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SEATTLE, Aug 09, 2021 (GLOBE NEWSWIRE) – The global safety knife market was estimated at $ 238.6 million in 2020 and is expected to have a CAGR of 4.8% over the forecast period (2021-2027).
button Trends and analyzes of the global Safety knife Market:
Top target market players worldwide Safety knife market Offering safety knives with various innovative functions, this is a key factor in the global demand for safety knife products. For example, Safety, Inc. offers the iSlice Slice Safety Cutter, which has a finger-friendly microscopic ceramic blade. It is a quick, easy and safe replacement for traditional safety knives. This knife is perfect for removing shrink wrap, thin film and opening clamshell plastic packaging and flexible packaging. The company also offers an automatically retractable box cutter that features the company’s patented ceramic safety blade that reduces the risk of injury. The ergonomic handle protects hands during use and limits blade exposure, ensuring a safer and more comfortable cutting experience. For additional safety, the blade automatically retracts into the shaft when the slide button is released.
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Key market Souvenirs:
The global safety knife market is projected to have 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 spur security knife market growth over the forecast period. The online channel creates broader ecosystems for companies, offers new opportunities and enables companies to develop new sources of income. In addition, online channels are time and cost efficient as they serve as a one-stop shop for B2B buyers. E-commerce offers the opportunity to acquire new customers while retaining and retaining existing customers, which also helps drive the safety knife market.
A B2B e-commerce website not only helps in acquiring new customers, but also enables the implementation of an automated cross- and upselling recommendation program. This can help companies increase sales by providing relevant suggestions to their customers and encouraging 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 was $ 21 trillion in 2018. This shows that individuals nowadays prefer to shop through online platforms. From now on, a B2B e-commerce website that sells safety knives is expected to attract more customers and drive the growth of the target market.
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Competitive landscape:
Major players in the global Safety Knife market include 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 focused on strategic regional expansion in order to increase their geographic presence and acquire a stronger customer base. For example, in 2016 Techni Trade completed the construction of the administration, production and storage building for its cutting tool products in Čelákovice, Prague-East.
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