DUBLIN--(BUSINESS WIRE)--The "Plastic Straps Market by Type (Polyester Straps, Polypropylene Straps, Nylon Straps, Paper Straps, Composite Straps, Corded and Woven Straps), End-Use Industry (Fiber, Steel, Cotton, Paper, Bricks & Tiles), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The plastic straps market is projected to grow from USD 1.55 billion in 2018 to USD 3.68 billion by 2023, at a CAGR of 18.8% from 2018 to 2023.
The polypropylene straps type segment is projected to lead the plastic straps market during the forecast period in terms of both, value and volume. The growth of this segment of the market can be attributed to the wide applicability of polypropylene straps in various industries such as steel, paper, and fiber as these straps offer high tensile resistance, improved flexibility, and excellent corrosion resistance.
The paper end-use industry segment is projected to lead the plastic straps market during the forecast period, in terms of value. Plastic straps are used for bundling items such as newspapers together for their convenient handling and shipment. Thus, the paper end-use industry segment of the plastic straps market is expected to witness continuous and sturdy growth during the forecast period.
The Asia Pacific region is projected to lead the plastic straps market during the forecast period, in terms of value. The continuously rising middle-class of the Asia Pacific region and their increasing purchasing power and disposable income have led to the growth of the paper, steel, and bricks & tiles industries in the region.
- Crown Holdings
- Polychem Corporation
- Fromm Packaging Systems
- Messers Packaging
- Dubose Strapping
- PAC Strapping Products
- Auto Strap India
- Linder Seevetal
- Cyklop Nederland
- Sorsa Strapping Systems
- Samuel Strapping System
- North Shore Strapping Company
- Consent Group
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Plastics Straps Market, By Type
7 Plastic Straps Market, By End-Use Industry
8 Plastic Straps Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/kg3m3x/global_plastic?w=4