Strapping Protectors Market - Introduction
The procedure of strapping applies a strap to a product to combine, bind, stabilize, or fasten it. Strapping protectors are tremendously used for various applications in packaging industry as they generate supreme characteristics of its reliability and product protection. These strapping protectors are resistant to tension and equipped with high elongation possess for facilitating convenient packaging of different kind of construction metals and materials. Furthermore, these strapping protectors add value to the product packaging in a very convenient way which ensures some qualites for barrier protection, strength and an extended shelf life to the respective product. Rising demand from various industries (such as healthcare, cosmetics, toiletries, food & beverages) is likely to drive the growth of the strapping protectors market in the upcoming time.
Strapping Protectors Market - Dynamics
Strapping protectors come at different strengths with specific classification-described by ASTM (International and American Association of Railroads). Effective strapping protectors reduces logistical expenses and facilitates warehousing of goods as well. Strapping protectors are specially designed to prevent damage to boxes or cartons from while shipping and transferring goods. The nature of preventing corner and edge damage by distributing the tension of the strapping is fuelling the growth of these protectors. In addition this, recyclable materials are used in preparing the strapping protectors which are driving the market’s growth with a rapid speed.
Different rules and regulations implemented by government against deforestation and plastic pollution might hinder the growth of the market. Moreover, the growth of the steel strapping protectors is declining as it is associated with high cost.
Rising demand for electronics products, medical devices, household appliances, textile goods and pharmaceutical products, along with flourishing e-commerce industry and improved logistics operations shall augment strapping protectors market demand over the forecast period. Increasing growth of different e-commercial sites are creating new opportunities in the packaging industry. Continuously increasing awareness about recycling process among the consumers and different rules and regulations imposed by different governments for sustainable manufacturing practices incorporated with expanding business of export will propel the overall strapping protectors market’s growth over the forecast period.
Strapping Protectors Market - COVID 19 Impact
The pandemic situation created by Corona virus has slightly declined the growth of the market. Due to the change in consumer behaviour, showering activity in building and construction sector in regard to hospitality industry, rerouting of supply chain management system has effected the strapping protectors market in a negative manner.
Strapping Protectors Market - Segmentation
The global strapping protectors market is segmented by material, thickness, width, grade type and end use.
By material the global strapping protectors market is segmented as follows:
By thickness the global strapping protectors market is segmented as follows:
- Less than 0.50 mm
- 51 mm - 0.75 mm
- 76 mm - 1.00 mm
- Above 1.00 mm
By width the global strapping protectors market is segmented as follows:
- 15 mm
- 16-20 mm
- 21-25 mm
- >25 mm
By grade type the global strapping protectors market is segmented as follows:
- Hand Grade
- Machine Grade
By end use the global strapping protectors market is segmented as follows:
- Food & Beverage
- Textiles and Apparels
- Electrical and Electronics
- Building & Construction
- Chemical & Fertilizers
Strapping Protectors Market - Regional Outlook
The Europe strapping protectors market is expected lead the market owing to increasing growth of protective packaging in the industry. The North America strapping protectors market is expected to show a moderate growth rate in future. The U.S. is expected to hold the major market share in the North American region. Manufacturers in the strapping protectors market are focusing for further investments in the Middle East & Africa region. GCC countries and Turkey are expected to dominate the market owing to its increasing activities in Food & Beverage Sector. The strapping protectors market is expected to accelerate its growth in case of increment in the industrial sector-demand over the forecast period in the emerging regions such as China, India and Mexico.
Strapping Protectors Market - Key Players
- Global Equipment Company Inc,
- Easypac Systems
- Signode India
- Thüringer Fiber-Trommel Gmbh
- Quality Strapping
The report on strapping protectors market is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. Strapping protectors market also maps the qualitative impact of various market factors on market segments and geographies.
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:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- 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:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
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?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.