Plastic Strapping Materials Market Introduction and Overview
According to SPER Market Research, the Global Plastic Strapping Materials Market is estimated to reach USD 1.68 billion by 2033 with a CAGR of 6.9%.
The report includes an in-depth analysis of the Global Plastic Strapping Materials Market, including market size and trends, product mix, applications, and supplier analysis. Plastic strapping is available in a variety of materials, including polypropylene, polyester, and composite. Plastic strapping materials are used in a variety of industries, including food and beverage, automotive, transportation and logistics, building and construction, textile and others. Polypropylene is the most extensively used plastic strapping material by end-user industries due to its ease of availability and compatibility with the majority of applications. Because of its great breaking strength, polyester strapping is employed in heavy load applications. Composite strapping is comprised of polyester and polypropylene, which gives the plastic strapping material additional tenacity and breaking strength.
- April 2022: Teufel Berger, an Austrian packaging company, announced the acquisition of Maillis Plastics Solutions, a Polish packaging company, in order to broaden the business process and so gain a bigger customer base. This acquisition considerably expands the plastics processing business and ensures high strapping performance.
- October 2021: Sing ode debuted the SGP strapping machine series at the PACK EXPO in Las Vegas. Signode's new strapping machines are designed to increase production by simulating a pressurised wash-down environment. The SGP automated machine has a close strap arch system, an automatic strap feeder, and automatic strap end ejection for cycles without product.
Market Opportunities and Challenges
Plastic strapping materials market has been steadily growing over the last three years, owing to a more cost-effective and secure unitizing solution for strapping than steel strapping. Steel strapping is difficult to handle manually because of its sharp edges, and it can be dangerous to a strapping operator. Plastic strapping materials are lightweight and can be removed or attached by hand. Plastic strapping materials are preferred over steel strapping materials in the food and beverage industry due to their non-corrosive nature. Steel strapping, due to its corrosive qualities, can harm food products. Plastic wrapping films are keeping the plastic strapping materials industry growing.
The most significant concern for strapping materials is a drop in plastic resin output due to global supply chain disruptions. This will result in a shortage of plastics for strapping material manufacture, posing a threat to the strapping materials market. The vulnerability of these straps to environmental variables is one of the primary limitations in the plastic straps industry. Because these straps are non-biodegradable, they have detrimental environmental consequences. Improper handling and disposal of these straps after use can result in plastic trash, which has serious environmental repercussions, including land degradation.
Market Competitive Landscape
The major players in the Global Plastic Strapping Materials Market include: 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.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By End User.
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | 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.
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COVID-19 Impact on Global Plastic Strapping Materials Market
The influence of COVID-19 accelerated the expansion of the strapping materials market. This is owing to an increase in strapping material demand in numerous industries such as logistics and warehousing, pulp and paper, and others. Due to the expansion of e-commerce, there was an increase in demand for logistics and warehousing during covid. According to the United Nations Conference on Trade and Development, e-commerce's share of global retail trade will rise to 17% in 2020 from 14% in 2019.This will raise the need for strapping materials because strapping materials are required in the packaging of commodities such as newspapers, pipes, and other items. Corrugated boxes also use strapping materials. The Federation of Corrugated Box Manufacturers claims Corrugated boxes have become more popular as a result of the rise of e-commerce.
Key Target Audience
- End-use Industries
- Government and Regional Agencies and Research Organizations
- Investment Research Firms
- Manufacturers of Plastic Straps
- Providers of Technologies Used for Manufacturing Plastic Straps
- Raw Material Suppliers
- Traders, Distributors, and Suppliers of Plastics Straps
Our in-depth analysis of the Plastic Strapping Materials Market includes the following segments:
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By Type:
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Polyester Straps
Polypropylene Straps
Nylon Straps
Others (Paper Straps, Composites Straps, and Corded & Woven Straps)
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By End User:
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Paper
Steel
Bricks & Tiles
Fiber
Cotton
Others (Print and Corrugated Boards)
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By Region:
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Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
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Key Topics Covered in the Report
- Global Plastic Strapping Materials Market Size (FY’2023-FY’2033)
- Overview of Global Plastic Strapping Materials Market
- Segmentation of Global Plastic Strapping Materials Market By Type (Polyester Straps, Polypropylene Straps, Nylon Straps, Other)
- Segmentation of Global Plastic Strapping Materials Market By End User (Paper
- Steel, Bricks & Tiles, Fiber, Cotton, Others)
- Statistical Snap of Global Plastic Strapping Materials Market
- Expansion Analysis of Global Plastic Strapping Materials Market
- Problems and Obstacles in Global Plastic Strapping Materials Market
- Competitive Landscape in the Global Plastic Strapping Materials Market
- Impact of COVID-19 and Demonetization on Global Plastic Strapping Materials Market
- Details on Current Investment in Global Plastic Strapping Materials Market
- Competitive Analysis of Global Plastic Strapping Materials Market
- Prominent Players in the Global Plastic Strapping Materials Market
- SWOT Analysis of Global Plastic Strapping Materials Market
- Global Plastic Strapping Materials Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Plastic Strapping Materials Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Plastic Strapping Materials Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Plastic Strapping Materials Market
7. Global Plastic Strapping Materials Market, By Type (USD Million)
7.1. Global Plastic Strapping Materials Market Value Share and Forecast, By Type, 2023-2033
7.2. Polyester Straps
7.3. Polypropylene Straps
7.4. Nylon Straps
7.5. Others (Paper Straps, Composites Straps, and Corded & Woven Straps)
8. Global Plastic Strapping Materials Market, By End User (USD Million)
8.1. Global Plastic Strapping Materials Market Value Share and Forecast, By End User, 2023-2033
8.2. Paper
8.3. Steel
8.4. Bricks & Tiles
8.5. Fiber
8.6. Cotton
8.7. Others (Print and Corrugated Boards)
9. Global Plastic Strapping Materials Market Forecast, 2019-2033 (USD Million)
9.1. Global Plastic Strapping Materials Market Size and Market Share
10. Global Plastic Strapping Materials Market, By Type 2019-2033 (USD Million)
10.1. Global Plastic Strapping Materials Market Size and Market Share By Type (2019-2026)
10.2. Global Plastic Strapping Materials Market Size and Market Share By Type (2027-2033)
11. Global Plastic Strapping Materials Market, By End User, 2019-2033 (USD Million)
11.1. Global Plastic Strapping Materials Market Size and Market Share By End User (2019-2026)
11.2. Global Plastic Strapping Materials Market Size and Market Share By End User (2027-2033)
12. Global Plastic Strapping Materials Market, By Region, 2019-2033 (USD Million)
12.1. Global Plastic Strapping Materials Market Size and Market Share By Region (2019-2026)
12.2. Global Plastic Strapping Materials Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. Auto Strap India
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Crown Holdings
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Dubose Strapping
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Fromm Packaging Systems
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Linder Seevetal
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Messer’s Packaging
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Mosca Direct Limited
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. PAC Strapping Products
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Polychem Corporation
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Scientex Ber had
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
