly in the coming years, owing to all these factors.
The Germany market dominated the Europe Smoking Accessories Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,964 Million by 2030. The UK market is exhibiting a CAGR of 3.2% during (2023 - 2030). Additionally, The France market would experience a CAGR of 4.8% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Type, the market is segmented into Vaporizers, Filter & Paper Tip, Waterpipes, Rolling Paper & Cigarette Tubes, Lighters, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smoking Accessories Market will Hit $90.6 Billion by 2030, at a CAGR of 4.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bull Brand, Moondust Paper Pvt. Ltd., British American Tobacco PLC, Imperial Brands PLC, The Rolling Paper Company, Univac Furncrafts Pvt. Ltd., Republic Technologies International, Curved Papers, Inc., Jinlin Group Co. Ltd., and Empire Glassworks.
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