The Global Smoking Accessories Market size is expected to reach $90.6 billion by 2030, rising at a market growth of 4.2% CAGR during the forecast period.
Rolling paper and cigarette tubes are common smoking accessories used for rolling and smoking cigarettes or other tobacco products, as well as legal herbs and substances. Therefore, rolling papers and cigarettes segment acquired $10,830.2 million revenue in the market in 2022. Pre-rolled cigarette tubes can be more convenient than rolling cigarettes manually. They come ready for use and can save time for individuals who prefer not to roll their own cigarettes. Some cigarette tubes are designed to include filters or reduce the intake of tar and harmful chemicals, potentially leading to a "lighter" smoking experience. Some of the factors impacting the market are increasing herbal and non-tobacco products, legalization of recreational and medical cannabis, and strict regulations regarding smoking and associated products.
Herbal smoking blends and non-tobacco products are gaining popularity among consumers seeking alternatives. Businesses can develop and market accessories tailored to these products, such as herbal vaporizers, rolling papers, and grinders. Many manufacturers have developed vaporizers specifically designed for herbal blends. These vaporizers should offer precise temperature control and ensure a clean and flavorful vaporization experience. Many market participants are also offering a diverse range of herbal blends that are nicotine-free and made from natural, aromatic herbs. These blends can be used with various smoking accessories, such as vaporizers, pipes, and rolling papers. Moreover, With the legalization of cannabis, there is a growing demand for smoking accessories specifically designed for cannabis consumption. This includes pipes, bongs, vaporizers, and rolling papers intended for use with cannabis products. Vaporizers have become increasingly popular for cannabis consumption, often seen as a healthier alternative to smoking. Businesses that produce vaporizers and related accessories can benefit from the growing interest in vaping cannabis. Legalization has led to various cannabis products, including multiple strains, concentrates, edibles, and oils. This diversity has created a need for specialized accessories like dab rigs for concentrates or edible-making tools. The legalization of cannabis, whether for medical or recreational use, significantly impacts the market.
However, smoking accessories are subject to varying degrees of regulation in different regions and countries. These regulations include age restrictions, advertising limitations, and product safety requirements. Staying compliant with ever-changing regulations can be challenging for businesses. Many countries and regions have strict age restrictions on purchasing and using smoking accessories. Ensuring compliance with age verification requirements can be challenging for businesses, especially online sales. Strict rules can pose challenges for specialty smoke shops and head shops that rely on selling smoking accessories. These businesses may face increased compliance costs and limitations on their product offerings. Therefore, the regulatory restrictions pose significant challenges to the market.
Based on type, the market is divided into filter & paper tip, waterpipes, rolling paper & cigarette tubes, vaporizers, lighters, and others. The vaporizers segment procured the highest revenue share in the market in 2022. Vaporizers are smoking accessories that have gained popularity in recent years due to their unique benefits and advantages compared to traditional smoking methods. Vaporizers can be highly efficient in extracting the active compounds from smoking materials. Unlike conventional smoking methods, where a significant portion of the material may be wasted through combustion, vaporization maximizes the utilization of the material, potentially saving users money over time. Vaporizers can accommodate various smoking materials, including dry herbs, wax, oils, and concentrates. This versatility allows users to explore multiple options and cater to their preferences.
By distribution channel, the market is bifurcated into online and offline. The online segment witnessed the maximum revenue share in the market in 2022. Online shopping is incredibly convenient. Users can shop 24/7 from the comfort of their homes or anywhere with the availability of an internet connection, which eliminates the need for travel and allows them to purchase at their own pace. For those who prefer privacy, online shopping offers a discreet option. They can make purchases without the judgment or scrutiny of buying smoking accessories in a physical store.
Report Attribute | Details |
---|---|
Market size value in 2022 | USD 65.3 Billion |
Market size forecast in 2030 | USD 90.6 Billion |
Base Year | 2022 |
Historical Period | 2019 to 2021 |
Forecast Period | 2023 to 2030 |
Revenue Growth Rate | CAGR of 4.2% from 2023 to 2030 |
Number of Pages | 190 |
Number of Table | 280 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
Segments covered | Type, Distribution Channel, Region |
Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Australia, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
Growth Drivers |
|
Restraints |
|
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region procured the highest revenue share in the market in 2022. Operating players have substantial expansion potential in the Asia-Pacific market. The two main factors propelling expansion are consumers' rising disposable income and acceptance of Western lifestyles. Further increasing sales of smoking accessories, which are now the newest market trends in growing regions, is the tendency of young people to be more attracted to smoking to appear cool in society. The market participants can debut cutting-edge smoking accessories in Asia-Pacific, offering prospective growth opportunities.
Free Valuable Insights: Global Smoking Accessories Market size to reach USD 90.6 Billion by 2030
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.
By Distribution Channel
By Type
By Geography
This Market size is expected to reach $90.6 billion by 2030.
Increasing herbal and non-tobacco products are driving the Market in coming years, however, Strict regulations regarding smoking and associated products restraints the growth of the Market.
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.
The expected CAGR of this Market is 4.2% from 2023 to 2030.
The Offline segment is leading the Market by Distribution Channel in 2022 thereby achieving a market value of $66.1 Billion by 2030.
The Asia Pacific region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $42 Billion by 2030.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.