Industry Background:
Gaslighters are used to lighting cigarettes, gas stoves, candles, etc. It is ignited with the help of a piezoelectric effect to generate an electric spark for a combustible flame. Growing consumption of cigarettes and the introduction of a range of premium products are increasing the demand of the lighters around the world. However, unawareness in the underdeveloped economy and entry of substitute products like e-cigarette might hinder the growth.This growth is primarily driven by Growing Population of Smokers is Increasing the Demand of Gas Lighters.
Globally, a noticeable market trend is evident Increasing Adoption of Highly Innovative Gas Lighter Designs
. Major Vendors, such as BIC (France), Scorch Torch (United States), Baide International (China), Colibri Group (United States), Marlboro (United States), Zippo (United States), Shaodong County Hefeng Industry Co. (China), Ningbo Xinhai Electric Co. Ltd. (China) and Swedish Match (Sweden) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
6the December 2018, BIC, engaged in manufacturing safe, high-quality stationery, lighters, files lawsuits at the International Trade Commission (ITC) and the United States Federal District Court for the Eastern District of New York, to stop import and sale of knock-off pocket lighters in the United States as these lighters were of poor quality and copied products of BIC
Regulatory Insights:
“According to the U.S Consumer Product Safety disposable Lighter means a lighter that either is not refillable with fuel or uses a gaseous fuel (butane, propane, etc.) under pressure and has a customs value or ex-factory price under USD 2.25 (adjusted factory price under USD 2.25 (adjusted every 5 years). Moreover, the standard requires that each unit of disposable or novelty lighter must be labeled with an identification of the manufacturing time period, not to exceed 31 days, during which the lighter was made.”
Market Drivers
- Growing Population of Smokers is Increasing the Demand of Gas Lighters
Market Trend
- Increasing Adoption of Highly Innovative Gas Lighter Designs
- Introduction of Child Resistant Lighters and expansion in the Premium range of Products
Restraints
- Risk of Safety Associated with Lighter Handling
- Unavailability of Gas Connection in Underdeveloped Countries
Opportunities
Growing International Trades for Basic Consumer Goods and Increasing Research and Developments in enhancing Manufacturing Safety
Challenges
Price Fluctuations according to the Gas Connection and The entry of Substitute Products like E-Cigarettes might hinder the Growth
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