According to Market Study Report, Plastic Straps Market provides a comprehensive analysis of the Plastic Straps Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.
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The Plastic Straps Market is projected to grow from USD 1.55 Billion in 2018 to USD 3.68 Billion by 2023, at a CAGR of 18.8% from 2018 to 2023.
Top Companies Profiled in the Plastic Straps Market:
- Crown Holdings (US)
- Polychem Corporation (US)
- Teufelberger (Austria)
- FROMM Packaging (US)
- Messersi Packaging (Italy)
- Dubose Strapping (US)
- Auto Strap (India)
- PAC Strapping (US)
The polypropylene straps type segment is projected to lead the plastic straps market during the forecast period in terms of both, value and volume. The growth of this segment of the market can be attributed to the wide applicability of polypropylene straps in various industries such as steel, paper, and fiber as these straps offer high tensile resistance, improved flexibility, and excellent corrosion resistance.
The paper end-use industry segment is projected to lead the plastic straps market during the forecast period, in terms of value. Plastic straps are used for bundling items such as newspapers together for their convenient handling and shipment.
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Breakdown of primary participants’ profile:
- By Company Type: Tier 1 –43%, Tier 2 – 36%, and Tier 3–21%
- By Designation: C Level –21%, Director Level –29%, and Others – 50%
- By Region: North America – 31%, Europe –25%, Asia Pacific–17%, and South America –17%, and the Middle East & Africa- 10%