Plastic Strapping Materials Market

Plastic Strapping Materials Market Forecasts to 2028 – Global Analysis By Material (Composite, Polypropylene, Polyester), Application (Heavy Loads, Skids & Pallets, Cartons/Corrugated Boxes) and By Geography

4.4 (32 reviews)
Published: November 2021 ID: SMRC21158
4.4 (32 reviews)
Published: November 2021 ID: SMRC21158

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Plastic Strapping Materials Market is accounted for $1,809.64 million in 2020 and is expected to reach $3,063.10 million by 2028 growing at a CAGR of 6.8% during the forecast period. Factors such as rising demand from the food and beverage industry, flourishing e-commerce industry, and improved logistics operations are driving the growth of the market. However, fluctuating cost of raw materials is hampering the growth of the market.

Plastic strapping is a substitute for conventional packaging materials such as glass, aluminium, and tin. The increased flexibility of plastic allows manufacturers to customize size and shape as per the packaging requirement of a consumer. Plastic strapping also helps in saving packaging space as compared to conventional packaging.

Based on the end user, the food & beverages segment is anticipated to expand at a rapid pace during the forecast period due to the rising demand for safe and effective packaging solutions. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the rapid growth in manufacturing industries in the region.

Some of the key players profiled in the Plastic Strapping Materials Market include Samuel, Son & Co., Limited, M. J. Maillis Group, Scientex Berhad, FROMM Holding AG, Signode Industrial Group, Teufelberger Holding AG, Granitol a.s., Dynaric Inc., Messersi' Packaging, and Hangzhou Youngsun Intelligent Equipment Co Ltd. 

Materials Covered:
• Composite
• Polypropylene
• Polyester

Applications Covered:
• Heavy Loads
• Skids & Pallets
• Cartons/Corrugated Boxes   

End Users Covered:
• Automotive
• Transportation & Logistics
• Food & Beverages
• Building & Construction
• Chemicals & Fertilizers
• Consumer Electronics
• Textile

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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o Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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