Polyester Straps Market Revenue is Expected to Reach US$ 1388.6 Mn by 2027
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Global Polyester Straps Market: Segmentation and Forecast
The report segments the global polyester straps market on the basis of packing grade, width, break strength, thickness, application and on the basis of end use industry. The machine grade segment is estimated to be valued at US$ 290 Mn in the year 2017 and is slated to reach a value of US$ 576.4 Mn in the year 2027, exhibiting a CAGR of 7.1% during the period of assessment. The 5-15 mm width type segment is estimated to be valued at US$ 3 Mn in the year 2017 and is poised to reach a value of US$ 442.2 Mn in the year 2027, displaying a CAGR of 6.9% during the forecast period.
The 300-500 kg break strength type segment is estimated to be valued at US$ 175.6 Mn in the year 2017 and is slated to reach a value of US$ 365.1 Mn in the year 2027, exhibiting a CAGR of 7.6% during the assessment period. The less than 0.50 mm thickness type segment is estimated to be valued at US$ 97.8 Mn in the year 2017 and is poised to reach a value of US$ 186.6 Mn in the year 2027, displaying a CAGR of 6.7% during the forecast period.
The heavy duty bailing and others application type segment is estimated to be valued at US$ 73.4 Mn in the year 2017 and is slated to reach a value of US$ 140.8 Mn in the year 2027, exhibiting a CAGR of 6.7% during the period of assessment. The paper and allied products end use industry segment is estimated to be valued at US$ 98 Mn in the year 2017 and is poised to reach a value of US$ 179.3 Mn in the year 2027, exhibiting a CAGR of 6.2% during the forecast period.
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Global Polyester Straps Market: Regional Forecast
Future Market Insights tracks the performance of the global polyester straps market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa. As per the forecast of Future Market Insights, North America polyester straps market is estimated to be valued at US$ 158.3 Mn in the year 2017 and is slated to touch a value of US$ 323.9 Mn in the year 2027, reflecting a CAGR of 7.4% during the assessment period. The Western Europe polyester straps market is estimated to be valued at US$ 119.8 Mn in the year 2017 and is slated to touch a value of US$ 237.8 Mn in the year 2027, exhibiting a CAGR of 7.1% during the assessment period.
Global Polyester Straps Market: Vendor Insights
The report has included some of the key players operating in the global laundry care market such as Teufelberger Holding Ag, Samuel Strapping Systems, FROMM Packaging Systems Inc., Mosca GmbH, Industrial Yarns Pty Ltd., Linder GmbH, The Plastic Strapping Company Ltd., Northshore Strapping Company, Plastic Extruders Ltd., National Webbing Products and others. Launching of bio-gradable Polyester Straps is a key focus area for key players in this market both at international as well as regional level. Manufacturers are preferring recycled raw materials for manufacturing Polyester Straps.
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