Global Rubber Bands Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Rubber Bands Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Rubber bands are a stretch of rubber and latex in the shape of a loop and are widely used to hold objects together. Rubber bands are known by various names like binder, elastic, elastic bands, lacky band or gum band. These bands are frequently used in many businesses, industries as well as at home. They are well suited for holding multiple objects together and are reusable and economical. Rubber band sizes vary according to their intended use. These elastic rubber band colors too differ. Today, in the 21st century, rubber bands are considered one of the most convenient rubber products, used by many individuals and industries for a wide variety of purposes.

Market Overview:


The latest research study on the global Rubber Bands market finds that the global Rubber Bands market reached a value of USD 397.92 million in 2022. It’s expected that the market will achieve USD 533.12 million by 2028, exhibiting a CAGR of 5.0% during the forecast period.

The global spread of the COVID-19 epidemic has brought an unprecedented severe test to the development of the global economy, and the global economy is facing greater downward pressure. The impact of the epidemic on the economy has led to the stagnation or slowdown of economic activities in many countries, the global demand has decreased, trade and investment have declined significantly, and the rubber band industrial chain has been affected. The new coronavirus pneumonia has profoundly affected many aspects of global socio-economic.

Wide range of applications

The market is currently being driven by its application in a number of industries. Rubber bands are one of the most convenient products of the twentieth century used by numerous individuals and industries for a wide variety of purposes, which are widely used in agriculture, automobile, packaging industry, and newspaper industry. Rubber Bands have an extensive range of applications in both heavy and small industries like agriculture, packaging, stationery, fishery, transportation, leisure trades, etc.

Advances in Innovation and Technology for Rubber Band

Rubber band is a mass-production product and the company would want to increase the productivity in manufacturing. Rubber bands are very useful given the right circumstances. They'll keep things securely in place or together, but are prone to breaking with repeated use, and they can build up a static charge making them unsuitable near electronics. In rubber band manufacturing, there are innovations made to improve the processes.

Increased Demand in Emerging Markets

With the economic growth, scientific and technological progress, and the development of modern enterprises in APAC, there is a growing demand for rubber bands. Asia-pacific countries emerged as bright spots for global growth and an emerging market for the rubber band industry. Rapidly growing to consume sector in developing economies and increased demand for rubber bands are expected to contribute to the growth of the global rubber band market. Manufacturers have shifted their production facilities to emerging economies, due to the low labor and operating costs.

Region Overview:


In 2021, the share of the Rubber Bands market in United States stood at 23.51%.

Company Overview:


Alliance Rubber Company
Alliance Rubber Company is an American manufacturer of natural rubber bands, as well as other elastomer products made of synthetic rubber, silicone rubber, thermoplastic, and EPDM. The company was originally located in Alliance, Ohio, but is now headquartered in Hot Springs, AR.

Band-it Rubber Company

Band-it Rubber Company is one of the nation's leading manufacturers/distributors of rubber bands. As one of the nation's largest manufacturers/distributors of rubber bands, Band-it Rubber is pleased to offer a comprehensive array of quality rubber bands along with value-added service, and the highest count per lb in the industry.

Alliance Rubber Company is one of the major players operating in the Rubber Bands market, holding a share of 7.92% in 2022.

Segmentation Overview:


Standard rubber bands are used for packaging, reinforcing, and labeling. They come in different sizes to meet the requirements of various applications as well as user preferences. Standard rubber bands are assigned a size number that corresponds to the dimensions of the elastic rubber band - its length, width and thickness dimensions. There is various number of standard rubber band sizes available in the market.

Industrial rubber bands are made to perform heavy duty. These industrial rubber bands have specific sizes and are very strong rubber bands, designed to stabilize almost any size load.

Among different product types, Standard Rubber Bands segment is anticipated to contribute the largest market share in 2027.

Application Overview:


Rubber bands are used in post office sectors for labeling and packaging purposes as well as for bundling letters and envelopes. The largest consumer of rubber bands in the world is the U.S. Post Office, which orders millions of pounds a year to use in sorting and delivering piles of mail.

Rubber bands are extensively used in offices for binding different parts of their documents together. Rubber bands are extensively used in schools for binding bundle pens, notebooks, paper, etc.

Yet another large consumer is the agricultural products industry. The flower industry buys rubber bands to hold together bouquets or uses delicate bands around the petals of flowers (especially tulips) to keep them from opening in transit. Vegetables such as celery are frequently bunched together with rubber bands, and the plastic coverings over berries, broccoli, and cauliflower are often secured with rubber bands.

Rubber bands also have a variety of uses in everyday life. Home applications of rubber bands include binding hair, binding business cards, binding storage clipboards, binding hair dryers, binding data cables, etc.

By application, the Office and School segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Rubber Bands market covered in Chapter 3:

Alliance Rubber Company
Aero Rubber
KVR Rubbers
Jam Paper and Envelope
Kaniskaa Rubber Industries
Staples, Inc.
Central Elastic Corporation (CEC)
Dykema
Bazic Products
ACCO Brands Corporatio
Band-it Rubber Company
Hong Ye Rubber Industrial Co., Ltd

In Chapter 4 and Chapter 14.2, on the basis of types, the Rubber Bands market from 2018 to 2029 is primarily split into:

Standard Rubber Bands
Industrial Rubber Bands

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Rubber Bands market from 2018 to 2029 covers:

Post Office
Office
School
Home
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)