Market Insights
The plastic straps market is estimated to grow from USD 2.22 billion in 2023 to USD 5.21 billion by 2028 at a CAGR of 18.6% 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.
|
Plastic Straps Market - Snapshot
|
|
Growth
|
18.6% for the next five years
|
|
Major Type
|
Polypropylene Straps
|
|
Dominant End-Use Industry Type
|
Paper
|
|
Region with the highest demand
|
Asia-Pacific
|
|
Key Players
|
Crown Holdings, Fromm Packaging Systems, Messers Packaging, Polychem Corporation, Scientex Berhad, Mosca Direct Limited, Dubose Strapping, PAC Strapping Products, and Auto Strap India.
|
What is a plastic strap?
Plastic straps are used in attaching, binding, or even covering up different items. These are known to have extensive properties such as durability, flexibility, and ease of 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.
Segments' Analysis
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 2022 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.
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.
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.
Segmentation
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.
|
Plastic Straps Market Research Report – Features
|
|
Market Segmentation
|
5 ways
|
|
Regions Covered
|
4
|
|
Countries/Sub-Regions Covered
|
15
|
|
No. of Figures & Tables
|
>150
|
|
Company Profiles
|
9
|
The plastic straps market is segmented into the following categories.
By Type:
- Polyester Straps
- Polypropylene Straps
- Nylon Straps
- Others
By End-Use Industry Type:
- Steel
- Cotton
- Paper
- Fiber
- Bricks & Tiles
- Others
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)
Key Players
Some of the plastic strap manufacturers are-
Research Methodology
This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 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.
What Deliverables Will You Get in this Report?
|
Key questions this report answers
|
Relevant contents in the report
|
|
How big is the sales opportunity?
|
In-depth analysis of the Plastic Straps Market
|
|
How lucrative is the future?
|
The market forecast and trend data and emerging trends
|
|
Which regions offer the best sales opportunities?
|
Global, regional, and country-level historical data and forecasts
|
|
Which are the most attractive market segments?
|
Market Segment Analysis and Forecast
|
|
What are the top players and their market positioning?
|
Competitive landscape analysis, Market share analysis
|
|
How complex is the business environment?
|
Porter’s five forces analysis, PEST analysis, Life cycle analysis
|
|
What are the factors affecting the market?
|
Drivers & challenges
|
|
Will I get the information on my specific requirements?
|
10% free customization
|
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 sales@stratviewresearch.com.
