According to a research report published by Spherical Insights & Consulting, the Global Small Caliber Ammunition Market Size to grow from USD 12.35 billion in 2021 to USD 12.91 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 0.5% during the forecast period. The Small Caliber Ammunition market is anticipated to be driven by rising global hunting and sporting activities and rising military spending.