A plastic straps is used for bundling or banding. Bundling or banding is a process of applying a straps to combine, stabilize, hold, reinforce, or fasten an item. The straps is also referred as strapping. Earlier steel strapping was used for heavy products for bundling, but after innovation and introduction of high tensile strength in plastic straps, it is becoming popular among strapping material. Plastic straps are extensively used in the packaging industry. Plastic straps enable transfer of goods without any damage from manufacturing facilities to end-users or to the market place. Plastic straps are employed in several applications in various industries such as building & construction, glass, food & beverages, agricultural, and textile. Use of plastic straps is increasing due to its lightweight and low cost.          

Plastic Straps Market: Segmentation

The global plastic straps market can be segmented based on type, end-use industry, and region. In terms of type, the plastic straps market can be divided into polyester, polypropylene, nylon, and others. Polypropylene straps offer high tensile resistance, flexibility, and corrosion resistance. These straps are more cost-effect and lighter in weight than the straps made from other materials. Polypropylene straps offers higher elongation at break. These straps can be printed on during or after production. This provides a marketing advantage to plastic straps manufacturing companies. This, in turn is, projected to drive the polypropylene segment during the forecast period. Based on end-use industry, the plastic straps market can be segregated into paper, steel, bricks & tiles, fiber, cotton, corrugated boxes, logistics, and others. Paper and logistics segments are estimated to hold large share of the market. Growth in the logistic, packaging, and construction industries is anticipated to propel the plastic straps market. 

Plastic Straps Market: Region wise Outlook

Based on region, the plastic straps market can be categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The food & beverage industry is growing at a rapid pace in North America. This, in turn, is expected to boost the demand for plastic straps during the forecast period.. Rise in demand for electronics goods, growth in the construction industry, and increase in population are estimated to boost the transport of goods. This is projected to drive the plastic straps market in Asia Pacific during the forecast period. Moreover, large number of multinational companies are investing in manufacturing sector in developing country like India, which is driving demand of plastic straps In Indian market. China is also focusing more on various industrial sectors in upcoming years,Therefore, the plastic straps market in the region, especially in India and China, anticipated to expand at a considerable pace during forecast period. Growth in logistics and manufacturing industries in the Middle East and countries in North Africa is likely to propel the demand for plastic straps. This is expected to drive the plastic straps market in Middle East & Africa during the forecast period.

Plastic Straps Market: Key Players

Plastic straps market is estimated to fuel up during forecast players so many new players in plastic straps manufacturing are establishing their existence in this growing market. Few major players operating in the global plastic straps market include Crown Holding Inc, Polychem Corportion, FROMM Holding, Teufelberger Holding AG, PAC Strapping Products,Inc, Auto Strap India, and LINDER GmbH, and Cyclop Nederland B.V.

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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Plastic Straps Market

Pre Book