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Polyester straps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2027

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Polyester straps market - Overview

Polyester straps are packaging solutions used for wrapping products such as iron and steel bars, rilling sheets or coils, wooden crates, pipes, cables, etc. The manufacturers of these products look for wrapping solutions that can be safe for both the products being wrapped and the user during wrapping and unwrapping. Earlier steel straps were used to wrap these products but the steel tended to corrode resulting in reacting with the materials and thus compromising the quality of the products. The steel also damaged the cargo by its sharp edges during transportation and shipping. This resulted in the manufacturing of alternative wrapping product made of safer materials without compromising the strength of the steel. Polyester straps are made of polypropylene and polyethylene terephthalate. The straps made from these materials intended to meet the demand of the consumer. These straps are light in weight compared to the steel straps thus adding ease during transportation. The straps made from polyesters are impervious to rust and therefore can be used multiple times. These added features of polyester straps seem to drive the global market of polyester straps between 2017 and 2027.

Polyester straps market – Dynamics

The demand for iron rods, metal sheets, timbers, film rolls, textiles, cables, etc. are met by transporting the products across distances over the globe. The products therefore need to be stacked orderly and safely in order to minimize the damage during the transportation. Polyester straps offers safe wrapping of these products compared to steel straps thereby creating opportunities for the global polyester straps market. Some of the factors that tend to drive the global market of polyester straps include relatively less cost compared to steel straps, light in weight, heat sealable by manual or automatic strapping tools, elongates to withstand shock, impervious to rust, safe to use, etc. Owing to these properties of the polyester, the manufacturers of the straps are keenly involved in producing polyester straps from polypropylene and polyethylene terephthalate. Attributed by these properties the demand for polyester straps is anticipated to grow over the forecast period. However, the penetration of the polyester market is challenged by the existing strategy of wrapping the products with the remnant.

Polyester straps market – Segmentation

The Polyester straps market is segmented as follows:

On the basis of material type, Polyester straps market is segmented into:

  • Polyethylene terephthalate (PET)
  • Polypropylene (PP)

On the basis of application, Polyester straps market is segmented into

  • Building Material & Wood
    • Roofing tiles
    • Plaster Boards
    • Timber
    • Plywood
    • Others
  • Pelletization
    • Cartons
    • Bottles
    • Others
  • Industries
    • Iron & Steel
    • Glass & Ceramics
    • Paper
    • Textile
    • Leather
    • Others

Polyester straps market – Region wise outlook

The global polyester straps market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

Asia Pacific has emerged as a leading producer of iron and steel and allied products over the past few decades. Polyester strap which is an efficient wrapping solution for this product is therefore anticipated to witness a hike in terms of demand in this region leading to the growth of the market for polyester bags throughout the forecast period. Europe is one of the leading manufacturer of glass and ceramics products and therefore is expected to follow Asia Pacific in terms of demand for the polyester straps which is required to wrap the products during shipping and transportation over the forecast period. North America is expected to witness relatively slower growth in terms of demand for polyester straps owing to its prevailing established economy. However, Latin America and Middle East & Africa is anticipated to witness a sluggish growth in the market of polyester straps due to its stagnant economy.

Polyester straps market – Key Players

The key players in the polyester straps market include Signor Polymers Pvt. Ltd, North Shore Strapping Inc., S & K Packaging Industries, Ruparel Polystrap Pvt. Ltd., Auto Strap India, Consent, LLC., Plastic Extruders Ltd., Linder GmbH, Narrowtex Pty(Ltd).

The report offers an accurate evaluation of the market through detailed qualitative insights and verifiable projections about market size. The projections presented in the report have been derived using proven research methodologies and assumptions.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.

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