Global Safety Knives Market To Reach $ 321.9 Million By 2027; Growing Penetration Of Online Shopping To Drive Market Growth, According To Coherent Market Insights (CMI)

SEATTLE, Aug 09, 2021 (GLOBE NEWSWIRE) – The Global Safety Knives Market is valued at US $ 238.6 million in 2020 and is expected to grow at a CAGR of 4.8% during the forecast period (2021- 2027).

Key World trends and analysis Safety knives Marlet:

Main target market players around the world safety knife market offer safety knives with various innovative features, this is a key factor driving the demand for safety knife products around the world. For example, Safety, Inc. offers iSlice Slice Safety Cutter, which includes a microscopic ceramic blade suitable for fingers. It is a quick, easy and safe substitute for traditional safety knives. This knife is perfect for removing shrink film, thin film and opening of plastic clamshell packaging and flexible packaging. The company also offers a self-retracting can cutter, featuring the company’s patented ceramic safety blade that helps reduce the risk of injury. The ergonomic handle protects the hands during use and limits the exposure of the blade, thus making a safer and more comfortable cutting experience. For added safety, the blade automatically retracts into the shaft when the slide button is released.

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Key market Take away food :

The global safety knives market is expected to grow at a CAGR of 4.8% during the forecast period (2021-2027). The increasing penetration of the online channel in the B2B market is expected to drive the growth of the safety knives market during the forecast period. The online channel creates larger ecosystems for businesses, possesses new capabilities and enables businesses to generate new sources of revenue. Additionally, online channels are efficient in terms of both time and cost as they serve as a one-stop-shop for B2B buyers. E-commerce offers an opportunity to acquire new customers, while retaining and retaining existing customers, which also helps to boost the safety knife market.

Not only does a B2B e-commerce website acquire new customers, it also enables an automated cross-sell and up-sell recommendation program to be implemented. It can help businesses increase sales by offering relevant suggestions to customers and encourage them to purchase items with more features and functionality. For example, according to the United Nations Conference on Trade and Development, the value of global B2B e-commerce in 2018 was $ 21 trillion. This shows that nowadays, individuals prefer to buy more through online platforms. Now, a B2B e-commerce website selling safety knives is expected to acquire more customers and propel the growth of the target market.

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Competitive landscape:

The major players operating in the global safety knife market are Martor KG, Slice, Inc., The Safety Knife Company, Techni Trade, Hyde Tools, Inc., Milwaukee Electric Tool Corporation, Irwin Industrial Tools, Apex Tool Group, LLC, Pacific Handy Cutter Inc., Olfa Corporation, Stanley Black & Decker, Inc. and HTK Company.

The main players are focusing on strategic regional expansion to increase their geographic presence and strengthen their customer base. For example, in 2016 Techni Trade completed the construction of the administrative, production and warehouse building for its cutting tools in Čelákovice, Prague-East.

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