The Australia & New Zealand nylon cable ties market was valued at $10.7 million in 2019, and is projected to reach $18.7 million by 2027, growing at a CAGR of 8.7% from 2020 to 2027
Nylon cable tie is a type of fastener that is made of nylon material. It is known for holding things together to organize them for various purposes. Nylon cable ties are available in two types, which include single-use cable ties and reusable cable ties. They offer greater flexibility and are very easy to use. They exhibit properties such as combined strength, moderate stiffness, high service temperature, and a high level of toughness.
The nylon cable ties market in Australia and New Zealand are primarily driven by the factors such as diverse application area of nylon cable ties and increase in the adoption in the retail industry. However, the factor responsible to hinder the growth of the market include variable crude oil prices along with government regulations toward one time use of plastic. Whereas, penetration of small-scale players & limited entry barriers is expected to provide growth opportunities for the key players to maintain the pace in the nylon cable ties market.
The Australia & New Zealand nylon cable ties market is segmented on the basis of type, application, and country. Depending on type, the market is classified into nylon 6, nylon 6,6, and others. The other segment is further sub-segmented into polyvinyl chloride (PVC), grounds, stainless steel, and others. On the basis of application, the market is segmented into electronics & electrical, building & construction, automotive, agriculture, consumer goods, industrial, and others. Country wise, the market is analyzed across Australia and New Zealand.

KEY BENEFITS FOR STAKEHOLDERS
? The report includes in-depth analysis of different segments and provides market estimations between 2020 and 2027.
? A comprehensive analysis of the factors that drive and restrict the growth of the Australia & New Zealand nylon cable ties market is provided.
? Porter's five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
? Estimations and forecast are based on factors impacting the Australia & New Zealand nylon cable ties market growth, in terms of value.
? The key market players are profiled to gain an understanding of the strategies adopted by them.
? This report provides a detailed analysis of the current trends and future estimations from 2020 to 2027, which help to identify the prevailing market opportunities.
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KEY MARKET SEGMENTS
By Type
- Nylon 6
- Nylon 6,6
- Others
By Application
- Electronics & Electrical
- Building & Construction
- Automotive
- Agriculture
- Consumer Goods
- Industrial
- Others
KEY MARKET PLAYERS
- ABB, Ltd.
- Aero Manufacturing Australia Pty. Ltd
- APTIV PLC
- Electrocomponents plc
- Essentra plc
- MATelec Australia
- NPA PTY LTD
- PINPAK
- Sunlec International Pty. Ltd.
- 3M.
Other players operating in the value chain of the Australia & New Zealand nylon cable ties market are LAPP Australia, DKSH, Advanced Cable Ties, Inc., Panduit, and others.