Global Strapping Materials Market, By Product Type (Steel, Polypropylene, Polyester), Application (Building & Construction, Food & Beverage, Metal, Newspaper & Graphics, Industrial Logistics, Corrugated Cardboard & Paper), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Strapping Materials Market
Strapping materials market will grow at a rate of 6.00% for the forecast period of 2021 to 2028. Increasing demand from healthcare, cosmetics, toiletries, food & beverages and household products is an essential factor driving the strapping materials market.
Plastic strapping is defined as a substitute for conventional packaging materials such as glass, aluminium, and tin that is used in the food and beverage, building & construction, and industrial logistics industry. The increased flexibility of plastic allows manufacturers to customize size and shape as per the packaging requirement of a consumer. Plastic strapping also helps in saving packaging space as compared to conventional packaging.
Increasing demand for medical devices, consumer electronics, household appliances, textile goods and pharmaceutical products, along with flourishing e-commerce industry and improved logistics operations is the major factor escalating the market growth, also increasing growth in mail orders and the logistics business, along with expansion of the e-commerce industry, increasing awareness among consumers regarding sustainable and environment-friendly packaging, increase in demand for packaged food in the U.S. and increasing expansion of the e-commerce sector are the major factors among others propelling the growth of strapping materials market. Moreover, rising awareness among people for recycling plastics and increasing government initiatives to sustainable manufacturing practices along with expansion of export trading industry will further create new opportunities for the strapping materials market in the forecast period of 2021- 2028.
However, high cost of the product, rising recycling abilities and sharp edges are the major factors among others restraining the market growth, and further challenge the growth of strapping materials market.
This strapping materials market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographical expansions, technological innovations in the market. To gain more info on strapping materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Strapping Materials Market Scope and Market Size
Strapping materials market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the strapping materials market is segmented into steel, polypropylene and polyester.
- The strapping materials market is also segmented on the basis of application into building & construction, food & beverage, metal, newspaper & graphics, industrial logistics and corrugated cardboard & paper.
Global Strapping Materials Market Country Level Analysis
Strapping materials market is analysed and market size, volume information is provided by product type and application as referenced above.
The countries covered in the strapping materials 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, Israel, Egypt, South Africa, 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.
Asia-Pacific dominates strapping materials market due to rising application of strapping materials in industries such as food and beverages, increasing awareness among consumers regarding sustainable and environment-friendly packaging, industrial logistics and warehouse, and newspaper and graphics in this region. North America is the expected region in terms of growth in strapping materials market due to increasing growth in mail orders and the logistics business, along with expansion of the e-commerce industry, increasing awareness among consumers regarding sustainable and environment-friendly packaging in this region.
The country section of the strapping materials market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Strapping Materials Market Share Analysis
Strapping materials 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 strapping materials market.
The major players covered in the strapping materials market report are 3M, Cyklop, Dynaric, Inc., Polychem Corporation, UNIPACK, Plastofine Industries. Intertape Polymer Group, NITTO DENKO CORPORATION, tesa Tapes (India) Private Limited, Signode Industrial Group LLC, Crawford Packaging, Titan Umreifungstechnik GmbH & Co. KG, Mosca GmbH, StraPack, Inc, Martin Packaging and Panorama Packaging Pvt. Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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