Plastic Straps Market to See Strong Expansion Through 2026

The Plastic Straps market report from Stratview Research is an in-depth study of the market dynamics across the globe. The study will cover the market intelligence and information for a period of 12 years from 2015 to 2026. The base year for the study is 2020.

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Plastic Straps Market Forecast:

Post pandemic, the market Is expected to rebound from 2021 onwards posting a modest CAGR till 2026. Plastic straps market is likely to witness an impressive CAGR of 19.2% during the forecast period. The increasing use of plastic straps in end-use industries, such as bricks & tiles, paper, cotton, and steel drives the market globally.

The market forecast is arrived at after conducting scenario analysis. The global forecast will include market size for three different scenarios: Pessimistic, Most-likely, and Optimistic. The scenario analysis will help the stakeholders and market players to plan their market spending and budgeting for the short- to medium-term strategy period.

Note: The report will be updated for the forecast period of 2021 – 2026 and will incorporate the impact of COVID-19.

Key Players :

Crown Holdings, Fromm Packaging Systems, Messers Packaging, Polychem Corporation, Scientex Berhad, Mosca Direct Limited, Dubose Strapping, PAC Strapping Products, and Auto Strap India.

Plastic Straps Market Segment Analysis:

The report has segmented the market in 3 ways. The report provides detailed insights about the segment and attractive opportunities in each segment. Market attractiveness analysis helps the market participants to prioritize the sales and marketing activities to reap benefits from the attractive segments and increase market share and revenues.

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Based on the type, the market is segmented as polyester straps, polypropylene straps, nylon straps, and others. The polypropylene straps segment dominated the market in 2018, and is expected to remain dominant during the forecast period. The growth is owing to properties, such as elevated flexibility, high-tensile strength, and ease of handling.

COVID-19 IMPACT

COVID-19 has impacted almost all the businesses, small or big, present in any sector. The dynamics of Plastic Straps market have seen a huge shift in the year 2020. The market environment and the way of operations have taken a huge turn and have led to many changes in the processes, which will have repercussions for a long period. 2021 is likely to be better than 2020 for the Plastic Straps market players as most of the businesses have resumed their operations and the demand is getting restored for them.

Plastic Straps Market Competitive Landscape:

The Plastic Straps report benchmarks the major competitors on critical parameters, some of which are mentioned below:

  • Revenues from the Plastic Straps market
  • Geographic presence
  • Products launches and innovation
  • Market Share
  • Strategic alliances
  • Product & Geographic alignment with the market
  • Regional dominance of the competitors

The Plastic Straps market report is the outcome of rigorous analysis of the factors impacting the market size and forecast. Thousands of articles, whitepapers, reports, and millions of data are analysed to drive meaningful insights about the market. Exploratory and in-depth primary interviews are conducted with the industry veterans to gain important insights which are critical for market analysis and forecasting.

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