Soaring Demand Set to Propel Handgun Powder Market to $2.18 Billion by 2029

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What Is the Expected CAGR for the Handgun Powder Market Through 2025?
The market for handgun powder has seen significant expansion in the last few years. The market, which is currently valued at $1.65 billion in 2024, is anticipated to increase to $1.75 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%. The historical growth in the sector is credited to contributing factors such as increasing purchases by law enforcement agencies, a surge in military training programs, the expansion of the hunting culture, more accessibility to reloading equipment, and a growing consumer fascination with sport shooting.

What's the Projected Size of the Global Handgun Powder Market by 2029?
In the coming years, the handgun powder market size is projected to experience robust growth, rising to $2.18 billion in 2029 while maintaining a compound annual growth rate (CAGR) of 5.7%. This expansion during the forecast period could be credited to growing civilian ownership of firearms, an escalation in demand for self-defense weaponry, the increasing trend of recreational shooting sports, a surge in reloading activities by enthusiasts, and an enhanced emphasis on shooting precision and personalization. Key trends for the forecasting period consist of improvements in powder formulation for cleaner ignition, the introduction of intelligent reloading technologies, technology-assisted production of uniform grain structures, progression in environmentally-friendly and minimum-residue powders, and advancements in packaging and storage safety regulations.

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Top Growth Drivers in the Handgun Powder Industry: What's Accelerating the Market?
The surge in recreational shooting and hunting's popularity is projected to stimulate the handgun powder market's expansion. These activities represent pastimes involving firearms or bows usage for sport, target practice, or hunting game animals. This surge is attributed to the increasing interest in outdoor sports that provide relaxation and skill enhancement in natural environments. Handgun powder, commonly used for recreational shooting and hunting, offers low-recoil, economical, and precise performance, making it perfect for novice shooters and small-game hunting. For example, the US Fish and Wildlife Service (USFWS), a US government agency, reported in August 2024 that around 625,000 hunters harvested approximately 8.25 million mourning doves (±7%) in 2022. Then in 2023, the hunter count increased to nearly 1.02 million, and they harvested about 16.76 million mourning doves (±4%), more than twice the previous year's total. Thus, the escalating demand for recreational shooting and hunting is propelling the handgun powder market's growth.

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What Trends Will Shape the Handgun Powder Market Through 2029 and Beyond?
Companies working in the handgun powder industry are prioritizing business development in the sphere of innovative gunpowder, seeking to supply advanced propellants to shooters that heighten reliability, precision, and versatility across different firearm uses. These firms are capitalizing on research and development to enhance features like burn uniformity, muzzle flash reduction, and cleaner shooting performance. For example, Precision Reloading, a US firm, broadened its product range in May 2025 by incorporating famous brands such as Hodgdon, Winchester, and Vihtavuori, thereby providing more choices for reloading to shooters. The advanced handgun powders they offer feature temperature stability and refined pressure curves, guaranteeing improved accuracy and reliable performance under varying circumstances. These powders accommodate a variety of calibers and shooting styles by retaining consistent burn rates and pressure levels. This expansion lends more room for customization for precision shooting enthusiasts. In a nutshell, these new products enhance ballistic precision and the versatility of reloading.

What Are the Main Segments in the Handgun Powder Market?
The handgun powder market covered in this report is segmented -

1) By Type: Smokeless Handgun Powder, Black Handgun Powder, Other Types
2) By Application: Hunting, Shooting Sports, Armed Forces, Other Applications
3) By End User: Ammunition Manufacturers, Shooting Ranges and Training Centers, Civilian Shooters, Law Enforcement Agencies

Subsegments:
1) By Smokeless Handgun Powder: Single-Base Smokeless Powder, Double-Base Smokeless Powder, Spherical (Ball) Powder, Flake Powder, Extruded (Stick) Powder
2) By Black Handgun Powder: Traditional Black Powder, Black Powder Substitute
3) By Other Types: Caseless Powder, Non-Toxic or Environmentally Friendly Powders, Specialty Match-Grade Powders

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Which Top Companies are Driving Growth in the Handgun Powder Market?
Major Companies operating in the handgun powder market are Nammo AS, Eurenco, Rheinmetall Denel Munition (Pty) Ltd., Shooters World, Hodgdon Powder Company Inc., Norma Precision Inc., Natchez Shooters Supplies, Explosia a.s., Nobel Sport Italia, Alliant Powder, Vihtavuori, Western Powders Inc., Deccan Industrial Explosives Private Limited, Narendra Explosives Limited, Prophet River Firearms, GOEX Black Powder, Poudrerie d'Aubonne SA, Maxam Outdoors S.A., Lapua, Precision Reloading

Which Regions Will Dominate the Handgun Powder Market Through 2029?
North America was the largest region in the handgun powder market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the handgun powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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