Global Matches Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028

The global matches market is anticipated to grow at a CAGR of 1.5% during the forecast period (2022-2028).It is a fire lighting tool made from wooden material or stiff paper. The major factor expected to drive the market growth is its use in household, commercial, and religious places for the use of lighting stoves or to light a candles, incense sticks, campfire, camphor, and cigarettes. In addition, matches are a convenient way to light a fire, they are feasible and very easy to handle, especially, smokers who need to light their cigarettes, again and again, found this product very handy and useful. These are some factors that propel the growth of the global matches market during the forecast period.

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Furthermore, matchsticks are used for various purposes that need lighting up of fire in religious places, where people go to worship, such as temples, mosques, and churches. Matches are used on a large scale to light up candles and incense sticks which is further boosting the growth of the market during the forecast period. Moreover, its widespread use for various art and craft purposes or making games such as puzzles also support the global matches market to grow further during the forecast period.

Some major players in the market include Apex Match Consortium India Pvt Ltd., Swedish Match AB, and Pioneer Asia Group, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in October 2021, the All-India Chamber of Match Industry, in unison, decided that the match price should increase, citing the proliferation in raw material costs. Further, they added that currently, the price for a 600-large bundle of matchboxes, with 50 matchsticks each, is sold to retailers for nearly $3.5-3.9. However, with the new rates being imposed from December 1, the same bundle will now cost nearly $5.5-$6.2, reflecting a rise of almost 60%excluding the 12% GST and the transportation cost.

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Packaging
By Distribution Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-Apex Match Consortium India Pvt Ltd., Swedish Match AB, and Pioneer Asia Group, among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Matches Market Report by Segment

By Type

Ordinary Matches
High-Grade Matches
Others

By Packaging

Match Boxes
Match Books

By Distribution Channel

Supermarkets & Hypermarkets
Independent Retailers
Convenience Stores
Specialist Retailers
Online Retailers

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This release was published on openPR.