Plastic Straps Market Size, Share, Growth & Industry Trends by 2027

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

Publication Month: Oct 2020 | Report Code: TIPMC00002279 | No. of Pages: 193 | Category: Chemicals and Materials | Status: Published

The plastic straps market was valued at US$ 1,802.47 million in 2019 and is projected to reach US$ 5,714.12 million by 2027; it is expected to grow at a CAGR of 15.7% from 2020 to 2027.

The demand for plastic straps is growing on account of surge in demand for better packaging and logistics industry across the globe. Further, rise in paper and construction industry provide a growth opportunity for the plastic straps market. Additionally, 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.

The North America region possesses the largest share in the global plastic straps market. The largest market share of the North America region is primarily attributed to the rise in production and consumption of plastic straps market in developed and developing economies of North America. US is considered to be one of the largest markets where the demand and production of plastic straps is significantly high. The other economies following the growth pattern of plastic straps market includes Canada and Mexico. North America region significantly contributes to the growth of the plastic straps market owing to factors such as rapid urbanization along with growing inclination towards better logistics and packaging industry advanced products backed by rise in disposable income. Apart from this, the presence of major manufacturers in the region which is substantially driving the growth of plastic straps market in the region.

The US, Brazil, India, Russia, South Africa, Mexico, Spain, and the UK are among the most affected countries in terms of confirmed cases and reported deaths as of August 2020. COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global chemical and materials industry are one of the major industries suffering serious disruptions such as supply chain breaks, disruptions in manufacturing due to COVID-19 outbreak. For instance, China is the global hub of manufacturing and the largest raw material supplier for various industries. The lockdown of various plants and factories in China and leading regions such as Asia Pacific and Europe are affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods. All these factors have greatly affected the global plastic straps market.

Global Plastic Straps Market

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Market Insights

Development of Bio- Based Plastics Driving Market Growth

The development of bio-based plastics is one of the major trends seen in the global plastic straps industry. Demand for biodegradable plastic products is growing rapidly in industrial and consumer goods applications, especially in the packaging industry. Bio-based plastics, which are made of biodegradable base materials used in bio-based plastic straps, have further extended the scope of plastic straps in the industrial and consumer goods industries. The growing demand for waste management has also given a boost to the bio-based plastics industry. As bio-based and sustainable raw materials are emerging in emerging markets, bio-based plastics are expected to be useful in different new applications in the future. Nowadays, some companies are adopting eco- friendly plastic strappings for environmentally conscious and improve the packaging process. PET strapping is made entirely from PET bottles, which are collected and distributed to the economy by converting them into new products.

Type Insights

Based on type, the plastic straps market is segmented into polyester straps, polypropylene straps, nylon straps, paper straps, composite straps, and corded & woven straps. The polypropylene straps segment accounted for the largest share of the global market in 2019; whereas, the polyester straps segment is expected to grow at the highest CAGR during the forecast period. The polyester straps have emerged as a feasible option to steel strapping as there was a problem of corrosion with steel, but with the advent of the polyester strap, it has been tackled. Earlier, steel strapping was used to wrap the products until polyester straps were introduced in the market. However, this resulted in the deteriorating quality of products packed with it as steel tends to corrode. This had a detrimental effect on the transportation industry and other allied industries. Due to this, the market for alternative strapping solutions began to emerge, which also had to be light and gentle. As a feasible alternative to steel strapping, this has led to an increase in the use of polyester straps. Manufacturers have been agile in capitalizing on the advantages of polyester strapping, and, as a result, there is increased demand for polyester straps in the market. There is an increasing demand for polyester straps in the North America region because polyester straps serve as a durable, low-cost solution in the automobile industry. Also, polyester straps are cheaper and cost-effective than other strapping solutions, especially steel strapping.

Plastic Straps Market, by Type – 2019 and 2027

Plastic Straps Market, by Type – 2019 and 2027

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End Use Insights

Based on end use, the plastic straps market is segmented into fiber, steel, cotton, paper, and bricks and tiles. The paper segment accounted for the largest share of the market in 2019, whereas the cotton segment is expected to register the highest CAGR during the forecast period. Cotton is non-abrasive and soft enough to make a tight grip on the buckles. Owing to the smooth, non-abrasive properties of cotton fiber, cotton is still commonly used in clothing and home furnishings. Cotton webbing belts and straps can be used in many places and industries, also. It is used for the production of straps, belts, and tie-downs. There is a growing of plastic straps for packaging containers and boxes of cotton bale for better safety of the product.

Strategic Insights

Report Coverage - Plastic Straps Market
Report CoverageDetails
Market Size Value inUS$ 1,802.47 Million in 2019
Market Size Value byUS$ 5,714.12 Million by 2027
Growth rateCAGR of 15.7% from 2020-2027
Forecast Period2020-2027
Base Year2020
No. of Pages193
No. of Tables56
No. of Charts & Figures66
Historical data availableYes
Segments coveredType and End Use , and Geography
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Mergers and acquisition and research and development are commonly adopted by companies to expand their footprint worldwide, which is further impacting the size of the market. Teufelberger Stralsund GmbH, Cyklop International, FROMM Group, Polychem Corporation, and Crown Holdings, Inc. are amongst the major market players operating in the plastic straps market. These companies offer their products worldwide, which helps them in catering to a wider customer base. These major players in the market are highly focused on the development of high quality and innovative products to fulfill the customer’s requirements.


Report Spotlights

  • Progressive industry trends in the global plastic straps market that help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the plastic straps market from 2017 to 2027
  • Estimation of global plastic straps demand across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the competitive market scenario and global plastic straps demand
  • Market trends and outlook, and factors driving and restraining the growth of the market
  • Understanding of strategies that underpin commercial interest with regard to global plastic straps market growth, which facilitates effective decision-making process
  • Plastic straps market size at various nodes of market
  • Detailed overview and segmentation of the market, as well as dynamics in the industry
  • Global plastic straps market size in various regions with promising growth opportunities in the these regions

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

  • Teufelberger Stralsund GmbH
  • Cyklop International
  • FROMM Group
  • Auto Strap India
  • CONSENT L.L.C
  • DuBose Strapping, Inc.
  • LINDER GmbH
  • PAC Strapping Products, Inc.
  • Crown Holdings, Inc.
  • Polychem Corporation

Frequently Asked Questions

The polypropylene straps segment accounted for the largest share of the global market in 2019; whereas, the polyester straps segment is expected to grow at the highest CAGR during the forecast period. The polyester straps have emerged as a feasible option to steel strapping as there was a problem of corrosion with steel, but with the advent of the polyester strap, it has been tackled.
cotton segment is expected to register the highest CAGR during the forecast period. Cotton is non-abrasive and soft enough to make a tight grip on the buckles. Owing to the smooth, non-abrasive properties of cotton fiber, cotton is still commonly used in clothing and home furnishings. Cotton webbing belts and straps can be used in many places and industries, also. It is used for the production of straps, belts, and tie-downs. There is a growing of plastic straps for packaging containers and boxes of cotton bale for better safety of the product.
The major players operating in the global plastic strap market are Auto Strap India; CONSENT L.L.C; Cyklop International; DuBose Strapping, Inc.; FROMM Group; LINDER GmbH; Crown Holdings, Inc.; PAC Strapping Products, Inc.; Polychem Corporation; Teufelberger Stralsund GmbH and among others.
In 2019, North America region possesses the largest share in the global plastic straps market. The largest market share of the North America region is primarily attributed to the rise in production and consumption of plastic straps market in developed and developing economies of North America. US is considered to be one of the largest markets where the demand and production of plastic straps is significantly high. The other economies following the growth pattern of plastic straps market includes Canada and Mexico.
The development of bio-based plastics is one of the major trends seen in the global plastic straps industry. Demand for biodegradable plastic products is growing rapidly in industrial and consumer goods applications, especially in the packaging industry. Bio-based plastics, which are made of biodegradable base materials used in bio-based plastic straps, have further extended the scope of plastic straps in the industrial and consumer goods industries. The growing demand for waste management has also given a boost to the bio-based plastics industry. Nowadays, some companies are adopting eco- friendly plastic strappings for environmentally conscious and improve the packaging process. PET strapping is made entirely from PET bottles, which are collected and distributed to the economy by converting them into new products.
Mergers and acquisition and research and development are commonly adopted by companies to expand their footprint worldwide, which is further impacting the size of the market. Teufelberger Stralsund GmbH, Cyklop International, FROMM Group, Polychem Corporation, and Crown Holdings, Inc. are amongst the major market players operating in the plastic straps market. These companies offer their products worldwide, which helps them in catering to a wider customer base. These major players in the market are highly focused on the development of high quality and innovative products to fulfill the customer’s requirements.

The List of Companies - Plastic Straps Market

  1. Auto Strap
  2. Consent L.L.C
  3. Crown Holdings, INC.
  4. Cyklop Nederland B.V.
  5. Dubose Strapping INC.
  6. FROMM PACKAGING
  7. Linder GMBH
  8. PAC Strapping Products, INC.
  9. Polychem Corporation
  10. Teufelberger Holding Aktiengesellschaft
  • Highlights key business priorities to assist companies realign their business strategies.

  • Features key findings and crucial progressive industry trends in the global plastic straps market, thereby allowing players to develop effective long-term strategies.

  • Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.

  • Scrutinizes in-depth market trends as well as key market drivers and restraints.

  • Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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