Asia Pacific Plastic Straps Market
No. of Pages: 119 | Report Code: TIPRE00016356 | Category: Chemicals and Materials
No. of Pages: 119 | Report Code: TIPRE00016356 | Category: Chemicals and Materials
ASIA PACIFIC PLASTIC STRAPS RD
Asia Pacific Plastic Straps Market Forecast to 2027 – COVID-19 Impact and Asia Pacific (APAC) Analysis – By Type (Polyester, Polypropylene, Nylon, Paper, Composite, Corded and Woven); End Use (Fiber, Steel, Cotton, Paper, Bricks and Tiles, Others), and Country
Pages: 119
A plastic strap is a flexible flat material which helps to combine, hold, reinforce, or fasten an item. Plastic strapping used for packaging is a generic term used to describe all non-metallic straps and includes extruded polypropylene & polyester straps together with corded or woven polyester straps. The growth of plastic straps market is driven by the increasing use of plastic straps in the paper, steel, and bricks & tiles industries. Plastic strapping materials are produced from polypropylene, polyester, and are available in a wide variety of styles, strengths, and finishes. Strapping can be applied either automatically with a strapping machine or manually with a hand tool. Strapping is widely used across many industries, including shipping large industrial equipment to e-commerce fulfillment centers. Different products of strapping material are available with specific classifications and grades.
The Asia Pacific plastic straps market was valued at US$ 484.65 million in 2019 and is projected to reach US$ 1,628.53 million by 2027; it is expected to grow at a CAGR of 16.6% during the forecast period 2018-2027. Factors driving the market growth include the rising preference for lightweight and low-cost strapping materials and growing demand in Key Markets such as India and China. However, the environmental pollution and waste management is likely to have a negative impact on the market growth.
By type, the polypropylene straps segment accounted for the largest market share in the Asia Pacific plastic straps market in 2019. In terms of end use, the paper segment held the largest market share of the plastic straps market by 2027. In terms of application, in 2018, the beverage segment held the most significant market share of the plastic straps market in Asia Pacific.
Some of the major primary and secondary sources for Asia Pacific plastic straps market included in the report are Auto Strap India, Cyklop International, FROMM Group, LINDER GmbH, Crown Holdings, Inc., and Teufelberger Stralsund GmbH.
COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then it has spread across the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst affected countries in terms of confirmed cases and reported deaths as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The overall market breakdown due to COVID-19 is also affecting the growth of the plastic straps market due to shutting down of factories, obstacle in supply chain, and downturn in world economy
· To understand the plastic straps market landscape and identify market segments that are most likely to guarantee a strong return
· To stay ahead by comprehending the ever-changing competitive landscape for the plastic straps market
· To efficiently plan M&A and partnership deals in the plastic straps market by identifying market segments with most promising probable sales
· To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the plastic straps market
· To obtain market revenue forecast for market by various segments from 2018 to 2027
Asia Pacific Plastic straps Market Segmentation
By Type
· Polyester Straps
· Polypropylene Straps
· Nylon Straps
· Paper Straps
· Composite Straps
· Corded and Woven Straps
By End Use
· Fiber
· Steel
· Cotton
· Paper
· Bricks and Tiles
· Others
By Country
· Australia
· China
· Japan
· India
· South Korea
· Rest of APAC
Company Profiles
· Auto Strap India
· Cyklop International
· FROMM Group
· LINDER GmbH
· Crown Holdings, Inc.
· Teufelberger Stralsund GmbH
Strategic insights for the Asia Pacific Plastic Straps provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 484.65 Million |
| Market Size by 2027 | US$ 1,628.53 Million |
| Global CAGR (2018 - 2027) | 16.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Plastic Straps refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The List of Companies - Asia Pacific Plastic Straps Market
The Asia Pacific Plastic Straps Market is valued at US$ 484.65 Million in 2019, it is projected to reach US$ 1,628.53 Million by 2027.
As per our report Asia Pacific Plastic Straps Market, the market size is valued at US$ 484.65 Million in 2019, projecting it to reach US$ 1,628.53 Million by 2027. This translates to a CAGR of approximately 16.6% during the forecast period.
The Asia Pacific Plastic Straps Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Plastic Straps Market report:
The Asia Pacific Plastic Straps Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Plastic Straps Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Plastic Straps Market value chain can benefit from the information contained in a comprehensive market report.
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