Glow Sticks Market to Receive Overwhelming Hike in Revenues By 2030 | TMR Study

A glow stick refers to a short-term, self-contained source of light. It comprises a translucent plastic tube that contains isolated substances isolated materials. When mixed, this material renders light chemiluminescence properties without needing an external source of energy. However, this light can be used only once and cannot be turned off. Glow sticks made their way into the market as a substitute for flare in military applications. However, in recent times, there has been increased adoption of the product for use in applications in civil society, which is likely to support the growth of the global glow sticks market over the period of analysis, from 2020 to 2030.

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According to the United States Fire Administration (USFA), improved clear visibility reduced the overall rate of mortality and also diminished the possibility of accidents on the road. As recommended by USFA, fluorescent glow sticks is estimated to find a wide scope of application in several situations, which is likely to support the rising demand for glow sticks in the years to come.

Application and region are the two important parameters based on which the global glow sticks market has been classified.

Global Glow Sticks Market: Notable Developments

One of the relevant and important developments of the market that gives a quick view of the dynamics pertaining to the global glow sticks market is mentioned below:

• In January 2019, US-based Zippo Manufacturing Company announced to acquire of Northern Lights Enterprises, Inc. The latter has been a manufacturer and marketer of light products. This acquisition is expected to give Zippo a range of diversified products, important expertise and know-how, and new channels of distribution.

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Some of the prominent organizations in the global glow sticks market comprise the below-mentioned:
• Bessen Glow Technology Ltd.
• Northern Lights, Inc
• Yiwu Findtoys Trading Co. Ltd
• The Glow Company UK Ltd
• Lumica Corporation
• Cyalume Corporation

Global Glow Sticks Market: Key Trends

The global glow sticks market is characterized by the presence of the following restraints, drivers, and opportunities.

Increased Demand from Adventure Sports Lovers to Foster Growth of the Market

The use of glow sticks is still limited to developed countries. However, in the last few years, there has been increased emphasis on the development of infrastructure in developing countries in the last few years. This factor has raised concern for the safety of roadside workers. Glow sticks are gaining slow entry into this sector so as to minimize the risk and reduce the number of fatalities arising out of the hazardous nature of the work. As such, it can prove to be beneficial for the manufacturers, which is expected to work in favor of the global glow sticks market over the assessment timeframe, from 2020 to 2030.

Adventure sports have gained immense popularity amongst tourists looking for thrilling experiences. Scuba diving and snorkeling are such popular adventure sports and these sports have started making use of glow sticks. These sticks are increasingly used as safety and emergency light source in adventure sports. Glow sticks have also gained popularity as party supplies. With growing use in various civilian applications, the global glow sticks market is expected to observe considerable growth in the coming years.

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Global Glow Sticks Market: Geographical Analysis

North America and Europe dominate the global glow sticks market and are forecasted to remain prominent regions throughout the period of analysis. Authorities, such as REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) are a European body working toward lowering the impact of chemical use. Corporate end users and manufacturers in Europe are expected to comply with standards regarding the use of chemicals as laid down by the body. This requires the manufacturers of glow sticks to stick to the regulations and produce glow sticks in Europe.

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