Plastic Strapping Market Revenue was valued at USD 5.1 Billion in 2024 and is estimated to reach USD 7.9 Billion by 2033, growing at a CAGR of 5.2% from 2026 to 2033.
The global plastic strapping market was valued at approximately USD 5.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. This growth is driven by increasing demand from various industries such as logistics, construction, and packaging, as well as the rising preference for plastic strapping due to its lightweight, durability, and cost effectiveness. The market is also witnessing a surge in e commerce activities, which further contributes to the demand for robust packaging solutions. The demand for both polypropylene and polyester strapping is anticipated to witness significant growth, primarily driven by their wide range of applications in packaging and securing goods during transportation. Regionally, North America held a significant share of the market in 2022, accounting for around 30% of the global revenue. The market in this region is supported by a well established manufacturing base, a growing trend toward automation in packaging, and the increasing use of plastic strapping in industries such as automotive, electronics, and pharmaceuticals. The Asia Pacific region is expected to experience the fastest growth, with a projected CAGR of 6.1% over the forecast period. This growth is fueled by rapid industrialization, increasing exports, and the growing demand for plastic strapping in the booming e commerce and packaging sectors in countries like China, India, and Japan. Europe is also anticipated to contribute significantly to market growth due to the presence of strong automotive, construction, and consumer goods industries. The Middle East and Africa are expected to show steady growth owing to infrastructural developments and expanding manufacturing sectors.
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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
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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. 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
Packaging
Logistics
Automotive
Construction
Consumer Goods
Polypropylene (PP)
Polyester (PET)
Steel
Composite
Machine Strapping
Manual Strapping
Automatic Strapping
Heavy-Duty Strapping
Light-Duty Strapping
Medium-Duty Strapping
Direct Sales
Online Sales
Retail Sales
US (United States, US 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
US
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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