Plastic Straps Market Report: Trends, Forecast and Competitive Analysis to 2030

Plastic Straps Trends and Forecast

The future of the global plastic straps market looks promising with opportunities in the building & construction, medical & healthcare, automotive & transportation, food & beverage, paper, electrical & electronics markets. The global plastic straps market is expected to reach an estimated $8.4 billion by 2030 with a CAGR of 16.8% from 2024 to 2030. The major drivers for this market are the growing use of plastic straps including polyester straps, polypropylene straps, and nylon straps in a variety of end-use sectors like automotive, infrastructure, electronics, and paper and the fast expansion of the electrical and electronics industries has boosted the need for plastic straps.

A more than 150-page report is developed to help in your business decisions.

Plastic Straps by Segment

The study includes a forecast for the global plastic straps by type, end use, and region.

Plastic Straps Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Polyester Straps
• Polypropylene Straps
• Nylon Straps
• Others

Plastic Straps Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Building & Construction
• Medical & Healthcare
• Automotive & Transportation
• Food & Beverages
• Paper
• Electrical & Electronics
• Others

Plastic Straps Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Plastic Straps Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies plastic straps companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the plastic straps companies profiled in this report include-

• Crown Holdings
• The Sterling Group
• Teufelberger
• FROMM Packaging
• Messersi Packaging
• Dubose Strapping
• Auto Strap
• PAC Strapping
• Polychem Corporation
• Scientex Berhad

Plastic Straps Market Insights

Lucintel forecasts that polypropylene strap will remain the largest segment over the forecast period due to the numerous benefits it provides, such as high tensile strength, enhanced flexibility, lightweight, simple handling, superior elongation, chemical resistance, rustproofing, as well as, increasing the security and aesthetic look of the goods.

APAC will remain the largest region over the forecast period due to rising demand for plastic straps in the region from the paper, electrical, and electronics industries, as well as, expanding e-commerce sector, consumers' inclination toward online shopping, and home delivery.

Features of the Global Plastic Straps Market

Market Size Estimates: Plastic straps market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Plastic straps market size by type, end use, and region in terms of value ($B).

Regional Analysis: Plastic straps market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the plastic straps market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the plastic straps market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the plastic straps market size?

Answer: The global plastic straps market is expected to reach an estimated $8.4 billion by 2030.

Q2. What is the growth forecast for plastic straps market?

Answer: The global plastic straps market is expected to grow with a CAGR of 16.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the plastic straps market?

Answer: The major drivers for this market are expanding packaging market, growing need for plastic straps in online delivery, e-commerce, and heavy material delivery across a range of industries, including manufacturing, logistics, supply chain, and building, as well as, growing consciousness about maintaining a sustainable and clean environment.

Q4. What are the major segments for plastic straps market?

Answer: The future of the global plastic straps market looks promising with opportunities in the building & construction, medical & healthcare, automotive & transportation, food & beverage, paper, electrical & electronic markets.

Q5. Who are the key plastic straps market companies?

Answer: Some of the key plastic straps companies are as follows.

• Crown Holdings
• The Sterling Group
• Teufelberger
• FROMM Packaging
• Messersi Packaging
• Dubose Strapping
• Auto Strap
• PAC Strapping
• Polychem Corporation
• Scientex Berhad

Q6. Which plastic straps market segment will be the largest in future?

Answer: Lucintel forecasts that polypropylene strap will remain the largest segment over the forecast period due to the numerous benefits it provides, such as high tensile strength, enhanced flexibility, lightweight, simple handling, superior elongation, chemical resistance, rustproofing, as well as, increasing the security and aesthetic look of the goods.

Q7. In plastic straps market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rising demand for plastic straps in the region from the paper, electrical, and electronics industries, as well as, expanding e-commerce sector, consumers' inclination toward online shopping, and home delivery.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the plastic straps market by type (polyester straps, polypropylene straps, nylon straps, and others), end use (building & construction, medical & healthcare, automotive & transportation, food & beverages, paper, electrical & electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?