PP Straps Market: Overview

 PP straps are used for strapping appliances, semi-automatic, and automatic machines. One of the key features of the PP straps are light weight, which offers more security in the packaging. PP straps are eco-friendly and safe for use with food and are free of pollutants. The global PP straps market is expected to expand at a moderate rate during the forecast period. PP straps also provides UV protection which makes them catchier in terms of preference for packaging. Manufacturers in the industry are also offering customized options for PP straps which includes PP straps for ceramics, textile chemicals, food processing and other applications. PP straps with thickness of 0.51 mm - 0.75 mm are more used than other straps. To handle heavy loads in the industrial sectors, various straps are used for packaging. The outlook for global PP straps market is expected to be positive during the forecast period.

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PP Straps Market: Dynamics

The need for protective packaging solutions is expected to boost the global PP straps market in the upcoming years. High strength of the steel straps may reduce the consumption of PP straps for some industrial purpose. However, PP straps are used more than other plastic materials for strapping such as PET, also, cutting edges of steel straps may prove harmful at the workplace. The global PP straps market is estimated to expand at a high growth rate than other plastic materials for strapping. The demand for PP straps may be hampered due to increasing usage of compact packaging and adhesive tapes. Pallet wrapping is also done with the help of overwrapping films, which is expected to hamper the global PP straps market.

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PP Straps Market: Segmentation

On the basis of grade type, the global PP straps market has been segmented as

  • Hand Grade
  • Machine Grade

On the basis of width, the global PP straps market has been segmented as

  • <15 mm
  • 16-20 mm
  • 21-25 mm
  • >25 mm

On the basis of thickness, the global PP straps market has been segmented as

  • Less than 0.50 mm
  • 51 mm - 0.75 mm
  • 76 mm - 1.00 mm
  • Above 1.00 mm

On the basis of application, the global PP straps market has been segmented as

  • Bailing
  • Bundling
  • Palletizing

On the basis of end use, the global PP straps market has been segmented as

  • Food & Beverage
  • Pharmaceuticals
  • Electrical and Electronics
  • Automotive
  • Construction and allied Industries
  • Textiles and Apparels
  • Chemical & Fertilizers
  • Others

PP Straps Market: Key Players & Trends

Some of the leading players in the PP straps market includes GRANITOL akciová spole?nost, M.J.Maillis Group, and Sandax GmbH. Manufacturers in the PP straps are offering variety of options for consumers in terms of thickness and width, to serve various end users in food & beverage, automotive, and chemical industry among others.

PP Straps Market: Regional Outlook

The North American PP straps market is expected to witness moderate growth rate in the upcoming years. The U.S. is expected to hold major market share in the North American PP straps market. The European PP straps market is expected to be in leading position in terms of value in the near future owing to increasing growth of protective packaging. Customized product offerings for PP straps is expected to hold comparatively less share in the upcoming years. Manufacturers in the PP straps market are focusing for further investments in the Middle East & Africa region. GCC countries and Turkey are expected to dominate in PP straps market observing their growth rate in the packaging market during the forecast period. According to World Bank, Indian economy is expected to grow with 7-8% of CAGR, the expansion of business in the country is expected to create high demand for various packaging solutions. The PP straps market is expected to boost in case of increment in the industrial sector demand during the forecast period in the emerging regions such as China, India and Mexico..

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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Below is a snapshot of these quadrants.

1. Customer Experience Map

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

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