Transparency Market Research

Plastic Strapping Materials Market - Lucrative Opportunities Across Globe

Plastic Strapping Materials Market is set to expand at a CAGR of 4.8% during forecast period between 2018 to 2026; Plastic strapping materials market is segmented based on material, application and end-user


Albany, NY -- (SBWIRE) -- 10/04/2018 -- 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.

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.

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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.