Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 1,018.20 Billion |
| USD 1,557.88 Billion | |
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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
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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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.) and Messersì Packaging S.r.l. (Switzerland)
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Market Opportunities
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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.
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
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.
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
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
The increasing usages of traditional and existing approach will create hindrances for the growth of the polyester strap 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.
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
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
Width
Break Strength
Thickness
Application
End-Use Industry
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.
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
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Polyester Strap Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Polyester Strap Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.