Market Overview:
The global plastic straps market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plastic straps from various end-use industries, such as wood industry, paper industry, food & beverage, textile industry and other industries. In terms of type, PP accounted for the majority share of the global plastic straps market in 2017 and is expected to maintain its dominance during the forecast period. However, PET is projected to grow at a higher CAGR than PP during the forecast period owing to its growing popularity among consumers due to its environmental friendly nature. In terms of application, wood industry held the largest share of the global plastic straps market in 2017 and is projected to maintain its dominance duringthe forecast period.
Product Definition:
Plastic Straps are thin pieces of plastic that are used to bind together different objects. They are often used in packaging, as they are cheap and easy to use.
PP:
Polypropylene (PP) is a thermoplastic polymer. It can be recycled and used as an alternative to other plastics such as polyethylene, polystyrene, and nylon. PP is widely used in the manufacturing of plastic straps that are further utilized by industries such as food & beverage, consumer goods packaging and others.
PET:
PET or Polyethylene Terephthalate is a non-toxic, lightweight & flexible plastic that can be used as a substitute for metal and wood. It has the ability to be recycled and reused making it sustainable in nature. PET straps are widely used by industries such as food & beverages, pharmaceuticals, chemicals, construction equipment manufacturing among others owing to its properties such as resistance to heat & cold sterilization by autoclave or dry heat method.
Application Insights:
The wood industry was the largest application segment in 2017 and accounted for a market share of more than 30% in terms of revenue. The plastic straps offer excellent tensile strength, high resistance to chemicals, heat & cold and superior flexibility which makes them an ideal material for manufacturing pallet-type products used in the wood industry. These products assist manufacturers to meet various regulatory requirements such as those pertaining to transport of hazardous materials and comply with safety standards set by organizations such as U.S. Department Of Transportation (DOT) and European Union (EU).
Paper industry is expected to be one of the fastest growing application industries over the forecast period owing to rising demand from packaging sector on account of improved product quality along with cost reduction strategies adopted by leading paper mills across China, India & Thailand which has resulted into increased consumption rate since 2016-2017 season.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various end-use industries, such as wood industry, paper industry, food & beverage sector and textile industry. China is one of the largest producers of plastic strapping materials owing to easy availability of raw materials coupled with high demand from domestic manufacturers.
Europe accounted for a significant share in terms of volume as well as revenue in 2017 due to growing application scope across several industries including automotive, packaging material and construction sector. Stringent regulations regarding emission control devices are anticipated to drive product adoption across major automobile manufacturing companies operating within Europe over the coming years.
The North American market was valued at USD X billion in 2017 owing to presence of prominent players along with high disposable income among consumers especially within U S A.
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and packaging is expected to drive the growth of the plastic straps market over the forecast period.
- Growing popularity of lightweight and durable straps for bundling and securing goods is anticipated to boost the demand for plastic straps in the near future.
- Stringent government regulations pertaining to use of traditional materials such as metal in transportation and packaging applications are projected to fuel the growth of plastic strap market over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Straps Market Research Report
By Type
PP, PET
By Application
Wood Industry, Paper Industry, Food & Beverage, Textile Industry, Other Industries
By Companies
Signode, M.J.Maillis Group, Dynaric, Cordstrap, FROMM Group, Samuel Strapping, Youngsun, Mosca, Scientex Berhad, Polychem, Signode, Tsukasa Chemical Industry Co, Packware, Polivektris, Strapack, Linder, STEK, TITAN Umreifungstechnik, Cyklop, Hiroyuki Industries, Baole, EMBALCER, PAC Strapping Products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Straps Market Report Segments:
The global Plastic Straps market is segmented on the basis of:
Types
PP, PET
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wood Industry, Paper Industry, Food & Beverage, Textile Industry, Other Industries
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Signode
- M.J.Maillis Group
- Dynaric
- Cordstrap
- FROMM Group
- Samuel Strapping
- Youngsun
- Mosca
- Scientex Berhad
- Polychem
- Signode
- Tsukasa Chemical Industry Co
- Packware
- Polivektris
- Strapack
- Linder
- STEK
- TITAN Umreifungstechnik
- Cyklop
- Hiroyuki Industries
- Baole
- EMBALCER
- PAC Strapping Products
Highlights of The Plastic Straps Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PP
- PET
- By Application:
- Wood Industry
- Paper Industry
- Food & Beverage
- Textile Industry
- Other Industries
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plastic Straps Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plastic straps are a type of strap made from plastic. They are often used to attach objects together, such as a bag or suitcase, and can be easily replaced if they become damaged.
Some of the major players in the plastic straps market are Signode, M.J.Maillis Group, Dynaric, Cordstrap, FROMM Group, Samuel Strapping, Youngsun, Mosca, Scientex Berhad, Polychem, Signode, Tsukasa Chemical Industry Co, Packware, Polivektris, Strapack, Linder, STEK, TITAN Umreifungstechnik, Cyklop, Hiroyuki Industries, Baole, EMBALCER, PAC Strapping Products.
The plastic straps market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plastic Straps Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Plastic Straps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plastic Straps Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Plastic Straps Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Plastic Straps Market Size & Forecast, 2018-2028
4.5.1 Plastic Straps Market Size and Y-o-Y Growth
4.5.2 Plastic Straps Market Absolute $ Opportunity
Chapter 5 Global Plastic Straps Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Plastic Straps Market Size Forecast by Type
5.2.1 PP
5.2.2 PET
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plastic Straps Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Plastic Straps Market Size Forecast by Applications
6.2.1 Wood Industry
6.2.2 Paper Industry
6.2.3 Food & Beverage
6.2.4 Textile Industry
6.2.5 Other Industries
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plastic Straps Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plastic Straps Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Plastic Straps Analysis and Forecast
9.1 Introduction
9.2 North America Plastic Straps Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Plastic Straps Market Size Forecast by Type
9.6.1 PP
9.6.2 PET
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Plastic Straps Market Size Forecast by Applications
9.10.1 Wood Industry
9.10.2 Paper Industry
9.10.3 Food & Beverage
9.10.4 Textile Industry
9.10.5 Other Industries
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Plastic Straps Analysis and Forecast
10.1 Introduction
10.2 Europe Plastic Straps Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Plastic Straps Market Size Forecast by Type
10.6.1 PP
10.6.2 PET
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Plastic Straps Market Size Forecast by Applications
10.10.1 Wood Industry
10.10.2 Paper Industry
10.10.3 Food & Beverage
10.10.4 Textile Industry
10.10.5 Other Industries
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Plastic Straps Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plastic Straps Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Plastic Straps Market Size Forecast by Type
11.6.1 PP
11.6.2 PET
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Plastic Straps Market Size Forecast by Applications
11.10.1 Wood Industry
11.10.2 Paper Industry
11.10.3 Food & Beverage
11.10.4 Textile Industry
11.10.5 Other Industries
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Plastic Straps Analysis and Forecast
12.1 Introduction
12.2 Latin America Plastic Straps Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Plastic Straps Market Size Forecast by Type
12.6.1 PP
12.6.2 PET
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Plastic Straps Market Size Forecast by Applications
12.10.1 Wood Industry
12.10.2 Paper Industry
12.10.3 Food & Beverage
12.10.4 Textile Industry
12.10.5 Other Industries
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Plastic Straps Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plastic Straps Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Plastic Straps Market Size Forecast by Type
13.6.1 PP
13.6.2 PET
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Plastic Straps Market Size Forecast by Applications
13.10.1 Wood Industry
13.10.2 Paper Industry
13.10.3 Food & Beverage
13.10.4 Textile Industry
13.10.5 Other Industries
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plastic Straps Market: Competitive Dashboard
14.2 Global Plastic Straps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Signode
14.3.2 M.J.Maillis Group
14.3.3 Dynaric
14.3.4 Cordstrap
14.3.5 FROMM Group
14.3.6 Samuel Strapping
14.3.7 Youngsun
14.3.8 Mosca
14.3.9 Scientex Berhad
14.3.10 Polychem
14.3.11 Signode
14.3.12 Tsukasa Chemical Industry Co
14.3.13 Packware
14.3.14 Polivektris
14.3.15 Strapack
14.3.16 Linder
14.3.17 STEK
14.3.18 TITAN Umreifungstechnik
14.3.19 Cyklop
14.3.20 Hiroyuki Industries
14.3.21 Baole
14.3.22 EMBALCER
14.3.23 PAC Strapping Products
