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Glow Sticks Market

Glow Sticks Market

Glow Sticks Market Analysis by Product Type (Chemical, Electronic Glow Sticks), by Product Size (Less than 2 inch, 2.1-5 inch, More than 12 inch), by Grade (Standard, Military Grade), by Sales Channel, by End-Use, by Region - Global Forecast 2022-2032

Glow Sticks Market
FACT4204MR

Global Glow Sticks Market Outlook

The global glow sticks market is estimated at USD 275.1 Million in 2022 and is forecast to surpass USD 441.7 Million by 2032, growing at a CAGR of 4.8% from 2022 to 2032.

Report Attributes

Details

Base Year Value (2021A)

USD 263.7 Million

Estimated Year Value (2022E)

USD 275.1 Million

Projected Year Value (2032F)

USD 441.7 Million

Global Growth Rate (2022-2032)

 CAGR 4.8%

North America Market Share in 2021

~34%

North America Growth Rate (2022-2032)

CAGR ~5.2%

Collective Value Share (US, China, India) 2022: Top 3 Countries

~40%

Top 5 Companies Market Share in 2021

~23%

Key Companies Profiled

  • Bessen Glow Technology Ltd.
  • Northern Lights, Inc.
  • Yiwu Findtoys Trading Co. Ltd.
  • The Glow Company UK Ltd.
  • Sinoglow Industrial
  • Findtoys Trading
  • OmniGlow
  • Glow Fever
  • Lumica Corporation
  • Cyalume Corporation
  • Other Market Players

The global glow sticks market is likely to create an absolute dollar opportunity of USD 166.6 Million by the end of 2032. The global glow sticks market holds ~18% of the global glow products market.

2017-2021 Global Glow Sticks Market Outlook in Comparison to 2022-2032 Growth Forecast

Introduced to the military applications as a flare alternative, adoption of glow sticks in civil security has augmented its demand. As per the United States Fire Administration (USFA), effective conspicuity exceedingly decreased the overall mortality rate and reduced possibility of accidents. As per the recommendations of USFA, the fluorescent glow sticks will be viable for usage in multiple situations.

The usage and demand of glow sticks in the past decade has been dominated by the developed countries like United States, Canada and European countries. The usage of glow sticks in the developing countries is still bleak. The infrastructure projects in developing countries have been receiving heavy endorsements in the recent past.

The need for implementation of safety for road side workers regarding proper conspicuity is one of the major issues encountered in the developing countries. The introduction of the glow sticks to these countries as a means to alleviate number of fatalities will be fruitful for the manufacturers.

Fact.MR projects the glow sticks market is expected to witness exhibiting growth at 4.8% CAGR during 2022 and 2032 in comparison to a CAGR of 3.2% with which it grew from 2017 and 2021.

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European Regulation Shift Consumer Preferences towards LED based Glow Sticks

REACH, a European regulation associated with Registration, Evaluation, Authorization and Restriction of Chemicals substances strives to lower the impact associated with the usage of chemical substances. The manufacturers and corporate end users working in European Union are required to have appropriate compliances regarding the usage of chemicals and products involving chemicals.

The usage of chemical glow sticks in the European Union has been affected by the REACH regulation. The manufacturers are required to comply with the regulation while manufacturing glow sticks. The importers and commercial users are required to have appropriate information of the involved chemicals in the chemical luminescence glow sticks. This has led to the shift of the consumer and commercial preference towards the LED based glow sticks. Moreover, the developing countries also present new and significant opportunities in the glow sticks market.

The Recreational Usage of Glow Sticks to Increase Demand in the Coming Decade

Adventure sports have become one of the cornerstone of the thrill-seeking tourists. Over the years, scuba diving has evolved to become mainstream adventure sport. One of the most popular type of scuba diving is the night diving. According to Professional Association of Diving Instructors (PADI), the usage of the primary LED lights and secondary glow sticks are recommended.

This has attributed to the high demand for glow sticks in adventure sports. Due to the ease of use and dispensability, glow sticks have found their way into variety of adventure sports as emergency and safety light source. The glow sticks are also one of the popular choices for party supplies. Owing to this increasing demand in civilian usage, the manufacturers have shown to have increased the glow stick colors.

The consumer inclination has led to the increased production of small glow sticks, i.e. lower than 10” size. The manufacturers have been striving to increase their sales by investing in multiple distribution channels. Currently, glow sticks are available through direct sales, specialty stores, and online retail.

An Adaptive Approach to Modern-day Research Needs

Manufacturers of Glow Sticks Diversifying their Portfolio for Arts and Recreational Utilities

The market for glow sticks is highly fragmented, due to multiple the involvement of multiple companies, especially for China that offer glow sticks and related luminescent accessories. The external sourcing by governmental institutions for glow sticks can be highly profitable for the current and emerging players in the glow sticks market.

The research report presents a comprehensive assessment of the glow sticks, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

Competitive Landscape: Top Companies in Glow Sticks Market

The global glow sticks market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of glow sticks.

Fact.MR has provided detailed information about price points of key manufacturers in glow sticks market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • Zippo Manufacturing Company in 2019 announced to acquire Northern Lights Enterprises, Inc., which is the manufacturer of light products. This acquisition will allow for the diversification of product portfolio, the knowhow along with the provision of new channels of distribution

Global Glow Sticks Market by Category

  • By Product Type, Global Glow Sticks Market is segmented as:

    • Chemical Glow Sticks
    • Electronic Glow Sticks
  • By Product Size, Global Glow Sticks Market is segmented as:

    • Less than 2 inch
    • 2.1-5 inch
    • 5.1-12 inch
    • More than 12 inch
  • By Grade, Global Glow Sticks Market is segmented as:

    • Standard
    • Military Grade
  • By End-Use, Global Glow Sticks Market is segmented as:

    • Military
    • Camping
    • Sea Diving
    • Entertainment
    • Others
  • By Sales Channel, Global Glow Sticks Market is segmented as:

    • Direct Sales
    • Specialty Stores
    • Online Stores
    • Other Sales Channel
  • By Region, Global Glow Sticks Market is segmented as:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

The global value of glow sticks market is estimated to be worth over USD 275.1 Million in 2022.
The demand is anticipated to surpass USD 441.7 Million by 2032 end.
During 2017-2021, global glow sticks market grew at 3.2% CAGR.
Some of the prominent players in glow sticks market are Bessen Glow Technology Ltd., Northern Lights, Inc., Yiwu Findtoys Trading Co. Ltd., The Glow Company UK Ltd., etc.
North America tops the global glow sticks market accounting for 34.2% of global market share in 2022.
Entertainment segment under the end-use segment contributes 32.3% of market share in global sales of glow sticks.

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