The global plastic straps market is forecast to reach USD 3.88 Billion by 2026, according to a new report by Reports and Data. This type of straps is known for its enhanced flexibility, higher strength, and ease of handling as compared to other kinds of straps. Significant growth is projected to be observed by the market. One of the mentionable factors, spurring market growth, is the presence of traits as mentioned earlier of this strap, which has resulted in its increased use and popularity among end-users. Furthermore, as compared to other types of straps, it is highly water-resistant, which results in an enhanced protection of the bundled or packaged goods. The mentioned traits has also resulted in its elevated preference among end-users.
Another major contributing factor supporting the growth of the market is the availability of the strap in wide variants of strapping and bundling materials like Polyester strap and Polypropylene strap. The rising awareness about the need for using environment-friendly products and the need to minimize pollution has resulted in changing the preference of end-users. To meet the changing choice of customers, bio-based plastics have been developed. Development of this plastic are opening up new avenues for the operation of the manufacturers of this strap. The expansion of the construction industry is also acting as an opportunity for the growth of the market. As an instance, substantial investments have been made on Jeddah Economic City by the Saudi Arabian government. Increasing investments in infrastructural projects and construction would elevate the demand for this strap. In context to region, North America occupies a considerable market share. The growth of the logistics and manufacturing industries, the well-established electronics sector contributes to the growth of the market in this region.
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Further key findings from the report suggest:
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For the purpose of this report, Reports and Data have segmented the global plastic straps market according to Product Type, Joining Methods, Application, End-user, and Region:
Product Type Outlook (Volume, Million Meters; Revenue, USD Billion; 2016-2026)
Joining Methods type Outlook (Volume, Million Meters; Revenue, USD Billion; 2016-2026)
Application Type Outlook (Volume, Million Meters; Revenue, USD Billion; 2016-2026)
End-user Type Outlook (Volume, Million Meters; Revenue, USD Billion; 2016-2026)
Regional Outlook (Volume, Million Meter; Revenue, USD Billion; 2016-2026)
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technology
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Plastic Straps Market Segmentation & Impact Analysis
4.1. Plastic Straps Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
Continue…
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