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The matches market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of 1.05% and a CAGR of 1.55%, with the market growing by USD 15.01 million during the forecast period 2021 to 2026.
This matches market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the matches market segmentation by type (ordinary matches and high-grade) and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The matches market report also offers information on several market vendors, including Apex Match Consortium India Pvt. Ltd., Atlas Atlantis, Bell Match Co., Bilal Safety Matches, Chugai Match Co. Ltd., D.D. Bean & Sons Co., Europe Match GmbH, Geewin Matches, Glovel Matches LLP, Kobe Match Co. Ltd., Malazlar Kibrit Sanayi ve Ticaret, Nizam Matches Pvt. Ltd., Pioneer Asia Group, Radiance Global Traders Pvt. Ltd., Rajashree Match Works, Royal Oak Enterprises LLC, Solo Matches & Flames AS, Swarna Match Factory, Swedish Match AB, and Walsen International Inc. among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the matches market. During the COVID-19 pandemic, the demand of the matches market has been impacted significantly, but a holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Matches Market Driver
Matches are recognized as safe for use, and this is notably driving the matches market growth. Matches are a convenient way of lighting a fire. They are widely available and very easy to handle. These are some factors that drive the growth of the global matches market. Smokers, especially those who need to light their cigarettes find this product very handy and useful. Even in rural areas where advanced technology has not yet penetrated, matchsticks are used for various applications that involve lighting a fire. Matches are widely used to ignite candles and incense sticks in religious settings like temples, mosques, and churches. As a result, the market for matches has traditionally been dominated by places of worship. Thus, the increasing demand for matches is expected to drive the global matches market during the forecast period.
Key Matches Market Trend
The growing alternative uses of matches are the primary trend driving the matches market growth. A match is a basic tool for igniting a fire. Matches are generally made of stiff paper or wooded sticks. When the matchstick is hit against a suitable surface that is normally present on the matchbox, the ignition substance, which generally is red phosphorus, on one end of the matchstick catches fire. Matches can be used to light candles, incense sticks, cigarettes, a bonfire, a stove, and camphor. There are more uses for matches outside, other than just lighting fires, which is their main function. For instance, matches are frequently used for a variety of creative projects or to create games like puzzles. Thus, the global matches market is expected to grow positively during the forecast period owing to the introduction of new alternatives.
Key Matches Market Challenge
Innovation and the introduction of more advanced fire-lighting tools is the major challenge impeding the matches market growth. Innovations and the introduction of more advanced fire-lighting tools have hampered the growth of the global matches market. People have started favoring several alternatives that have emerged in the market, such as automatic lighters. The modern consumer prefers to use the newest things currently available on the market since they are more tech-savvy. The demand for matches is also slowing down due to urbanization, improved living standards, and an increase in disposable income. Matches were a complimentary item for smokers when they purchased cigarettes. Instead of lighting their cigarettes using a matchstick, they have since shifted to lighters, which are more practical. In addition to matches, gas lighters are now being used to light cooking stoves. All these factors will lead to an enormous decline in the global matches market during the forecast period.
This matches market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global matches market as a part of the global household products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the matches market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the matches market encompasses successful business strategies deployed by the key vendors. The matches market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The matches market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our In-house experts produce extensive information on the value chain and parent market of the matches market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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29% of the market’s growth will originate from North America during the forecast period. The US is the key market for the matches market in North America. Market growth in this region will be faster than the growth of the market in other regions.
The increasing number of smokers and the rising demand for matches will facilitate the matches market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the COVID-19 pandemic adversely impacted the economies of several countries, such as the US, Canada, and Mexico. Several countries in the region imposed lockdowns to contain the spread of COVID-19. Labor shortages and logistics-related disruptions became top concerns for the manufacturers of matches in 2020. Many enterprises, especially small and medium-sized enterprises (SMEs), suspended the production of matches for a few months. This affected the operations, supply chain activities, and working capital of the vendors in the region. However, in Q3 2021, the vendors of matches started resuming their operations with proper social distancing and sanitization norms owing to the initiation of large-scale vaccination drives in the region. Such factors are expected to drive the growth of the regional matches market during the forecast period.
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The matches market share growth in the ordinary matches segment will be significant during the forecast period. Ordinary matches that are made with white phosphorus and those made from phosphorus sesquisulfide can be struck on any suitable surface. Even after safety matches had become widespread in Europe, they continued to be especially popular in the US. They are still widely used today, including in many developing nations, for a variety of purposes, including camping, outdoor activities, emergency/survival situations, and as part of homemade survival kits.
This report provides an accurate prediction of the contribution of all the segments to the growth of the matches market size and actionable market insights on the post-COVID-19 impact on each segment.
Matches Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 1.55% |
Market growth 2022-2026 |
$15.01 million |
Market structure |
Fragmented |
YoY growth (%) |
1.05 |
Regional analysis |
North America, Europe, APAC, the Middle East and Africa, and South America |
Performing market contribution |
North America at 29% |
Key consumer countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Apex Match Consortium India Pvt. Ltd., Atlas Atlantis, Bell Match Co., Bilal Safety Matches, Chugai Match Co. Ltd., D.D. Bean & Sons Co., Europe Match GmbH, Geewin Matches, Glovel Matches LLP, Kobe Match Co. Ltd., Malazlar Kibrit Sanayi ve Ticaret, Nizam Matches Pvt. Ltd., Pioneer Asia Group, Radiance Global Traders Pvt. Ltd., Rajashree Match Works, Royal Oak Enterprises LLC, Solo Matches & Flames AS, Swarna Match Factory, Swedish Match AB, and Walsen International Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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