What is Plastic Straps?
A plastic strap is basically a flexible flat material that helps to combine, hold, reinforce, or fasten an item. Before the plastic strap, steel strapping was used for heavy products for bundling. Plastic strapping materials are produced from polypropylene, polyester, and are available in a wide variety of styles, strengths, and finishes. The plastic straps market is taking advantage of cost reduction and is gaining considerable ground. It can be used for several applications in various industries such as food & beverages, agricultural, textile, building & construction, and glass. The use of plastic straps is increasing due to their lightweight and low cost. Emerging nations such as India and China, are setting a wider field for the plastic straps market to explore and profit.
The market study is broken down by Type (Polyester Straps, Polypropylene Straps, Nylon Straps and Others (Composites Straps, and Textile Straps)), by Application (Packaging and Bundling) and major geographies with country level break-up. According to AMA, the Global Plastic Straps market is expected to see growth rate of 17.5%
Research Analyst at AMA estimates that Vendors from United States will contribute to the maximum growth of Global Plastic Straps market throughout the predicted period.
Crown Holdings (United States), Teufelberger (Austria), Fromm Packaging Systems (United States), Messersì Packaging (Italy), Polychem Corporation (United States), Scientex Berhad (Malaysia), Mosca Direct Limited (United Kingdom), Dubose Strapping (United States), PAC Strapping Products (United Sates) and Auto Strap (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Linder Seevetal (Germany), Cyclop Nederland B.V. (Netherlands), CONSENT (UAE) and Embalcer (Portugal).
AdvanceMarketAnalytics has segmented the market of Global Plastic Straps market by Type, Application and Region.
On the basis of geography, the market of Plastic Straps 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). If we see Market by Pattern, the sub-segment i.e. Plain will boost the Plastic Straps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Color, the sub-segment i.e. White will boost the Plastic Straps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Offline (Manufacturers, Wholesalers, Retailers) will boost the Plastic Straps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Width, the sub-segment i.e. 5 mm – 10 mm will boost the Plastic Straps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Food & Beverage will boost the Plastic Straps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In August 2019, Teufelberger has launched innovative and sustainable PP strap which led to a new technology. It is the basis for the innovative product TEWE SoPRIM, a 5 mm strapping band. TEWE SoPRIM requires fewer raw materials with improved running characteristics as well as convinces, especially in the newspaper and corrugated industry.
United Nations Environment Program and the World Resources Institute offers new insight on the global movement to curb single-use plastics. Also, the federal government has asserted its authority to regulate food, drug, and cosmetic packaging to preserve consumer safety and confidence. There have also been a number of regulatory programs introduced by states or local jurisdictions to reduce the use and disposal of certain packaging materials and mandate minimum recycling requirements.
- Development of Bio- Based Plastics Straps
- High adoption of plastic straps in logistic, packaging, and construction industries is driving the market growth.
- Growing Demand for Lightweight Straps and Low-Cost Alternative to Other Materials
- Rising Demand in Major Economies such as India and China
- Rapid Rise in Packaging and Construction Industry in Developing Countries
- Fluctuating Prices of Raw Materials
- Environmental Rules and Regulations by Various Countries Governments
- New Entrants in the Market
Key Target AudiencePlastic Straps Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers, Distributors, and Suppliers of Plastics Straps, End-use Industries and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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