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Plastic Strapping Materials Market to Garner USD 1783.9 Million by 2028 at 3.5% CAGR, COVID-19 Impact and Global Analysis by The Market Reports

Plastic strapping are available in different types of materials such as polypropylene, polyester and composite. Plastic strapping materials find application in various industries such as food & beverages, automotive, transportation & logistics, building & construction, textile and others.

Due to the COVID-19 pandemic, the global Plastic Strapping Materials market size is estimated to be worth US$ 1454.7 million in 2022 and is forecast to a readjusted size of US$ 1783.9 million by 2028 with a CAGR of 3.5% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Polyester accounting for % of the Plastic Strapping Materials global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Consumer Electronics segment is altered to an % CAGR throughout this forecast period.

Plastic strapping materials market has witnessed continuous growth from past three years owing to an economical and secure unitizing solution for strapping as compared to steel strapping. Due to sharp edges of steel strapping, it is difficult to handle manually and can be hazardous to an individual who is engaged in strapping operation. Plastic strapping materials are easy to handle and can be removed or attached manually.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Request for a free sample or purchase this report at: https://www.themarketreports.com/report/global-plastic-strapping-materials-market-research-report

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Polyester
  • Composite
  • Polypropylene

Segment by Application

  • Consumer Electronics
  • Building & Construction
  • Food & Beverage
  • Automotive
  • Textile
  • Transportation & Logistics
  • Fertilizers
  • Other Industrial

By Company

  • Samuel
  • Signode Industrial Group
  • Scientex Berhad
  • Teufelberger Holding
  • J. Maillis Group
  • Fromm Holding

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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