Growth Drivers
Increasing utilization of smoke grenades for controlling the riots and protests
Huge demand for the smoke grenade is created due to rising civil turmoil and internal terrorism in various parts of the globe.
To control the occurrences of violent protests and civil turmoil without the use of lethal force, smoke grenades are heavily preferred by law enforcement bodies, which is expected to boost the demand for the smoke grenade in the forecast period.
A rise in eco-friendly agents being used for manufacturing smoke grenades
Owing to growing safety concerns and to reduce the toxic contamination, vendors in the manufacturing industry are using eco-friendly agents in the manufacturing of smoke grenades. This will boost the demand for smoke grenades in the smoke grenade market.
Additionally, technological advancements have led to the creation of new generation smoke grenades that are less lethal and handheld. The technology might help in creating light weights and effective grenade launch systems which will further strengthen the market growth.
Challenges
Toxic pollution and safety risks might hinder the growth
There have been cases of accidental explosions and there is a significant risk of toxic contamination due to smoke grenades. These factors is anticipated to attribute towards the slow smoke grenade market growth of smoke grenades during the forecast period.
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
4.5% |
Base Year Market Size (2023) |
USD 424.91 million |
Forecast Year Market Size (2036) |
USD 753.02 million |
Regional Scope |
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Author Credits: Dhruv Bhatia
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