ALBANY, New York, August 10, 2018 /PRNewswire/ --
Transparency Market Research delivers key insights on
the plastic strapping materials Market in its published
report, titled "Global Plastic Strapping Materials Market: Industry
Analysis and Opportunity Assessment, 2018-2026". In terms of
revenue, the global plastic strapping materials market is estimated
to expand at a CAGR of 4.8% over the forecast period, owing to
numerous factors, about which TMR offers thorough insights and
forecasts in this report.
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The plastic strapping materials or bands are used as unitizing
materials for bundling the products such as corrugated boxes,
pallets and skids. Plastic strapping materials are made up of
polyester, composite polymers or polypropylene. The plastic
strapping materials find application in various industries such as
building and construction, glass, food and beverages, agricultural,
textile and others.
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The demand for plastic strapping materials market increases due
to need of handling and shipping products efficiently and
economically. Generally, the steel strapping is used for the heavy
products as unitizers in the industry, but after innovation and
introduction of high tensile strength in plastic strapping
materials, consumers are attracted toward the plastic strapping
materials. The composite strapping is made up of polyester and
polypropylene, and has attracted the end-user industries for heavy
load applications due to its high tenacity. Logistics and
transportation industry is the emerging consumer for plastic
strapping materials due to its easy handling.
Plastic strapping materials market is growing due to highly
innovative and compatible products available for manual and machine
handling. Cotton baling and textile industry uses plastic strapping
materials owing to provide securement and easy bundling of
products. Automotive and consumer electronics use plastic strapping
materials for conveying bundling equipment and parts. The plastic
strapping materials market players offer economical and wide range
of products which drives the market growth. The plastic strapping
materials are characterized in the global market on the basis of
load unitizing and carrying capacity.
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This report assesses trends driving the growth of each market
segment on the global level and offers potential takeaways that
prove substantially useful for other potential market entrants in
the plastic strapping materials market.
The North America plastic
strapping materials market includes country level analysis for the
U.S. and Canada. The U.S. plastic
strapping materials market is expected to grow at a CAGR of 2.5%
during the forecast period in which food and beverages segment is
estimated to account for the largest market share by end-use type
in the region. The Latin
America plastic strapping materials market include
country-level analysis for Brazil,
Mexico, Argentina and rest of Latin America. The Mexico plastic strapping materials market is
anticipated to expand at the highest pace during the forecast
period in the Latin America
region. The Europe plastic
strapping materials market includes country-level analysis for
Germany, Italy, U.K., France, Spain, Benelux, Nordic, Russia, Poland and Rest of Europe. Germany accounts for the highest market share
in the Europe plastic strapping
materials market.
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The Asia Pacific (APAC) plastic
strapping materials market includes country-level analysis for
China, India, ASEAN, Japan, Australia & New
Zealand and Rest of APAC. The APAC plastic strapping
materials market represent most lucrative geographic region wherein
China represent substantial
incremental opportunity and market share during the forecast
period. The APAC plastic strapping materials market is expected to
expand at the highest pace during the forecast period among all the
geographic segments. The Middle
East and Africa (MEA)
plastic strapping materials market include country-level analysis
for GCC, South Africa,
North Africa and Rest of MEA. High
growth in the manufacturing, transport and logistics sector have
driven the Turkey Plastic strapping materials market.
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In this report, we have discussed individual strategies followed
by these companies in terms of enhancing their product portfolio,
creating new marketing techniques, mergers and acquisitions. The
'Competitive Landscape' is included to provide report audiences
with a dashboard view and company share collectively.
Key players operating in the global market for plastic strapping
materials are Samuel, Son & Co., Limited, SIGNODE INDUSTRIAL
GROUP, Scientex Berhad, Teufelberger Holding AG, M. J. Maillis
group, Hangzhou Youngsun Intelligent Equipment Co Ltd, FROMM
Holding AG, GRANITOL akciová spole?nost and Messersi' Packaging Srl
Dynaric Inc.
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