Plastic Fasteners Market 2024-2028: Size and Stringent regulations against use of plastic; growth driven by the End-user, Some of key Companies Positioned Strategically

The plastic fasteners market size by End-user (Automotive, Electrical and electronics, Building and construction, Supermarkets, and Others) and Geography (APAC, Europe, North America, South America, and Middle East and Africa), is forecast to increase by USD 1366.6 million. The market is expected to grow at a CAGR of   4.5% between 2024 and 2028.

• The global plastic fasteners market is subject to regulatory impediments due to stringent regulations from organizations such as REACH and the EPA. For instance, in Europe, the European Food Safety Agency (EFSA) approves the use of plastics in food contact applications, while Regulation No (EC) 282/2008 sets guidelines and establishes an authorization procedure for plastic articles, including fasteners, that come into contact with food. Recycling processes for producing plastics are also regulated under this regulation. These regulations are expected to hinder market growth during the forecast period.
• The Plastic Fasteners Market represents a significant business opportunity, driven by the increasing demand for lightweight, durable, and cost-effective solutions in various industries. These fasteners offer advantages such as corrosion resistance, ease of use, and design flexibility. Key market trends include automotive, construction, electronics, and consumer goods sectors. Growth is expected due to the ongoing shift towards plastic components in manufacturing processes.

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Some of the Key Companies:

• Anil Plastics and Enterprises
• Avery Dennison Corp.
• Bossard Holding AG
• Bulte Plastics (UK) Ltd.
• Canco Fasteners
• Craftech Industries Inc.
• E and T Fasteners
• Essentra Plc
• Fontana Finanziaria Spa
• Illinois Tool Works Inc.
• KITAGAWA INDUSTRIES America Inc.
• LISI Group
• MW Industries Inc.
• Nifco Inc.
• Nyltite Corp.
• Penn Engineering
• Raygroup SASU
• Slidematic Precision Components Inc.
• Stanley Black and Decker Inc.
• Volt Industrial Plastics

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Jesse Maida
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