Strapping Market Scope
Strapping refers to packaging material of plastic, Steel, Polyester, Nylon, Paper, and others. The strapping market has high growth prospects owing to increasing e-commerce industry. Increasing demand for household appliances, consumer electronics, medical devices, pharmaceutical products, and others supplementing the growth of strapping materials. Further, development in environment-friendly strapping material and increasing demand from numerous sectors such as construction, pharmaceutical, warehouse, logistics, and others driving the growth for the strapping market.
According to AMA, the Global Strapping market is expected to see growth rate of 5.9%
Fragmented nature of the market owing to numerous players in the market. Market leaders are focusing on developing advanced strapping materials. Increasing demand from numerous industries generating lucrative opportunities for the companies involved in strapping production. Research Analyst at AMA estimates that Germany Vendors will contribute to the maximum growth of Global Strapping market throughout the predicted period.
FROMM Group (Switzerland), Anshan Falan (China), Shanghai Baosteel Packaging Material Co., Ltd. (China), M.J.Maillis Group (United States), Polychem Corporation (United States), Mosca GmbH (Germany), Cordstrap India Private Limited (India), CBS Packaging Group (United Kingdom), Bhushan Steel (India), Scientex Berhad (Malaysia), Teufelberger (Germany), Signode (India), TITAN Umreifungstechnik (Germany) and Midfield industries LTD. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Linder GmbH (Germany), Cyklop GmbH (Germany), Carolina Strapping (United States) and PAC Strapping Products, Inc. (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Strapping market by Type (Steel Strapping, Polypropylene Strapping, Polyester Strapping, Nylon Strapping, Corded and woven Strapping, Paper Strapping and Composite Strapping) and Region with country level break-up.
On the basis of geography, the market of Strapping has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
29th November 2018, CBS Packaging Group, cardboard box manufacturers invest in taping machinery to boost its e-commerce packaging business. The new taping equipment allows the company to produce corrugated packaging with pre-applied hot melt adhesive tapes.
- Increasing Applications of Strapping Materials in Warehouse and Logistics
- Growing Demand for Steel Strapping Material from Construction Industry
- Increasing Demand from Shipping and Packaging Industry
- Emphasizing On Bio-Based Plastic Strapping Material
- Technological Advancement in Strapping Machineries
- Rising Demand from Developing Economies
- Concerns Regarding Waste Management of Strapping Material
- Fluctuating Raw Material Prizes
- Developing Environmental-Friendly Packaging Material
Key Target AudienceManufacturers of Strapping, Raw Material Suppliers, Providers of Technologies Used for Manufacturing Strapping, Traders, Distributors, and Suppliers of Strapping, End-use Industries, Government and Regional Agencies and Research Organizations, Investment Research Firms, Government and Research Organizations, Associations and Industrial Bodies and Research and Consulting Firms
Frequently Asked Questions (FAQ):
1. What are the key segments playing vital role in Strapping Market?
The Strapping study can be customized to meet your requirements. The market size breakdown by type [Steel Strapping, Polypropylene Strapping, Polyester Strapping, Nylon Strapping, Corded and woven Strapping, Paper Strapping and Composite Strapping], by end use application .
2. How big is the Strapping Market?
The Strapping Market is gaining popularity and expected to see strong valuation by 2026.
3. What is expected growth rate in Strapping Market?
According to AMA, the Global Strapping market is expected to see growth rate of 5.9%.