Plastic Straps Market by Type (Polyester Straps, Polypropylene Straps, Nylon Straps, Paper Straps, Composite Straps, Corded and Woven Straps), End-Use Industry (Fiber, Steel, Cotton, Paper, Bricks & Tiles), and Region - Global Forecast to 2023
[119 Pages Report] The Plastic Straps Market is projected to grow from USD 1.32 billion in 2017 to USD 3.68 billion by 2023, at a CAGR of 18.8 % from 2018 to 2023. The growth of the plastic straps market is driven by the increasing use of plastic straps in the paper, steel, and bricks & tiles industries. The base year considered for the study is 2017 while the forecast period is between 2018 and 2023.
The main objective of this study is to define, describe, and forecast the plastic straps market based on type, end-use industry, and region. The report includes detailed information about the major factors such as drivers, restraints, challenges, and opportunities influencing the growth of the plastic straps market. This report strategically analyzes different segments of the plastic straps market with respect to the individual growth trends, growth prospects, and their contribution to the overall market. Based on type, the plastic straps market has been classified into polyester straps, polypropylene straps, nylon straps, and others (paper straps, composites straps, and corded & woven straps). Based on end-use industry, the market has been classified into paper, steel, cotton, fiber, bricks & tiles, and others (print and corrugated boards). The plastic straps market has been studied in Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The size of the plastic straps market has been estimated, in terms of both, value and volume.
Both, top-down and bottom-up approaches have been used to estimate and validate the size of the plastic straps market and to estimate the size of various other dependent submarkets. Extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, Organization for the Economic Co-operation and Development (OECD), the World Bank, the Securities and Exchange Commission (SEC), and other government and private websites have been referred to identify and collect information useful for this technical, market-oriented, and commercial study of the plastic straps market.
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Some of the major market players active in the plastic straps market include Crown Holdings (US), Polychem Corporation (US), Teufelberger (Austria), FROMM Packaging (US), Messersi Packaging (Italy), Dubose Strapping (US), Auto Strap (India), and PAC Strapping (US).
Key Target Audience:
- Manufacturers of Plastic Straps
- Raw Material Suppliers
- Providers of Technologies Used for Manufacturing Plastic Straps
- Traders, Distributors, and Suppliers of Plastics Straps
- End-use Industries
- Government and Regional Agencies and Research Organizations
- Investment Research Firms
The study answers several questions for the stakeholders, primarily which market segments to focus on in the next two-to-five years for prioritizing their efforts and investments.
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This research report categorizes the plastic straps market based on type, end-use industry, and region.
Plastic Straps Market, by Type:
- Polyester Straps
- Polypropylene Straps
- Nylon Straps
- Others( Paper Straps, Composites Straps, and Corded & Woven Straps)
Plastic Straps Market, by End-use Industry:
- Paper
- Steel
- Bricks & Tiles
- Fiber
- Cotton
- Others (Print and Corrugated Boards)
Plastic Straps Market, by Region:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
The market has been further analyzed for key countries in each of these regions.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
End-use Industry Analysis
- A product matrix, which gives a detailed analysis of various types of plastic straps used in each end-use industry.
Regional Analysis
- A further breakdown of the regional plastic straps market to the country level
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
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.
The plastic straps market has witnessed significant growth in the recent years, owing to increasing use of plastic straps in the bricks & tiles, paper, and cotton industries. The demand for plastic straps is increasing in these industries due to various properties offered by them that include high flexibility, ease of handling, and lightweight.
Based on type, the plastic straps market has been segmented into polyester straps, polypropylene straps, nylon straps, and others (paper straps, composites straps, and woven straps & corded straps). The polypropylene straps segment led the plastic straps market in 2017, in terms of value. The growth of this segment of the market can be attributed to the wide applicability of these straps in various end-use industries as they offer high tensile strength, increased flexibility, ease of handling, and excellent elongation properties.
Based on end-use industry, the plastic straps market has been segmented into steel, paper, fiber, bricks & tiles, cotton, and others (print and corrugated boards). The paper end-use industry segment is projected to lead the plastic straps market, in terms of value during the forecast period.
The plastic straps market has been studied for North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The Asia Pacific plastic straps market is projected to grow at the highest CAGR, in terms of value during the forecast period. The continuously rising middle-class of the Asia Pacific region and their increasing purchasing power and disposable income have led to the growth of the paper, steel, and bricks & tiles industries in the region. This, in turn, has led to the increased demand for plastic straps from these industries, thereby fueling the growth of the Asia Pacific plastic straps market.
The plastic straps market is expected to witness significant growth during the forecast period. However, fluctuating prices of raw materials used for manufacturing plastic straps are expected to hinder the growth of the market across the globe.
Crown Holdings (US), Polychem Corporation (US), Teufelberger (Austria), FROMM Packaging (US), Messersi Packaging (Italy), Dubose Strapping (US), Auto Strap (India), and PAC Strapping (US) are the key companies operating in the plastic straps market.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Regional Scope
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 27)
4.1 Attractive Opportunities in the Plastic Straps Market
4.2 Plastic Straps Market, By Region
4.3 Plastic Straps Market, By Type
4.4 Plastic Straps Market Share, By Country
4.5 Plastic Straps Market, By End-Use Industry
5 Market Overview (Page No. - 30)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Lightweight and Low-Cost Alternative to Other Materials
5.2.1.2 Rising Demand in Major Markets Such as India and China
5.2.2 Restraints
5.2.2.1 Environmental Pollution and Waste Management
5.2.3 Opportunities
5.2.3.1 Development of Bio-Based Plastics
5.2.3.2 Booming Construction Industry in Developing Countries
5.2.4 Challenges
5.2.4.1 Fluctuating Raw Material Prices
5.3 Porters Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Overview and Key Drivers
5.4.1 Introduction
5.4.2 Trends and Forecast of GDP
5.4.3 Per Capita Plastic Consumption Trend
6 Plastic Straps Market, By Type (Page No. - 38)
6.1 Introduction
6.2 Polyester Straps
6.3 Polypropylene Straps
6.4 Nylon Straps
6.5 Others
7 Plastic Straps Market, By End-Use Industry (Page No. - 44)
7.1 Introduction
7.2 Steel
7.3 Cotton
7.4 Paper
7.5 Fiber
7.6 Bricks & Tiles
7.7 Others
8 Plastic Straps Market, By Region (Page No. - 52)
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 Italy
8.3.3 France
8.3.4 UK
8.3.5 Spain
8.3.6 Rest of Europe
8.4 APAC
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 South Korea
8.4.5 Rest of APAC
8.5 Middle East & Africa
8.5.1 Iran
8.5.2 Saudi Arabia
8.5.3 South Africa
8.5.4 Rest of the Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Rest of South America
9 Competitive Landscape (Page No. - 90)
9.1 Overview
9.2 Market Ranking
9.3 Competitive Scenario
9.3.1 Merger & Acquisition
9.3.2 New Product Launch
10 Company Profiles (Page No. - 93)
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
10.1 Crown Holdings
10.2 Teufelberger
10.3 Fromm Packaging Systems
10.4 Messersμ Packaging
10.5 Polychem Corporation
10.6 Scientex Berhad
10.7 Mosca Direct Limited
10.8 Dubose Strapping
10.9 PAC Strapping Products
10.10 Auto Strap India
10.11 Linder Seevetal
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
10.12 Other Key Companies
10.12.1 Cyklop Nederland
10.12.2 Sorsa Strapping Systems
10.12.3 Samuel Strapping Systems
10.12.4 North Shore Strapping Company
10.12.5 Consent Group
11 Appendix (Page No. - 112)
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets Subscription Portal
11.3 Introducing RT: Real-Time Market Intelligence
11.4 Available Customizations
11.5 Related Reports
11.6 Author Details
List of Tables (101 Tables)
Table 1 Trends and Forecast of GDP Growth, 20172022 (Percentage)
Table 2 Plastic Straps Market Size, By Type, 20162023 (USD Million)
Table 3 Plastic Strap Market Size, By Type, 20162023 (Kiloton)
Table 4 Polyester Straps Market Size, By Region, 20162023 (USD Million)
Table 5 Polyester Strap Market Size, By Region, 20162023 (Kiloton)
Table 6 Polypropylene Straps Market Size, By Region, 20162023 (USD Million)
Table 7 Polypropylene Strap Market Size, By Region, 20162023 (Kiloton)
Table 8 Nylon Straps Market Size, By Region, 20162023, (USD Million)
Table 9 Nylon Strap Market Size, By Region, 20162023 (Kiloton)
Table 10 Other Plastic Straps Market Size, By Region, 20162023, (USD Million)
Table 11 Other Plastic Strap Market, By Region, 20162023 (Kiloton)
Table 12 Plastic Straps Market Size, By End-Use Industry, 20162023 (USD Million)
Table 13 Plastic Strap Market Size, By End-Use Industry, 20162028 (Kiloton)
Table 14 Plastic Strap Market Size in Steel End-Use Industry, By Region, 20162023 (USD Million)
Table 15 Plastic Strap Market Size in Steel End-Use Industry, By Region, 20162023 (Kiloton)
Table 16 Plastic Strap Market Size in Cotton End-Use Industry, By Region, 20162023 (USD Million)
Table 17 Plastic Strap Market Size in Cotton End-Use Industry, By Region, 20162023 (Kiloton)
Table 18 Plastic Strap Market Size in Paper End-Use Industry, By Region, 20162023 (USD Million)
Table 19 Plastic Strap Market Size in Paper End-Use Industry, By Region, 20162023 (Kiloton)
Table 20 Plastic Strap Market Size in Fiber End-Use Industry, By Region, 20162023 (USD Million)
Table 21 Plastic Strap Market Size in Fiber End-Use Industry, By Region, 20162023 (Kiloton)
Table 22 Plastic Strap Market Size in Bricks & Tiles End-Use Industry, By Region, 20162023 (USD Million)
Table 23 Plastic Strap Market Size in Bricks & Tile End-Use Industry, By Region, 20162023 (Kiloton)
Table 24 Plastic Strap Market Size in Other End-Use Industries, By Region, 20162023 (USD Million)
Table 25 Plastic Strap Market Size in Other End-Use Industries, By Region, 20162023 (Kiloton)
Table 26 Plastic Strap Market Size, By Region, 20162023 (USD Million)
Table 27 Plastic Strap Market Size, By Region, 20162023 (Kiloton)
Table 28 North America: Plastic Strap Market Size, By Country, 20162023 (USD Million)
Table 29 North America: Market Size, By Country, 20162023 (Kiloton)
Table 30 North America: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 31 North America: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 32 North America: Market Size, By Type, 20162023 (USD Million)
Table 33 North America: Market Size, By Type, 20162023 (Kiloton)
Table 34 US: Plastic Straps Market Size, By End-Use Industry, 20162023 (USD Million)
Table 35 US: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 36 Canada: Plastic Strap Market Size, By End-Use Industry, 20162023 (USD Million)
Table 37 Canada: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 38 Mexico: Plastic Strap Market Size, By End-Use Industry, 20162023 (USD Million)
Table 39 Mexico: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 40 Europe: Plastic Strap Market Size, By Country, 20162023 (USD Million)
Table 41 Europe: Market Size, By Country, 20162023 (Kiloton)
Table 42 Europe: Market Size, By Type, 20162023 (USD Million)
Table 43 Europe: Market Size, By Type, 20162023 (Kiloton)
Table 44 Europe: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 45 Europe: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 46 Germany: Plastic Strap Market Size, By End-Use Industry, 20162023 (USD Million)
Table 47 Germany: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 48 Italy: Plastic Straps Market Size, By End-Use Industry, 20162023 (USD Million)
Table 49 Italy: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 50 France: Plastic Strap Market Size, By End-Use Industry, 20162023 (USD Million)
Table 51 France: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 52 UK: Plastic Strap Market Size, By End-Use Industry, 20162023 (USD Million)
Table 53 UK: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 54 Spain: Plastic Straps Market Size, By End-Use Industry, 20162023 (USD Million)
Table 55 Spain: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 56 Rest of Europe: Plastic Strap Market Size, By End-Use Industry, 20162023 (USD Million)
Table 57 Rest of Europe: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 58 APAC: Plastic Strap Market Size, By Country, 20162023 (Kiloton)
Table 59 APAC: Market Size, By Country, 20162023 (USD Million)
Table 60 APAC: Market Size, By Type, 20162023 (Kiloton)
Table 61 APAC: Market Size, By Type, 20162023 (USD Million)
Table 62 APAC: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 63 APAC: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 64 China: Plastic Strap Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 65 China: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 66 Japan: Plastic Strap Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 67 Japan: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 68 India: Plastic Straps Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 69 India: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 70 South Korea: Plastic Strap Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 71 South Korea: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 72 Rest of APAC: Plastic Strap Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 73 Rest of APAC: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 74 Middle East & Africa: Plastic Strap Market Size, By Country, 20162023 (USD Million)
Table 75 Middle East & Africa: Market Size, By Country, 20162023 (Kiloton)
Table 76 Middle East & Africa: Market Size, By Type, 20162023 (USD Million)
Table 77 Middle East & Africa: Market Size, By Type, 20162023 (Kiloton)
Table 78 Middle East & Africa: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 79 Middle East & Africa: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 80 Iran: Plastic Strap Market Size, By End-Use Industry, 20162023 (USD Million)
Table 81 Iran: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 82 Saudi Arabia: Plastic Strap Market Size, By End-Use Industry, 20162023 (USD Million)
Table 83 Saudi Arabia: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 84 South Africa: Plastic Strap Market Size, By End-Use Industry, 20162023 (USD Million)
Table 85 South Africa: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 86 Rest of the Middle East & Africa: Plastic Strap Market Size, By End-Use Industry, 20162023 (USD Million)
Table 87 Rest of the Middle East & Africa: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 88 South America: Plastic Strap Market Size, By Country, 20162023 (USD Million)
Table 89 South America: Market Size, By Country, 20162023 (Kiloton)
Table 90 South America: Market Size, By Type, 20162023 (USD Million)
Table 91 South America: Market Size, By Type, 20162023 (Kiloton)
Table 92 South America: Market Size, By End-Use Industry, 20162023 (USD Million)
Table 93 South America: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 94 Brazil: Plastic Strap Market Size, By End-Use Industry, 20162023 (USD Million)
Table 95 Brazil: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 96 Argentina: Plastic Strap Market Size, By End-Use Industry, 20162023 (USD Million)
Table 97 Argentina: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 98 Rest of South America: Plastic Strap Market Size, By End-Use Industry, 20162023 (USD Million)
Table 99 Rest of South America: Market Size, By End-Use Industry, 20162023 (Kiloton)
Table 100 Merger & Acquisition, 20152018
Table 101 New Product Launch, 20152018
List of Figures (31 Figures)
Figure 1 Plastic Straps Market Segmentation
Figure 2 Plastic Strap Market, By Region
Figure 3 Plastic Strap Market: Research Design
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Size Estimation: Top-Down Approach
Figure 6 Plastic Strap Market: Data Triangulation
Figure 7 Polypropylene Straps Segment to Dominate Overall Plastic Strap Market
Figure 8 Paper to Be the Largest End-Use Industry of Plastic Straps
Figure 9 APAC to Be the Fastest-Growing Plastic Strap Market
Figure 10 Plastic Strap Market to Witness Rapid Growth Between 2018 and 2023
Figure 11 North America to Register the Fastest Growth
Figure 12 Polyester Straps Accounted for the Largest Market Share
Figure 13 China Accounted for the Largest Share in the Plastic Strap Market
Figure 14 Paper End-Use Industry Accounted for the Largest Market Share
Figure 15 Overview of Factors Governing the Plastic Strap Market
Figure 16 Plastic Strap Market: Porters Five Forces Analysis
Figure 17 Global Plastic Consumption in 2016
Figure 18 Polypropylene Straps to Be the Largest Type of Plastic Straps
Figure 19 Paper End-Use Industry to Dominate the Plastic Strap Market
Figure 20 Market in India to Register the Highest CAGR
Figure 21 Europe: Plastic Strap Market Snapshot
Figure 22 APAC: Plastic Strap Market Snapshot
Figure 23 Companies Adopted Merger &Acquisition and New Product Launch as Their Key Growth Strategies Between 2015 and 2018
Figure 24 Crown Holdings Was the Leading Market Player in 2016
Figure 25 Crown Holdings: Company Snapshot
Figure 26 Crown Holdings: SWOT Analysis
Figure 27 Teufelberger: SWOT Analysis
Figure 28 Fromm Packaging Systems: SWOT Analysis
Figure 29 Messersμ Packaging: SWOT Analysis
Figure 30 Polychem Corporation: SWOT Analysis
Figure 31 Scientex Berhad: Company Snapshot
Growth opportunities and latent adjacency in Plastic Straps Market