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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

Manufacturers are continuously looking for better packaging solutions which reflect versatile characteristics such as sustainability, cost efficient nature, firmness and safety. In the past, steel straps were used for wrapping of products and commodities, however, they posed limitations such as corrosion and damage. Steel straps tend to damage the goods they wrap causing unnecessary wastage. Moreover, due to moisture, they used to develop rust, which after the piercing of the goods, caused quality adulteration and contamination owing to the reactions taking place. Polyester straps do not possess such problems, and they are used to wrap steel bars, iron bars, coils, pipes, crates, cables etc. These polyester straps offer both safety        and effective packaging solutions and the products can be unwrapped with minimal effort after unloading. The weight of the polyester straps is less as compared to steel straps; this helps in better transportation of the goods and products. Also, polyester straps do not develop rust, unlike steel, and hence can be used multiple times as a sustainable packaging solution and they are used till their strength wears off (which takes lot of time and hence can be used several times). Polyester straps are made from two materials, either PP (polypropylene) or PET (polyethylene terephthalate).

Polyester Straps Market: Applications in Several Industries and End Uses

Polyester straps are used in various industries such as ceramics, glass, textile, paper, steel and iron, leather etc. They are also used in building material and palletisation which includes bottles and cartons wrapping. They find use in wrapping roofing tiles, timber, plaster bonds, plywood etc. They also find applications in the food and beverage industry which include their uses in the breweries, mineral water, soft drinks, dairy, juices, meat and poultry products and other beverage distribution centers.

Polyester Straps Market: Dynamics Influencers and Growth Propellers

Polyester straps are used widely in several industries as they provide efficient wrapping solutions. Moreover, there is increasing demand for timber, metal rods, iron, cables, textile products etc., which is used in manufacturing sector and in the end user applications. These products need to get transported without compromising the quality of the products and this is where polyester straps come into play. The more the demand, the more will the transportation activities and in turn more will be the demand for polyester straps. This has a good influence over the polyester straps market. To add to the factors fuelling the growth of the polyester straps market, polyester material such as polypropylene and polyethylene terephthalate offer better resistance to shock and vibrations, they do not develop rust, they are light in weight, they are less costly as compared to steel and they offer heat sealable properties. All these aspects drive the usage of polyester straps in different industries thereby contributing to the global polyester straps market. However, remnant wrapping can have a negative influence on the growth of the polyester straps market to a certain extent.

Polyester Straps Market: Regional Outlook

The regions of North America, Europe, Asia Pacific and rest of the world are included in the regional analysis done on the global polyester straps market. APAC (Asia Pacific) seems to be experiencing growing demand for polyester straps. Europe, being a leading producer of ceramic products and glass also shows good growth potential for the polyester straps market after Asia Pacific. North America and rest of the world which includes Middle East and Africa show steady and slow growth respectively in the global polyester straps market.

Polyester Straps Market: Competitive Analysis

The key companies involved in the polyester straps market involve are North Shore Strapping Inc., Signor Polymers Pvt. Ltd., S and K Packaging Industries, Auto Strap India, Ruparel Polystrap Pvt. Ltd., Consent LLC., Linder GmbH, Plastic Extruders ltd., Narrowtex Pty, Samuel Strapping and Trinity Group.

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    

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