Plastic Strapping Market Growth By Regional Analysis (America, Europe, Asia Pacific, and Middle East & Africa) Growth Opportunity and Industry Forecast 2023-2030 (Recession Impact Analysis)
ID : MRU_
102286 | Date :
Feb, 2023 | Pages :
168 | Region : Global |
Publisher : Ri research
The report offers detailed coverage of Plastic Strapping industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Plastic Strapping by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
When plastic strapping was introduced, it was only natural that it was looked upon as a substitute for steel strapping. In one respect, it was – especially in those applications where steel had been used only because there was nothing available. Often, the steel was over specification in the first case. The existence of plastic strapping widens the range of strapping and offers new opportunities. A more important plastic strapping consideration is elongation recovery. Once tension has been applied and the strap has elongated, how hard will the strap try to return to its original length? With plastic, time changes the recovery. If you have a rigid load, polyester might be best. However, because it doesn\'t elongate much, it doesn\'t have room to recover. On a shrinking-type load, this can be a problem. Since both nylon and polypropylene elongate more than polyester, and have more room to recover, they would both be better choices. If a high level of retained tension is important, nylon would be the preferred choice and if retained tension is not important, polypropylene\'s lower price may change the choice.
The plastic strapping industry concentration is not high; there are hundreds manufacturers in the world, and high-end products mainly from U.S. and Western European.
Global giant manufactures mainly distributed in U.S. and E.U. The manufacturers in U.S. have a long history and unshakable status in this field. Manufacturers such as M.J.Maillis Group and Dynaric have relative higher level of product\'s quality.
Companies in developing countries such as China and India, in contrast, put more effort on direct selling business. They can act as exports at the same time, and it is a common phenomenon in this industry. As they do not have that much international brand influence, their product quality is not good enough when comparing with leading companies, however, they have price advantage. They like to expand their market share in developing countries and low-end international market.
In the plastic strapping market, there still has a distinct feature that the import and export rate of this industry is not high caused by the fact that many international manufactures expand their business through building factories or investments.
This industry is affected by the economy and policy, so it\'s important to put an eye to economic indexes and leaders\' prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of plastic strapping will increase.
The report forecast global Plastic Strapping market to grow to reach xxx Million USD in 2023 with a CAGR of xx% during the period 2023-2030.
First, this report covers the present status and the future prospects of the global Plastic Strapping market for 2018-2030.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Signode
M.J.Maillis Group
Dynaric,Inc
Cordstrap
FROMM Group
Samuel Strapping
Youngsun
Mosca
Scientex Berhad
Polychem
Teufelberger
Tsukasa Chemical Industry Co
Packware
Polivektris
Strapack
Linder
STEK
TITAN Umreifungstechnik
Cyklop
Hiroyuki Industries
Baole
EMBALCER
PAC Strapping Products, Inc.
At the same time, we classify Plastic Strapping according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows: Market by Order Type
PP Strapping
PET Strapping Market by Application
Wood Industry
Paper Industry
Food & Beverage
Textile Industry
Other Industries
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Plastic Strapping market for the forecast period 2023 - 2030?
• What are the driving forces in the Plastic Strapping market for the forecast period 2023 - 2030?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Plastic Strapping industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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