The global staple gun market is expected to witness significant growth over the forecast period. Packaging has become a significant part of a product’s lifecycle because packaging protects and preserves a product from any type of harm such as leakage, contamination, damage, etc. during the course of transit, consumption, and storage. Packaging ensures the highest degree of product safety at every stage of product lifecycle is now considered to be one of the major concerns of sensitive product manufacturers.
Sensitive products require solid packaging made of wood and plastic items. Stapling wood and plastic have been major pain areas for the packaging industry for a couple of decades now. Thus, the invention of staple guns has made packaging work much easier. Staple guns are mainly used to drive heavy duty metal staples into wood, plastic, or any other hard surface. Sometimes, staple guns are also referred to as trigger trackers and are used in a variety of applications including insulation, carpeting, wiring, roofing, house wrap, upholstery, and craft material. These staple guns are quick and grant longer shelf life to a packaged good. The growing demand from the packaging industry is estimated to fuel the growth of the market over the forecast period.
Rising demand for heavy duty corrugated packaging and it is most likely that this demand will grow along with the growth of the packaging industry is one of the significant factors contributing to the growth of the market. Additionally, since staple guns are also easily accepted by movers and packer’s companies as it is quick and easy to use, their wide acceptability among movers and packers is further anticipated to drive the market over the forecast period.
However, these staple guns are unsuitable for soft and thin surfaces such as paper cartoons, this may hamper the growth of the market over the forecast period.
The staple gun market is a highly fragmented market due to the presence of numerous regional and local players. These manufacturers offer staple guns at a lower price than that offered by global players. This has resulted in an intense price war over the past years. It is projected that large multinational players will acquire small regional and local players over the forecast period.
On the basis of type, the global staple gun market is segmented into manual, electric, and pneumatic. On the basis of application, the global staple market is segmented into insulation, house wrap, roofing, wiring carpeting, and craft material. On the basis of geography, the global staple market is segmented into North America, Europe, Middle-East, APAC, and Africa. APAC regions are expected to grow at a higher CAGR for the forecast period followed by North America.
The key players include Rapid, Stanley, RS Pro, Arrow, Steinel, Tac Wise, Heavy Duty, Dorking, Dewalt, Senco, and Spotnails.
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The global COVID-19 pandemic has led to a sudden pause to manufacturing activities across the globe, affecting the demand for plastics and also production & processing of them. The most critically impacted end-use segments of the plastics industry include automotive & transportation, consumer goods, industrial equipment, construction, and electronics. The report will account for Covid19 as a key market contributor.