The new report by Expert Market Research titled, ‘Brazil Lighter Market Price, Trends, Growth, Analysis, Outlook, Report and Forecast 2023-2028’, gives an in-depth analysis of the Brazil Lighter Market, assessing the market based on its segments like product type, applications, material type and fuel refillability. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2020): USD 337 Million
• Forecast CAGR (2023-2028): 1.8%
• Forecast Market Size (2026): USD 375 Million
The growing number of cigarette smokers around the world is driving the lighter market in Brazil. Smokers are becoming more prevalent because of rapid urbanisation and people’s shifting and stressful lifestyles. The lighter market is also assisted by Latin America’s growing economy, which has resulted in customers having more disposable income. Technology advances in emerging regions such as Latin America are accelerating market growth.
Brazil Lighter Industry Definition and Major Segments
A lighter is a small, portable device that can be used to create a flame and ignite a variety of fuels, including cigars, gas stoves, flares, candles, and cigarettes. It consists of a flammable fluid or pressurised liquid gas-filled metal or plastic container, a flame-producing ignition device, and some flame-extinguishing equipment. To ignite the target, the lighter may be powered by electricity using an electrical arc or a heating element.
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On the basis of types, the market can be divided into:
• Flint
• Electronic
The lighter on the basis of applications can be classified into:
• Cigarette Lighter
• Kitchen Lighter
• Others
On the basis of material types, the market can be segmented into the following:
• Plastic
• Metal
• Others
The lighter on the basis of fuel refillability can be divided into:
• Refillable
• Non-Refillable
Brazil Lighter Market Trends
The market is being pushed even further by increasing producer competition. Refillable cigarette lighters are expected to increase in popularity as consumers become more environmentally conscious. The market’s growth is being aided by the product’s low cost and consumers’ preference for pocket lighters that include multi-tools such as bottle openers, knives, scissors, and screwdrivers.
Key Market Players
The major players in the market are Société BIC, B2Brazil, Zippo Manufacturing Company, Swedish Match AB, and FLAMAGAS SA. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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