Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Bed Size (Double Bed, Single Bed & Infant Bed), By Price (Low, Medium, High), By End-user (Defense & Aerospace, Oil & Gas, Commercial Marine, Fishing, Construction, Entertainment industry, Wind Energy, Others), By Distribution Channel (Online, Offline) And Competitive Landscape
Product Code: ETC389681 | Publication Date: Aug 2022 | Updated Date: Sep 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | Africa Cordage and Twine Market |
Forecast Period | 2024-2030 |
CAGR | 10.6% |
Growing Sector | Construction |
The Africa Cordage and Twine market report thoroughly covers the market by bed size, by price, by end user, by distribution channel and by countries. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.Â
The Africa Cordage and Twine Market is projected to grow from approximately USD 300 million in 2024 to around USD 500 million by 2030, with a compound annual growth rate (CAGR) of 10.6% during this period. This growth is driven by increasing demand across various sectors, including agriculture, construction, and packaging, where cordage and twine are essential for securing, binding, and transporting goods. The rising agricultural activities and the expansion of the e-commerce sector, which necessitates robust packaging solutions, further propel market expansion. Additionally, the growing focus on sustainable materials and eco-friendly production methods is expected to significantly contribute to the growth of the cordage and twine market in Africa through 2030.
The Africa Cordage and Twine Market is experiencing steady growth, driven by increasing demand across various sectors such as agriculture, construction, and manufacturing. Cordage and twine products, including ropes, strings, and cables, are essential for a wide range of applications, from securing loads and supporting structures to agricultural tasks like harvesting and fencing. The market's expansion is supported by rising infrastructure projects, agricultural development, and the growth of industrial activities across the continent. Key regions such as South Africa, Nigeria, and Kenya are significant contributors, driven by their economic development and increasing investments in infrastructure and agricultural modernization. Additionally, the market is benefiting from innovations in materials and manufacturing processes, including the development of more durable and environmentally friendly cordage products. Despite challenges such as fluctuating raw material prices and competition from alternative materials, the Africa Cordage and Twine Market is poised for continued growth, supported by rising demand and sector advancements.
According to 6Wresearch, Africa Cordage and Twine market size is projected to grow at a CAGR of 10.6% during 2024-2030. The growth of the Africa Cordage and Twine Market is driven by several key factors, including the increasing demand for robust and versatile cordage solutions across various industries. The expansion of infrastructure projects, such as roads, bridges, and buildings, requires durable ropes and cables for construction and safety applications. In agriculture, the need for efficient harvesting, fencing, and securing equipment drives demand for high-quality twine and cordage products.
The rise in industrial activities and the modernization of agricultural practices across the continent further support market growth. Additionally, innovations in materials and manufacturing processes, such as the development of high-strength synthetic fibers and eco-friendly options, are enhancing product performance and attracting new applications. The growing emphasis on safety, reliability, and cost-effectiveness in industrial and agricultural sectors also contributes to increased adoption of cordage and twine products, fueling overall market expansion.
Government initiatives in Africa are supporting the growth of the Cordage and Twine Market through various measures aimed at enhancing industry standards and fostering local production. Many governments are investing in infrastructure development, which drives demand for cordage and twine products for construction and safety applications. Additionally, there are programs to support the modernization of agricultural practices, including subsidies and grants for advanced farming equipment and materials, which increases the need for durable twine and cordage. Efforts to promote local manufacturing and reduce import dependency are also significant, with policies designed to encourage domestic production and improve supply chain efficiency. Furthermore, regulatory bodies are working to establish quality standards for cordage products, ensuring safety and performance across industries. These initiatives collectively contribute to the growth and stability of the cordage and twine market by boosting demand, supporting local industries, and enhancing product standards.
Key companies in the Africa Cordage and Twine Market include both established international players and prominent regional manufacturers that drive the industry with their diverse product offerings and innovative solutions. Major global companies such as Samson Rope Technologies, Cordage, and American Cord & Webbing bring advanced technology and high-quality materials to the market, leveraging their extensive expertise and distribution networks. Regional leaders like South Africa’s Rope Access Solutions and Nigeria’s Blue Ocean Technologies also play a crucial role, offering locally manufactured cordage and twine products that cater to specific regional needs. These companies focus on delivering durable, high-performance products for various applications, from construction and agriculture to industrial uses. Their commitment to innovation, quality, and customer service, combined with investments in modern manufacturing processes, positions them as key contributors to the growth and development of the cordage and twine market across Africa.
The future of the Africa Cordage and Twine Market looks promising, with projected growth driven by ongoing infrastructure development, agricultural modernization, and industrial expansion. As urbanization and infrastructure projects continue to rise, there will be an increased need for durable and reliable cordage solutions for construction and safety applications. The agricultural sector's shift towards advanced techniques and equipment will further boost demand for high-quality twine and cordage. Innovations in materials, such as the development of high-strength synthetics and eco-friendly options, are expected to enhance product performance and attract new applications. Additionally, the emphasis on local manufacturing and reducing import dependency will likely stimulate market growth by fostering regional production capabilities and supply chain efficiency. Despite challenges such as fluctuating raw material costs and competition from alternative materials, the overall outlook for the market remains strong, supported by sustained demand across key sectors and ongoing advancements in product technology.
According to Ravi Bhandari, Research Head, 6Wresearch, the Africa Cordage and Twine Market serves a diverse range of end users, each with specific requirements for cordage products. In the defense and aerospace sectors, cordage is utilized for various applications, including securing equipment and rigging systems. The oil and gas industry relies on robust ropes and cables for drilling, extraction, and safety operations. In the commercial marine sector, cordage is essential for mooring, towing, and other maritime activities. Fishing industries use specialized twine for nets and traps, while the construction sector requires durable ropes for lifting, securing, and safety purposes.
The entertainment industry also utilizes cordage for rigging and staging in events and performances. Additionally, the wind energy sector employs high-strength cables for turbine installation and maintenance. Each of these sectors demands high-quality, reliable cordage solutions to meet their specific operational needs, driving market growth across diverse applications.
South Africa, Nigeria, and Kenya are key players in the Africa Cordage and Twine Market, each contributing significantly to the sector’s development through their diverse economic activities and industrial needs. South Africa, with its advanced infrastructure and robust construction and marine industries, is a major consumer of cordage products for various applications, including construction and commercial marine activities.
Nigeria, as one of Africa’s largest economies, shows strong demand for cordage in sectors such as oil and gas, agriculture, and commercial marine, driven by its extensive industrial activities and agricultural modernization. Kenya, with its growing infrastructure projects and expanding agricultural sector, is also a significant market for cordage and twine, supporting both construction and agricultural needs. These countries are central to the market’s expansion, leveraging their economic growth, infrastructure development, and industrial diversity to drive the demand for high-quality cordage and twine products across the continent.
The Africa Cordage and Twine market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Cordage and Twine Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Cordage and Twine Market Revenues & Volume,2020 & 2030F |
3.3 Africa Cordage and Twine Market - Industry Life Cycle |
3.4 Africa Cordage and Twine Market - Porter's Five Forces |
3.5 Africa Cordage and Twine Market Revenues & Volume Share, By Countries,2020 & 2030F |
3.6 Africa Cordage and Twine Market Revenues & Volume Share, By Bed Size,2020 & 2030F |
3.7 Africa Cordage and Twine Market Revenues & Volume Share, By Price,2020 & 2030F |
3.8 Africa Cordage and Twine Market Revenues & Volume Share, By End-user,2020 & 2030F |
3.9 Africa Cordage and Twine Market Revenues & Volume Share, By Distribution Channel,2020 & 2030F |
4 Africa Cordage and Twine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Cordage and Twine Market Trends |
6 Africa Cordage and Twine Market, 2020 & 2030F |
6.1 Africa Cordage and Twine Market, Revenues & Volume, By Bed Size, 2020 & 2030F |
6.2 Africa Cordage and Twine Market, Revenues & Volume, By Price, 2020 & 2030F |
6.3 Africa Cordage and Twine Market, Revenues & Volume, By End-user, 2020 & 2030F |
6.4 Africa Cordage and Twine Market, Revenues & Volume, By Distribution Channel, 2020 & 2030F |
7 South Africa Cordage and Twine Market, 2020 & 2030F |
7.1 South Africa Cordage and Twine Market, Revenues & Volume, By Bed Size, 2020 & 2030F |
7.2 South Africa Cordage and Twine Market, Revenues & Volume, By Price, 2020 & 2030F |
7.3 South Africa Cordage and Twine Market, Revenues & Volume, By End-user, 2020 & 2030F |
7.4 South Africa Cordage and Twine Market, Revenues & Volume, By Distribution Channel, 2020 & 2030F |
8 Nigeria Cordage and Twine Market, 2020 & 2030F |
8.1 Nigeria Cordage and Twine Market, Revenues & Volume, By Bed Size, 2020 & 2030F |
8.2 Nigeria Cordage and Twine Market, Revenues & Volume, By Price, 2020 & 2030F |
8.3 Nigeria Cordage and Twine Market, Revenues & Volume, By End-user, 2020 & 2030F |
8.4 Nigeria Cordage and Twine Market, Revenues & Volume, By Distribution Channel, 2020 & 2030F |
9 Kenya Cordage and Twine Market, 2020 & 2030F |
9.1 Kenya Cordage and Twine Market, Revenues & Volume, By Bed Size, 2020 & 2030F |
9.2 Kenya Cordage and Twine Market, Revenues & Volume, By Price, 2020 & 2030F |
9.3 Kenya Cordage and Twine Market, Revenues & Volume, By End-user, 2020 & 2030F |
9.4 Kenya Cordage and Twine Market, Revenues & Volume, By Distribution Channel, 2020 & 2030F |
10 Rest of Africa Cordage and Twine Market, 2020 & 2030F |
10.1 Rest of Africa Cordage and Twine Market, Revenues & Volume, By Bed Size, 2020 & 2030F |
10.2 Rest of Africa Cordage and Twine Market, Revenues & Volume, By Price, 2020 & 2030F |
10.3 Rest of Africa Cordage and Twine Market, Revenues & Volume, By End-user, 2020 & 2030F |
10.4 Rest of Africa Cordage and Twine Market, Revenues & Volume, By Distribution Channel, 2020 & 2030F |
11 Africa Cordage and Twine Market Key Performance Indicators |
12 Africa Cordage and Twine Market - Opportunity Assessment |
12.1 Africa Cordage and Twine Market Opportunity Assessment, By Countries,2020 & 2030F |
12.2 Africa Cordage and Twine Market Opportunity Assessment, By Bed Size,2020 & 2030F |
12.3 Africa Cordage and Twine Market Opportunity Assessment, By Price,2020 & 2030F |
12.4 Africa Cordage and Twine Market Opportunity Assessment, By End-user,2020 & 2030F |
12.5 Africa Cordage and Twine Market Opportunity Assessment, By Distribution Channel,2020 & 2030F |
13 Africa Cordage and Twine Market - Competitive Landscape |
13.1 Africa Cordage and Twine Market Revenue Share, By Companies, 2023 |
13.2 Africa Cordage and Twine Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |