Global Plastic Bullets Market Overview:
The global Plastic Bullets market is expected to witness high growth in the forecasted period due to increasing demand in various applications such as military, toys and many others. the plastic bullets are also called plastic baton round (PBR). It is a less-lethal projectile fired from a specialized gun. Although designed as a less-lethal weapon, they have caused a number of deaths. They are generally used for riot control. The first plastic bullet was made of PVC. it was 89 mm long and 38 mm in diameter and weighed approximately 131 g.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The Rising Demand due to Online Availability and High Adoption for Recreational use
Market Growth Drivers:
The Rising Demand from Military Industry and Increasing Inclination of Kids towards Toys
Challenges:
High Competition Between Major Players
Restraints:
Availability of Substitutes Associated with Plastic Bullets
Opportunities:
The Technological Advancement and Quality Improvisation in the Plastic Bullets
Competitive Landscape:
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Some of the key players profiled in the report are Vista Outdoors (United States), Nonlethal Technologies (United States), Combined Systems (United States), Companhia Brasileira De Cartuchos (CBC) (Brazil), Fiocchi Munizioni (Italy), Federal Ammunition (United States), Rheinmetall (Germany), Lightfield Ammunition (United States), Security Devices International (United States) and The Safariland Group (United States). Additionally, following companies can also be profiled that are part of our coverage like Amtec Less Lethal Systems (United States), Sage Control Ordnance (United States), Olin Corporation (United States) and Verney-Carron (France). Analyst at AMA Research see United States Vendors to retain maximum share of Global Plastic Bullets market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Online Distribution Channel will boost the Plastic Bullets market.
Latest Market Insights:
In October 2023, Safariland, known for its police equipment, introduced a new line of "reduced-impact" plastic bullets designed for crowd control situations. The company claims these bullets minimize potential injuries while maintaining effectiveness.
In August 2023, Simunition, a major player in training simulations, launched its "FX Pro" line of realistic plastic bullets for law enforcement and military training exercises. These bullets mimic the sound and recoil of real ammunition, enhancing training realism.
What Can be Explored with the Plastic Bullets Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Plastic Bullets Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Plastic Bullets
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Plastic Bullets market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Plastic Bullets market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Plastic Bullets Manufactures, Plastic Bullets Suppliers, Plastic Bullets Distributors, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.