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.
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. 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.
