Plastic strapping materials are made from polypropylene, polyester, and are available in a variety of strengths, styles, and finishes. Unlike steel strapping, elongation and recovery are a key factor for deciding which type of plastic strap to use. Plastic strapping materials find application in various industries such as food & beverages, automotive, transportation & logistics, building & construction, textile and others.
MARKET SCOPE
The "Global Plastic Strapping Materials Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the plastic strapping materials market with detailed market segmentation by material, end use and geography. The report provides key statistics on the market status of the leading plastic strapping materials market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on material, the global plastic strapping materials market is segmented into polyester, composite, polypropylene, and others.
- Based on end use, the global plastic strapping materials market is segmented into steel, textile, paper, fiber, and others.
MARKET DYNAMICS
Drivers:
- Economical and secure unitizing solution for strapping as compared to steel strapping.
- Plastic strapping materials are easy to handle and can be removed or attached manually.
- Production of recycled plastic strapping materials helps to decrease the cost of manufacturing which can provide a competitive edge in the plastic strapping materials market.
- Rising R&D activities drive the plastic strapping materials market.
Restraints
- Relatively higher price of the material used.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The plastic strapping materials market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the plastic strapping materials market in these regions.
IMPACT OF COVID-19 ON PLASTIC STRAPPING MATERIALS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the plastic strapping materials market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from plastic strapping materials market are anticipated to lucrative growth opportunities in the future with the rising demand for plastic strapping materials in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the plastic strapping materials market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Samuel, Son & Co., Limited
- SIGNODE INDUSTRIAL GROUP
- Scientex Berhad
- Teufelberger Holding AG
- M. J. Maillis group
- Hangzhou Youngsun Intelligent Equipment Co Ltd
- FROMM Holding AG
- GRANITOL
- Messersi' Packaging Srl
- Dynaric Inc.