What is Global Plastic Cable Ties Market?
The Global Plastic Cable Ties Market is a vast and dynamic sector that encompasses a wide range of products used in various industries. These cable ties, made primarily from plastic, are used to bundle together items, particularly wiring, to ensure neatness, organization, and safety. The market for these handy tools is global, meaning it spans across continents, catering to various industries worldwide. The value of this market was estimated at US$ 1416.8 million in 2023, and it is projected to grow steadily, reaching an anticipated value of US$ 1603.3 million by 2030. This growth is driven by the increasing demand for these ties in various sectors, including electronics, home appliances, automobiles, logistics, and others.
PA66 Cable Tie, PA6 Cable Tie, PA12 Cable Tie, PA46 Cable Tie, PP Cable Tie, PE Cable Tie, PTFE Cable Tie in the Global Plastic Cable Ties Market:
The Global Plastic Cable Ties Market is segmented based on the type of plastic used in the manufacture of the ties. These include PA66 Cable Tie, PA6 Cable Tie, PA12 Cable Tie, PA46 Cable Tie, PP Cable Tie, PE Cable Tie, and PTFE Cable Tie. Each of these types has its unique properties and applications. For instance, PA66 cable ties are known for their high tensile strength and durability, making them suitable for heavy-duty applications. On the other hand, PA6 cable ties are known for their flexibility and resistance to impact, making them ideal for use in areas where flexibility is required. Similarly, each of the other types of cable ties has its unique applications and advantages, contributing to the overall growth and diversity of the Global Plastic Cable Ties Market.
Electronic, Home Appliances, Automobile, Logistics, Others in the Global Plastic Cable Ties Market:
The usage of plastic cable ties is widespread and varied. In the electronics industry, they are used to bundle and organize wires and cables, ensuring safety and neatness. In home appliances, they are used in the assembly process to secure various components. In the automobile industry, they are used in the manufacturing process to hold together various parts and in the logistics industry, they are used to secure goods during transportation. Other uses include securing items in place during construction or repair work, bundling agricultural products, and even in medical applications. The versatility and utility of these ties make them an indispensable tool in various industries, driving the growth of the Global Plastic Cable Ties Market.
Global Plastic Cable Ties Market Outlook:
Looking at the market outlook for the Global Plastic Cable Ties Market, it's clear that this sector is set for steady growth. As of 2023, the market was valued at US$ 1416.8 million. This figure is expected to rise to US$ 1603.3 million by 2030, marking a Compound Annual Growth Rate (CAGR) of 2.2% during the forecast period from 2024 to 2030. The market is dominated by the top 5 companies, which collectively account for nearly 35% of the market share. In terms of product segmentation, PA66 cable ties hold the largest share, accounting for over 80% of the market. This dominance is due to the superior properties of PA66 cable ties, such as high tensile strength and durability.
| Report Metric | Details |
| Report Name | Plastic Cable Ties Market |
| Accounted market size in 2023 | US$ 1416.8 million |
| Forecasted market size in 2030 | US$ 1603.3 million |
| CAGR | 2.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | HellermannTyton, Thomas & Betts, Hua Wei, Changhong Plastics Group, Panduit, Longhua Daily, Hont Electrical, American Elite Moulding, Igoto Electric, Shanghai Xinlong Plastic, Advanced Cable Ties, KSS, Avery Dennison, Yongda Plastic, SapiSelco, Yueqing Huada Plastic, YY Cable Accessories, Yueqing Xinguang, Fengfan Electrical, Novoflex, HuoJu Plastic, Yueqing Zhengde Plastic, Yueqing Yu Tai Plastic, KST, Cabac, YueQing ZhongYe Plastics |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
