Plastic Straps Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Plastic Straps Market is projected to grow from USD 1.32 billion in 2017 to USD 3.68 billion by 2027, at a CAGR of 18 % from 2021 to 2027.

Plastic straps are used for tying or banding. Bundling or banding is the process of joining, stabilizing, securing, strengthening, or securing items by applying straps. Straps are also called strapping. Steel strapping, which was used to bind heavy products in the past, has been in the spotlight as a strapping material as it introduces high tensile strength to plastic straps and continues to innovate. Plastic straps are used extensively in the packaging industry. Plastic straps allow goods to be transported from manufacturing facilities to end users or markets without damage. Plastic straps are used in many applications in a variety of industries such as building and construction, glass, food and beverage, agriculture and textiles. The use of plastic straps is increasing due to their light weight and low cost.

Market Segments

Plastic Straps Market, by Type:

• Polyester Straps
• Polypropylene Straps
• Nylon Straps

Plastic Straps Market, by End-use Industry:

• Paper
• Steel
• Bricks & Tiles
• Fiber
• Cotton

Key Players

Some of the major market players active in the plastic straps market include Crown Holdings (US), Polychem Corporation (US), Teufelberger (Austria), FROMM Packaging (US), Messersi Packaging (Italy), Dubose Strapping (US), Auto Strap (India), and PAC Strapping (US).

Scope of the Report

The research study analyzes the global Plastic Straps industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Plastic Straps Market Report

1. What was the Plastic Straps Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Plastic Straps Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Plastic Straps Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.