Asia Pacific Plastic Straps Market to Grow at a CAGR of 16.6% to reach US$ 1,628.53 Million from 2020 to 2027

Asia Pacific Plastic Straps Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Polyester Straps, Polypropylene Straps, Nylon Straps, Paper Straps, Composite Straps, Corded and Woven Straps); End Use (Fiber, Steel, Cotton, Paper, Bricks and Tiles, Others), and Country

Publication Month : Nov 2020

  • Report Code : TIPRE00016356
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 119
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The Asia Pacific plastic straps market was valued at US$ 484.65 million in 2019 and is projected to reach US$ 1,628.53 million by 2027; it is expected to grow at a CAGR of 16.6% during the forecast period 2018-2027.

A plastic strap is a flexible flat material which helps to combine, hold, reinforce, or fasten an item. Plastic strapping used for packaging is a generic term used to describe all non-metallic straps and includes extruded polypropylene & polyester straps together with corded or woven polyester straps. The growth of plastic straps market is driven by the increasing use of plastic straps in the paper, steel, and bricks & tiles industries. Plastic strapping materials are produced from polypropylene, polyester, and are available in a wide variety of styles, strengths, and finishes. Strapping can be applied either automatically with a strapping machine or manually with a hand tool. Strapping is widely used across many industries, including shipping large industrial equipment to e-commerce fulfillment centers. Different products of strapping material are available with specific classifications and grades.

China contributed to the largest share of the Asia Pacific plastic straps market. China is heavily contributing to this market since it is known as the manufacturer’s hub. The Chinese economy is flooded with manufacturing as well as assembly units of some of the major manufacturers of plastic straps and packaging industries. The rising production capacity of these products is creating a strong market presence. Additionally, China has the largest population in the APAC region, and this leads to the growing demands for food & beverage, consumer goods, consumer electronics, transportation, and many other services & products, which in turn will lead to the plastic straps market growth in China. The low manufacturing, as well as capital costs in China, attract new investment & better opportunities for packaging businesses in the region.

Impact of COVID-19 Pandemic on Plastic straps Market

COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then it has spread across the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst affected countries in terms of confirmed cases and reported deaths as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The overall market breakdown due to COVID-19 is also affecting the growth of the plastic straps market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.

Rest Of Asia Pacific Plastic Straps Market

Market Insights

Rising preference for lightweight and low-cost strapping materials

Plastic straps are made of polypropylene and polyester materials and are available in a wide variety of designs, strengths, and finishes. These straps are increasingly used in a wide range of industries, such as steel, paper, cloth, cotton and bricks, and tiles. In the last several years, the popularity of plastic strapping has risen over many other packaging options. This is mainly due to the cost-saving advantages plastic strapping offers over its competitive products and efficiency benefits. Metal seals are not required in plastic strapping because either friction or heat seal is used to weld the strap. Also, damage to goods is significantly reduced at a lower cost per foot without metal seals, and it is created at a lower price. Plastic strapping is developed in compliance with the toughest industry tolerances. It is approved for the use of both brick and timber. It is ideal for heavy-duty loads when good initial tension and retained tension are required because they have splendid retained tension properties. This way, even after the package has settled or its size has shrunk, the strap stays tight around the load.

Type-Based Market Insights

Based on type, the plastic straps market is segmented into polyester straps, polypropylene straps, nylon straps, paper straps, composite straps, corded and woven straps. The polypropylene straps segment accounted for the largest share of the Asia Pacific plastic straps market in 2019. Polypropylene is used for a broad range of different products because of the fatigue resistance, which means that it can be used on high-pressure products, such as hinge mechanisms on water bottles and more. It is also used for the production of piping systems and seats, as well as for medical or laboratory use. Moreover, the extensive usage of propylene-based straps in the packaging industry is also expected to drive the demand for these straps over the coming years.

Asia Pacific Plastic Straps Market, by Type – 2019 and 2027

End Use Market Insights

Based on end use, the plastic straps market is segmented into fiber, steel, cotton, paper, bricks and tiles, and others. In 2019, the paper segment accounted for the largest share of the Asia Pacific plastic straps market; however, the cotton segment is expected to register the fastest CAGR during the forecast period. For convenient handling and shipping of newspapers, plastic straps are used for bundling items. Also, the growing demand for plastic straps in the paper industry is likely to propel the market's growth for plastic straps in the coming years. For packaging companies worldwide, environment-friendly packaging solutions have become a trend rather than an exception. The profound shift in corporate standards, government policy, trade regulations, and customer preferences has led to a paradigm shift in the packaging industry towards eco-friendly solutions. The newspaper and graphics has been rising in emerging economies due to the increased production and distribution of various magazines and print advertising.


Plastic straps Market – By Type

  • Polyester Straps
  • Polypropylene Straps
  • Nylon Straps
  • Paper Straps
  • Composite Straps
  • Corded and Woven Straps

Plastic straps Market – By End Use

  • Fiber
  • Steel
  • Cotton
  • Paper
  • Bricks and Tiles
  • Others

Company Profiles

  • Auto Strap India
  • Cyklop International
  • FROMM Group
  • LINDER GmbH
  • Crown Holdings, Inc.
  • Teufelberger Stralsund GmbH
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, End Use, and Country

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, China, Japan, South Korea

The List of Companies - Asia Pacific Plastic Straps Market

  1. Auto Strap India
  2. Cyklop International
  3. FROMM Group
  4. LINDER GmbH
  5. Crown Holdings, Inc.
  6. Teufelberger Stralsund GmbH   

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

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Below is the breakup of our primary respondents by company, designation, and region:

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Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

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Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

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We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

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The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

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Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

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