Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled "Global Plastic Strapping Materials Market – Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026". This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with a growth of manufacturers in the global market for Plastic Strapping Materials. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.
The global market for plastic strapping materials was valued at US$ 1572.2 million in 2017. The market value is projected to expand at a CAGR of 4.8% during the forecast period, 2018-2026.
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Plastic strapping are available in different types of materials such as polypropylene, polyester and composite. Plastic strapping materials find application in various industries such as food & beverages, automotive, transportation & logistics, building & construction, textile and others. The consumer products industries such as food, beverages and electronics are expected to witness inclination in terms of CAGR during the forecast period. In plastic strapping materials, polypropylene is most widely preferred strapping material by end-user industries due to easy availability and compatibility for most of the applications. Polyester strapping is used in heavy load applications due to its high breaking strength. Composite strapping is made up of polyester and polypropylene which provides more tenacity and breaking strength to the plastic strapping material. The composite plastic strapping materials market is projected to grow with higher CAGR as compared to other strapping materials during the forecast period. Plastic strapping materials are expected to witness rise in demand owing to its economical availability, easy handling and several other properties, coupled with the increasing demand of unitizing solutions for globally rising manufacturing output.
The global plastic strapping materials market report begins with the executive summary for various categories and their share in the plastic strapping materials market. It is followed by market dynamics and overview of the global plastic strapping materials market, which includes TMR analysis of market drivers, restraints, and trends that are affecting growth of the plastic strapping materials market. Furthermore, to understand the popularity of the plastic strapping materials segment, the attractiveness index and BPS analysis with elaborated insights on the same is provided, which will show the market’s attractiveness based on factors such as CAGR and incremental opportunity. To show the performance of the plastic strapping materials market in each country and region, BPS and Y-o-Y growth analysis is provided.
The global market for plastic strapping materials is segmented by material, application and end use. On the basis of material, global market for plastic strapping materials is segmented into polyester, composite and polypropylene. On the basis of application type, global market for plastic strapping materials is segmented into corrugated boxes, heavy loads, skids & pallets and others. On the basis of end use, the global market for plastic strapping materials is segmented into consumer electronics, building & construction, food & beverages, automotive, textile, transportation & logistics, chemical & fertilizers and other industrial.
The next section of the report highlights the plastic strapping materials market, by region, and provides the market outlook for 2018–2026. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional plastic strapping materials market. Main regions assessed in this report include North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). The report (global plastic strapping materials market) evaluates the present scenario and growth prospects of the regional plastic strapping materials market for 2018–2026.
To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the plastic strapping materials market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis on how the plastic strapping materials market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis; based on supply side, downstream industry demand and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the plastic strapping materials market and identify the right opportunities across the market.
The global market size for plastic strapping materials was tracked from the production capacities for key manufacturers of plastic strapping materials across the world. The penetration of plastic materials in the global plastic strapping materials market was calculated accordingly. The same was validated through bottom-up approach.
The market segment for global plastic strapping materials market have been analysed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the plastic strapping materials market. Another key feature of global plastic strapping materials market is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the plastic strapping materials market. The overall absolute dollar opportunity along with the segmental split is mentioned in global plastic strapping materials market.
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To understand key growth segments in terms of growth and adoption for plastic strapping materials market. Globally, Transparency Market Research developed the plastic strapping materials market ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities.
In the final section of the report on plastic strapping materials market, the ‘dashboard view’ of the companies is provided, to compare the current industrial scenario and their contribution in total plastic strapping materials market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the plastic strapping materials marketplace.
The market segmentation is as follows –
By material, the global plastic strapping materials market is segmented as -
Polyester
Composite
Polypropylene
By Application, the global plastic strapping materials market is segmented as -
Corrugated Boxes
Heavy Loads
Skids & Pallets
Others
By End Use, the global plastic strapping materials market is segmented as -
Consumer Electronics
Building & Construction
Food & Beverage
Automotive
Textile
Transportation & Logistics
Chemicals & Fertilizers
Other Industrial
By Geography, the global plastic strapping materials market is segmented as -
North America
Latin America
Europe
Middle East & Africa (MEA)
Asia Pacific (APAC)
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