Global Plastic Straps Market Size, Share, Growth, Trends, Analysis, Future Scope, CAGR by Type (Polyester Straps, Polypropylene Straps, Nylon Straps, and Others), by End-Use (Steel, Cotton, Paper, Fiber, Bricks & Tiles, and Others), and Region – Forecast to 2023
Plastic Straps Market Overview
The global plastic straps market is eyeing for a market valuation of USD 2581.1 million during the forecast period (2018-2023) which would be a substantial leap from its worth of USD 1280 million (2017). In doing so, the plastic straps market can also clock an impressive CAGR of 12.40% during the forecast period, reveals Market Research Future (MRFR). The report on the same market has its fingers on extensive researches regarding segments and drivers that can boost the coming years of the plastic straps market. Plastic straps are enjoying an advantage over the conventional metal straps owing to its reduced weight and cost-effectiveness. Furthermore, its demand in the emerging nations such as India and China are touching the sky which can be considered significant boosters for the market growth.
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However, the plastic straps market can experience a depressing growth run owing to its environmental impacts. Growing eco-awareness can put a leash on the projected plastic straps market growth during the forecast period. But bio-based plastic straps are evolving as potential gamechanger and can bring out the plastic straps market from any future whirlpools.
Prominent Plastic Straps Market influencers are Crown Holdings (The US), Polychem Corporation (The US), Teufelberger (Austria), FROMM Packaging (The US), Messersi Packaging (Italy), Dubose Strapping (The US), Auto Strap (India), and PAC Strapping (The US), Polychem Corporation (The US), Scientex Berhad(Malaysia) and others.
The global Plastic Straps Market is segmented by type and end-user.
By type, the plastic straps market can be segmented into polyester straps, polypropylene straps, nylon straps, and others.
Based on end-user, the plastic straps market can be segmented into steel, cotton, paper, fiber, bricks & tiles, and others.
Region-specific analysis of the global plastic straps market spans across North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
The APAC region is currently dominating the market, and as the predictions suggest, the situation is going to remain the same during the forecast period. The APAC can also achieve the fastest CAGR during the same period. China and India, two emerging nations with vast potentials and industrial revamping, can change the ballgame for the regional market growth.
North America is also expected to profit substantially from the market. The region can be deemed as a stronghold for several industries which can drive the plastic straps market in coming years. However, Europe’s market is anticipating some setbacks with growing eco-concern regarding the product. The region has strict environmental policies which can deter the growth rate. Other countries, such as Egypt, Brazil, and Argentina are showing significant market prospect with their industries getting set for a new dawn.
Global Plastic Straps Market by Type
Global Plastic Straps Market by End-users
Bricks & Tiles
Global Plastic Straps Market by Region
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
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