Strapping Materials Market growth
outlook with industry review and forecast 2019-2025

Global Market Insights, Inc present the report on global strapping materials market evaluates the growth trends of the
industry through historical study and estimates future prospects based on
comprehensive research. The report extensively provides the market share,
growth, trends and forecasts for the period 2019-2025.

Strapping materials market size will see
noticeable gain during the forecast timeframe owing to rising demand from
packaging industry. Strapping is the procedure to apply a strap to an object to
reinforce, combine, hold, stabilize, or fasten it. Strapping materials are widely
used in packaging industry, since they exhibit superior properties such as
tension resistance, high elongation and possess high tensile strength which
facilitate in packaging of construction materials and metals. Packaging
techniques add value, marketability label, ensure safety, barrier protection,
strength, convenience, and provide an extended shelf life to the product.
Increasing demand from healthcare, cosmetics, toiletries, food & beverages
and household products will drive product demand over the forecast timeframe.

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Strapping is used in a variety of
industries from shipping large industrial equipment to reinforcing cases in
e-commerce fulfilment centers. Rising demand for consumer electronics, medical
devices, household appliances, textile goods and pharmaceutical products, along
with flourishing e-commerce industry and improved logistics operations shall
augment strapping material market demand in near future.

Strapping materials are available in
different strengths with specific grades and classifications and these grades
are described by ASTM International and American Association of Railroads. In
addition, effective strapping not only reduces logistical expenses but also
facilitate warehousing of goods. It can be used as a substitute to wrap since
strapping protect goods from damage and spoilage while shipping or handling the
product. Growing awareness among people for recycling plastics and government
initiatives to sustainable manufacturing practices coupled with expansion of
export trading industry will create lucrative opportunities for the overall
strapping material industry growth. However, use of steel strapping is
declining due to its high cost, recycling abilities and sharp edges that cause
trouble in product handling.

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As per materials, the strapping materials
market can be classified into steel, polypropylene, polyester, nylon and others
such as paper, composites, woven, etc. Polyester based straps are gaining
popularity owing to properties of invariable tension on load while
transportation and greater elongation recovery. On the other hand,
polypropylene based straps offer the advantage of shrinking or elongation from
its original shape and size. These are cost-effective, lightweight material
available in various width and thickness and widely utilized in bundling and
palletizing. Steel straps are mainly used in metal and construction industry
where heavy duty loads such as metal bars, rods, and coils are to be handled.
Steel straps withstand rough handling of heavy goods during transportation due
to their lesser elongation recovery, high break strength, durability and UV
Resistance.

The application areas of strapping
material market include food & beverage, industrial logistics, consumer
electronics, building & construction and others such as textile, metals
etc. Strapping material mainly depends on the end-user mobility, as they
facilitate bundling items together for handling and shipments. It also provides
extended applicability in reinforcing, attaching and load securing in these
application areas. Industrial logistics has seen a gradual rise in nations
including UK and Germany which are logistics hub in entire Europe, and this
will propagate air cargo and waterway transport. This in turn will positively
influence product demand in near future.

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Asia Pacific will witness significant
growth rate in China, India, South Korea owing to rising product application in
industries such as food & beverages, building & construction, paper
& printing, etc. Europe is another substantial market in the global
strapping material market. The European Union’ s ban on non-recyclable plastic
and the need to curb pollution from manmade plastics & synthetic polymers
is likely to drive market in the region. Moreover, easy availability of raw
material shall benefit global strapping material market over the forecast
timeframe.

Prominent players operating in global
strapping material market include 3M, Cyklop International, Dynaric, Polychem
Corporation, Milan Ligocki UNIPACK, Signode Packaging Systems Corporation,
Plastofine Industries, Crawford Packaging, Titan Umreifungstechnik, Mosca GmbH,
Signor Polymers, StraPack, Inc. Martin Packaging and Panorama Packaging.
Players are continuously incorporating acquisitions & mergers, as their key
growth strategy.

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