Plastic Straps Market Size, Share & Forecasts | 2020-25

Plastic Straps Market Insights 

Plastic straps market is likely to witness an impressive CAGR of 19.2% during the forecast period. The increasing use of plastic straps in end-use industries, such as bricks & tiles, paper, cotton, and steel drives the market globally.

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Plastic Straps Market Share: By Type

Based on the type, the market is segmented as polyester straps, polypropylene straps, nylon straps, and others. The polypropylene straps segment dominated the market in 2018, and is expected to remain dominant during the forecast period. The growth is owing to properties, such as elevated flexibility, high-tensile strength, and ease of handling. 

Plastic Straps Market Share: By End-Use Industry Type

Based on the end-use industry type, the market is segmented as steel, cotton, paper, fiber, bricks & tiles, and others. The paper segment is estimated to lead the market in the coming five years.

Plastic Straps Market Share: By Region

In terms of regions, Asia-Pacific is expected to register the highest growth in the coming five years in the global plastic straps market. China and India are the growth engines of the region. The market is sustained by rising disposable income and growing demand for plastic straps from various end-use industries. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.  

Some of the plastic strap manufacturers are Crown Holdings, Fromm Packaging Systems, Messers Packaging, Polychem Corporation, Scientex Berhad, Mosca Direct Limited, Dubose Strapping, PAC Strapping Products, and Auto Strap India.

Market Scope & Segmentation

Plastic straps are used in attaching, binding, or even covering up the different items. These are known to have extensive properties such as durability, flexibility, and ease in handling.

Plastic straps can be available in different types based on the items that are to be strapped. Normally, these straps are highly used in industries of steel, cotton, paper, fiber, bricks, and also some others.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The plastic straps market is segmented into the following categories. 

Plastic Straps Market Size, Share, & Forecast, by Type:

• Polyester Straps (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Polypropylene Straps (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Nylon Straps (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Plastic Straps Market Size, Share, & Forecast, by End-Use Industry Type:

• Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cotton (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Paper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Bricks & Tiles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Plastic Straps Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].