Strapping Materials Market Growth By 2020 | Top Key Players - 3M, Cyklop International, Dynaric, Polychem Corporation, Milan Ligocki UNIPACK

Strapping materials market are profoundly being used in industrial landscape to stabilize and combine bundles of supplies and raw materials. Manufacturers are reaping benefits from banding or strapping to boost functionality.

Strapping has become a desirable process in a myriad of industries, including e-commerce, packaging, food and beverage, among several others. Manufacturers are producing strapping material in line with the American Association of Railroads and ASTM International. In the latest research report compiled by Global Market Insights, Inc., strapping material market size is poised to expand substantially.

Growth drivers

Strapping has gained grounds in food and beverage sector as a cost-effective and simple way to package, unitize and palletize food and beverage products. As application of strapping material offers competitive edge as an efficient, rapid and reliable food and beverage strapping operation, investment in the industry is set to rise.

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With increased use of strapping in water bottles, snack foods, bakery foods, dairy products, meat and poultry, demand for strapping is slated to boost the industry size expansion. It is worth noting that polypropylene has become popular in palletizing and carton closing.

Trends in the industry

Increased traction for strapping material in packaging has been setting the trend as the material has been playing an invaluable role in keeping packages secure and safe. For instance, strapping materials are being used to hold the equipment in its place, thereby protecting goods against damages.

Nylon is likely to be highly sought after in the wake of its durability factor. Moreover, given that nylon can be stretched to conform to the shape of the equipment, profound use of the material will help manufactures bolster revenue stream in the next five years.

Opportunities galore in the industry

With polyester strapping being one of the most prevalently used polymer strapping materials, there are opportunities galore for the stakeholders eyeing to expand their penetration. Notably, durability and strength of strapping of polyester have made it an apt material to take the place of steel strapping.

The innately high level of recovery and elongation has made polyester strapping an ideal material for packaging products that are vulnerable to shifting. Prominently, the elongation of polyester straps helps negate the impact of sudden shifts in momentum. Besides, soaring traction for polyester in industry logistics, such as medium to heavy duty loads materials, reinforcing heavy packages and loads will further the confidence of manufacturers vying to expand their portfolios.

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Restraints in the industry

While strapping materials market offers lighter weight, weather and UV resistance, etc., high cost may mar the industry size expansion. Moreover, steel strapping has safety risks and handling difficulty owing to non-flexible design.

Thriving food and beverage industry in APAC offers a lucrative opportunity for stakeholders to expand their footfalls. Use of strapping in reinforcing wooden crates and boxes and attaching items to pallets and skids may prove to be instrumental in boosting APAC strapping material market share.

An array of assortment of strapping materials and its use in packaging, food and beverage provide significant revenue generating opportunities for manufactures of strapping materials. Moreover, growing popularity of strapping in industry logistics will also be witnessed in the next five years.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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This release was published on openPR.