[Research Report] The plastic straps market was valued at US$ 1,802.47 million in 2019 and is projected to reach US$ 5,714.12 million by 2027; it is expected to grow at a CAGR of 15.7% from 2020 to 2027.
The demand for plastic straps is growing on account of surge in demand for better packaging and logistics industry across the globe. Further, rise in paper and construction industry provide a growth opportunity for the plastic straps market. Additionally, the growth of plastic straps market is driven by the increasing use of plastic straps in the paper, steel, and bricks & tiles industries. Plastic strapping materials are produced from polypropylene, polyester, and are available in a wide variety of styles, strengths, and finishes.
The North America region possesses the largest share in the global plastic straps market. The largest market share of the North America region is primarily attributed to the rise in production and consumption of plastic straps market in developed and developing economies of North America. US is considered to be one of the largest markets where the demand and production of plastic straps is significantly high. The other economies following the growth pattern of plastic straps market includes Canada and Mexico. North America region significantly contributes to the growth of the plastic straps market owing to factors such as rapid urbanization along with growing inclination towards better logistics and packaging industry advanced products backed by rise in disposable income. Apart from this, the presence of major manufacturers in the region which is substantially driving the growth of plastic straps market in the region.
The US, Brazil, India, Russia, South Africa, Mexico, Spain, and the UK are among the most affected countries in terms of confirmed cases and reported deaths as of August 2020. COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global chemical and materials industry are one of the major industries suffering serious disruptions such as supply chain breaks, disruptions in manufacturing due to COVID-19 outbreak. For instance, China is the global hub of manufacturing and the largest raw material supplier for various industries. The lockdown of various plants and factories in China and leading regions such as Asia Pacific and Europe are affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods. All these factors have greatly affected the global plastic straps market.
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Plastic Straps Market: Strategic Insights
Market Size Value in US$ 1,802.47 Million in 2019 Market Size Value by US$ 5,714.12 Million by 2027 Growth rate CAGR of 15.7% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Plastic Straps Market: Strategic Insights
| Market Size Value in | US$ 1,802.47 Million in 2019 |
| Market Size Value by | US$ 5,714.12 Million by 2027 |
| Growth rate | CAGR of 15.7% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Market Insights
Development of Bio- Based Plastics Driving Market Growth
The development of bio-based plastics is one of the major trends seen in the global plastic straps industry. Demand for biodegradable plastic products is growing rapidly in industrial and consumer goods applications, especially in the packaging industry. Bio-based plastics, which are made of biodegradable base materials used in bio-based plastic straps, have further extended the scope of plastic straps in the industrial and consumer goods industries. The growing demand for waste management has also given a boost to the bio-based plastics industry. As bio-based and sustainable raw materials are emerging in emerging markets, bio-based plastics are expected to be useful in different new applications in the future. Nowadays, some companies are adopting eco- friendly plastic strappings for environmentally conscious and improve the packaging process. PET strapping is made entirely from PET bottles, which are collected and distributed to the economy by converting them into new products.
Type Insights
Based on type, the plastic straps market is segmented into polyester straps, polypropylene straps, nylon straps, paper straps, composite straps, and corded & woven straps. The polypropylene straps segment accounted for the largest share of the global market in 2019; whereas, the polyester straps segment is expected to grow at the highest CAGR during the forecast period. The polyester straps have emerged as a feasible option to steel strapping as there was a problem of corrosion with steel, but with the advent of the polyester strap, it has been tackled. Earlier, steel strapping was used to wrap the products until polyester straps were introduced in the market. However, this resulted in the deteriorating quality of products packed with it as steel tends to corrode. This had a detrimental effect on the transportation industry and other allied industries. Due to this, the market for alternative strapping solutions began to emerge, which also had to be light and gentle. As a feasible alternative to steel strapping, this has led to an increase in the use of polyester straps. Manufacturers have been agile in capitalizing on the advantages of polyester strapping, and, as a result, there is increased demand for polyester straps in the market. There is an increasing demand for polyester straps in the North America region because polyester straps serve as a durable, low-cost solution in the automobile industry. Also, polyester straps are cheaper and cost-effective than other strapping solutions, especially steel strapping.
End Use Insights
Based on end use, the plastic straps market is segmented into fiber, steel, cotton, paper, and bricks and tiles. The paper segment accounted for the largest share of the market in 2019, whereas the cotton segment is expected to register the highest CAGR during the forecast period. Cotton is non-abrasive and soft enough to make a tight grip on the buckles. Owing to the smooth, non-abrasive properties of cotton fiber, cotton is still commonly used in clothing and home furnishings. Cotton webbing belts and straps can be used in many places and industries, also. It is used for the production of straps, belts, and tie-downs. There is a growing of plastic straps for packaging containers and boxes of cotton bale for better safety of the product.
Mergers and acquisition and research and development are commonly adopted by companies to expand their footprint worldwide, which is further impacting the size of the market. Teufelberger Stralsund GmbH, Cyklop International, FROMM Group, Polychem Corporation, and Crown Holdings, Inc. are amongst the major market players operating in the plastic straps market. These companies offer their products worldwide, which helps them in catering to a wider customer base. These major players in the market are highly focused on the development of high quality and innovative products to fulfill the customer’s requirements.
Report Spotlights
- Progressive industry trends in the global plastic straps market that help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the plastic straps market from 2017 to 2027
- Estimation of global plastic straps demand across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and global plastic straps demand
- Market trends and outlook, and factors driving and restraining the growth of the market
- Understanding of strategies that underpin commercial interest with regard to global plastic straps market growth, which facilitates effective decision-making process
- Plastic straps market size at various nodes of market
- Detailed overview and segmentation of the market, as well as dynamics in the industry
- Global plastic straps market size in various regions with promising growth opportunities in the these regions
Plastic Straps Market Report Scope
Plastic Straps Market, by Type
- Polyester Straps
- Polypropylene Straps
- Nylon Straps
- Paper Straps
- Composite Straps
- Corded and Woven Straps
Plastic Straps Market, by End Use
- Fiber
- Steel
- Cotton
- Paper
- Bricks and Tiles
- Others
Company Profiles
- Teufelberger Stralsund GmbH
- Cyklop International
- FROMM Group
- Auto Strap India
- CONSENT L.L.C
- DuBose Strapping, Inc.
- LINDER GmbH
- PAC Strapping Products, Inc.
- Crown Holdings, Inc.
- Polychem Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and End Use , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Mergers and acquisition and research and development are commonly adopted by companies to expand their footprint worldwide, which is further impacting the size of the market. Teufelberger Stralsund GmbH, Cyklop International, FROMM Group, Polychem Corporation, and Crown Holdings, Inc. are amongst the major market players operating in the plastic straps market. These companies offer their products worldwide, which helps them in catering to a wider customer base. These major players in the market are highly focused on the development of high quality and innovative products to fulfill the customer’s requirements.
The development of bio-based plastics is one of the major trends seen in the global plastic straps industry. Demand for biodegradable plastic products is growing rapidly in industrial and consumer goods applications, especially in the packaging industry. Bio-based plastics, which are made of biodegradable base materials used in bio-based plastic straps, have further extended the scope of plastic straps in the industrial and consumer goods industries. The growing demand for waste management has also given a boost to the bio-based plastics industry. Nowadays, some companies are adopting eco- friendly plastic strappings for environmentally conscious and improve the packaging process. PET strapping is made entirely from PET bottles, which are collected and distributed to the economy by converting them into new products.
In 2019, North America region possesses the largest share in the global plastic straps market. The largest market share of the North America region is primarily attributed to the rise in production and consumption of plastic straps market in developed and developing economies of North America. US is considered to be one of the largest markets where the demand and production of plastic straps is significantly high. The other economies following the growth pattern of plastic straps market includes Canada and Mexico.
The major players operating in the global plastic strap market are Auto Strap India; CONSENT L.L.C; Cyklop International; DuBose Strapping, Inc.; FROMM Group; LINDER GmbH; Crown Holdings, Inc.; PAC Strapping Products, Inc.; Polychem Corporation; Teufelberger Stralsund GmbH and among others.
The polypropylene straps segment accounted for the largest share of the global market in 2019; whereas, the polyester straps segment is expected to grow at the highest CAGR during the forecast period. The polyester straps have emerged as a feasible option to steel strapping as there was a problem of corrosion with steel, but with the advent of the polyester strap, it has been tackled.
cotton segment is expected to register the highest CAGR during the forecast period. Cotton is non-abrasive and soft enough to make a tight grip on the buckles. Owing to the smooth, non-abrasive properties of cotton fiber, cotton is still commonly used in clothing and home furnishings. Cotton webbing belts and straps can be used in many places and industries, also. It is used for the production of straps, belts, and tie-downs. There is a growing of plastic straps for packaging containers and boxes of cotton bale for better safety of the product.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Plastic Straps Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
5. Plastic Straps Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising preference for lightweight and low-cost strapping materials
5.1.2 Growing demand in Key Markets Such As India and China
5.2 Restraint
5.2.1 Environmental Pollution and Waste Management
5.3 Opportunity
5.3.1 Surging Construction Industry in Developing Countries
5.4 Future Trend
5.4.1 Development of Bio- Based Plastics
5.5 Impact Analysis of Drivers and Restraints
6. Plastic Straps– Global Market Analysis
6.1 Plastic Straps Market Overview
6.2 Plastic Straps Market–Revenue and Forecast to 2027 (US$ Mn)
6.3 Competitive Positioning – Key Market Players
7. Plastic Straps Market Analysis – By Product Type
7.1 Overview
7.2 Plastic Straps Market, By Type (2019 and 2027)
7.3 Polyester Straps
7.3.1 Overview
7.3.2 Polyester Straps: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
7.4 Polypropylene Straps
7.4.1 Overview
7.4.2 Polypropylene Straps: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
7.5 Nylon Straps
7.5.1 Overview
7.5.2 Nylon Straps: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
7.6 Paper Straps
7.6.1 Overview
7.6.2 Paper Straps: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
7.7 Composite Straps
7.7.1 Overview
7.7.2 Composite Straps: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
7.8 Corded and Woven Straps
7.8.1 Overview
7.8.2 Corded and Woven Straps: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
8. Plastic Straps Market Analysis – By End Use
8.1 Overview
8.2 Plastic Straps Market, By End Use (2019 and 2027)
8.3 Fiber
8.3.1 Overview
8.3.2 Fiber: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
8.4 Steel
8.4.1 Overview
8.4.2 Steel: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
8.5 Cotton
8.5.1 Cotton: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
8.6 Paper
8.6.1 Paper: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
8.7 Bricks and Tiles
8.7.1 Overview
8.7.2 Bricks and Tiles: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Others: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
9. Plastic Straps Market – Geographic Analysis
9.1 Overview
9.2 North America: Plastic Straps Market
9.2.1 North America: Plastic Straps Market – Revenue and Forecast to 2027(US$ Mn)
9.2.2 North America: Plastic Straps Market, by Type
9.2.3 North America: Plastic Straps Market, by End-Use
9.2.4 North America: Plastic Straps Market, by Key Country
9.2.4.1 US: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.2.4.1.1 US: Plastic Straps Market, by Type
9.2.4.1.2 US: Plastic Straps Market, by End-Use
9.2.4.2 Canada: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.2.4.2.1 Canada: Plastic Straps Market, by Type
9.2.4.2.2 Canada: Plastic Straps Market, by End-Use
9.2.4.3 Mexico: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.2.4.3.1 Mexico: Plastic Straps Market, by Type
9.2.4.3.2 Mexico: Plastic Straps Market, by End-Use
9.3 Europe: Plastic Straps Market
9.3.1 Europe: Plastic Straps Market – Revenue and Forecast to 2027(US$ Mn)
9.3.2 Europe: Plastic Straps Market, by Type
9.3.3 Europe: Plastic Straps Market, by End-Use
9.3.4 Europe: Plastic Straps Market, by Key Country
9.3.4.1 Germany: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.3.4.1.1 Germany: Plastic Straps Market, by Type
9.3.4.1.2 Germany: Plastic Straps Market, by End-Use
9.3.4.2 France: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.3.4.2.1 France: Plastic Straps Market, by Type
9.3.4.2.2 France: Plastic Straps Market, by End-Use
9.3.4.3 Italy: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.3.4.3.1 Italy: Plastic Straps Market, by Type
9.3.4.3.2 Italy: Plastic Straps Market, by End-Use
9.3.4.4 UK: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.3.4.4.1 UK: Plastic Straps Market, by Type
9.3.4.4.2 UK: Plastic Straps Market, by End-Use
9.3.4.5 Russia: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.3.4.5.1 Russia: Plastic Straps Market, by Type
9.3.4.5.2 Russia: Plastic Straps Market, by End-Use
9.3.4.6 Rest of Europe: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.3.4.6.1 Rest of Europe: Plastic Straps Market, by Type
9.3.4.6.2 Rest of Europe: Plastic Straps Market, by End-Use
9.4 Asia Pacific: Plastic Straps Market
9.4.1 Asia Pacific: Plastic Straps Market – Revenue and Forecast to 2027(US$ Mn)
9.4.2 Asia Pacific: Plastic Straps Market, by Type
9.4.3 Asia Pacific: Plastic Straps Market, by End-Use
9.4.4 Asia Pacific: Plastic Straps Market, by Key Country
9.4.4.1 Australia: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.4.4.1.1 Australia: Plastic Straps Market, by Type
9.4.4.1.2 Australia: Plastic Straps Market, by End-Use
9.4.4.2 China: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.4.4.2.1 China: Plastic Straps Market, by Type
9.4.4.2.2 China: Plastic Straps Market, by End-Use
9.4.4.3 Japan: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.4.4.3.1 Japan: Plastic Straps Market, by Type
9.4.4.3.2 Japan: Plastic Straps Market, by End-Use
9.4.4.4 India: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.4.4.4.1 India: Plastic Straps Market, by Type
9.4.4.4.2 India: Plastic Straps Market, by End-Use
9.4.4.5 South Korea: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.4.4.5.1 South Korea: Plastic Straps Market, by Type
9.4.4.5.2 South Korea: Plastic Straps Market, by End-Use
9.4.4.6 Rest of Asia Pacific: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.4.4.6.1 Rest of Asia Pacific: Plastic Straps Market, by Type
9.4.4.6.2 Rest of Asia Pacific: Plastic Straps Market, by End-Use
9.5 MEA: Plastic Straps Market
9.5.1 MEA: Plastic Straps Market –Revenue and Forecast to 2027(US$ Mn)
9.5.2 MEA: Plastic Straps Market, by Type
9.5.3 MEA: Plastic Straps Market, by End-Use
9.5.4 MEA: Plastic Straps Market, by Key Country
9.5.4.1 South Africa: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.5.4.1.1 South Africa: Plastic Straps Market, by Type
9.5.4.1.2 South Africa: Plastic Straps Market, by End-Use
9.5.4.2 Saudi Arabia: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.5.4.2.1 Saudi Arabia: Plastic Straps Market, by Type
9.5.4.2.2 Saudi Arabia: Plastic Straps Market, by End-Use
9.5.4.3 UAE: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.5.4.3.1 UAE: Plastic Straps Market, by Type
9.5.4.3.2 UAE: Plastic Straps Market, by End-Use
9.5.4.4 Rest of MEA: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.5.4.4.1 Rest of MEA: Plastic Straps Market, by Type
9.5.4.4.2 Rest of MEA: Plastic Straps Market, by End-Use
9.6 South America: Plastic Straps Market
9.6.1 South America: Plastic Straps Market –Revenue and Forecast to 2027(US$ Mn)
9.6.2 South America: Plastic Straps Market, by Type
9.6.3 South America: Plastic Straps Market, by End-Use
9.6.4 South America: Plastic Straps Market, by Key Country
9.6.4.1 Brazil: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.6.4.1.1 Brazil: Plastic Straps Market, by Type
9.6.4.1.2 Brazil: Plastic Straps Market, by End-Use
9.6.4.2 Argentina: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.6.4.2.1 Argentina: Plastic Straps Market, by Type
9.6.4.2.2 Argentina: Plastic Straps Market, by End-Use
9.6.4.3 Rest of South America: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.6.4.3.1 Rest of South America: Plastic Straps Market, by Type
9.6.4.3.2 Rest of South America: Plastic Straps Market, by End-Use
10. Overview- Impact of COVID-19
11. Impact of COVID-19 Pandemic on Global Plastic Straps Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia-Pacific: Impact assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.5 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Product News
12.2 Mergers and Acquisitions
13. Company Profiles
13.1 Auto Strap India
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.2 CONSENT L.L.C
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.3 Cyklop International
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.4 DuBose Strapping, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.5 FROMM Group
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 LINDER GmbH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.7 Crown Holdings, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.8 PAC Strapping Products, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.9 Polychem Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.10 Teufelberger Stralsund GmbH
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. North America Plastic Straps Market, by Type– Revenue and Forecast to 2027 (USD Mn)
Table 3. North America Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 4. US Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 5. US Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 6. Canada Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 7. Canada Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 8. Mexico Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 9. Mexico Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 10. Europe Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 11. Europe Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 12. Germany Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 13. Germany Plastic Straps Market, by Fiber End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 14. France Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 15. France Plastic Straps Market, by Fiber Product Type – Revenue and Forecast to 2027 (USD Mn)
Table 16. Italy Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 17. Italy Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 18. UK Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 19. UK Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 20. Russia Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 21. Russia Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 22. Rest of Europe Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 23. Rest of Europe Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 24. Asia Pacific Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 25. Asia Pacific Plastic straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 26. Australia Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 27. Australia Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 28. China Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 29. China Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 30. Japan Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 31. Japan Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 32. India Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 33. India Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 34. South Korea Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 35. South Korea Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 36. Rest of Asia Pacific Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 37. Rest of Asia Pacific Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 38. MEA Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 39. MEA Plastic Straps Market, by End-Use– Revenue and Forecast to 2027 (USD Mn)
Table 40. South Africa Plastic Straps Market, by Type– Revenue and Forecast to 2027 (USD Mn)
Table 41. South Africa Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 42. Saudi Arabia Plastic Straps Market, by Type– Revenue and Forecast to 2027 (USD Mn)
Table 43. Saudi Arabia Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 44. UAE Plastic Straps Market, by Type– Revenue and Forecast to 2027 (USD Mn)
Table 45. UAE Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 46. Rest of MEA Plastic Straps Market, by Type– Revenue and Forecast to 2027 (USD Mn)
Table 47. Rest of MEA Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 48. South America Plastic Straps Market, by Type– Revenue and Forecast to 2027 (USD Mn)
Table 49. South America Plastic Straps Market, by End-Use– Revenue and Forecast to 2027 (USD Mn)
Table 50. Brazil Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 51. Brazil Plastic Straps Market, by End-Use– Revenue and Forecast to 2027 (USD Mn)
Table 52. Argentina Plastic Straps Market, by Type– Revenue and Forecast to 2027 (USD Mn)
Table 53. Argentina Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 54. Rest of South America Plastic Straps Market, by Type– Revenue and Forecast to 2027 (USD Mn)
Table 55. Rest of South America Plastic Straps Market, by End-Use– Revenue and Forecast to 2027 (USD Mn)
Table 56. Glossary of Terms, Global Plastic Straps Market
LIST OF FIGURES
Figure 1. Plastic Straps Market Segmentation
Figure 2. Plastic Straps Market Segmentation – By Geography
Figure 3. Global Plastic Straps Market Overview
Figure 4. Polypropylene Segment Held Largest Share of Global Plastic Straps Market
Figure 5. North America Region Held Largest Share of Global Plastic Straps Market
Figure 6. Global Plastic Straps Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 1. Expert Opinion
Figure 2. Plastic Straps Market Impact Analysis of Drivers and Restraints
Figure 3. Geographic Overview of Plastic Straps Market
Figure 4. Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 5. Plastic Straps Market Revenue Share, By Type (2019 and 2027)
Figure 6. Polyester Straps: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 7. Polypropylene Straps: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 8. Nylon Straps: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 9. Paper Straps: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 10. Composite Straps: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 11. Corded and Woven Straps: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 12. Plastic Straps Market Revenue Share, By End Use (2019 and 2027)
Figure 13. Fiber: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 14. Steel: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 15. Cotton: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 16. Paper: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 17. Bricks and Tiles: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 18. Others: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 19. Global Plastic Straps Market Revenue Share, by Region (2018 and 2027)
Figure 20. North America: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 21. North America: Plastic Straps Market Revenue Share, by Type(2018 and 2027)
Figure 22. North America: Plastic Straps Market Revenue Share, by End-Use (2018 and 2027)
Figure 23. North America: Plastic Straps Market Revenue Share, by Key Country (2018 and 2027)
Figure 24. US: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Canada: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Mexico: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Europe: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Europe: Plastic Straps Market Revenue Share, by Type (2018 and 2027)
Figure 29. Europe: Plastic Straps Market Revenue Share, by End-Use (2018 and 2027)
Figure 30. Europe: Plastic Straps Market Revenue Share, by Key Country (2018 and 2027)
Figure 31. Germany: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 32. France: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 33. Italy: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 34. UK: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 35. Russia: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 36. Rest of Europe: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 37. Asia Pacific: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 38. Asia Pacific: Plastic Straps Market Revenue Share, by Type (2018 and 2027)
Figure 39. Asia Pacific: Plastic straps Market Revenue Share, by End-Use (2018 and 2027)
Figure 40. Asia Pacific: Plastic Straps Market Revenue Share, by Key Country (2018 and 2027)
Figure 41. Australia: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 42. China: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 43. Japan: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 44. India: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 45. South Korea: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 46. Rest of Asia Pacific: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 47. MEA: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 48. MEA: Plastic Straps Market Revenue Share, by Type (2018 and 2027)
Figure 49. MEA: Plastic Straps Market Revenue Share, by End-Use (2018 and 2027)
Figure 50. MEA: Plastic Straps Market Revenue Share, by Key Country (2018 and 2027)
Figure 51. South Africa: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 52. Saudi Arabia: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 53. UAE: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 54. Rest of MEA: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 55. South America: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 56. South America: Plastic Straps Market Revenue Share, by Type (2018 and 2027)
Figure 57. South America: Plastic Straps Market Revenue Share, by End-Use (2018 and 2027)
Figure 58. South America: Plastic Straps Market Revenue Share, by Key Country (2018 and 2027)
Figure 59. Brazil: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 60. Argentina: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 61. Rest of South America: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 62. IMPACT OF COVID-19 PANDEMIC IN NORTH AMERICAN COUNTRY MARKETS
Figure 63. IMPACT OF COVID-19 PANDEMIC IN EUROPE COUNTRY MARKETS
Figure 64. IMPACT OF COVID-19 PANDEMIC IN ASIA PACIFIC COUNTRY MARKETS
Figure 65. IMPACT OF COVID-19 PANDEMIC IN MIDDLE EAST AND AFRICA COUNTRY MARKETS
Figure 66. IMPACT OF COVID-19 PANDEMIC IN SOUTH AMERICA COUNTRY MARKETS
The List of Companies - Plastic Straps Market
- Auto Strap
- Consent L.L.C
- Crown Holdings, INC.
- Cyklop Nederland B.V.
- Dubose Strapping INC.
- FROMM PACKAGING
- Linder GMBH
- PAC Strapping Products, INC.
- Polychem Corporation
- Teufelberger Holding Aktiengesellschaft
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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