Plastic Straps Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Polyester Straps, Nylon Straps, Polypropylene Straps, Others), By End User Industry (Industrial Logistics and Warehouse, Food and Beverage, Steel, Paper, Others), By Region and Competition 2018-2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationPlastic Straps Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Polyester Straps, Nylon Straps, Polypropylene Straps, Others), By End User Industry (Industrial Logistics and Warehouse, Food and Beverage, Steel, Paper, Others), By Region and Competition 2018-2028
In 2020, the use of packaging in the Brazilian food sectors increased by 2.4 %..
Global Plastic Straps Market is expected to expand during the projected period due to increasing demand from the paper sector as plastic straps offer versatility in packaging applications, accommodating different sizes, shapes, and weights of paper products. Moreover, tamper-evident packaging is critical in the food and beverage industry to prevent unauthorized access or tampering with products. Plastic straps offer a tamper-evident packaging solution, providing visible indications if the packaging has been compromised and will result in accelerated the growth of Global Plastic Straps Market in the upcoming years.
Growing Demand in Industrial Logistics and Warehouse Sector
Plastic straps, also known as plastic banding, have become an integral part of the industrial logistics and warehouse sector. With their reliable and cost-effective packaging solutions, plastic straps play a crucial role in securing and bundling goods for transportation and storage. Plastic straps offer excellent tensile strength, allowing them to securely hold and bundle different types of products, regardless of size or shape. These straps provide reliable packaging solutions, minimizing the risk of damage or shifting during transit. Their ability to withstand tension and maintain load stability makes them an ideal choice for securing goods in warehouses and during transportation. They are used to bundle and secure a variety of goods, including boxes, cartons, pallets, and bundles. Whether it's securing items for storage on warehouse shelves, palletizing goods for transportation, or reinforcing heavy loads, plastic straps offer flexibility and adaptability. The ability to handle different packaging requirements efficiently makes plastic straps a popular choice in this sector. Moreover, the industrial logistics and warehouse sector place a significant emphasis on cost-effectiveness and operational efficiency. Plastic straps offer a cost-effective packaging solution compared to alternative materials like steel strapping. They are lightweight, reducing shipping costs and increasing efficiency during handling and storage. For instance, In Western Europe, the average return on equity (ROE) in the transport and logistics sector was around 13%.
Plastic straps are also easy to use and require minimal setup time, streamlining packaging operations in warehouses. These factors contribute to cost savings and overall operational efficiency, making plastic straps an attractive option. In addition, plastic straps enable quick and efficient packaging, saving time and improving overall productivity. They can be easily tensioned and sealed using manual or automated tools, reducing the time required for packaging operations. Automated strapping systems further enhance productivity by offering consistent tensioning and sealing, eliminating human error, and ensuring faster processing of goods. The time-saving capabilities of plastic straps contribute to streamlined operations and increased throughput in warehouses.
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Rising demand from Food & Beverage Sector
Plastic straps, also known as plastic banding, have gained significant traction in the food and beverage sector as a reliable and efficient packaging solution. With stringent requirements for hygiene, safety, and product integrity, the food and beverage industry demands packaging materials that can effectively secure and protect its perishable goods. As, plastic straps offer an excellent solution for securing and protecting perishable goods during transportation and storage. These straps are designed to be hygienic, ensuring that they do not contaminate the food products they come into contact with. Aling with this, plastic straps do not rust or corrode, minimizing the risk of contamination compared to alternative packaging materials like metal strapping. Their ability to securely hold and bundle various food items, such as cartons, crates, and pallets, ensures that products remain intact and free from damage. Furthermore, plastic straps offer a tamper-evident packaging solution, providing visible indications if the packaging has been compromised. Once the plastic strap is applied and sealed, any tampering attempts will cause visible damage to the strap, alerting both businesses and consumers to potential product tampering. In addition, plastic straps offer versatility and adaptability to meet the diverse packaging needs of the sector. They can be easily adjusted to bundle different types and sizes of products, accommodating variations in packaging requirements. Whether it is securing cardboard boxes, crates, or palletized goods, plastic straps provide flexibility and ensure secure packaging for various food and beverage items. .
Additionally, growing awareness for keeping environment clean, and sustainable, consumers are looking for alternative solutions. Packaging manufacturers are also becoming motivated to introduce bio-based materials in various industries including the packaging industry.
Increasing Demand from Steel Industry
Additionally, plastic straps provide an opportunity for traceability through customization and branding options. Manufacturers can opt for customized printing on the straps, including product information, batch numbers, and company logos. This facilitates easy identification and tracking of steel products, improving inventory management and traceability throughout the supply chain.
All these factors dominate the demand of the Plastic Straps in the projected years.
However, growing environmental awareness among individuals is trying to reduce plastic consumption for maintaining balance in the environment which is limiting demand for plastic straps in the packaging industry result in slow down the market growth. Moreover, fluctuation in the price of raw material including polyester, polypropylene, etc. hamper the production cost and reduce the profitability of the product, further slowing down the market growth.
Recent Developments
- In 2023, EAM-Mosca announces exclusive
agreement with Reisopack S.L. regarding the supply of plastic strapping
materials, as well as after-market technical service
- In 2022, TEUFELBERGER takes over Maillis
Strapping Solutions in Poland to expands the strapping solutions.
- In 2022, Signode Introduces First Ever
Dylastic Bio-based PP (Polypropylene) Strap made of minimum of 40% renewable
bio plastic and vegetable raw materials and reducing CO2 emissions by 50%.
- In 2022, Signode present end-to-end automation
and packaging solutions at PACK EXPO 2022 in Chicago, Illinois.
- In 2021, EAM-Mosca introduces the new USI-2
SoniXs a high-performing high-tension side seal strapping system designed
to secure palletized and non-palletized loads for storage and shipment.
- In 2019, Messersì Packaging show complete solutions
for packaging and automation in Pack Expo Las Vegas.
Market Segmentation
Global Plastic Straps Market is segmented based on
Company Profiles
USA Strapping, LLC, Jairam Strap Pvt. Ltd., Signode Industrial Group LLC, Teufelberger Holding AG, Auto Strap India, Messersì Packaging S.r.l., Sekisui Jushi Strapping B.V., Linder GmBH, PAC Strapping Products, Inc., EAM-Mosca Corporation are some of the key players of Global Plastic Straps Market.
|
Attribute |
Details |
|
Base
Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue forecast, company
share, competitive landscape, growth factors, and trends |
|
Segments
covered |
·
Metal ·
Material ·
End User Industry |
|
Regional scope |
North America, Europe,
Asia Pacific, South America, Middle East & Africa |
|
Country
scope |
United States; Mexico; Canada; France; Germany; United Kingdom; Spain;
Italy; China; India; South Korea; Japan; Australia; Brazil; Argentina; South
Africa; Saudi Arabia; UAE |
|
Key companies profiled |
USA Strapping, LLC,
Jairam Strap Pvt. Ltd., Signode Industrial Group LLC, Teufelberger Holding
AG, Auto Strap India, Messersì Packaging S.r.l., Sekisui Jushi Strapping
B.V., Linder GmBH, PAC Strapping Products, Inc., EAM-Mosca Corporation |
|
Customization
scope |
10% free report customization with purchase. Addition or alteration
to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase
options to meet your exact research needs. Explore
purchase options |
|
Delivery
Format |
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request) |
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