Smoking Market Continues to Grow

December 18, 2023

The global smoking accessories market size was valued at USD 64.4 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. The growth of the market is attributed to the increasing number of smokers around the world coupled with the rising trend of launching new and innovative products to intrigue more users. Moreover, the rising preference of consumers to make their own tobacco over products that are factory-made as they can be customized as per their needs along with saving money is a key factor that is anticipated to drive the market in the coming years.

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