Plastic Straps Market to offer a healthy CAGR of 19.2% during 2020-25
February 18, 2020
Plastic Straps Market Overview:
Plastic straps market is likely to witness an impressive CAGR of 19.2% during the forecast period. The increasing use of plastic straps in end-use industries, such as bricks & tiles, paper, cotton, and steel drives the market globally.
Report Overview:
This new report from Stratview Research analyses the Plastic Straps Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Plastic Straps Market Segment Insights:
Type: polyester straps, polypropylene straps and others
Based on the type, the market is segmented as polyester straps, polypropylene straps, nylon straps, and others. The polypropylene straps segment dominated the market in 2018, and is expected to remain dominant during the forecast period. The growth is owing to properties, such as elevated flexibility, high-tensile strength, and ease of handling.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/568/plastic-straps-market.html
End-Use Industry Type: steel, cotton, paper, fiber and others
Based on the end-use industry type, the market is segmented as steel, cotton, paper, fiber, bricks & tiles, and others. The paper segment is estimated to lead the market in the coming five years.
A highly/moderately/fragment consolidated Market
Some of the plastic strap manufacturers are Crown Holdings, Fromm Packaging Systems, Messers Packaging, Polychem Corporation, Scientex Berhad, Mosca Direct Limited, Dubose Strapping, PAC Strapping Products, and Auto Strap India.
Region: Asia-Pacific is expected to register the highest growth
In terms of regions, Asia-Pacific is expected to register the highest growth in the coming five years in the global plastic straps market. China and India are the growth engines of the region. The market is sustained by rising disposable income and growing demand for plastic straps from various end-use industries. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.
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