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  • Plastic Straps Market Trend & Forecast | 2023-2028

    Plastic Straps Market Trend & Forecast | 2023-2028

    Plastic Straps Market Trend & Forecast | 2023-2028
    Report code - SRAM212 Delivery - 2 Weeks
    Plastic Straps Market Size, Share, Trend, Forecast, & Industry Analysis – 2023-2 See more...

    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.

    Frequently Asked Questions (FAQs)

    The plastic straps market is expected to witness an impressive growth of 18.6% CAGR in the foreseeable future.

    Crown Holdings, Fromm Packaging Systems, Messers Packaging, Polychem Corporation, Scientex Berhad, Mosca Direct Limited, Dubose Strapping, PAC Strapping Products, and Auto Strap India are among the key players in the plastic straps market.

    The polypropylene straps segment is expected to remain dominant in the plastic straps market in the coming years.

    The paper segment is expected to lead the plastic straps market during the next five years.

    Asia-pacific is expected to register the highest growth in the plastic straps market during the forecast period.

    The increasing use of plastic straps in end-use industries, such as bricks & tiles, paper, cotton, and steel is the factor driving the growth of plastic straps market.

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