Get Free Sample Report "Global Plastic Straps Market" By Product Type, End-Uses,Share Analysis, Application, Geography - Industry Trends and Forecast to 2025
The Global Plastic Straps Market is expected to reach USD 5.21 billion by 2025, from USD 1.33 billion in 2017 growing at a CAGR of 18.9% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Plastic Straps Market
With the advent of polyester straps, the problem of corrosion has been tackled, as steel has the property of corroding. Since polyester straps were introduced in the global market, the wrapping of the products was done by steel strapping. However, as steel has the property to corrode, this resulted in the deteriorating quality of goods that were wrapped with steel. Due to this logistics sector and other allied industries has a negative impact on them. So the demand for alternative strapping solutions took place, which also had to be light and soft. This lead to the increase in the use of polyester straps as an alternative for steel strapping. Manufacturers were able to capitalize on the benefits provided by polyester strapping, and therefore presently there is an increased demand for polyester straps in the market. Another important factor is the cost, as polyester straps are cheaper, their demand is on a rise in the market. In July 2018, Sweden’s Trelleborg AB has acquired U.S. based laminating coating technologies (Lamcotec) as a part of their strategy to strengthen its position. They develop and manufacture polyurethane-coated and laminated fabrics which are primarily used for aerospace industry and medical industry. With the increasing demand of these fabrics, the market is expected to grow.
Low cost and light weight alternatives for materials
The rising demand of plastic straps in major markets such as India and China
The fluctuating prices of raw materials
Increase in environmental pollution and waste management
Segmentation: Global Plastic Straps Market
Competitive Landscape: Global Plastic Straps Market
The global plastic straps market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of friction modifiers market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
The key players operating in the global plastic straps market are –
Messersì Packaging S.r.l.
The other players in the market are Mosca GmbH, Scientex, Samhwan steel co., DuBose Strapping, Inc, PAC Strapping Products, Inc., Cyklop Nederland B.V., SORSA Strapping Systems, Auto Strap India, LINDER Seevetal, Consent Group, North Shore Strapping Company, Intertape Polymer Group Inc, and AptarGroup Inc.
Research Methodology: Global Plastic Straps Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
Historical and current market size and projection up to 2025
Market trends impacting the growth of the global plastic straps market
Analyze and forecast the plastic straps market on the basis of type and end use industry
Trends of key regional and country-level markets for type and end use industry
Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
