Ammunition Boxes Market: Overview
The ammunition boxes are rugged and stackable boxes specially designed for military uses. These boxes are used for storage of ammunition, mortars, grenades, and flares. Ammunition boxes are rust proof which propels significant growth of the ammunition boxes market. These boxes are tested for air and water tightness. Hence, its leakage proof quality enhances the shelf life of the stored products. The ammunition boxes are designed with high quality and stringent specifications which ensures safe transportation and storage. Additionally, the top lid of the ammunition boxes consists of drop-down handles that give portability. These boxes are re-sealable for easy access and reuse. The ammunition boxes are available in various sizes. However, in order to meet with specific requirements of the customers, key players are customizing sizes of ammunition boxes. These boxes are manufactured from metal or wood material. It is anticipated that the demand for metal ammunition boxes is significantly increased compared to alternate boxes because wood material absorbs moisture and becomes difficult to handle. Owing to the benefits of ammunition boxes, the market is anticipated to increase rapidly during the forecast period.
Ammunition Boxes Market: Dynamics
Corrosion-free storage and the increased shelf life of the product are the fueling factors for driving the global market of ammunition boxes. The ammunition boxes give maximum protection and can withstand rough handling. Because of its specific design, it permits high stacking and occupies less space for storage. These factors are also responsible for driving the market of ammunition boxes in several regions. The expansion of military and defense services results in exponential growth opportunities for the ammunition boxes market. Furthermore, the low tare weight of ammunition boxes contributing to low packaging and transportation cost which further propels significant opportunities for the growth market growth. Ease of customization further boosting the market growth of ammunition boxes.
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The flexible packaging trend might impact negatively on the growth of ammunition boxes market. End users might have more proclivity towards plastic pouches which are lightweight and cost-effective. However, ammunition boxes are suitable for the transportation of large quantities of ammunition and grenades.
Ammunition Boxes Market: Segment
The ammunition boxes market is segmented on the basis of product, material, size, and end use. The detailed segmentation is as follows:
On the basis of product, the market is segmented as,
- M2A1
- M2A2
- M19A1
- Others
On the basis of material, the market is segmented as,
- Metal
- Wood
On the basis of size, the market is segmented as,
- Small Calibre Ammunition
- Medium Calibre Ammunition
On the basis of end use, the market is segmented as,
- Military and Defense
- Commercial
- Others
Ammunition Boxes Market: Regional Overview
Based on geography, the demand and consumption of ammunition boxes is analyzed for different countries across seven regions namely North America, Europe, Latin America, East Asia, South Asia, Middle East and Africa, and Oceania. North America is expected to hold highest market share in ammunition boxes market during the forecast period. Owing to presence of many key players providing services for ammunition boxes and increment in military budgets by the government, multiple opportunities are expected for the growth of ammunition market in this region. The key players are manufacturing ammunition boxes as per the standards of U.S. Department of Defense and international requirements. Europe Market is estimated to expand with potential growth rate during the forecast period. Lucrative opportunities for the expansion of ammunition boxes market in East and South Asia is estimated with the growing demand of ammunition in various countries such as China, Japan, and India. The market is expected to grow with moderate CAGR in Middle East and Africa. Also Oceania ammunition boxes market is expected to remain sluggish during the forecast period.
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Ammunition Boxes Market: Key Players
The key players of ammunition boxes market are as follows:
- Astor Defence
- Mauser Packahing Solutions (BWAY Corporation)
- Milan Box Corporation
- Sacil Srl
- Alta Max
- Tri State Crating and Pallet Co., Inc.
- Olive Planet
Apart from this, many new players are entering in to the ammunition boxes market for significant revenue generation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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