iCrowd Newswire
21 Jan 2021, 18:04 GMT+10
Plastic Straps Market are used for binding products or items and made from polypropylene and polyester. They are available in different finishes and styles as per the strength of the container. Elongation of straps, reusable nature, and its application for paper, lumber, and fresh produce are prime uses of plastic straps. The global plastic straps market report by Market Research Future (MRFR) provide a comprehensive picture of the industry and includes drivers, challenges, opportunities, and trends for the period of 2018 to 2023 (forecast period). The sudden outbreak of the COVID-19 virus and its effects on the industry are explored in the report.
Market Scope
The global plastic straps market is eyeing for a doubling of its present valuation set at USD 1280 million (2017) and reach USD 2581.1 million by 2023 with an astounding CAGR of 12.40% during the forecast period (2018-2023), reveals Market Research Future (MRFR) in its latest report.
The market is poised for massive growth owing to the increasing use of plastic straps in steel, paper, and bricks & tiles industries. Its lightweight nature and flexibility in usage can drive the market demand during the forecast period. The reusable and cost-friendly nature of plastic products for wrapping products can bode well for the market. The huge potential in China and India owing to being industrial hubs for all types of goods can induce heavy demand in the market.
But the hazardous nature of plastic straps can impede market growth.
Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/6732
Segmentation
The global plastic straps market is segmented by type and end-user.
By type, the plastic straps market can be segmented into polyester straps, polypropylene straps, nylon straps, and others. Polyester straps are expected to lead the market owing to being safe and lighter than steel straps. Its flexible nature allows the material to bear the load and absorb impact. On the flip side, the polypropylene straps segment can acquire significant earnings for the global plastic straps market owing to its flexibility, high tensile strength, and ease of handling.
Based on end-user, the plastic straps market can be segmented into steel, cotton, paper, fiber, bricks & tiles, and others. The paper industry can be a huge revenue generator for the market owing to plastic straps being able to handle large loads of paper. Its high break strength and tension retention for keeping paper goods secure and superior shock resistance can drive the segment growth.
Regional Analysis
Region-specific analysis of the global plastic straps market encompasses North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
The APAC region is, at present, dominating the market by a considerable margin. The region has immense potential to retain the position in the coming years and display the fastest CAGR during the forecast period. Emerging nations such as China and India are spurring the demand for plastic straps as growing industries are increasing their demand for the product to cut down the logistics cost and increasing bottom margins. The increasing purchasing power of the middle class can drive the regional demand for plastic straps.
North America possesses the potential for the growth of the global plastic straps market owing to large FMCG and manufacturing companies in the U.S. and Canada. The use of straps for bundling and packaging engineering components, construction materials, and other heavy loads over time can fuel the regional market growth.
Browse complete report @ https://www.marketresearchfuture.com/reports/plastic-straps-market-6732
Competitive Outlook
Dubose Strapping, Polychem Corporation, Teufelberger, Scientex Berhad, Crown Holdings, FROMM Packaging, PAC Strapping, Polychem Corporation, Messersi Packaging, Auto Strap, and others are key players of the global plastic straps market.
Table of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter's Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Plastic Straps Market, By Type
5.1 Introduction
5.2 Polyester Straps
5.2.1 Market Estimates & Forecast, 2018-2023
5.2.2 Market Estimates & Forecast By Region, 2018-2023
5.3 Polypropylene Straps
5.3.1 Market Estimates & Forecast, 2018-2023
5.3.2 Market Estimates & Forecast By Region, 2018-2023
5.4 Nylon Straps
5.4.1 Market Estimates & Forecast, 2018-2023
5.4.2 Market Estimates & Forecast By Region, 2018-2023
5.5 Others
………..
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Tags: Plastic straps Market Forecast, Global Plastic Straps, Plastic Straps Industry, Plastic Straps Market Analysis, Plastic Straps, Plastic Straps Market
See Campaign: https://www.marketresearchfuture.com/reports/plastic-straps-market-6732Contact Information:Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.comTags:, iCN Internal Distribution, Research Newswire, English
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com
Get a daily dose of Houston Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Houston Mirror.
More InformationWASHINGTON, D.C.: New single-family home sales in the U.S. rose sharply in April to their highest level in over three years as builders...
VEVEY, Switzerland: Nestle is realigning its focus on its core food and beverage operations after expanding into areas like health...
DEARBORN, Michigan: Ford Motor Company has filed a lawsuit against several California lawyers and law firms, accusing them of cheating...
BRUSSELS, Belgium: U.S. drugmakers are charging significantly more for new treatments, particularly those targeting rare diseases,...
MINNETONKA, Minnesota: UnitedHealth shares took a sharp hit this week, after a report by the UK's Guardian alleged the healthcare giant...
HUNG YEN, Vietnam: A new US$1.5 billion luxury golf and residential project backed by the Trump Organization officially broke ground...
WASHINGTON, DC - U.S. President Donald Trump on Monday said he believed God was behind his election loss in 2020, even though he has...
NEW YORK CITY, New York: Passenger numbers at Newark Liberty International Airport in New Jersey have dropped sharply, according to...
BRUSSELS, Belgium: European Union antitrust regulators are examining fees imposed by payment giants Visa and Mastercard, Bloomberg...
WASHINGTON, D.C.: The U.S. Army plans to change the records of transgender soldiers to list only their sex at birth, according to a...
WASHINGTON, D.C.: The Federal Aviation Administration (FAA) said this week that it will require airlines to reduce the number of flights...
GAZA - The home of a doctor working in the emergency room at the Nasser Medical Complex in southern Gaza was struck by Israel Air...