According to Stratistics MRC, the Global Plastic Strapping Materials Market is accounted for $1,809.64 million in 2020 and is expected to reach $3,063.10 million by 2028 growing at a CAGR of 6.8% during the forecast period. Factors such as rising demand from the food and beverage industry, flourishing e-commerce industry, and improved logistics operations are driving the growth of the market. However, fluctuating cost of raw materials is hampering the growth of the market.
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Based on the end user, the food & beverages segment is anticipated to expand at a rapid pace during the forecast period due to the rising demand for safe and effective packaging solutions. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the rapid growth in manufacturing industries in the region.
Some of the key players profiled in the Plastic Strapping Materials Market include Samuel, Son & Co., Limited, M. J. Maillis Group, Scientex Berhad, FROMM Holding AG, Signode Industrial Group, Teufelberger Holding AG, Granitol a.s., Dynaric Inc., Messersi’ Packaging, and Hangzhou Youngsun Intelligent Equipment Co Ltd.
Materials Covered:
• Composite
• Polypropylene
• Polyester
Applications Covered:
• Heavy Loads
• Skids & Pallets
• Cartons/Corrugated Boxes
End Users Covered:
• Automotive
• Transportation & Logistics
• Food & Beverages
• Building & Construction
• Chemicals & Fertilizers
• Consumer Electronics
• Textile
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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