Crown Holdings, Inc., Polychem Corporation, TEUFELBERGER Gruppe, Fromm, Messersì Packaging s.r.l., DuBose Strapping, PAC Strapping Products, LINDER GmbH & Cyklop Nederland are the Major Key Players in Plastic Straps Market by 2023

The major growth drivers identified in the plastic straps market is the growing packaging and logistic sector and expanding construction industry. With the growing industrialization and commercialized in developing parts of the world, there has been a rapid rise in the logistics and transport requirements in order to facilitate the movement of these goods.

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Expanding construction industry is another key growth factor for the plastic straps market. The construction industry in the world is witnessing rapid rise, particularly in countries such as China, India, Saudi Arabia, Indonesia, and others.

Based on end-use industries, the plastic straps market is categorized into steel, cotton, paper, fiber, bricks and tiles, and others. Among all the end-use industries, paper was the one of leading segment in the plastic straps market during the historical period. Owing to the rise in demand for consumer electronics, medical devices and pharmaceutical products, the demand for strapping material is rising, thus prompting the growth of plastic straps market.

The global plastic straps market is segmented by type, end-use industries, and geography. On the basis of type, the market is categorized into polyester, polypropylene, nylon, and others. During the historical period, polypropylene was the leading segment in the plastic straps market.

Countries such as China, and India are witnessing rapid rise in the construction and packaging industry. APAC is expected to account for highest share in the plastic straps market during the forecast period. This is attributed to the increasing demand for strapping materials for holding and reinforcing various goods and raw materials from growing transportation and packaging industries in large number of APAC nations.

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Some of the major players operating in the global plastic straps market are Crown Holdings, Inc., Polychem Corporation, Teufelberger Holding AG, FROMM Group, Messersì Packaging S.r.l., DuBose Strapping, PAC Strapping Products, Inc., Auto Strap India, and LINDER GmbH, and Cyklop Nederland BV.

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