Global Cable Tie Materials Market, By Material (Nylon, Metallic, Polypropylene, Tefzel, Stainless Steel, Others), Product (Releasable Cable Tie, Non- Releasable Cable Tie, Beaded Cable Tie, Push Mount Cable Tie, Rising Hole Cable Tie, Identification Cable Tie, Heat Stabilized Cable Tie), Application (Electronics and Electrical, Consumer Goods, Building and Construction, Food and Beverage, Automobile Industry, Agriculture) – Industry Trends and Forecast to 2029.

Market Analysis and Size

Over the years, the materials and packaging sector has experienced moderate growth. Significant rise in demand for the cable ties due to its various applications across the end-users further pushes the demand for the cable tie materials resulting in high growth of the market over the forecast period. The continuous demand from end-users, especially the building and construction sector will aid the market to grow immensely in the long run.

• Global cable tie materials Market was valued at USD 108.1 million in 2021 and is expected to reach USD 168.64 billion by 2029, registering a CAGR of 5.4% during the forecast period of 2022-2029. The “building and construction" accounts for the largest application segment in the cable tie materials market.    

Market Definition

Cable tie materials can meet a wide range of demands, as they are used in a variety of operations, ranging from simple cable bundling to specific use of cable ties in extreme conditions. Cable ties (also referred as wire ties, zipper ties, wire wraps, hose ties, rat belts, and mouse belts) are a cost-effective and versatile way to bundle cables and wires. It is manufactured and sold in a variety of sizes to meet the needs of customers. A cable tie is a one-piece moulded mechanism with a fastening and self-locking device that has no metal barbs or burdensome wedges.

Cable Tie Materials Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• Beneficial Properties of Cable Ties

The cable ties offer various properties such as the better bundle tightness, flexibility, and superior tensile strength and safely and securely organize electrical cables that potentially evades damage, falls, and impairment to cables, resulting in greater demand for cable ties further leading to accelerate the growth of the market.

• Growing Demand Across End Users

Furthermore, the various application of cable ties across several industries, such as electronics and electrical, consumer goods, building and construction, food and beverage, automobile industry, agriculture will bolster the growth of the market. Cable ties are largely utilized in the construction and automotive industries to tie multiple things together during the primary construction activities and in automotive assembling lines that cushions the overall growth of the market.

• Rising Economic Growth

Surging urbanization and globalization leads to penetration of small-scale market players across the globe, which will drive market value growth. Additionally, growing disposable income and rapid expansion of the construction sector will further expand the future growth of the cable tie materials market.

• Rising Advancements and Innovations

Furthermore, the high investments in energy, infrastructure and technology development are other market growth determinants. Surging technological advancements and introduction of innovative solutions along with rising investments in the 5G network extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

Restraints/Challenges

• Volatility in Crude Oil Prices

The varying global crude oil prices are also adversely impacting the market and will create hindrances for the growth of the cable tie materials market.

• Rising Environmental Concerns

The environmental concerns related to disposal will challenge the cable tie materials market. Also, low awareness in underdeveloped regions and growing competition will act as growth restraints for the market.

This cable tie materials market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cable tie materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post COVID-19 Impact on Cable Tie Materials Market

COVID-19 has largely impacted the packaging sector across the globe. Global cable tie materials market was also grievously hit by the pandemic. The issues such as the disrupted supply and distribution chain, disrupted raw material supply and logistic issues, suspension of various production operations, and limited labor availability, among others, started emerging as soon as the government imposed lockdown restrictions and restrictions on traveling other transportation facilities. As a result, the market had to bear financial losses, negatively impacting the cable tie materials market. These issues led to several challenges for the market.

However, several governments and private sector businesses are operating at a limited capacity which will help market overcome the challenges and grow post-COVID scenario.

Recent Development

• In June 2021, Sharp NEC Display Solutions, a global leader in the display market, announced today a collaboration with Avery Dennison to deliver ActiveSceneTM, an innovative, interactive AV solution. ActiveSceneTM is a comprehensive AV solution that combines Avery Dennison's VelaTM Dynamic System with NEC projection technology to transform existing windows into engaging, eye-catching displays.

Global Cable Tie Materials Market Scope

The cable tie materials market is segmented on the basis of material, product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Nylon
• Metallic
• Polypropylene
• Tefzel
• Stainless Steel
• Others

On the basis of material, the cable tie materials market has been segmented into nylon, metallic, polypropylene, tefzel, stainless steel and others.

Product

• Releasable Cable Tie
• Non- Releasable Cable Tie
• Beaded Cable Tie
• Push Mount Cable Tie
• Rising Hole Cable Tie
• Identification Cable Tie
• Heat Stabilized Cable Tie

On the basis of product, the cable tie materials market has been segmented into releasable cable tie, non- releasable cable tie, beaded cable tie, push mount cable tie, rising hole cable tie, identification cable tie and heat stabilized cable tie.

Application

• Electronics and Electrical
• Consumer Goods
• Building and Construction
• Food and Beverage
• Automobile Industry
• Agriculture

On the basis of application, the cable tie materials market is segmented into electronics and electrical, consumer goods, building and construction, food and beverage, automobile industry and agriculture. The building and construction registers highest market share within the segment in the forecasted period.

Cable Tie Materials Market Regional Analysis/Insights

The cable tie materials market is analyzed and market size insights and trends are provided by country, material, product and application as referenced above.

The countries covered in the cable tie materials market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the cable tie materials market because of the significant demand for residential and commercial construction in the region.

On the other hand, Asia-Pacific is estimated to register a significant growth due to the rapid urbanization and industrialization, growth in the material handling industry, and rise in the consumer electronics sector in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Cable Tie Materials Market Share Analysis

The cable tie materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cable tie materials market.

Some of the major players operating in the cable tie materials market are Ascend Performance Material (U.S.), 3M (U.S.), Hellermann Tyton (U.K.), ABB Installation Products Inc. (U.S.), Changhong Plastics Group Imperial Plastics Co.,Ltd. (China), HellermannTyton (U.K), YUEQING HUADA PLASTIC CO., LTD., (China), AVERY DENNISON CORPORATION (U.S), HONT Electrical Co. Ltd (China), PARTEX MARKING SYSTEMS (Sweden), (U.S.), H.W. Eckhardt Corporation (U.S), Hoods Cable Tie (India),  Acme Seals Group of Companies (U.K), BAND-IT (U.S), and Advanced Cable Ties, Inc (U.S) among others.