Global Polyester Straps Market Size, Share, Analysis, Trends, Growth, 2032
Global Polyester Straps Market Size - By Application (Iron & Steel, Construction, Textile, Glass & Ceramics, And Others), By Grade (Machine Grade And Hand Grade), By Type (Polyethylene Terephthalate (PET) Straps And Polypropylene (PP) Straps), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 1256.1 Million | USD 2585.67 Million | 7.5% | 2023 |
Polyester Straps Market Insights
According to Zion Market Research, the global Polyester Straps Market was worth USD 1256.1 Million in 2023. The market is forecast to reach USD 2585.67 Million by 2032, growing at a compound annual growth rate (CAGR) of 7.5% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Polyester Straps industry over the next decade.
The report offers a valuation and analysis of the Polyester Straps market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Million).
Polyester Straps Market: Overview
Polyester strap is a wrapping packaging solution that is utilized for securing the transport of materials including wooden crates, iron bars, steel bars, cables, pipes, riling sheets, and coils. Furthermore, this packaging material is utilized for wrapping as well as unwrapping of a product. These packaging substances are prominently utilized in the transport & shipping sectors. Apparently, these materials are light in weight apart from being inexpensive in comparison to steel wraps. Additionally, they can be utilized many times and hence they have gained popularity in the transport & shipping industries.
Furthermore, polyester straps provide safe, durable, and sustainable packaging solutions. Unlike steel wraps, polyester straps do not cause unnecessary product wastage due to rust and damage. In addition to this, the polyester strap is produced from polyethylene terephthalate and polypropylene compounds.
Polyester Straps Market: Growth Factors
Humungous demand for cables, metal sheets, textiles, film rolls, and timbers will prompt the expansion of polyester straps industry over the ensuing years. In addition to this, the product is also utilized in palletisation and building materials including carton wrappings and bottles. Apart from this, it finds lucrative application in wrapping of plywood, roofing tiles, plaster bonds, and timber. Additionally, massive utilization of polyester straps in food & beverages sector will proliferate the market demand over the estimated timeline.
Furthermore, extensive use of polyester straps in paper & printing items like tissue papers, specialty papers, coated papers, and writing & printing papers will embellish the growth graph of polyester straps industry over the ensuing years. Apparently, increase in the shopping and ecommerce activities will steer the expansion of polyester straps industry over the forthcoming years.
Polyester Straps Market: Segmentation
The Polyester Straps Market can be segmented based on type, width, breaking strength, application, and region.
By type, it includes embossed and smooth polyester straps, each offering different levels of flexibility and durability.
Based on width, the market ranges from narrow to wide straps, catering to various packaging needs. The segmentation by breaking strength categorizes straps by their tensile strength, used for light, medium, and heavy-duty applications.
In terms of application, the market serves industries such as packaging, logistics, construction, and automotive, where polyester straps are used for securing loads.
Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with growth driven by industrial expansion and increasing demand for safe packaging solutions.
Polyester Straps Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Polyester Straps Market |
| Market Size in 2023 | USD 1256.1 Million |
| Market Forecast in 2032 | USD 2585.67 Million |
| Growth Rate | CAGR of 7.5% |
| Number of Pages | 110 |
| Key Companies Covered | Linder GmbH, Ruparel Polystrap Pvt. Ltd., Signor Polymers Pvt. Ltd., North Shore Strapping Inc., Narrowtex Pty, Auto Strap India, S and K Packaging Industries, Samuel Strapping, Consent LLC., Plastic Extruders ltd., Trinity Group, |
| Segments Covered | By Grade, By Type, By Application And By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Polyester Straps Market: Regional Insights
Asia Pacific Market To Register Highest Growth Rate Over 2024-2032
The growth of the market in the region over the forecast timespan is due to large-scale demand for polyester straps in countries like New Zealand, China, Australia, Japan, and India. Apart from this, a large number of multinational firms are making huge investments in the production sector and this will steer the business growth over the forecast timespan.
Polyester Straps Market: Competitive Space
Key participants profiled in the report include
- Linder GmbH
- Ruparel Polystrap Pvt. Ltd.
- Signor Polymers Pvt. Ltd.
- North Shore Strapping Inc.
- Narrowtex Pty
- Auto Strap India
- S and K Packaging Industries
- Samuel Strapping
- Consent LLC.
- Plastic Extruders ltd.
- Trinity Group.
The global polyester straps market is segmented as follows:
By Grade
- Hand grade
- Machine grade
By Type
- Polyethylene Terephthalate (PET) Straps
- Polypropylene (PP) Straps
By Application
- Construction
- Iron and Steel
- Glass and Ceramics
- Textile
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content
Methodology
FrequentlyAsked Questions
Humungous demand for cables, metal sheets, textiles, film rolls, and timbers will prompt the expansion of polyester straps industry over the ensuing years. In addition to this, the product is also utilized in palletisation and building materials including carton wrappings and bottles. Apart from this, it finds lucrative application in wrapping of plywood, roofing tiles, plaster bonds, and timber. Additionally, massive utilization of polyester straps in food & beverages sector will proliferate the market demand over the estimated timeline.
According to Zion Market Research, the global Polyester Straps Market was worth USD 1256.1 Million in 2023. The market is forecast to reach USD 2585.67 Million by 2032, growing at a compound annual growth rate (CAGR) of 7.5% during the forecast period 2024-2032.
Asia Pacific is likely to make noteworthy contributions towards overall Polyester Straps Market revenue. The growth of the market in the region over 2020-2026 can be ascribed to large-scale demand for polyester straps in countries like New Zealand, China, Australia, Japan, and India. Apart from this, a large number of multinational firms are making huge investments in the production sector and this will steer the business growth over the forecast timespan.
The key players profiled in the report include Linder GmbH, Ruparel Polystrap Pvt. Ltd., Signor Polymers Pvt. Ltd., North Shore Strapping Inc., Narrowtex Pty, Auto Strap India, S and K Packaging Industries, Samuel Strapping, Consent LLC., Plastic Extruders ltd., and Trinity Group.
Straps made of polyester are a form of synthetic strapping material that is frequently utilised for the purpose of securing and binding loads prior to transportation or while they are being stored. They are manufactured up of high-strength polyester fibers, which are then woven together to make a robust and flexible strap that is resistant to moisture, UV radiation, and the majority of chemicals.
These straps can also be folded without losing their shape. Polyester straps are available in a wide range of widths, lengths, and strengths to accommodate a wide variety of uses. In most cases, they are used in conjunction with other instruments for tensioning and sealing in order to provide a seal that is both tight and secure around the load. When compared to other materials used for strapping, such as steel or nylon, polyester straps have the advantages of being lightweight, easy to handle, and resistant to rust and corrosion. Because they are simple to recycle and do not have any pointed edges, they are not only easier to manipulate but also safer to throw away and dispose of.
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