Global Strapping Materials Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

The Strapping Materials Market 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 2031.

The Strapping Materials Market 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 strapping materials market report has been segmented on the basis of product type, application, and region.

This Strapping Materials Market report is based on the 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 the future.

Strapping Materials Market Overview:

“The Strapping Materials Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Plastic strapping is a substitute for conventional packaging materials such as aluminum, glass, and tin, which are used in the food and beverage, building & construction, and industrial logistics industries.

The flexibility of plastic allows manufacturers to customize size and shape as per the packaging requirement of a consumer. Plastic strapping also saves packaging space as compared to conventional packaging.

On the basis of raw materials, the polypropylene segment is estimated to hold a major revenue share in the global strapping materials market and is expected to maintain its dominance over the forecast period.

Properties of polypropylene such as lightweight, cost-effective, and easy-to-recycle are expected to be major factors driving the segment growth.

Moreover, the growing penetration of polypropylene in food & beverage packaging is anticipated to propel segment growth.

On the basis of application, the industrial logistics and warehouse segment is estimated to hold a major revenue share in the global strapping materials market.

The growing manufacturing sector across the globe is expected to boost the segment growth over the forecast period. Rising number of cross-border online sales is anticipated to drive industrial logistics market, and in turn is expected to fuel the segment growth.

Asia Pacific market is estimated to hold a major revenue share in the global strapping materials market, in 2017 and is expected to maintain its dominance over the forecast period. Growing food & beverage and industrial logistics industry in developing countries in the region such as China, India, and Indonesia is expected to propel market growth in the region.

The Asia Pacific accounts for the largest revenue share contribution of the target market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively.

Growing building & construction activities in the region are expected to augment Asia Pacific strapping materials market growth over the forecast period.

Market segmentation and key players operating in the global strapping materials market:

By product type:

• Steel
• Polypropylene
• Polyester

By application:

• Building & construction
• Food & beverage
• Metal
• Newspaper & graphics
• Industrial logistics
• Corrugated cardboard & paper

By region:

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