openPR Logo
Press release

Polyester Straps Market Poised to Surpass $2.04 Billion by 2031 Riding on Technological Advancements

05-08-2024 02:52 PM CET | Consumer Goods & Retail

Press release from: SNS Insider Pvt Ltd

Polyester Straps Market Poised to Surpass $2.04 Billion by 2031

Market Sizing
The Polyester Straps Market valued at USD 1.55 billion in 2023, is projected to reach USD 2.04 billion by 2031, exhibiting a CAGR of 3.5% during 2024-2031.

Market Report Scope
Technological progress in strap manufacturing has spurred the growth of the polyester straps market. Enhanced properties of polyester straps, driven by advancements in polymer chemistry, particularly in PET resin, have led to increased durability and effectiveness. The rise of e-commerce has further boosted demand, with streamlined distribution channels and sustainability initiatives driving adoption.

Major Key Players Included are:
- Auto Strap
- Linder GmbH
- FROMM Packaging
- S&K Packaging Inc
- TEUFELBERGER
- De Webmakers Webdesign Bureau
- Dubose Strapping
- Greenbridge
- North Shore Strapping Inc
- Samuel Strapping

Market Analysis
Bundling emerges as the dominant application segment, ensuring cargo safety throughout the supply chain. The segment with breaking strengths ranging from 301 to 500 kg leads, vital for shipments with multiple stops, while the Paper & Allied Industries segment dominates due to PET strapping's suitability for bundling finished paper products.

Download Free Sample Report @ https://www.snsinsider.com/sample-request/4204

KEY MARKET SEGMENTS
By Packing Grade
- Hand Grade
- Machine Grade
- 5-15 mm
- 15-25 mm
- 25-35 mm
- Above 35 mm

By Thickness
- Less than 0.50 mm
- 0.50 mm - 0.75 mm
- 0.76 mm - 1.00 mm
- Above 1.00 mm

By Type
- Polyethylene Terephthalate (PET) Straps
- Polypropylene (PP) Straps
- Nylon Straps
- Paper Straps
- Composite Straps
- Woven Straps Others

By Application
- Heavy Duty Bailing and Others
- Bundling
- Palletizing/ Load Unitizing

By Breaking Strength
- Up to 220kg
- 221kg to 300kg
- 301kg to 500kg
- 501kg to 1,000kg
- Above 1,000k

By End-Use Industry
- Food and Beverage
- Pharmaceuticals
- Electrical and Electronics, Automotive
- Construction and Allied Industries
- Paper and Allied Industries
- Textiles and Apparels
- Chemical and Fertilizers
- Others

Impact of Russia-Ukraine War
The conflict has escalated prices of essential raw materials, impacting global industries including textiles. Increased costs of polyester and nylon due to rising crude oil prices have hampered the polyester strap market, with retailers compelled to raise prices amidst declining demand.

Impact of Economic Slowdown
Economic slowdowns lead to reduced production and lower consumer demand, directly affecting the polyester strap market. Decreased manufacturing activities result in reduced demand for packaging materials, prompting companies to implement cost-cutting measures.

Key Regional Development
The Asia Pacific region, driven by economies like China and India, leads in consumption and production of polyester straps. Rapid expansion of end-user industries and the logistics sector propels market growth. In North America, the automobile sector drives demand for polyester straps due to their cost-effectiveness and advantageous properties.

Make an Enquiry@ https://www.snsinsider.com/enquiry/4204

Key Takeaways
- Technological advancements in strap manufacturing drive market growth.
- E-commerce expansion boosts demand for polyester straps.
- Asia Pacific emerges as a key market fueled by rapid industrial growth.

Recent Developments
In June 2022, Samuel Strapping Systems introduced heavy-duty polyester strapping for the lumber industry. FROMM Packaging Systems launched the FROMM Embosser in March 2022, offering enhanced load security. BONZOBAND Strapping Systems introduced a robust 16mm woven polyester strapping solution in March 2021.

Table of Contents - Major Key Points
1 Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2 Industry Flowchart
3 Research Methodology
4 Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5 Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6 Value Chain Analysis
7 Porter's 5 Forces Model
8 Pest Analysis
9 Polyester Straps Market Segmentation, By Packing Grade
9.1 Introduction
9.2 Trend Analysis
9.3 Hand Grade
9.4 Machine Grade
10 Polyester Straps Market Segmentation, By Width
10.1 Introduction
10.2 Trend Analysis
10.3 5-15 mm
10.4 15-25 mm
10.5 25-35 mm
10.6 Above 35 mm
11 Polyester Straps Market Segmentation, By Thickness
11.1 Introduction
11.2 Trend Analysis
11.3 Less than 0.50 mm
11.4 0.50 mm - 0.75 mm
11.5 0.76 mm - 1.00 mm
11.6 Above 1.00 mm
12 Polyester Straps Market Segmentation, By Type
12.1 Introduction
12.2 Trend Analysis
12.3 Polyethylene Terephthalate (PET) Straps
12.4 Polypropylene (PP) Straps
12.5 Nylon Straps
12.6 Paper Straps
12.7 Composite Straps
12.8 Woven Straps Others
13 Polyester Straps Market Segmentation, By Application
13.1 Introduction
13.2 Trend Analysis
13.3 Heavy Duty Bailing and Others
13.4 Bundling
13.5 Palletizing/ Load Unitizing
14 Polyester Straps Market Segmentation, By Breaking Strength
14.1 Introduction
14.2 Trend Analysis
14.3 Up to 220kg
14.4 221kg to 300kg
14.5 301kg to 500kg
14.6 501kg to 1,000kg
14.7 Above 1,000kg
15 Polyester Straps Market Segmentation, By End-Use Industry
15.1 Introduction
15.2 Trend Analysis
15.3 Food and Beverage
15.4 Pharmaceuticals
15.5 Electrical and Electronics, Automotive
15.6 Construction and Allied Industries
15.7 Paper and Allied Industries
15.8 Textiles and Apparels
15.9 Chemical and Fertilizers
15.10 Other
16 Regional Analysis
17 Company Profiles
18 Competitive Landscape
18.1 Competitive Benchmarking
18.2 Market Share Analysis
18.3 Recent Developments
18.3.1 Industry News
18.3.2 Company News
18.3.3 Mergers & Acquisitions
19 Use Case and Best Practices
20 Conclusion

For more information, visit@ https://www.snsinsider.com/reports/polyester-straps-market-4204

Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Polyester Straps Market Poised to Surpass $2.04 Billion by 2031 Riding on Technological Advancements here

News-ID: 3489234 • Views:

More Releases from SNS Insider Pvt Ltd

Thermal Transfer Tapes Market Heats Up, Projected to Reach USD 1.68 Billion by 2031
Thermal Transfer Tapes Market Heats Up, Projected to Reach USD 1.68 Billion by 2 …
"According to the SNS Insider report, the Thermal Transfer Tapes Market Growth valued at USD 1.145 billion in 2023, is projected to reach a staggering USD 1.678 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 4.9% during the forecast period of 2024-2031" This notable growth can be attributed to the rising adoption of automation in manufacturing processes, the need for durable and long-lasting labels, and the increasing emphasis
AI in Packaging Market Set to Skyrocket, Projected to Reach USD 5.59 Billion by 2031
AI in Packaging Market Set to Skyrocket, Projected to Reach USD 5.59 Billion by …
"According to the SNS Insider report, the AI in Packaging Market Growth valued at USD 2.1 billion in 2023, is projected to reach a staggering USD 5.59 billion by 2031, exhibiting a robust compound annual growth rate (CAGR) of 11.5% during the forecast period of 2024-2031" This substantial growth trajectory is fueled by a convergence of factors, including the need for supply chain optimization, stringent quality control measures, the rising adoption
Waste Management Equipment Market is Going to Reach at USD 25.37 billion by 2031
Waste Management Equipment Market is Going to Reach at USD 25.37 billion by 2031
The Waste Management Equipment Market size was estimated at USD 17.98 billion in 2023 and is expected to reach USD 25.37 billion by 2031 at a CAGR of 4.4% during the forecast period of 2024-2031. The global Waste Management Equipment Market is experiencing substantial growth, driven by increasing environmental concerns, stringent regulations, and the rising volume of waste generated worldwide. Waste management equipment encompasses a wide range of machinery and tools
Flame Detector Market Expands as Fire Safety Takes Center Stage
Flame Detector Market Expands as Fire Safety Takes Center Stage
The Flame Detector Market size was estimated at USD 1.78 billion in 2023 and is expected to reach USD 2.6 billion by 2031 at a CAGR of 4.85% during the forecast period of 2024-2031. The global flame detector market is experiencing significant growth, driven by heightened awareness of fire safety regulations and the increasing need for advanced detection systems across various industries. Flame detectors play a critical role in preventing catastrophic

All 5 Releases


More Releases for Strap

Snore Strap Reviews: Stop Snoring Naturally
Visit Official Website Here >> https://bit.ly/30SjdNv Why we snore? While sleeping, the muscles in our necks relax. Sometimes, they relax so much that the upper airway partially closes, narrowing the passageway in which air travels to our lungs. This narrowing of our airway causes a vibration in the throat when you breathe, which causes the sound of snoring. How does a Snore Strap help? Snore Strap effectively helps reducing snoring while letting users
Cable Strap for Shipbuilding Market
Transparency Market Research delivers key insights on the global stainless steel cable ties market. In terms of revenue, the global stainless steel cable ties market is anticipated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the stainless steel cable ties market report. The report on the stainless steel cable ties market highlights different types of
Global Strap Dispenser Market Growth 2019-2024
LP INFORMATION offers a latest published report on Strap Dispenser Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. According to this study, over the next five years the Strap Dispenser market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular,
Strap Dispenser Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Strap Dispenser Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Strap Dispenser players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyze the Strap Dispenser with respect to individual growth
Chin Strap Market Outlook (2019-2025) | Disposable, Reusable
The research study offers powerful guidelines for market players to compete well against other participants operating in the global Chin Strap market. It brings to light crucial market dynamics including drivers, challenges, restraints, trends, and opportunities. Readers are provided with detailed qualitative and quantitative analysis, PESTLE analysis, absolute dollar opportunity analysis, and Porter’s Five Forces analysis that focus on various aspects of the global Chin Strap Market. The report includes
Global Ankle Strap Pumps Market to 2025| Belle, Nine West, Salvatore Ferragamo, …
This research report titled “Global Ankle Strap Pumps Market” Insights, Forecast to 2025 has been added to the wide online database managed by Market Research Hub (MRH). The study discusses the prime market growth factors along with future projections expected to impact the Ankle Strap Pumps Market during the period between 2019 and 2025. The concerned sector is analyzed based on different market factors including drivers, restraints and opportunities in