Asia Pacific Webbing Market

Market Introduction

The Asia Pacific webbing market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The demand for environment-friendly fabric material has been increasing with the rising concerns related to environment degradation and waste management coupled with growing focus on the deployment of sustainable materials. The demand for such materials is strongly driven by stringent government regulations on the use of nonbiodegradable webbing materials due to the adverse impacts of such material. With growing focus toward eco-friendly webbing materials, manufacturers have come up with new materials such as recycled polyester, bamboo webbing, wool webbing, rayon webbing, soy webbing, organic cotton webbing, linen webbing, jute webbing, and hemp webbing. Such webbing materials have comparatively less pH value, which makes them ideal to be used in textile materials. This type of webbing material does not cause skin itching and does not damage the weak acidic environment of the skin surface. Also, the materials do not use disperse dyes, which may cause allergies. The increasing investments by manufacturers in R&D activities for the development of environment-friendly and performance-efficient webbing materials would drive the growth of the webbing market in coming years.

In case of COVID-19, in Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of webbing manufacturing activities. Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for webbing during the early months of 2020. Moreover, decline in the overall fiber and composites manufacturing activities has led to discontinuation of webbing manufacturing projects, thereby reducing the demand for webbing. Similar trend was witnessed in other Asia Pacific countries, i.e., Japan, China and Australia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.

Market Overview and Dynamics

The webbing market in Asia Pacific is expected to grow from US$ 653.36 million in 2021 to US$ 942.24 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. Asia Pacific has emerged as one of the lucrative regions for webbing market. Further, the shift in consumer lifestyle has bolstered the demand for several industrial and nonindustrial products, which is driving the demand for webbing in the economy. The region encompasses an ample number of opportunities for the growth of the market owing to the rapid industrial development along with significant rise in foreign direct investments and increase in expenditure toward research and development activities, which are altogether expected to diversify the application base of webbing in coming years. China is dominating the regional market, followed by other countries such as Japan, India, Vietnam, Korea, Thailand, Malaysia, and Indonesia. For instance, as per an article published in People's Daily Online, China's sports industry grew by 11.6% in 2019. In 2019, the year-on-year size of China's sports industry increased by 10.9%. Similarly, the sports industry in India grew up by 15% in 2019, according to DataPOWA with a considerable increment over the Asia Pacific average of 5%. Hence, the growth of sports industry is expected to promote the demand for webbing in Asian market.

Key Market Segments

Based on material, the man-made segment accounted for the largest share of the Asia Pacific webbing market in 2020. Based on product, the flat webbing segment accounted for the largest share of the Asia Pacific webbing market in 2020. Based on product, the automotive segment accounted for the largest share of the Asia Pacific webbing market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Asia Pacific webbing market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include E. Oppermann GmbH; Narrowtex Australia; National Webbing Products Co. and Tennessee Webbing Products.

Reasons to buy report

• To understand the Asia Pacific webbing market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific webbing market
• Efficiently plan M&A and partnership deals in Asia Pacific webbing market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific webbing market
• Obtain market revenue forecast for market by various segments from 2019-2028 in Asia Pacific region.

Asia Pacific Webbing Market Segmentation

Asia Pacific Webbing Market -By Material

• Natural
• Man-Made

Asia Pacific Webbing Market -By Product

• Flat Webbing
• Tubular Webbing
• Others

Asia Pacific Webbing Market – By End-Use

• Aerospace
• Automotive
• Military
• Industrial and Safety
• Fashion Accessories
• E-Textile
• Sport Goods
• Marine
• Medical
• Others

Asia Pacific Webbing Market – By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of Asia Pacific

Asia Pacific Webbing Market – Company Profiles

• E. Oppermann GmbH
• Narrowtex Australia
• National Webbing Products Co.
• Tennessee Webbing Products  

Asia Pacific Webbing Market Strategic Insights

Asia Pacific Webbing Market Segmentation Analysis

Asia Pacific Webbing Market Report Highlights

Asia Pacific Webbing Report Scope

Asia Pacific Webbing Market Country and Regional Insights