Global Plastic Strapping Market Research Report 2022

When plastic strapping was introduced, it was only natural that it was looked upon as a substitute for steel strapping. In one respect, it was – especially in those applications where steel had been used only because there was nothing available. Often, the steel was over specification in the first case. The existence of plastic strapping widens the range of strapping and offers new opportunities. A more important plastic strapping consideration is elongation recovery. Once tension has been applied and the strap has elongated, how hard will the strap try to return to its original length? With plastic, time changes the recovery. If you have a rigid load, polyester might be best. However, because it doesn’t elongate much, it doesn’t have room to recover. On a shrinking-type load, this can be a problem. Since both nylon and polypropylene elongate more than polyester, and have more room to recover, they would both be better choices. If a high level of retained tension is important, nylon would be the preferred choice and if retained tension is not important, polypropylene’s lower price may change the choice.
Market Analysis and Insights: Global Plastic Strapping Market
Due to the COVID-19 pandemic, the global Plastic Strapping market size is estimated to be worth US$ 2185.9 million in 2022 and is forecast to a readjusted size of US$ 2432.8 million by 2028 with a CAGR of 1.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, PP Strapping accounting for % of the Plastic Strapping global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Wood segment is altered to an % CAGR throughout this forecast period.
Global Plastic Strapping key players include Signode, M.J.Maillis Group, Dynaric，Inc, Cordstrap, FROMM Group, etc. Global top five manufacturers hold a share over 25%.
China is the largest market, with a share about 30%, followed by Europe, and North America, both have a share over 40 percent.
In terms of product, PP Strapping is the largest segment, with a share nearly 80%. And in terms of application, the largest application is Paper, followed by Wood, Food and Beverage, etc.
Global Plastic Strapping Market: Drivers and Restrains
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.
Global Plastic Strapping Market: Segment Analysis
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
PP Strapping
PET Strapping

Segment by Application
Wood
Paper
Food and Beverage
Textile
Others

By Company
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.
Production by Region
North America
Europe
China
Japan
Southeast Asia
Consumption by Region
North America
U.S.
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