|04-16-2019 09:48 AM CET - Business, Economy, Finances, Banking & Insurance||
Plastic Straps Market 2019 Competitor Analysis by Crown, Fromm Holding, MOSCA GmbH, Scientex Berhad, DuBose Strapping, Inc., PAC Strapping Products, Inc., Cyklop Netherlands B.V., SORSA Strapping Systems, LINDER Seevetal, Others
Press release from: Data Bridge Market Research
Plastic Straps Market report has been prepared based on detailed market analysis with inputs from industry experts. It is very important to know all market definition, classifications, segments, applications, engagements and market trends to know how the Plastic Straps Market is going to perform in the Forecast years 2018-2025.
This analysis gives an examination of various segments that are relied upon to witness the quickest development amid the estimate forecast frame. The report also consists of the all the market drivers and restrains which are derived from SWOT analysis while also giving all the CAGR projections for the historic year 2016 base year 2017 and forecast period of 2018-2025.
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The key players operating in the global plastic straps market are –
Crown, TEUFELBERGER, Messersì Packaging S.r.l., Polychem Corporation, FROMM Packaging Systems, Mosca GmbH, Scientex, Samhwan steel co., DuBose Strapping, Inc, PAC Strapping Products, Inc., Cyklop Nederland B.V., SORSA Strapping Systems, Auto Strap India, LINDER Seevetal, Consent Group, North Shore Strapping Company, Intertape Polymer Group Inc, and AptarGroup Inc., Others.
With the advent of polyester straps, the problem of corrosion has been tackled, as steel has the property of corroding. Since polyester straps were introduced in the global market, the wrapping of the products was done by steel strapping. However, as steel has the property to corrode, this resulted in the deteriorating quality of goods that were wrapped with steel. Due to this logistics sector and other allied industries has a negative impact on them. So the demand for alternative strapping solutions took place, which also had to be light and soft. This lead to the increase in the use of polyester straps as an alternative for steel strapping. Manufacturers were able to capitalize on the benefits provided by polyester strapping, and therefore presently there is an increased demand for polyester straps in the market. Another important factor is the cost, as polyester straps are cheaper, their demand is on a rise in the market. In July 2018, Sweden’s Trelleborg AB has acquired U.S. based laminating coating technologies (Lamcotec) as a part of their strategy to strengthen its position. They develop and manufacture polyurethane-coated and laminated fabrics which are primarily used for aerospace industry and medical industry. With the increasing demand of these fabrics, the market is expected to grow.
Objective of the Report
1. To analyze strategies/developments such as collaborations, agreements, partnerships, mergers and acquisitions, and product launches and developments in the Plastic Straps Market,
2. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Plastic Straps Market.
3. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Plastic Straps Market
4. The key findings and recommendations highlight crucial progressive industry trends in the Plastic Straps Market, thereby allowing players to develop effective long term strategies.
5. To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market.
6. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
The global plastic straps market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of friction modifiers market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Plastic Straps Market is expected to reach USD 5.21 billion by 2025, from USD 1.33 billion in 2017 growing at a CAGR of 18.9% during the forecast period of 2018 to 2025. The Global Plastic Straps Market, By Type (Polyester Straps, Polypropylene Straps, Nylon Straps, Others), End-Use Industry (Steel, Cotton, Paper, Fiber, Bricks & Tiles, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Low cost and light weight alternatives for materials
The rising demand of plastic straps in major markets such as India and China
• Polyester Straps
• Polypropylene Straps
• Nylon Straps
By End-Use Industry
• Bricks & Tiles
• Asia Pacific
• North America
• South America
• Middle East & Africa
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