USD 7.49 Billion
Plastic Fasteners Market Size, Share, Growth Analysis, By Product(Cable Ties, Push Fasteners, Rivets, Clips), By Distribution Channel(Direct and Indirect), By End-user(Automotive, Electrical & Electronics, Building & Construction, Supermarkets), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2856 |
Region:
Global |
Published Date: March, 2024
Pages:
194
|Tables:
92
|Figures:
74
Plastic Fasteners Market Insights
Plastic Fasteners Market size was valued at USD 7.49 Billion in 2023 and is poised to grow from USD 8.01 Billion in 2024 to USD 13.77 Billion by 2032, growing at a CAGR of 7.00% during the forecast period (2025-2032).
Increasing investment in residential and non-residential manufacturing, expansion in electronics and automotive industries are driving the global plastic fasteners market. Currently, the automotive and aviation sectors are struggling to manufacture more difficult due to the need to handle lighter vehicles. The market is expanding to packaging technology that is as good as or even better than the metal equivalent. Its light weight, low cost and high efficiency make it useful in a variety of industries. The high demand for plastic packaging is driven by the growing construction industry due to increasing population in many countries, especially in the Asia-Pacific region as it can withstand high voltages and is widely used in lightning because of the strength.
Increasing use of fasteners in electronic and power tools manufacturing is projected to propel market growth during the forecast period. Plastic fasteners are superior to metal fasteners, as they hold tools better, and they come in different shapes and sizes. These are widely used in circuit boards to protect, install, guide and support electronic devices. For example, nylon binders are commonly used in washing machines, household appliances and auto parts. Furthermore, increased investment in residential and non-residential construction projects is expected to drive the plastic binder's market further.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Rivets
Fastest Growth
Clips
Growth Rate
7.00% CAGR
Global Plastic Fasteners Market ($ Bn)
Country Share for North America Region (%)
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Plastic Fasteners Market Segmental Analysis
The global plastic fasteners market is divided into various product categories, such as cable ties, push fasteners, rivets, clips, and others. The global plastic fasteners market is divided into various distribution channel categories, such as direct and indirect. On the basis of end-user, the market is segmented into automotive, electrical & electronics, building & construction, supermarkets, and others. Based on region the global plastic fasteners market is segmented into Asia Pacific, North America, Europe, South America, Middle East & Africa.
Analysis by Product
The rivets segment is expected to show the fastest revenue growth over the entire forecast period. Rivets are widely used to connect parts and structures in the automotive, aerospace and aerospace industries. Increasing demand for strong and lightweight materials in these industries has driven the demand for plastic rivets. Plastic rivets are popular for many applications because they are versatile and easy to use on a variety of surfaces.
The clips segment is also expected to grow significantly during the forecast period. The automotive industry uses plastic fasteners to attach various components such as panels and trim. The importance of plastic packaging in the automotive industry is driven by the growing popularity of electric vehicles and the high demand for lightweight materials.
Analysis by Distribution Channel
Direct distribution channels dominated the global plastic fasteners market by 2023. Manufacturers operating in the market are directly linked with companies from construction, automotive, aerospace and electronics industries to buy fasteners in bulk hence the need to intermediate in the market is also lost, leading to higher profitability for manufacturers.
The method of indirect distribution is expected to grow significantly during the forecast period due to increasing use of do-it-yourself (DIY) in developed countries like US, Canada, Germany etc. Furthermore also, furniture manufacturing, flooring/replacement with growing home renovation activities resulting from rising consumer income, the purchase of small industrial fasteners for small jobs like roof installation has increased dramatically.
Global Plastic Fasteners Market By Product (%)
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Plastic Fasteners Market Regional Insights
In North America, the U.S. dominates the global plastic fasteners industry in terms of consumption due to the presence of extensive manufacturing of automotive electronics and aerospace companies making it a major consumer of automotive fasteners is expected to have a positive impact on the growth of the industry. The demand for plastic packaging is directly related to the performance of many end-use industries, including packaging, electronics, construction, and automotive. The importance of lightweight, corrosion resistant plastic packaging as these projects expands and potentially grow is needed.
Asia-Pacific is the fastest growing region in the world, with a market share of over 44% by 2023. The global plastic fasteners market in this region is primarily driven by automotive industrial machinery, electronics and components. The strategies driven by economic growth in Asia-Pacific, there is an increasing need to improve public infrastructure such as ports, airports, railways and transport infrastructure to drive the market into Asia Pacific.
Global Plastic Fasteners Market By Geography
- Largest
- Fastest
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Plastic Fasteners Market Dynamics
Drivers
Increased Demand for Plastic Packaging in the Electronics Industry to Fuel the Market Growth
- Increasing demand for packaging materials in electronic and electrical equipment manufacturing is projected to propel the market growth during the forecast period Plastic pipe packaging is superior to metal packaging, because it holds tools well and comes in a variety of shapes and sizes. These are widely used in circuit boards to protect, install, guide and support electronic devices. For example, nylon binders are commonly used in washing machines, household appliances and auto parts. Furthermore, increased investment in residential and non-residential construction projects is expected to drive the plastic binders' market further.
Expanding End-use Industries
- The demand for plastic packaging is directly related to the performance of many end-use industries, including packaging, electronics, construction, and automotive. The importance of lightweight, corrosion resistant plastic packaging as these projects expands and potentially grow is needed. Plastic packaging is generally acknowledged to be more expensive and lighter compared to traditional metal equivalents. Plastic packaging may be in high demand from the aerospace and automotive industries aiming to reduce the weight of all their products.
Restraints
Environmental Issues
- As sustainable practices and environmental awareness increase, there may be restrictions on the use of certain types of plastics, which will affect the use of plastics and tie up the market. The process of manufacturing plastic packaging can cause pollution through the emission of greenhouse gases, volatile organic compounds (VOCs), and other pollutants. In addition, materials used in manufacturing energy-intensive raw materials and processes contribute to environmental degradation. Plastic packaging is generally made from petroleum-based plastics, which are derived from renewable fossil fuels. The extraction and use of these materials reduces resources and increases dependence on finite energy.
Regulatory Compliance
- Manufacturers may face challenges and market impact due to stringent control, safety and product quality restrictions. Law enforcement agencies around the world have implemented measures to address environmental issues including plastic packaging. This regulation aims to promote sustainable manufacturing, reduce plastic waste and reduce environmental impact. Compliance with this regulation includes adherence to standards for materials, processes, and waste management.
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Plastic Fasteners Market Competitive Landscape
The competitive environment of the Global Plastic Fasteners Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.
Top Player’s Company Profiles
- Arconic Fastening Systems and Rings
- Acument Global Technologies, In
- ATF, Inc.
- Dokka Fasteners A S
- LISI Group - Link Solutions for Industry
- Hilti Corporation
- MW Industries, Inc.
- Birmingham Fasteners and Supply, Inc.
- Elgin Fasteners Group LLC
- Rockford Fasteners, Inc.
- Slidematic
- Manufacturing Associates, Inc.
- Eastwood Manufacturing
- Brunner Manufacturing CO., Inc.
- Decker Industries Corporation
- Penn Engineering & Manufacturing Corporation
Recent Developments
- In February 2022, Duchesne Limited was acquired by Namcor Holdings to accelerate Duchesne's growth. In addition, Namcor Holdings will also provide the company with financial and human resources.
- In February2022, the BECK Fastener Group launched its new product, LIGNOLOC wood nails, following the success of the wood nail collection. LIGNOLOC wood nails have heads and are specially designed for use on masks.
- In 2021, 3M acquired healthcare technology company M*Modal for $1.0 billion. The goal of the acquisition was to expand 3M’s healthcare business and provide customers with innovative solutions.
Plastic Fasteners Key Market Trends
- Plastic is used in everything from buildings to plastic screws, washers and specific fasteners to prevent electricity from flowing through certain electronic or electrical devices. The need to deal with lightweight vehicles, the automotive and aerospace industries are accomplishing this goal with products that seek to keep weight down. Thus, there was unprecedented growth in this work. The plastic's properties make it suitable for products like plumbing valves, pipes, ready handles and seals. People choose plastic over traditional metal because it is less prone to wear and tear.
Plastic Fasteners Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. Plastic packaging is also in high demand in the aviation industry due to its ability to withstand high temperatures and extreme weather conditions. Besides, the growing need for lighter and more fuel-efficient vehicles and more efficient industrial machinery and increasing demand for manufacturing efficient fasteners are among other factors that increase market revenue. It is expected to increase market revenue. There are numerous possibilities for market players due to the presence of plastic binders with various characteristics like strength, flexibility, temperature resistance etc. Also, technological advances in plastic fastener production, such as high-performance engineered polymers There are expectations The global plastic fasteners industry is anticipated to grow significantly during the forecast years, owing to an increase in productivity. This is expected to be further compounded by increased investments by governments in infrastructure development programmes. Furthermore, enhanced R&D activities are predicted to provide significant growth opportunities for the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 7.49 Billion |
| Market size value in 2032 | USD 13.77 Billion |
| Growth Rate | 7.00% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Plastic Fasteners Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Plastic Fasteners Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Plastic Fasteners Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Plastic Fasteners Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Plastic Fasteners Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Plastic Fasteners Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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