Plastic Strapping Market was valued at USD 4.2 Billion in 2022 and is projected to reach USD 6.8 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global plastic strapping market was valued at approximately USD 4.8 billion in 2022, with an expected compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. This growth trajectory is driven by increasing demand from various end-use industries including logistics, construction, and packaging. As businesses seek to improve their supply chain efficiency and secure their products during transit, the need for durable and reliable strapping solutions continues to rise. The market's expansion is further fueled by advancements in strapping technology and materials, leading to enhanced performance and cost-effectiveness.
Emerging markets present significant opportunities for the plastic strapping industry. Rapid industrialization and infrastructure development in regions such as Asia-Pacific and Latin America are expected to drive substantial demand for strapping solutions. Additionally, the increasing adoption of automated packaging processes and the growth of e-commerce are likely to contribute to market expansion. These factors combined with the continuous innovation in strapping materials and technologies are set to offer lucrative prospects for stakeholders in the plastic strapping market.
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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
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plastic Strapping Market
Wood
Paper
Food & Beverage
Textile
Others
Based on Types the Market is categorized into Below types that held the largest Plastic Strapping market share In 2023.
PP Strapping
PET Strapping
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plastic Strapping Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plastic Strapping Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plastic Strapping Market, By Type
6. Global Plastic Strapping Market, By Application
7. Global Plastic Strapping Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Plastic Strapping Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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