According to recently published research by Fact.MR, the worldwide glow stick market is presently estimated to be worth US$ 134.8 million and is expected to grow at a 3.4% CAGR to US$ 189.2 million by 2032.
When it comes to the global demand for glow sticks, individual/recreational consumers/hobbyists own a commanding market share of 64.3%.
The demand for glow sticks is quite strong across all end-use sectors. These glow sticks provide a practical remedy for lighting requirements. Glow sticks are frequently used for lighting effects and for ornamental purposes. For lighting and safety concerns, they are mounted on bicycles and used on enormous wheels during fairs. Numerous end uses exist for glow sticks of various sizes and in various configurations.
Download Free Sample Copy of this Report, HURRY!!! –
https://www.factmr.com/connectus/sample?flag=S&rep_id=4204
Key Takeaways from Market Study
- By product, chemiluminescent glow sticks hold the largest market share of 76.6% in 2022.
- By usability, disposable glow sticks are projected to account for 81.2% market share by 2032.
- Among the buyer types, individual/recreational buyers/hobbyists is dominate with a market share of 64.3%.
- North America accounts for 32.3% share of the global glow stick market.
- The markets in East Asia and South Asia & Oceania are expected to rise at 4.5% and 3.9% CAGRS, respectively, during the forecast years of 2022-2032.
Market Development
The strategy for participants in the glow stick market has been to focus on bulk production to gain optimum profits.
To deliver innovative sticks that are suited to the unique needs of end users and are sustainable, manufacturers should focus on technology. Additionally, manufacturers of glow sticks should continue to prioritize working with end users, as this will help them understand consumer needs and enable them to create solutions that are tailored to specific applications and markets across the world.
Get Customization Copy :
https://www.factmr.com/connectus/sample?flag=RC&rep_id=4204
Competition Landscape
To enhance their portfolios in the fragmented and highly competitive market, market players are adopting innovative product launches as a key growth strategy. In addition, business expansion is also a preferred strategy for market players to enhance their global market position by increasing distributor networks, adopting online sales channels, and capacity expansion.
Fact.MR has given in-depth information about the various strategies used by players in the glow stick market, along with detailed sales analysis of glow sticks, top glow stick manufacturers, SWOT analysis, and sales generated from target glow stick manufacturers positioned across geographies.
For More Premium Insights, Check out the Link:
Segmentation of Glow Stick Industry Research
- By Product :
- Chemiluminescent Glow Sticks
- Bioluminescent Glow Sticks
- By Size :
- Less than 2 Inches
- 2.1 – 5 Inches
- 5.1 – 12 Inches
- More than 12 Inches
- By Usability :
- Disposable Glow Sticks
- Reusable Glow Sticks
- By Buyer Type :
- Individual / Recreational Buyers / Hobbyists
- Campers
- Sea Divers
- Other Individual Buyers
- Commercial & Institutional
- Industrial
- Rescue Services
- Defense
- Individual / Recreational Buyers / Hobbyists
- By Sales Channel :
- Offline Sales Channels
- Modern Trade
- Toy Stores
- Camping Equipment Stores
- Party Props Stores
- Safety Equipment stores
- Other Offline Stores
- Online Sales Channels
- Company Websites
- E-Commerce Platforms
- Offline Sales Channels
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South-East Asia & Oceania
- Middle East & Africa
Choose Quick and Secure PayPal Payment Mode to Get Full Access of This Report –
https://www.factmr.com/checkout/4204
Contact:
21st floor , 136 Sejong-daero,
Seoul,100-768
South Korea
Phone: +1 (628) 251-1583
Email: [email protected]