PET Strapping is a type of plastic strapping made of polyethylene terephthalate (PET). It is a strong yet flexible material that is used to secure, bundle and unitize products. It is widely used in many industries such as packaging, automotive, construction, and marine.
PET strapping is an ideal alternative to steel strapping and is widely used for its strength, flexibility, and resistance to corrosion from moisture, oils, and most chemicals. It is also lightweight, making it easier to handle and transport than steel strapping.
PET strapping is available in a variety of widths and thicknesses and is often used with a manual or powered strapping tool. It is used to secure items for shipping, storage, and handling.
The global PET Strapping market was valued at US$ 699 million in 2022 and is anticipated to reach US$ 885.8 million by 2029, witnessing a CAGR of 3.4% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global PET Strapping Market available at: https://www.themarketreports.com/report/global-pet-strapping-market-research-report
This report aims to provide a comprehensive presentation of the global market for PET Strapping, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding PET Strapping.
Global PET Strapping key players include Signode, Cordstrap, etc. Global top two manufacturers hold a share about 23%.
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