Plastic Straps Market is Expected to Register a Considerable Growth by 2026

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Plastic Straps Market.

The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Plastic straps market is likely to witness an impressive CAGR of 19.2% during the forecast period.

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Segment Analysis

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. 

Plastic Straps Market Share: By End-Use Industry Type

Based on the end-use industry type, the market is segmented as steel, cotton, paper, fiber, bricks & tiles, and others. The paper segment is estimated to lead the market in the coming five years.

Plastic Straps Market Share: By Region

In terms of regions, Asia-Pacific is expected to register the highest growth in the coming five years in the global plastic straps market. China and India are the growth engines of the region. The market is sustained by rising disposable income and growing demand for plastic straps from various end-use industries. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.  

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Plastic Straps Market analysis report discusses the following heads in great detail:

·         Market structure: Overview, industry life cycle analysis, supply chain analysis

·         COVID-19 Impact Assessment

·         Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis

·         Market trend and forecast analysis

·         Market segment trend and forecast

·         Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.

·         Attractive market segments and associated growth opportunities

·         Emerging trends

·         Strategic growth opportunities for the existing and new players

·         Key success factors 

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