Plastic Straps Market is expected to grow at a CAGR of 19.2% during the next five years, according to a newly added report by Stratview Research. The increasing use of plastic straps in end-use industries, such as bricks & tiles, paper, cotton, and steel drives the plastic straps market globally.
The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in five ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020-2025.
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As per the report, among different types, the polypropylene straps segment dominated the market in 2018 and is expected to remain dominant during the forecast period. The growth is owing to properties, such as elevated flexibility, high-tensile strength, and ease of handling.
The paper segment is estimated to lead the market in the coming five years, in the segment of end-use industry type.
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Asia-Pacific is expected to register the highest growth in the coming five years in the global plastic straps market. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.
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The report further mentions the key manufacturing players Crown Holdings, Fromm Packaging Systems, Messers Packaging, Polychem Corporation, Scientex Berhad, Mosca Direct Limited, Dubose Strapping, PAC Strapping Products, and Auto Strap India who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the plastic straps market that can be helpful for interested clients in analyzing the market and making the right decisions accordingly.
Salient Features of the Report
The report on Plastic Straps Market is a well-researched work after analyzing of various data from different reliable sources. The report included some of the salient features such as:
- Market structure,
- Market environment analysis,
- Market trend and forecast analysis,
- Market segment trend and forecast,
- Competitive landscape and dynamics,
- Attractive market segments and associated growth opportunities,
- Emerging trends,
- Strategic growth opportunities for the existing and new players,
- Key success factors
About Stratview Research:
Stratview Research is a global research company offering custom research and market research reports for interested clients in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.
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