India Cordage and Twine Market Synopsis
The cordage and twine market size stood at USD 1.3 billion in 2018, growing at a rate of 7% annually for 5 years. This growth can be attributed mainly to increased demand from consumer expenditure on different non-durable products made out of rope & cords; higher adoption by manufacturers across diverse end-user industries; rapid urbanization; introduction of new technologies resulting in cost effective solutions; rising disposable income among citizens ;etc. Growth opportunities are expected also due to increasing use for packaging applications & safety nets. Also ,the availability of raw materials like jute , sisal fibre etc is ensuring that cost competitiveness continues despite various environmental regulations enforced by government(s).
Market Drivers of the market
In the cordage and twine market in India, factors such as expanding agriculture, fisheries, and construction sectors have driven the demand for ropes, cords, and twines. These products find applications in various industries, including agriculture for tying purposes, fisheries for fishing nets, and construction for lifting and securing materials.
Challenges of the Market
The cordage and twine market in India have been significantly impacted by the availability of cheaper synthetic alternatives. Traditional materials like jute and coir face challenges from synthetic ropes, cords, and twines, which are cost-effective and often offer better performance characteristics.
Covid-19 Impact on the Market
The cordage and twine market faced disruptions due to COVID-19. Industries like agriculture, construction, and shipping, which rely heavily on these products, experienced setbacks. The decline in construction activities and disruptions in the supply chain impacted the demand and availability of cordage and twine. As international trade was affected, import and export activities also saw a decline, adding to the market`s challenges.
Key Players of the Market
In the cordage and twine market, India has several key players like Maruti Ropes, Garware Wall Ropes Ltd, and Samson Rope Technologies, catering to the industrial, agricultural, and marine sectors.
Key Highlights of the Report:
- India Cordage and Twine Market Outlook
- Market Size of India Cordage and Twine Market, 2024
- Forecast of India Cordage and Twine Market, 2031
- Historical Data and Forecast of India Cordage and Twine Revenues & Volume for the Period 2021-2031
- India Cordage and Twine Market Trend Evolution
- India Cordage and Twine Market Drivers and Challenges
- India Cordage and Twine Price Trends
- India Cordage and Twine Porter's Five Forces
- India Cordage and Twine Industry Life Cycle
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Bed Size for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Double Bed for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Single Bed & Infant Bed for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Price for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Low for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Medium for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By High for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By End-user for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Defense & Aerospace for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Oil & Gas for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Commercial Marine for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Fishing for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Construction for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Entertainment industry for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Wind Energy for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Distribution Channel for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Online for the Period 2021-2031
- Historical Data and Forecast of India Cordage and Twine Market Revenues & Volume By Offline for the Period 2021-2031
- India Cordage and Twine Import Export Trade Statistics
- Market Opportunity Assessment By Bed Size
- Market Opportunity Assessment By Price
- Market Opportunity Assessment By End-user
- Market Opportunity Assessment By Distribution Channel
- India Cordage and Twine Top Companies Market Share
- India Cordage and Twine Competitive Benchmarking By Technical and Operational Parameters
- India Cordage and Twine Company Profiles
- India Cordage and Twine Key Strategic Recommendations