Plastic straps are mainly used to hold the specific item in order to combine, reinforce, hold, stabilize, or fasten it. The plastic straps are aimed to transfer of goods without any damage from manufacturing facilities to end-users. Plastic straps are mainly used in various end user industries including paper, steel, bricks & tiles, fiber, cotton, and others.
Plastic Straps Market Segmentation |
|
| By Type | 1. Polypropylene Straps |
| 2. Polyester Straps | |
| 3. Nylon Straps | |
| 4. Others | |
| By End-use Industry | 1. Paper |
| 2. Steel | |
| 3. Bricks & Tiles | |
| 4. Fiber | |
| 5. Cotton | |
| 6. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
Growth in the market for plastic straps is driven mainly by increasing applications in multiple end-use sectors, lightweight and low-cost alternatives to other products, and increasing demand for plastic straps in significant economies such as India and China. In addition, the increasing construction industry in developing nations and the growth of bio-based plastics are anticipated to generate possibilities for producers in the worldwide economy over the forecast period. However, volatile prices of raw materials, stringent government regulations regarding environmental pollution and waste management are expected to hamper the growth of the global plastic straps market in the coming years.
The polypropylene segment expected to dominate the plastic straps market throughout the forecast period
Based on type, the global plastic straps market has been segmented into polypropylene straps, polyester straps, nylon straps, and others. The polypropylene segment accounted for approximately 24% of the share in the global plastic straps market in 2018.
While polyester straps accounted highest CAGR of around 14.12% in the global plastic straps market during the forecast period. Polyester straps are commonly used in multiple end-user sectors due to elevated tensile strength, enhanced flexibility, ease of handling and outstanding elongation characteristics. These advantages are anticipated to increase demand and sales for Polyester straps on the worldwide market in both advanced and developing economies.
Based on end-use industry, the beverage segment is expected to dominate during the forecast period
Based on end-use industry, the market has been segmented into paper, steel, bricks & tiles, fiber, cotton, and others. The paper end-use industry segment accounts of the largest share in the market and held for more than 50% of the total market in 2018. The major factors that are driving the growth of this segment are the rising demand for plastic straps in logistic, packaging, and construction industries.
The increase in demand for consumer electronics, medical devices and pharmaceutical products is a key factor in the development of the paper industry. This is anticipated to increase the dominance of the document in the worldwide economy over the forecast period.
The manufacturers Crown Holdings, Messersì Packaging, and Mosca Direct Limited are the mainly investing in the development of plastic straps for the paper industries, which expected the lead the market in the coming years.
Asia-Pacific to dominate the plastic straps market throughout the forecast period
Asia-Pacific accounted for nearly 43% share of the global plastic straps market in 2018 and is expected to dominate the market throughout the forecast period. The rapid development in urbanization, the development of the construction industry and the increase in demand for electronic products and the increase in purchasing power and disposable income are the main driving factors for the region on the worldwide market. Moreover, the high growth of manufacturing industries and growing foreign direct investment, and growing end user industries increases its dominance in the global plastic straps market in future.
North America is expected to hold the highest CAGR in the global market during the forecast period. Manufacturers are investing in the development of plastic strips and the growing demand for smart packaging is expected to increase the market growth in the global market for plastic straps during the forecast period.
Company Profiles and Competitive Intelligence:
The major players operating in the global plastic straps market are Polychem Corporation (US), Crown Holdings (US), FROMM Packaging (US), Teufelberger (Austria), Messersi Packaging (Italy), Dubose Strapping (US), Auto Strap (India), PAC Strapping (US), Linder Seevetal (Germany), and Scientex Berhad (Malaysia) among others.
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Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Plastic Straps Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Plastic Straps Market
1.3. Market Dynamics
1.4. Global Plastic Straps Market, by Segment, 2018
1.4.1. Global Plastic Straps Market, by Type, 2018, (USD Million)
1.4.2. Global Plastic Straps Market, by End-use Industry, 2018, (USD Million)
1.4.3. Global Plastic Straps Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Plastic Straps Market In Developed Vs. Developing Economies, 2018 vs 2023
1.5.2. Global Plastic Straps Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Rising demand of plastic straps in major end-user industries
2.2.2. Lightweight and low-cost alternative to other material
2.3. Market Restraints
2.3.1. Stringent government regulations regarding environmental pollution
2.3.2. Restraint 2
2.4. Market Opportunities
2.4.1. Growing packaging and construction industries in developing countries
2.4.2. Opportunity 2
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Plastic Straps Market, by Type
3.1. Market Overview, by Type
3.1.1. Global Plastic Straps Market, by Type, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Type, 2018
3.2. Polypropylene Straps
3.2.1. Global Plastic Straps Market, by Polypropylene Straps, 2016-2026, (USD Million)
3.3. Polyester Straps
3.3.1. Global Plastic Straps Market, by Polyester Straps, 2016-2026, (USD Million)
3.4. Nylon Straps
3.4.1. Global Plastic Straps Market, by Nylon Straps, 2016-2026, (USD Million)
3.5. Others
3.5.1. Global Plastic Straps Market, by Others, 2016-2026, (USD Million)
Chapter 4 Global Plastic Straps Market, by End-use Industry
4.1. Market Overview, by End-use Industry
4.1.1. Global Plastic Straps Market, by End-use Industry, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by End-use Industry, 2018
4.2. Paper
4.2.1. Global Plastic Straps Market, by Paper, 2016-2026, (USD Million)
4.3. Steel
4.3.1. Global Plastic Straps Market, by Steel, 2016-2026, (USD Million)
4.4. Bricks & Tiles
4.4.1. Global Plastic Straps Market, by Bricks & Tiles, 2016-2026, (USD Million)
4.5. Fiber
4.5.1. Global Plastic Straps Market, by Fiber, 2016-2026, (USD Million)
4.6. Cotton
4.6.1. Global Plastic Straps Market, by Cotton, 2016-2026, (USD Million)
4.7. Others
4.7.1. Global Plastic Straps Market, by Others, 2016-2026, (USD Million)
Chapter 5 Global Plastic Straps Market, by Region
5.1. Market Overview, by Region
5.1.1. Global Plastic Straps Market, by Region, 2016-2026, (USD Million)
5.2. Attractive Investment Opportunity, by Region, 2018
5.3. North America Plastic Straps Market
5.3.1. North America Plastic Straps Market, by Type, 2016-2026 (USD Million)
5.3.2. United States Plastic Straps Market, 2016-2026 (USD Million)
5.3.3. Canada Plastic Straps Market, 2016-2026 (USD Million)
5.4. Europe Plastic Straps Market
5.4.1. Europe Plastic Straps Market, by Type, 2016-2026 (USD Million)
5.4.2. United Kingdom Plastic Straps Market, 2016-2026 (USD Million)
5.4.3. Germany Plastic Straps Market, 2016-2026 (USD Million)
5.4.4. France Plastic Straps Market, 2016-2026 (USD Million)
5.4.5. Rest of Europe Plastic Straps Market, 2016-2026 (USD Million)
5.5. Asia Pacific Plastic Straps Market
5.5.1. Asia Pacific Plastic Straps Market, by Type, 2016-2026 (USD Million)
5.5.2. China Plastic Straps Market, 2016-2026 (USD Million)
5.5.3. Japan Plastic Straps Market, 2016-2026 (USD Million)
5.5.4. India Plastic Straps Market, 2016-2026 (USD Million)
5.5.5. Rest of Asia Pacific Plastic Straps Market, 2016-2026 (USD Million)
5.6. Latin America Plastic Straps Market
5.6.1. Latin America Plastic Straps Market, by Type, 2016-2026 (USD Million)
5.6.2. Brazil Plastic Straps Market, 2016-2026 (USD Million)
5.6.3. Mexico Plastic Straps Market, 2016-2026 (USD Million)
5.6.4. Rest of Latin America Plastic Straps Market, 2016-2026 (USD Million)
5.7. Middle East & Africa Plastic Straps Market
5.7.1. Middle East & Africa Plastic Straps Market, by Type, 2016-2026 (USD Million)
5.7.2. GCC Plastic Straps Market, 2016-2026 (USD Million)
5.7.3. Rest of Middle East & Africa Plastic Straps Market, 2016-2026 (USD Million)
Chapter 6 Competitive Intelligence
6.1. Top 5 Players Comparison
6.2. Market Positioning of Key Players, 2018
6.3. Market Players Mapping
6.3.1. By Type
6.3.2. By End-use Industry
6.3.3. By Region
6.4. Strategies Adopted by Key Market Players
6.5. Recent Developments in the Market
6.5.1. Mergers & Acquisitions, Partnership, New Type Developments
Chapter 7 Company Profiles
7.1. Polychem Corporation
7.1.1. Polychem Corporation Overview
7.1.2. Polychem Corporation Types Portfolio
7.1.3. Polychem Corporation Financial Overview
7.1.4. Polychem Corporation News/Recent Developments
7.2. Crown Holdings
7.2.1. Crown Holdings Overview
7.2.2. Crown Holdings Types Portfolio
7.2.3. Crown Holdings Financial Overview
7.2.4. Crown Holdings News/Recent Developments
7.3. FROMM Packaging
7.3.1. FROMM Packaging Overview
7.3.2. FROMM Packaging Types Portfolio
7.3.3. FROMM Packaging Financial Overview
7.3.4. FROMM Packaging News/Recent Developments
7.4. Teufelberger
7.4.1. Teufelberger Overview
7.4.2. Teufelberger Types Portfolio
7.4.3. Teufelberger Financial Overview
7.4.4. Teufelberger News/Recent Developments
7.5. Messersi Packaging
7.5.1. Messersi Packaging Overview
7.5.2. Messersi Packaging Types Portfolio
7.5.3. Messersi Packaging Financial Overview
7.5.4. Messersi Packaging News/Recent Developments
7.6. Dubose Strapping
7.6.1. Dubose Strapping Overview
7.6.2. Dubose Strapping Types Portfolio
7.6.3. Dubose Strapping Financial Overview
7.6.4. Dubose Strapping News/Recent Developments
7.7. Auto Strap
7.7.1. Auto Strap Overview
7.7.2. Auto Strap Types Portfolio
7.7.3. Auto Strap Financial Overview
7.7.4. Auto Strap News/Recent Developments
7.8. PAC Strapping
7.8.1. PAC Strapping Overview
7.8.2. PAC Strapping Types Portfolio
7.8.3. PAC Strapping Financial Overview
7.8.4. PAC Strapping News/Recent Developments
7.9. Linder Seevetal
7.9.1. Linder Seevetal Overview
7.9.2. Linder Seevetal Types Portfolio
7.9.3. Linder Seevetal Financial Overview
7.9.4. Linder Seevetal News/Recent Developments
7.10. Scientex Berhad
7.10.1. Scientex Berhad Overview
7.10.2. Scientex Berhad Types Portfolio
7.10.3. Scientex Berhad Financial Overview
7.10.4. Scientex Berhad News/Recent Developments
Chapter 8 Preface
8.1. Data Triangulation
8.2. Research Methodology
8.2.1. Phase I – Secondary Research
8.2.2. Phase II – Primary Research
8.2.3. Phase III – Expert Panel Review
8.2.4. Approach Adopted
8.2.4.1. Top-Down Approach
8.2.4.2. Bottom-Up Approach
8.2.5. Supply- Demand side
8.2.6. Breakup of the Primary Profiles
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