Plastic Straps Market Trends, Industry Size, Growth, Analysis and Forecast - 2021 to 2027

Plastic Straps Market is projected to grow from USD 1.32 billion in 2017 to USD 3.68 billion by 2027, at a CAGR of 18% from 2021 to 2027.

This report studies the Plastic Strap market. When plastic Strap was introduced, it was only natural that it was looked upon as a substitute for steel Strap. In one respect, it was – especially in those applications where steel had been used only because there was nothing available. Often, the steel was over specification in the first case. The existence of plastic Strap widens the range of Strap and offers new opportunities. A more important plastic Strap consideration is elongation recovery.

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The following manufacturers are covered in this report:

• Strapack
• Linder
• STEK
• TITAN Umreifungstechnik
• Cyklop
• Hiroyuki Industries
• Baole
• EMBALCER
• PAC Strapping Products

Plastic Straps Breakdown Data by Type

• PP
• PET

Plastic Straps Breakdown Data by Application

• Wood Industry
• Paper Industry
• Food & Beverage
• Textile Industry
• Other Industries

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Once tension has been applied and the strap has elongated, how hard will the strap try to return to its original length? With plastic, time changes the recovery. If you have a rigid load, polyester might be best. However, because it doesn’t elongate much, it doesn’t have room to recover. On a shrinking-type load, this can be a problem. Since both nylon and polypropylene elongate more than polyester, and have more room to recover, they would both be better choices. If a high level of retained tension is important, nylon would be the preferred choice and if retained tension is not important, polypropylene’s lower price may change the choice.

Scope of the Report

The research study analyzes the global Plastic Straps industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Plastic Straps Market Report

1. What was the Plastic Straps Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of Plastic Straps Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Plastic Straps Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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This release was published on openPR.