Asia-Pacific’s Knife and Blade Market to Reach $4.7B by 2035

The demand for knives and cutting blades, especially for machines and mechanical appliances, is on the rise in the Asia-Pacific region. This growing demand is expected to keep the market on an upward trajectory for the next decade.

While market growth is projected to slow down slightly, it is still set to expand at a compound annual growth rate (CAGR) of 1.0% between 2024 and 2035. By the end of 2035, the market volume is expected to reach 244,000 tons.

In terms of value, the market is also forecast to grow steadily, with an anticipated CAGR of 1.6% during the same period. This growth is expected to bring the market’s total value to $4.4 billion (at nominal wholesale prices) by 2035.

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