Ashtray Market Forecast, By Material (Ceramic, Silicon, Glass, Stone, Stainless Steel, Brass, Plastic, Wooden, Copper, Poly-resin), By Shape (Rectangular, Square, Circular, Drum, Oval, Anomalous), By End-Use (Household, Commercial, Public Zones) & By Region Outlook | 2021-2031
Ashtray Market Forecast and CAGR
According to the latest research by Fact MR., Ashtray market is set to register sizeable growth during 2021-2031 with a CAGR around 5%. Demand shall witness growth, owing to increased smokers’ concentration globally demanding ash tray. This demand will provide major boost to the overall ash tray market during assessment period.
Moreover, ashtray being an economical product doesn’t bother purchasing parity of the consumers. Thus, Fact.MR believes that demand shall rise with wider adoption rates of ash tray offerings for commercial and household purposes globally.
What is Driving Demand for Ashtray?
In this era of high population growth, environmental concern has been the major cause driving the wheel of fortune in ashtray business. Environment susceptible smokers’ looks forward to owning an ashtray to dust down their cigarette ash. This is attributed to increasing negative environmental impacts carried by cigarette buds and ash when not disposed wisely.
Today, we find a wider landscape of these smokers concentrated at beaches, park, mall, bus stops etc. who makes it quite difficult for environmental authorities and policymakers to stop spreading cigarette litter at these public places. Demand for ashtray thus believes to rise owing to aforementioned cases during assessment years.
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Increasing Smokers’ Concentration is Likely to Elevate Ashtray’ sales
It is estimated that globally, over 6 trillion cigarettes are smoked justifying the surge in smokers’ concentration over the past decades. This in addition, becomes very important to maintain an aesthetic concern and save non-smoking human life and other animals from cigarette littering around hotels, streets, bars and restaurants. Thus, these ashtrays observes to have a great market opportunity in the view to reduce these scenarios.
The hazardous materials and chemicals in cigarettes like nicotine, benzene are highly responsible for contamination of aquatic and soil environments. The application of filters is not possible for every smoker, so to reduce the impact of discarded butts, ashtrays has become one of the most selling tobacco products.
Ashtray market have seen various dynamic changes owing to design adaptability in the tray structure. Today, these ashtrays are available in variety of attractive design. Even the tray are believed to be portable such that can be used everywhere for the ease of smoker’s.
Such effective changes in the ashtray has provided the market significant traction to hold more market share in the business.
Asia Pacific Ashtray Market Outlook
Asia Pacific region is considered to be the most promising arena housing the production units of Tabaco and nicotine manufacturers. This is attributed to low cost of production, economical labor market and ease of raw material procurement in the region. In addition, region also reflects positive impacts over the consumption figures as well. Region like Indian, Chinese, and Philippine are seen actively participating in tobacco campaigns organized by Philip-Morris International to favor swelling demand for tobacco.
China having 300+ million smokers, which is equal to 33.33% of world’s total smoking population. It consist of around 1/2 of current male tobacco smokers shows that huge demand in market is to arise in near future.
Furthermore, highly dense populated areas like China, India, Macao, Singapore, Hong Kong, etc., are sheltering the maximum smokers’ concentration which shall be the potential consumer of ashtray in the near future. These consumers hold much potential of purchasing the ashtray to behold the environmental policies and awareness regarding adverse effects to littering cigarette buds on public places.
Considering the above facts, by manufacturing and export, Asia Pacific is one of the leading regional market for ashtray, where China and India are two most prominent business destination for its manufacturers and consumers.
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Covid-19 Impact on Ashtray Market
Covid-19 has deeply affected the business of ash tray manufacturers. This is attributed to swelling infection rates across globe leading to lower consumption of cigarettes. The infection rate has deeply affected smokers thus, consumers have reduced the smoking frequency during the same timeframe. This has further deteriorated the market of ashtray also.
During Covid-19, people showed much concerns regarding their physical heath and observed to quit smoking to maintain physical wellbeing. Even doctor advises to reduce the frequency of smoking has been the key factor degrading the demand for ashtray backed by falling cigarette consumption globally
Who are the Key Manufacturers and Suppliers of Ashtray?
Some of the leading manufacturers and suppliers of Ashtray include
- CHAPIUS-COMOY & CIE &
- Other prominent players.
Players operating in the business are providing high end portable ash tray to dominate upper hand in business. Marketing and band endorsement remained a key strategy adopted by brand owners to address their respective product offerings.
An Adaptive Approach to Modern-day Research Needs
Ashtray Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
- Stainless Steel
By End Use
- Public Zones
- Street Vendor
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may time to reflect in the analysis.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
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