In the world economic growth, the Strapping industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Strapping market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Strapping market size will be further expanded, we expect that by 2024, The market size of the Strapping will reach XXX million $.
Strapping is the process of applying a strap to the packaged materials in order to hold, reinforce, and stabilize the product. Strapping products are widely used across the packaging industry for packaging of the product as they exhibit excellent properties such as high elongation, tension resistance, and high strength which offer ideal packaging of products by protecting them from damages during transportation. Strapping materials are gaining huge demand from toiletries, cosmetics, healthcare, food & beverages, and household products. Strapping materials are available in different grades with different classifications. Moreover, strapping products does not only facilitate effective packaging but also reduces overall logistic costs. The strapping product can be categorized into polypropylene, steel, nylon, polyester, and others such as composites, paper, woven, etc.
The growing application of strapping products across various industries such as food & beverages, paper & printing, and building & construction is primarily fueling the market growth of strapping materials. Moreover, the growing packaging industry around the globe is due to emerging healthcare packaging and consumer goods packaging segments, especially in the Asia Pacific region is again fueling the market growth. According to the Economic Times, the market size of the Indian packaging industry is expected to touch USD 72.6 billion by FY20 on account of rising population and income levels.
Moreover, the increasing introduction of innovative strapping materials by major players in order to meet the rising demand for advanced strapping products is further projected to propel market growth. For instance, in March 2017, Kite Packaging has launched a range of high-quality corded polyester straps for their online customers – available in the three most popular widths on the market. A corded polyester strap is an ideal solution for securing heavy loads and is a lighter more user-friendly alternative to steel strapping.
From the geographical perspective, Asia Pacific is projected to gain significant growth over the forecast timeframe and this is attributed to the increasing number of manufacturing industries such as food & beverages, paper & printing, packaging, and building & construction. Moreover, the rising adoption of smart strategies such as partnership and agreement among major players in order to expand their presence is further projected to propel the regional market growth. For instance, in January 2018, FindTape announces a new relationship with Tesa tape, Inc., a leading manufacturer of pressure-sensitive adhesives serving the appliance, automotive, building supply, electronics, industrial, paper and print, and transportation industries.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution, etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
Signode
M.J.Maillis Group
Samuel Strapping
Cordstrap
Dynaric，Inc
FROMM Group
Anshan Falan
Baosteel
Bhushan Steel
Youngsun
Messersì Packaging
Mosca
Scientex Berhad
Teufelberger
Linder
Granitol a.s.
TITAN Umreifungstechnik
MiDFIELD INDUSTRIES LTD
Brajesh Packaging
Polivektris
Strapack
Cyklop
Polychem
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Steel Strapping
Plastic Strapping
Industry Segmentation
Wood Industry
Paper Industry
Building Industry
Textile Industry
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: 500 Conclusion
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