Global Polyester Straps Market Expected To Expand At Around 7.1% CAGR During The Forecast Period

Global Polyester Straps Market Size is All Set to Hit Reach $1,391.76 Million in 2026

As per the researchers at Zion Market Research, the valuation of the global polyester straps market size in 2019 was at about USD 750.87million and is projected to expand at around 7.1% CAGR during the forecast period to attain a value of USD 1,391.76 million by 2026. The major players active in the global polyester straps market include Signor Polymers Pvt. Ltd., North Shore Strapping Inc., Auto Strap India, S and K Packaging Industries, Consent LLC., Ruparel Polystrap Pvt. Ltd., Plastic Extruders ltd., Linder GmbH, Samuel Strapping, Narrowtex Pty, and Trinity Group.

Rising Demand From The Manufacturing Sector Likely To Drive Market Growth

Polyester straps are extensively utilized in numerous industries as they offer well-organized wrapping solutions. Furthermore, there is a rising need for products such as metal rods, timber, cables, iron, textile, and so on, which are utilized in the end-user applications and in the manufacturing sector. These products require to get shipped without hampering the products’ quality and this is where a key role is played by polyester straps. The more the requirement, the more will be the shipping activities and eventually, this will boost the need for polyester straps. All these factors are projected to help the global polyester straps market expand significantly in the coming period. Nevertheless, the market growth can be hampered to some extent by the remnant wrapping.

Based On Grade, Largest Market Share To Be Grabbed By Machine Grade Segment

In 2018, the biggest share in the global polyester straps market was captured by machine grade segment. Machine grade polyester straps are mostly utilized with strapping machines and extensively favored in industrial packaging activities. This is because of their high tension, strength, and stretch qualities. The weather-resistant properties and superior impact of machine grade polyester straps augment inclination to them in sectors like the automotive industry.

Asia Pacific Expected To Register Highest Market Growth During The Forecast Period

In North America, the expansion of the logistics and transportation sector has resulted in a rise in the number of goods shipped from one location to another. Thereby, as a strapping solution, the usage of polyester strapping for the shipping of such goods is also escalating. The polyester straps, in the logistics industry, are utilized by several producers for the transportation of a range of products, thus boosting the market growth in this region. Also, Asia Pacific plastic straps market is anticipated to expand at a considerable rate, in terms of value, in the years to come. The incessantly increasing middle-class population along with their rising disposable income and purchasing power has resulted in the expansion of the steel, bricks & tiles, and paper industries in this region. This, consequently, has resulted in the rise in demand for polyester straps, thus driving the market growth.

Browse the full “Global Polyester Straps Market - 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, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/polyester-straps-market

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

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