The Plastic Straps Market is projected to grow from USD 1.32 billion in 2017 to USD 3.68 billion by 2027, at a CAGR of 18 % from 2021 to 2027.
Plastic straps are used for tying or banding. Bundling or banding is the process of joining, stabilizing, securing, strengthening, or securing items by applying straps. Straps are also called strapping. Steel strapping, which was used to bind heavy products in the past, has been in the spotlight as a strapping material as it introduces high tensile strength to plastic straps and continues to innovate. Plastic straps are used extensively in the packaging industry. Plastic straps allow goods to be transported from manufacturing facilities to end users or markets without damage. Plastic straps are used in many applications in a variety of industries such as building and construction, glass, food and beverage, agriculture and textiles. The use of plastic straps is increasing due to their light weight and low cost.
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Market Segments
Plastic Straps Market, by Type:
- Polyester Straps
- Polypropylene Straps
- Nylon Straps
Plastic Straps Market, by End-use Industry:
- Paper
- Steel
- Bricks & Tiles
- Fiber
- Cotton
Key Players
Some of the major market players active in the plastic straps market include Crown Holdings (US), Polychem Corporation (US), Teufelberger (Austria), FROMM Packaging (US), Messersi Packaging (Italy), Dubose Strapping (US), Auto Strap (India), and PAC Strapping (US).
Scope of the Report
The research study analyzes the global Plastic Straps industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Plastic Straps Market is available at: https://www.orionmarketreports.com/plastic-straps-market/62406/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Plastic Straps Market Report
1. What was the Plastic Straps Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Plastic Straps Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Plastic Straps Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Plastic Straps market.
- The market share of the global Plastic Straps market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Plastic Straps market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Plastic Straps market.
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