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Plastic Straps Market Report | Covid-19 Impact Analysis
The Market is Segmented by Type (Polyester Straps, Polypropylene Straps, Nylon Straps, and Others), by End-Use Industry Type (Steel, Cotton, Paper, Fiber, Bricks & Tiles, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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 - Snapshot |
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Growth |
19.2% for the next five years |
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Major Type |
Polypropylene Straps |
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Dominant End-Use Industry Type |
Paper |
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Region with the highest demand |
Asia-Pacific |
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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. |
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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.
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.
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.
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.
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Plastic Straps Market Research Report – Features |
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Market Segmentation |
5 ways |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
9 |
The plastic straps market is segmented into the following categories.
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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].
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