Cable Ties Market Top Players, Global Trends, BusinessOpportunities, and Industry Forecast till 2023
“Rapid surge in the market is credited to the rising demand from food & beverages industry, and retail sector. Growing adoption of metal as well as nylon cable ties from pharmaceutical sector is anticipated to boost the demand of cable ties over the forecast period.�
The global cable ties market is expected to display higher growth rate over the upcoming years. Rapid surge in the market is credited to the rising demand from food & beverages industry, and retail sector. Development of metal detectable cable ties is expected to drive the growth of the market over the forecast period. Globally, cable ties market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of cable ties. Growing adoption of metal as well as nylon cable ties from pharmaceutical sector is anticipated to boost the demand of cable ties over the forecast period. Different types of cable ties such as counting zip tie, wire tie, zipper tie, wire wrap, hose tie, rat belt, and mouse belt are gaining popularity among end-use industries in the past few years. Use of cable ties for wide range of application ranging from bundling of cables to flameproof applications is estimated to amplify market value for cable ties in the upcoming years. Cable ties are mostly less expensive, ease of use, and ubiquitous, thus finding application in various industries. Use of stainless steel cable ties with coated surface in rugged plastic, for exterior applications and extreme environmental conditions is predicted to foster the growth of cable ties market over the forecast period.