Phenomenal Growth of Strapping Materials Market from Demand and Supply

The advantage of recycling pretend by plastic strapping materials makes it a sustainable packaging substitute, which is expected to drive market growth over the coming years. The Global Strapping Materials Market is expected to reach USD 7.5 billion by 2025, at a 5.8% CAGR during the forecast period, according to a new report by Grand View Research, Inc.

Polypropylene was the largest material segment in terms of revenue in 2016 and the trend is projected to continue with a CAGR of 6.2% over the forecast period. Its property of high elongation recovery is expected to boost market growth over the forecast period.

Plastic strapping is a durable alternative to conventional packaging materials namely glass, aluminum, and tin, which are used in the food and beverage industry. The flexibility of plastic allows manufacturers to customize shape, size, and any other specification as per the packaging requirement of a customer.

Plastic strapping also helps save packaging space compared to conventional packaging. It also offers damage protection as it is compliant with cargo securement standards defined by regulatory bodies in developed economies of North America and Europe.

Demand for strapping materials will be driven by growth in industries such as food and beverages, industrial logistics and warehouse, and corrugated cardboard and paper in developed economies including U.S., Germany, and U.K.

Leading global players, such as Mosca GmbH, Cyklop International, and Strapack, Inc., have a significant presence in North America and European countries and are further working toward expanding their operations in Asia Pacific.

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As strapping materials are increasingly used in corrugated cardboard and paper, food and beverages, industrial logistics and warehousing, and building and construction industries owing to their niche characteristics, they are anticipated to offer growth opportunities to key market players over the forecast period.

Top Players of Strapping Materials Market:

Key players including MOSCA GmbH, Polychem Corporation, Signode Packaging Systems Corporation, and StraPack Inc. have a prominent presence in the global strapping materials market.

Market Segmentation of Strapping Materials Market:

The Global Strapping Materials Market segmented on the basis of Type, Application, and Region.

By Type:

    Steel
    Polypropylene
    Polyester

By Application:

    Food & Beverage
    Industrial Logistics & Warehouse
    Corrugated Cardboard & Paper
    Newspaper & Graphics
    Building & Construction
    Metal

By Region:

    North America
        US
    Europe
        Germany
        UK
    Asia Pacific
        China
        India
        Japan
    Central & South America
        Brazil
    Middle East & Africa

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