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Growth in the Packaging Industry Places Plastic Strapping Materials Market High on Growth Trajectory

One of the most popularly utilized means of bundling and unitization is strapping in the packaging industry. There are several types of strapping products available in the market. In addition, there are many application areas for the plastic straggling materials. It is particularly utilized in the environment segment. Some of the renowned market players in the global plastic strapping materials market are Hangzhou Youngsun Intelligent Equipment Co Ltd, Samuel, Son & Co., Limited, Teufelberger Holding AG, FROMM Holding AG, Messersi' Packaging Srl Dynaric Inc., and M. J. Maillis group.

Making use of extensive research methods, Transparency Market Research (TMR) has brought in a market-ready report on the global plastic strapping materials market for the assessment period of 2018 to 2026. TMR Analysts prophesize that the market would rise at 4.8% CAGR during the forecast tenure, from 2018 to 2026.

plastic strapping materials market

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Presence of Advanced Infrastructure to Propel Growth of the North America Market

TMR analysts have segmented the global plastic strapping materials market on the basis of region. The segmentation is expected to offer a clear, 360-degree view of the global plastic strapping materials market. North America, Latin America, Asia Pacific, Middle East and Africa, and Europe are the key regional segments of the market.

Considering regions, North America is likely to hold a substantial chunk of the global plastic strapping materials market and is expected to retain its regional supremacy. The US is likely to drive the growth in the region, thanks to the growing demand from food and beverage segment.

Asia Pacific is likely to expand at a high growth rate due to rapid growth of the manufacturing and packaging industry in the region. Increased research and development activities in plastic strapping materials is further likely to add impetus to the global plastic strapping materials market during the assessment period, 2018 to 2026.

High Demand from Food and Beverage Industry Bolster its Demand in the Market

Polyester and polypropylene strapping are the two major types of plastic strapping of today’s world.  Polypropylene strapping is quite an economical strapping material that is made for medium to light duty bundling, palletizing, and unitizing.

The global plastic strapping materials market is likely to be driven by the rising need for shipping and handling of products. In addition, High demand for plastic strapping materials arising from the food and beverage industry is another growth factor for the market. High corrosive nature of plastic strapping material makes it suitable for the food and beverage industry. Besides, it is quite easy to handle, attach, and remove plastic strapping materials manually. Plastic wrapping films provides secure packaged items from water, moisture, and dust. As compared to steel strapping, plastic strapping is more cost effective and secure unitizing option for strapping. In addition, steel strapping comes with sharp edges, which makes it difficult to handle.

On the other hand, fluctuations in the cost of raw materials are anticipated to restrict the growth of the global plastic strapping materials market over the assessment tenure, from 2018 to 2026.

The information shared in this review is based on a TMR report, bearing the title, “Plastic Strapping Materials Market (Material - Plastic, Composite, Polypropylene, and Polyester; Application - Heavy loads, Skids and Pallets, and Cartons; End User - Automotive, Chemical & Fertilizers, Building & Construction, Consumer Electronics, Transportation and Logistics, Food and Beverages, and Textile)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 to 2026.”

The global plastic strapping materials is segmented based on:

Material

  • Plastic
  • Composite
  • Polypropylene
  • Polyester

Application

  • Heavy loads
  • Skids and Pallets
  • Cartons

End User

  • Automotive
  • Chemical & Fertilizers
  • Building & Construction
  • Consumer Electronics
  • Transportation & Logistics
  • Food & Beverages
  • Textile

Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K.
    • Rest of Europe
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

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