Woven Polyester Strapping Market: An Overview

Strapping is used for unitizing and holding items in place for transport and storage. Plastic strapping is done using materials such as polyester, polypropylene, or woven polyester (polyester and polypropylene). Polyester is known to be one of the most durable plastic strapping material and is often used as an alternative for steel strapping.  Woven polyester strapping maintains its structural stability under adverse weather conditions and retains tension. Owing to its ability to absorb load impact without breaking makes woven polyester strapping suitable for several heavy duty applications.

Planning to lay down future strategy? Perfect your plan with our report brochure here

Woven Polyester Strapping Market: Dynamics

The woven nature provides additional strength to the strapping; this has bolstered the demand for woven polyester strapping in securing heavy loads, including metal as well as plastics. Unlike steel strappings, woven polyester strapping do not rust, are easier to handle and less expensive. These attributes are expected to fuel the demand for woven polyester strapping in the global strapping market. Woven polyester strapping has outpaced the growth of steel strapping market due to its ease of handling and non-corrosion properties. With more research and development, manufacturers of woven polyester strapping are widening its area of application to take over more heavy duty industrial applications. Additionally, the global logistics industry is expected to grow at a CAGR of 7.5% in the next decade, which will translate into an expansion of the woven polyester strapping market.

Looking for exclusive market insights from business experts? Request a Custom Report here

However, plastic strapping is avoided in many applications and stretch wraps are used for unitizing products. When compared to stretch wraps, woven polyester strapping fail to provide full enclosure protection to the package. This is why woven polyester strapping is not preferred in many consumer packaged goods. Moreover, woven polyester strapping cannot match the strength of steel strapping which is used for long-distance transportation. This might restrain the area of application of these strapping solutions and adversely affect the sales of woven polyester strapping.

Key players are taking up sustainable practices and adopting recycled polyester for manufacturing strappings. This has led to reduced pollution as well as the cost of raw materials. For instance,

  • FROMM Holding AG, uses recycled PET flakes for manufacturing strapping materials. The material is environmentally friendly and in compliance with the European Packaging Directive.

Woven Polyester Strapping Market: Segmentation

Globally, the woven polyester strapping market has been segmented as width, applications and end-use industries

On the basis of width, the global woven polyester strapping market has been segmented as follows

  • Below 10 mm
  • 10 mm – 20 mm
  • 20 mm – 30 mm
  • 30 mm and above

On the basis of applications, the global woven polyester strapping market has been segmented as follows

  • Shipping Containers
  • Boxes
  • Crates & Pallets
  • Others

On the basis of end-use industries, the global woven polyester strapping market has been segmented as follows

  • Electrical & Electronics
  • Transportation & Logistics
  • Building & Construction
  • Food & Beverages
  • Automotive
  • Chemical & Fertilizers
  • Textile
  • Other Industrial

Woven Polyester Strapping Market: Regional Outlook

Geographically, the global woven polyester strapping market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Middle East, and Africa (MEA) and Japan. Many tier 1 players of the global woven polyester strapping market are based out of Europe and North America and have systematic distribution channels in developing economies of Asia Pacific. These regions are expected to witness steady growth in the global woven polyester strapping market owing to the established logistics services and manufacturing industry. In terms of market share, Asia Pacific is projected to dominate the global market due to high manufacturing and overseas trade activities.

Woven Polyester Strapping Market: Key Players

Some of the key players operating in the global woven polyester strapping market are OEMSERV Hong Kong Ltd., Redback Industries, Samuel, Son & Co., PAC Strapping Products, Inc., FROMM Holding AG among others. Many small-scale regional players are expected to contribute to the global woven polyester strapping market during the period of forecast.

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.

.