Global Polyester Strap Market – Industry Trends and Forecast to 2029

Global Polyester Strap Market, By Packing Grade (Hand Grade, Machine Grade), Width (5-15 mm, 15-25 mm, 25-35 mm, Above 35 mm), Break Strength (0-220 Kg, 220-300 Kg, 300-500 Kg, 500-1000 Kg, Above 1000 Kg), Thickness (Less than 0.50 mm, 50 mm - 0.75 mm, 75 mm - 1.00 mm, Above 1.00 mm), Application (Heavy Duty Bailing and Others, Bundling, Palletizing/ Load Unitizing), End-Use Industry (Food and Beverage, Pharmaceuticals, Electrical and Electronics, Automotive, Construction and Allied Industries, Paper and Allied Industries, Textiles and Apparels, Chemical and Fertilizers, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

The increase demand of polyester strap for the transportation of packaging materials, clothing, liquids and foods, building materials, and containers globally. They exhibit various advantageous properties such as high tensile strength, corrosion resistance, recyclability, tear resistance, high shock absorption ability, highly vigorous, UV light resistant and elasticity which increases its usage across end-users resulting in increased traction for the market.

The polyester strap market was valued at USD 1018.20 billion in 2021 and is expected to reach USD 1557.88 billion by 2029, registering a CAGR of 5.46% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

Report Scope and Market Segmentation

Market Definition

Polyester strap is a packaging solution highly utilized in transport and shipping sectors. It is generally used for safeguarding and transporting materials such as the iron bars, steel bars, wooden crates, cables, pipes, riling sheets and the coils. The polyester strap is also utilized for wrapping and unwrapping a product.

Polyester Strap Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Growth In Demand of Polyester Strap

The increasing usages of product in palletization and building material such as carton and bottles wrapping, easy availability of advanced and improves material, increasing demand of lightweight weight and cost effective straps which can be used multiple times are some of the factors which will likely to enhance the growth of the polyester strap market in the forecast period.

• Polyester Strap offer Various Benefits

The polyester straps are durable, safe, and highly vigorous and UV light resistant. These polyester straps are sustainable packaging solutions and do not cause unnecessary product wastage due to rust and damage like steel wraps. The polyester straps are also produced from polyethylene terephthalate and polypropylene compounds. The benefits offered by the polyester strap such as the high tensile strength, corrosion resistance, recyclability, tear resistance, high shock absorption ability and elasticity are estimated to largely boost the overall market growth.

Furthermore, the growth of e-commerce industry and prevalence of improved distribution channel will further propelled the growth rate of polyester strap market. Also, growth in the usage of polyester straps for seatbelts is projected to drive the polyester straps market share across the automotive industry over the forecast period. The polyester straps have also replaced nylon webbing as safety equipment in racing cars due to its augmented strength, and a lower rate of elongation under load, which will drive market value growth.

Opportunities

• Surge in Product Innovation and Awareness

The manufacturers are increasingly focusing towards the product innovation and development extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, rising awareness among consumers regarding supportable and environment-friendly packaging will further expand the future growth of the polyester strap market.

Restraints/Challenges

• Usage of Traditional Approach

The increasing usages of traditional and existing approach will create hindrances for the growth of the polyester strap market.

• Supply Chain Disruptions Will Pose a Threat to the Market

With the rising number of restrictions around the globe due to the pandemic, there has been a hit in the demand and supply of packaging solutions. Also, the fluctuations in raw materials prices will prove to be a demerit for the polyester strap market. Therefore, this will challenge the polyester strap market growth rate.   

This polyester strap market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polyester strap market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Polyester Strap Market

The recent outbreak of coronavirus had a significant influence on the polyester strap market. Disturbance of the supply chain of crude materials has brought about within the suspension of generation and conveyance of polyester strap.  Also, the production of various consumer goods and other products across the globe has come to a stop owing to the unavailability of crude materials, deficiency of labor, and other factors. The conveyance of polyester strap and related items is also likely to be antagonistically influenced amid  widespread  travel disturbances in a few geographies.

However, the major players and the manufacturers are a taking various steps such as redesigning of workflow processes in their manufacturing plants and distribution outlets as safeguard measures against the COVID-19 pandemic.

Recent Development

• In June 2021, D'Addario launched a naturally maintainable line of eco-comfort guitar straps. Unused straps are made utilizing reused materials, counting plastic and pre-consumer squander and colored utilizing eco-friendly E.Dye.
• In October 2021, Singode propelled SGP strapping machine arrangement at PACK EXPO in Las Vegas. Signode's modern strapping machines are planned to maximize efficiency, reenacting a pressurized wash-down environment. The SGP programmed machine highlights a near strap curve framework and utilizes a programmed strap feeder and programmed strap conclusion discharge for cycles without item.

Global Polyester Strap Market Scope

The polyester strap market is segmented on the basis of packing grade, width, break strength, thickness, end-use industry and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Packing Grade

• Hand Grade
• Machine Grade

 Width

• 5-15 mm
• 15-25 mm
• 25-35 mm
• Above 35 mm

 Break Strength

• 0-220 Kg
• 220-300 Kg
• 300-500 Kg
• 500-1000 Kg
• Above 1000 Kg

 Thickness

• Less than 0.50 mm
• 50 mm - 0.75 mm
• 75 mm - 1.00 mm
• Above 1.00 mm

Application

• Heavy Duty Bailing and Others
• Bundling
• Palletizing/ Load Unitizing

 End-Use Industry

• Food and Beverage
• Pharmaceuticals
• Electrical and Electronics
• Automotive
• Construction and Allied Industries
• Paper and Allied Industries
• Textiles and Apparels
• Chemical and Fertilizers
• Others

Polyester Strap Market Regional Analysis/Insights

The polyester strap market is analyzed and market size insights and trends are provided by country, packing grade, width, break strength, thickness, end-use industry and application as referenced above.

The countries covered in the polyester strap market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the polyester strap market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the growth of the logistics as well as transportation industry along with rising usages of polyester strap for strapping solutions within the region.

Asia-Pacific, on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the rising preferences towards polyester strap for strapping solutions in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Polyester Strap Market Share Analysis

The polyester strap market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polyester strap market.

Some of the major players operating in the polyester strap market are

• Crown (U.S.)
• Teufelberger (Austria)
• GREENBRIDGE (U.S.)
• FROMM Group (Switzerland)
• DuBose Strapping, Inc. (U.S.)
• Messersì Packaging S.r.l.  (Italy)
• Auto Strap (India)
• Polychem Corporation (U.S.)
• PAC Strapping Products, Inc (U.S.)
• Scientex Berhad(Malaysia)
• North Shore Strapping Inc. (U.S.)
• Signor Polymers (India)
• RUPAREL POLYSTRAP PVT. LTD. (India)
• CONSENT (UAE)
• LINDER Seevetal (Germany)
• Plastex (India)
• SA Bias Industries (Pty) Ltd. (South Africa)
• Samuel, Son & Co.,  (Canada)
• Trinity Group Limited (U.K.)
• Messersì Packaging S.r.l. (Switzerland)