In the bricks & tiles, paper, & cotton industries, the increasing use of plastic straps along with various properties provided by them, such as high durability, ease of handling, and lightweight is expected to increase its market concentration in coming years. Increasing adoption in various end-use industries has increased popularity of the polypropylene straps segment and its adoption is expected to continue over the coming years. Properties such as high tensile strength, outstanding elongation properties, and improved durability are expected to increase its penetration over the forecast period.
The growing packaging and logistics business and the developing construction industry are the key growth factors found in the demand for plastic straps. With increasing industrialization and commercialization in emerging areas of the world, logistics and transport needs have risen rapidly in order to promote the transportation of these goods. Strapping materials are commonly used for the fastening or retaining of items in order to efficiently move goods from manufacturing plants to market locations. As a result, over the coming years, the increasing need to promote the transport of products would fuel the demand for plastic straps.
Adroit Market Research study on the global market for plastic straps offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global plastic straps market have been analyzed in depth.
The expansion of the building sector is another main growth driver for the demand for plastic straps. The world's construction industry is experiencing rapid growth, particularly in countries such as Japan, China, Southeast Asia, Brazil, India, Saudi Arabia, and others. In order to facilitate the transport of goods and raw materials to construction sites, the emerging need for strapping materials is projected to promote the growth of the demand for plastic straps during the forecast period.
Leading companies mentioned in the report are Polychem Corporation, Messersì Packaging, Fromm Packaging Systems, Teufelberger, Crown Holdings, Scientex Berhad, Linder Seevetal, Auto Strap India, PAC Strapping Products, Dubose Strapping, and Mosca Direct Limited. Other notable players operating in this industry are Consent Group, North Shore Strapping Company, Samuel Strapping Systems, Sorsa Strapping Systems, Cyklop Nederland.
Key Segments of the Global Plastic Straps Market
Type Method, 2018-2028 (USD Million)
- Polyester Straps
- Polypropylene Straps
- Nylon Straps
End-Use 2018-2028 (USD Million)
- Bricks & Tiles
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America