Strapping Materials Market Share, Revenue, Trends, Scope, Growth Drivers, Challenges and Future Investment Opportunities Till 2033


Strapping Materials Market Share, Revenue, Trends, Scope, Growth Drivers, Challenges and Future Investment Opportunities Till 2033: SPER Market Research

 Category : Chemical & Materials

 Published: Jan-2024
 Author: SPER Analyst

Plastic Strapping Materials Market is projected to be worth USD 1.68 billion by 2033 and is anticipated to surge at a CAGR of 6.9%.

Plastic straps are long, narrow plastic sheets. Such plastic strip variations are widely put at entrances in industrial settings and even public venues for climate control purposes. Most other plastic strip types are defined by their length and inflexibility. They're used for a range of items, including building trim, nail gun collators, furniture components, automotive trim, and so on. Rigid plastic strips can be made from a variety of plastic materials. Among them are high and low-density PET, polyethylene, polystyrene, and a range of other plastic polymers. Each material is selected for its strength, weather resistance, durability, and other key properties.

Global Plastic Strapping Materials Market Driving Factors and Challenges

The number of automotive manufacturers in the Indian market is steadily expanding. Plastic straps, such as polyester straps, are preferred over paper straps for packing construction supplies because they are more flexible and weather resistant, and they perform well under stress loading. As a result, they are used to pack construction materials such as clay bricks, plasterboards, roofing tiles, lumber, plywood and chipboard. Building construction has expanded dramatically in emerging nations such as China, India, and Africa, which is driving increasing demand for plastic straps.

Plastics are environmentally hazardous. They are not environmentally friendly because plastic products do not degrade naturally and can harm the environment if not properly disposed of or recycled. This has hindered their manufacturing. And, at the moment, buyers choose to use bio-based items, which help in realising customer potential while simultaneously posing risks and raising environmental consciousness. These factors are primarily influencing the global plastic straps market's growth. Polyester and polypropylene, both byproducts of crude oil, are frequently used as basic materials in the production of plastic straps. As a result, the price of raw materials used in the manufacture of plastic straps is affected by fluctuations in crude oil prices. 

Impact of COVID-19 on Global Plastic Strapping Materials Market
The COVID-19 epidemic wreaked havoc on the automotive and electronics industries. Import-export restrictions established by governments around the world caused significant delays in electronic item imports and exports. Furthermore, vehicle production has been disrupted during the last two years, resulting in severe losses across the automotive industry. According to the Association of European Automobile Manufacturers, demand for new commercial vehicles in the EU remained sluggish in June 2020 (-20%), but the rate of decline has slowed from April and May of 2020. 

Plastic Strapping Materials Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Auto Strap India Crown Holdings, Dubose Strapping, Fromm Packaging Systems, Linder Seevetal, Messer’s Packaging, Mosca Direct Limited, PAC Strapping Products, Polychem Corporation, Scientex Ber had.

Global Plastic Strapping Materials Market Segmentation:

By Type: Based on the Type, Global Plastic Strapping Materials Market is segmented as; Polyester Straps, Polypropylene Straps, Nylon Straps, Other.

By End User: Based on the End User, Global Plastic Strapping Materials Market is segmented as; Paper Steel, Bricks & Tiles, Fiber, Cotton, Others.

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Johnson & Johnson


Market Research

We are the leading, full-service global market research and consulting company.

iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]