DUBLIN--(BUSINESS WIRE)--The "Strapping Materials Market Analysis, By Materials (Steel, Polypropylene, Polyester), By Application (F&B, Industrial Logistics, Construction), By Region, And Segment Forecasts, 2014 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global strapping materials market is expected to reach USD 7.5 billion by 2025, at a 5.8% CAGR during the forecast period.
The advantage of recycling pretend by plastic strapping materials makes it a sustainable packaging substitute, which is expected to drive market growth over the coming years.
Polypropylene was the largest material segment in terms of revenue in 2016 and the trend is projected to continue with a CAGR of 6.2% over the forecast period. Its property of high elongation recovery is expected to boost market growth over the forecast period.
Plastic strapping is a durable alternative to conventional packaging materials namely glass, aluminum, and tin, which are used in the food and beverage industry. The flexibility of plastic allows manufacturers to customize shape, size, and any other specification as per the packaging requirement of a customer. Plastic strapping also helps save packaging space compared to conventional packaging. It also offers damage protection as it is compliant with cargo securement standards defined by regulatory bodies in developed economies of North America and Europe.
Demand for strapping materials will be driven by growth in industries such as food and beverages, industrial logistics and warehouse, and corrugated cardboard and paper in developed economies including U.S., Germany, and U.K.
Leading global players, such as Mosca GmbH, Cyklop International, and Strapack, Inc., have a significant presence in North America and European countries and are further working toward expanding their operations in Asia Pacific. As strapping materials are increasingly used in corrugated cardboard and paper, food and beverages, industrial logistics and warehousing, and building and construction industries owing to their niche characteristics, they are anticipated to offer growth opportunities to key market players over the forecast period.
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Strapping Materials Market Variables, Trends, and Scope
Chapter 4. Strapping Materials Market: Materials Estimates & Trend Analysis
Chapter 5. Strapping Materials Market: Application Estimates & Trend Analysis
Chapter 6. Strapping materials Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Chapter 8. Company Profiles
- Cyklop International
- Dynaric Inc.
- Milan Ligocki UNIPACK
- Mosca GmbH
- Panorama Packaging Pvt. Ltd.
- Plastofine Industries
- Polychem Corporation
- Signode Packaging Systems Corporation
- Signor Polymers Pvt. Ltd.
- StraPack Inc.
- Titan Umreifungstechnik GmbH & Co. KG
- The 3M Company
For more information about this report visit https://www.researchandmarkets.com/research/j8ndwl/strapping?w=4