The global cable tie market is estimated to show modest growth, a CAGR of 8%, during the forecast period. The major factors driving the market growth include rapid industrialization and emerging demand for metal detectable cable ties across the globe. The trend towards industrialization has been witnessed at a global level, coupled with the increasing government initiatives to promote industrialization. The initiative includes a series of ambitious state-backed programs launched by the Government of China. This is intended to modernize the Chinese economy, leverage productivity and make innovations that are a major driver for the country’s economic growth.

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The Made in China (MIC) 2025 plan signifies that China’s manufacturing sector is large; however, not strong coupled with the gaps in innovation capacity, quality of industrial infrastructure, the efficiency of resource utilization, and degree of digitalization. As a result, the government decided to conduct the task of upgrading and accelerating technological developments. This shows government support for the expansion of industrial facilities in the country and thereby, boosting the global cable tie market growth. This rise in the industrialization is supporting the adoption of cable tie across industries, such as food and beverage, consumer goods and electronics and electricals. Moreover, there are several cables ties used in industrial settings for power transmission, networking, and communication.

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Global Cable Tie Market Segmentation

By Material Type

Nylon

Metal

Others (Fluoropolymer)

By Product Type

Releasable

Non-Releasable

Beaded

Push Mount

Mounting holes

Identification

Heat Stabilized

Others (Reusable and UV Resistant)

By Application

Electronics and Electricals

Automobile

Consumer Goods

Construction

Others (Agriculture)

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

3M Co.

ABB Ltd.

Acme Seals Group

Advanced Cable Ties, Inc.

All-States Inc.

American Elite Molding LLC

Avery Dennison Corp.

BAND-IT-IDEX, Inc.

Changhong Plastics Group Imperial Plastics Co., Ltd.

HellermannTyton Pvt. Ltd.

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