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Plastic straps are packaging component made up of different materials like polyester, polypropylene, and woven cord. The plastic straps for different application mostly depends on several factors, such as weight, size and shape. They are characterised by high elongation and recovery strength.
The plastic straps market is primarily driven by factors like increasing opportunities from the end user industries including steel, cotton, paper and fibre. The plastic straps market has gained sustainability owing to rapid industrialization and increasing demand from developed and developing countries like India and China. The major factors hindering the growth of the market are strict government regulation with respect to the use of plastics, excessive cost associated with initial investment and rising concern of people towards environment pollution and waste management. The major trend followed in the plastic straps market is the rising demand and use of bio-based plastic for production of straps.
The report analyses the plastic straps market by product type, end user industry and geography.
Based on type, the global plastic straps market is segmented into, polyester straps, polypropylene straps, nylon straps and other. Others include composite straps and corded & woven straps. The polypropylene straps segment is leading in terms of value IN 2017. In the future, the production of polypropylene is projected to boost during the forecast period owing to its wide range of application in various end user industry and its characteristics like high strength, flexibility and ease of handling.
Based on end user industry, the global plastic straps market is segmented into steel, cotton, paper, fibre, bricks & tiles and others. Other including print and corrugated boards. In 2017, the paper industrial sector accounted for the largest market share and expected to maintain the dominance throughout the forecast period. Rise in volume of production of the paper industry robust the growth of the plastic straps market.
By geography, the global plastic straps market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world include Latin America and Middle East & Africa. Asia Pacific region is projected to be the fastest growing region during the forecast period. The largest share is attributed to rapid development in paper, steel and tiles industries in the developing and developed countries including China and India.
Some of the key participants of the global plastic straps market are Crown, TEUFELBERGER, The FROMM Group, Messersì Packaging S.r.l., Polychem Corporation, Scientex, Mosca Direct Ltd, DuBose Strapping, Inc, PAC Strapping Products, Inc, Auto Strap India and LINDER Seevetal. Mergers, acquisitions, technological advancement and new product launches are the key growth strategies adopted by major players to reinforce their positions in the international market. Additionally, many plastic straps manufacturers are employing more recycled and recyclable plastic to reduce the environmental impact
Strapping is defined as using a flat material to bundle items together to hold them in place. However, strapping can also be used to reinforce or fasten products and is ideal for shipping a large amount of product. Many industries strap, including construction, shipping, packaging, lumber, etc. Strapping is also extremely useful in the agricultural industry. Plastic has a much more variety, making it a viable option for a range of applications. Plastic straps come in three different types: nylon, polyester, and nylon. Global plastic straps market is segmented into product type, end user and geography. Based on type, the global plastic straps market is segmented into, polyester straps, polypropylene straps, nylon straps and other. others include composite straps and corded & woven straps. Based on end user industry, the global plastic straps market is segmented into steel, cotton, paper, fibre, bricks & tiles and others. By geography, the global plastic straps market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world include Latin America and Middle East & Africa. Asia Pacific region is projected to be the fastest growing region during the forecast period. The largest share is attributed to rapid development in paper, steel and tiles industries in the developing and developed countries including China and India. Some of the key participants of the global plastic straps market are Crown, TEUFELBERGER, The FROMM Group, Messersì Packaging S.r.l., Polychem Corporation, Scientex, Mosca Direct Ltd, DuBose Strapping, Inc, PAC Strapping Products, Inc, Auto Strap India and LINDER Seevetal.
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