Global Plastic Strapping Market Growth 2023-2029

Global Plastic Strapping Market Growth 2023-2029

According to our (LP Info Research) latest study, the global Plastic Strapping market size was valued at US$ 1585.2 million in 2022. With growing demand in downstream market and recovery from influence of COVID-19 and the Russia-Ukraine War, the Plastic Strapping is forecast to a readjusted size of US$ 2067.8 million by 2029 with a CAGR of 3.9% during review period.

The research report highlights the growth potential of the global Plastic Strapping market. With recovery from influence of COVID-19 and the Russia-Ukraine War, Plastic Strapping are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Plastic Strapping. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Plastic Strapping market.

Plastic strapping is a high tensile strength banding material that is used in a wide variety of packaging applications including carton closing, bundling, plastic tote security, and tying together (unitizing) both palletized and unpalletized materials for in-plant transfer and shipment. Plastic strapping is economical, offers a unique combination of high strength with elasticity, is material-efficient and recyclable. Plastic straps are moisture-resistant and are effective across a wide temperature range. Plastic strapping can be used for outdoor storage for limited periods with UV stable grades available where extended environmental stability is needed.

Global Plastic Strapping key players include Signode, GREENBRIDGE, Teufelberger，FROMM Group and Samuel Strapping. Global top five manufacturers hold a share over 30%.

Asia-Pacific is the largest market, with a share about 52%, followed by Europe and North America, both have a share about 20 percent.

In terms of product, PET Strapping is the largest segment, with a share nearly 55%. And in terms of application, the largest application is Construction Materials, followed by Wood and Paper.

Key Features:

The report on Plastic Strapping market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Plastic Strapping market. It may include historical data, market segmentation by Type (e.g., PP Strapping, PET Strapping), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Plastic Strapping market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Plastic Strapping market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Plastic Strapping industry. This include advancements in Plastic Strapping technology, Plastic Strapping new entrants, Plastic Strapping new investment, and other innovations that are shaping the future of Plastic Strapping.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Plastic Strapping market. It includes factors influencing customer ' purchasing decisions, preferences for Plastic Strapping product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Plastic Strapping market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Plastic Strapping market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Plastic Strapping market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Plastic Strapping industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Plastic Strapping market.

Market Segmentation:

Plastic Strapping market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
PP Strapping
PET Strapping

Segmentation by application
Wood
Paper
Food and Beverage
Textile
Construction Materials
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Signode
GREENBRIDGE
Teufelberger
FROMM Group
Samuel Strapping
Cyklop
Youngsun
Cordstrap
Scientex Berhad
Polivektris
Tsukasa Chemical Industry Co
SORSA
Strapack
EMBALCER
Linder
STEK
Hiroyuki Industries
Mosca
Baole
STRAPA

Key Questions Addressed in this Report

What is the 10-year outlook for the global Plastic Strapping market?

What factors are driving Plastic Strapping market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Plastic Strapping market opportunities vary by end market size?

How does Plastic Strapping break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.