Market Forecast by Countries (United States, Canada), 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: ETC404125 | Publication Date: Aug 2022 | Updated Date: Jun 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
North America Cordage and Twine Market report thoroughly covers the market by countries, bed size, price, end user and distribution channel. The market report provides an unbiased and detailed analysis of the ongoing 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.
North America cordage and twine market has been witnessing steady growth over the years. The increasing demand for these products can be attributed to their diverse applications in various industries such as agriculture, construction, marine, and packaging.
According to 6Wresearch, North America Cordage and Twine Market size is expected to grow at a significant CAGR of 6.8% during 2024-2030. One of the key drivers for the growth of this market is the rise in construction activities in the region. With a growing population and urbanization, there has been an increase in infrastructure development projects, which require the use of cordage and twine for various purposes such as binding, tying, and lifting. Moreover, the growing trend of DIY projects among individuals has also contributed to the demand for these products.
However, there are certain challenges that could hinder the growth of the market during the forecast period. One of them is the availability of alternatives such as plastic ropes and synthetic twine. These products offer higher durability and strength compared to traditional natural fiber ropes and twine, which could limit their use in certain applications.
Some of the major players operating in this market include The Cordage Group, Marlow Ropes Ltd., Bridon-Bekaert, English Braids Ltd., and Samson Rope Technologies. These companies are adopting strategies such as mergers and acquisitions, collaborations, and new product launches to expand their product portfolio and strengthen their foothold in the market.
To promote sustainable practices, governments across North America have initiated various initiatives to reduce plastic waste and encourage the use of eco-friendly materials like natural fibers. For instance, in 2020, California passed a law that banned single-use plastic bags at major retailers, pushing consumers to opt for reusable bags made of natural fabrics like cotton or jute. Moreover, the rising concerns about environmental sustainability have led to an increase in demand for biodegradable cordage and twine. This trend is expected to continue in the coming years as consumers become more conscious of their impact on the environment.
According to Ravi Bhandari, Research Head, 6Wresearch, as the largest economy in North America, the United States is a major player in the cordage and twine market. The country's construction industry is one of the key drivers of demand for these products, as they are widely used in various construction applications such as fencing, scaffolding, and binding. The agricultural sector also contributes to the demand for cordage and twine, as these products are used in farming activities such as baling hay and tying crops.
The online segment of the cordage and twine market in North America is experiencing significant growth. This can be attributed to several factors, including the convenience of shopping from home, wider product selection, and competitive pricing. Online retailers are also able to reach a larger customer base as compared to their brick-and-mortar counterparts.
The report offers a comprehensive study of the subsequent 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 North America Cordage and Twine Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Cordage and Twine Market Revenues & Volume, 2020 & 2030F |
3.3 North America Cordage and Twine Market - Industry Life Cycle |
3.4 North America Cordage and Twine Market - Porter's Five Forces |
3.5 North America Cordage and Twine Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Cordage and Twine Market Revenues & Volume Share, By Bed Size, 2020 & 2030F |
3.7 North America Cordage and Twine Market Revenues & Volume Share, By Price, 2020 & 2030F |
3.8 North America Cordage and Twine Market Revenues & Volume Share, By End-user, 2020 & 2030F |
3.9 North America Cordage and Twine Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 North America Cordage and Twine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Cordage and Twine Market Trends |
6 North America Cordage and Twine Market, 2020 - 2030 |
6.1 North America Cordage and Twine Market, Revenues & Volume, By Bed Size, 2020 - 2030 |
6.2 North America Cordage and Twine Market, Revenues & Volume, By Price, 2020 - 2030 |
6.3 North America Cordage and Twine Market, Revenues & Volume, By End-user, 2020 - 2030 |
6.4 North America Cordage and Twine Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
7 United States Cordage and Twine Market, 2020 - 2030 |
7.1 United States Cordage and Twine Market, Revenues & Volume, By Bed Size, 2020 - 2030 |
7.2 United States Cordage and Twine Market, Revenues & Volume, By Price, 2020 - 2030 |
7.3 United States Cordage and Twine Market, Revenues & Volume, By End-user, 2020 - 2030 |
7.4 United States Cordage and Twine Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
8 Canada Cordage and Twine Market, 2020 - 2030 |
8.1 Canada Cordage and Twine Market, Revenues & Volume, By Bed Size, 2020 - 2030 |
8.2 Canada Cordage and Twine Market, Revenues & Volume, By Price, 2020 - 2030 |
8.3 Canada Cordage and Twine Market, Revenues & Volume, By End-user, 2020 - 2030 |
8.4 Canada Cordage and Twine Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
9 North America Cordage and Twine Market Key Performance Indicators |
10 North America Cordage and Twine Market - Opportunity Assessment |
10.1 North America Cordage and Twine Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Cordage and Twine Market Opportunity Assessment, By Bed Size, 2020 & 2030F |
10.3 North America Cordage and Twine Market Opportunity Assessment, By Price, 2020 & 2030F |
10.4 North America Cordage and Twine Market Opportunity Assessment, By End-user, 2020 & 2030F |
10.5 North America Cordage and Twine Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
11 North America Cordage and Twine Market - Competitive Landscape |
11.1 North America Cordage and Twine Market Revenue Share, By Companies, 2023 |
11.2 North America Cordage and Twine Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |