Global Plastic Straps Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global plastic straps market in its upcoming report titled, “Global Plastic Straps Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. the global plastic straps market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global plastic straps market report has been segmented on the basis of type, end-use industry, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Plastic strap is a bundling material used for fastening or holding objects together or in a specific position. It is a viable option to steel strapping, as steel straps corrode and may damage the object, this is a factor driving growth of the global market. Increasing demand from paper and packaging industry is another factor expected to drive growth of the global plastic straps market over the forecast period. In addition, increasing adoption of plastic strap in automobile, pharmaceutical, and electronic industries is another factor expected to fuel growth of the target market to a significant extent over the forecast period.

However, stringent environmental regulations towards use and disposal of plastic is a major factor hampering growth of the target market. In addition, fluctuating prices of raw materials is a challenge faced by manufacturers in the global plastic straps market.

Increasing adoption of plastic strap in construction sector for various applications is a trend observed in the target market. This factor is expected to propel growth of the global market over the next 10 years. Increasing R&D activities to develop bio-based plastic straps is expected to create opportunity for manufacturers operating in the global plastic straps market over the forecast period.

The Asia Pacific market accounts for largest share in terms of revenue and is expected to maintain its dominance over the forecast period. The Asia Pacific market is expected to witness highest growth in the global market, owing to rising demand for plastic straps from packaging industry in countries in this region. The market in North America is projected to witness significant growth; whereas the plastic strap market in Europe is expected to register moderate growth over the forecast period, followed by the market in Latin America.

Global Plastic Straps Market Segmentation:

Segmentation on the basis of type:

• Polyester straps
• Polypropylene straps
• Nylon straps
• Others

Segmentation on the basis of end-use industry:

• Paper
• Steel
• Bricks & Tiles
• Fiber
• Cotton
• Others

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Crown Holdings, Inc.
• TEUFELBERGER Holding AG
• Polychem Corporation
• Messersi Packaging S.r.l.
• Mosca GmbH
• FROMM Packaging Systems Inc.
• DuBose Strapping, Inc.
• Scientex Berhad
• LINDER GmbH
• Samuel Strapping Systems