South America Plastic Straps Market

Market Introduction

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.

South America Plastic Straps Strategic Insights

Strategic insights for the South America 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.

South America Plastic Straps Report Scope

South America Plastic Straps Regional Insights

The geographic scope of the South America 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 South America plastic straps market was valued at US$ 189.89 million in 2019 and is projected to reach US$ 565.70 million by 2027; it is expected to grow at a CAGR of 14.8% during the forecast period 2020-2027. Factors driving the market growth include the rising preference for lightweight and low-cost strapping materials and growing demand in Key Markets such as Brazil and Argentina. However, the environmental pollution and waste management is likely to have a negative impact on the market growth.

Key Market Segments

By type, the polypropylene straps segment accounted for the largest market share in the South America 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.

Major Sources and Companies Listed

Some of the major primary and secondary sources for South America plastic straps market included in the report are Cyklop International, FROMM Group, Polychem Corporation, Crown Holdings, Inc., and Teufelberger Stralsund GmbH.

Impact of COVID-19 Pandemic on Plastic straps Market

Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.

Reasons to buy the report

• 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

South America 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

• Brazil
• Argentina
• Rest of SAM

Company Profiles

• Cyklop International
• FROMM Group
• Crown Holdings, Inc.
• Polychem Corporation
• Teufelberger Stralsund GmbH