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

MarketResearch.biz delivers in-depth insights on the global strapping materials market in its upcoming report titled, “Global Strapping Materials Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global strapping materials market is estimated to register a CAGR of X.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 2027. 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 strapping materials market report has been segmented on the basis of product type, application, 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 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 industry. 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 material, polypropylene segment is estimated to hold 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 segment growth. Moreover, growing penetration of polypropylene in food & beverage packaging is anticipated to propel segment growth.

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

• Panorama Packaging Pvt. Ltd.
• Mosca GmbH
• Strapack, Inc.
• Cyklop GmbH
• Milan Ligocki UNIPACK
• Signode Packaging Systems Corporation
• Titan Umreifungstechnik GmbH & Co. KG
• Signor Polymers Pvt. Ltd.
• StraPack, Inc.
• Dynaric, Inc.