Global Plastic Strap Industry was valued at USD 1.64 Billion in the year 2018. Global Plastic Strap Industry is further estimated to grow at a CAGR of 19.4% from 2019 to reach USD 5.65 Billion by the year 2025. Asia-Pacific region holds the highest Industry share in 2017 and also considered as fastest growing Industry in the forecasted period. At a country level, developed markets like China holds the notable Industry share in 2018 and it is projected to grow at a gradual rate in the coming years.
Segmentation is done on the basis of Type includes Nylon Straps, Polypropylene Straps and Polyester Straps of which the Polypropylene Straps segment is expected to hold the highest Industry share during the forecast period. On the other hand, segmentation done on the basis of End-use include Fiber, Bricks & Tiles, Cotton, Paper and Steel, of which Fiber segment is expected to grow at the XX% CAGR during the forecast period.
Major market players in Plastic Strap Industry are Polychem Corporation, Mosca Direct Limited, Crown Holdings, Messersì Packaging S.r.l., Teufelberger, Dubose Strapping, Inc., PAC Strapping Products, Inc., Fromm Packaging Systems, Inc., Linder Seevetal, Scientex, Auto Strap India, and 9 more companies brief information is provided in the report.
SWOT analysis of Plastic Strap
Rising demand in fiber product Industry
Strict environmental regulations
Advancement in Bio-Based Plastics
Raw Material prices are fluctuating
Plastic Strap Industry Segmentation
Plastic Strap Industry Overview, By Type
• Nylon Straps
• Polypropylene Straps
• Polyester Straps
Plastic Strap Industry Overview, By End-use
• Bricks & Tiles
Plastic Strap Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa