According to a research report published by Spherical Insights & Consulting, the Global Plastic Straps Market Size is Expected to Grow from USD 3.10 Billion in 2023 to USD 12.84 Billion by 2033, at a CAGR of 15.27% during the forecast period 2023-2033.

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Plastic strapping is a high-tensile, affordable, and recyclable material used in various packaging applications. It is suitable for various temperatures and is resistant to dampness. The market is expected to grow due to the rising housing industry, lightweight alternatives, and industrialization in emerging economies. Bio-based polymers may mitigate market expansion, while global demand for improved packaging and logistics is also driving growth. The packaging industry is experiencing growth ascribed to the increasing demand for plastic straps in e-commerce, online delivery, and heavy-material transportation. This demand is driven by the need for lightweight, flexible, and easy-to-handle plastic straps, as well as their desirable properties like large elongation and high tensile strength. However, the global demand for PET and other plastic strap materials in packaging is increasing due to affordability and sustainability. However, environmental concerns and countries developing recycling capacities are reducing the market and potentially affecting revenue growth.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Plastic Straps Market Size, Share, and COVID-19 Impact Analysis, By Type (Polyester, Polypropylene, Nylon, Paper, Composite, and Corded & Woven Straps), By Application (Wood, Paper, Food & Beverage, Textiles, and Others), By End User Industry (Industrial Logistics & Warehouse, Food & Beverage, Corrugated Cardboard, Paper, Building & Construction, Metal, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

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The polyester segment is expected to hold the largest share of the global plastic straps market during the projected timeframe.

Based on the type, the global plastic straps market is categorized as polyester, polypropylene, nylon, paper, composite, and corded & woven. Among these, the polyester segment is expected to hold the largest share of the global plastic straps market during the projected timeframe. Polypropylene provides numerous benefits such as elongation, chemical resistance, rustproofing, tensile strength, flexibility, lightweight, and easy handling. It enhances visual appeal, and security, and is stable in temperature ranges, making it an eco-friendly substitute.

The wood segment is expected to grow at the fastest CAGR during the projected timeframe.       

Based on the application, the global plastic straps market is categorized as wood, paper, food and beverage, textiles, and others. Among these, the wood segment is expected to grow at the fastest CAGR during the projected timeframe. The wood segment is expected to grow rapidly, with plastic straps playing a crucial role in the wood/lumber industry. Polypropylene straps are popular ascribed to their reliability, affordability, and moisture resistance, making them a practical choice for businesses requiring a high quantity of strapping materials.

The industrial logistics and warehouse segment is expected to hold the largest share of the global plastic straps market during the projected timeframe.

Based on the end-use, the global plastic straps market is categorized as industrial logistics & warehouse, food & beverage, corrugated cardboard, paper, building & construction, metal, and others. Among these, the industrial logistics and warehouse segment is expected to hold the largest share of the global plastic straps market during the projected timeframe. Strapping, also known as banding or bundling, is a method of attaching a strap to an object for support, reinforcement, or security. It is increasingly used in the packing industry, particularly in industrial transportation and storage ascribed to its cost-saving features.

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North America is projected to hold the largest share of the global plastic straps market over the forecast period.

North America is projected to hold the largest share of the global plastic straps market over the forecast period. The demand for plastic straps is increasing attributed to sustainable packaging materials and public awareness. The North America region is crucial for market expansion as people move to cities and use advanced products, accelerating the growth of the packaging sector.

Asia Pacific is expected to grow at the fastest CAGR growth of the global plastic straps market during the forecast period. Plastic straps are gaining popularity due to e-commerce, online purchasing, and home delivery, prompting packaging manufacturers to expand their global presence and clientele.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global plastic straps market are Auto Strap India, CORDSTRAP BV, Crown Holdings Inc., Cyklop International, DuBose Strapping Inc., Duravant LLC, HANGZHOU YOUNGSUN INTELLIGENT EQUIPMENT CO. LTD., LINDER GmbH, Mitsubishi Chemical Group Corp., Mosca GmbH, PAC Strapping Products Inc., Plastex Extruders Ltd., Ruparel Polystrap Pvt. Ltd., S.K. INDUSTRIES INDORE, Samuel Son and Co. Ltd., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In December 2024, Signode launched the novel BXT4 Battery Hand Tool for plastic strapping with easy trigger technology.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global plastic straps market based on the below-mentioned segments:

Global Plastic Straps Market, By Type

• Polyester
• Polypropylene
• Nylon
• Paper
• Composite
• Corded & Woven Straps

Global Plastic Straps Market, By Application

• Wood
• Paper
• Food & Beverage
• Textiles
• Others

Global Plastic Straps Market, By End-Use

• Industrial Logistics & Warehouse
• Food & Beverage
• Corrugated Cardboard
• Paper
• Building & Construction
• Metal
• Others

Global Plastic Straps Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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