Plastic Strapping Market Size, Share, Growth, And Industry Analysis By Type (PP Strapping, PET) By Application (Wood, Paper, Food and Beverage, Textile, Others), Regional Insights and Forecast From 2025 To 2033

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PLASTIC STRAPPING MARKET REPORT OVERVIEW

The global plastic strapping market size was valued at USD 2.27 billion in 2024 and is projected to touch USD 2.67 billion by 2033, at a CAGR of 1.8% during the forecast period from 2025 To 2033.

Plastic straps are the bundling materials that are used to wrap around a certain item to combine, strengthen, keep, stabilize, or secure it. These straps are also known as strapping, which is a term used in the packaging sector. The construction sector, as well as the paper and cotton sectors is likely to see significant expansion in the use of plastic straps.

Due to their stronger strength, greater flexibility, better elongation qualities, and ease of handling, these straps have a wide range of applications in numerous end-use sectors, which contribute to their high demand. Additionally, it is anticipated that over the next few years, the packaging industry's extensive use of straps made of propylene will fuel demand for these straps.

COVID-19 IMPACT

"COVID Pandemic Slows Down Expansion Hence Restricts The Market Growth"

The plastic strap market was badly impacted when the COVID-19 outbreak started. Despite the pandemic-related crises' enormous market demand, the logistics/shipping, repackaging, and retail sectors suffered large income losses. The production of numerous essential raw materials used to make plastic straps was also interrupted by the lockdown mandates, which led to higher pricing and diminishing market demand.

The good news is that the market is quickly getting back to normal as a result of continuously rising demand. Additionally, there would be significant market prospects due to the growing use of plastic straps in packaging, as well as increased production activities and demand for storage and distribution applications. In 2021 and beyond, the market is anticipated to take up and expand considerably more.

LATEST TRENDS

"Plastic Straps Wide Applicability In Industries Leading Market Growth"

The plastic straps market is divided into steel, cotton, paper, fiber, bricks and tiles, and others based on the end-use industries. Paper was one of the top end-use industries in the plastic straps market historically among all other industries. The demand for strapping material is increasing along with the demand for consumer electronics, medical equipment, and pharmaceutical products, which is driving the expansion of the plastic straps market.

In the industrial sectors, cutting costs is of utmost importance. Massive industrial expansion is giving the plastic straps market more room to expand and prosper. As a result, plastic straps are gaining ground and are beginning to grow. A potential solution that could open up new industry prospects is biodegradable straps. The eco-threats created by plastic can unquestionably be eliminated with the development of bio-plastic.

PLASTIC STRAPPING MARKET SEGMENTATION

By Type

According to type, the market can be segmented into PP Strapping, PET Strapping. PP Strapping is anticipated to have the dominant market share.

By Application

Based on application, the market can be divided into Wood, Paper, Food and Beverage, Textile, Others. Wood will be dominating segment during forecast period.

DRIVING FACTORS

"Introduction Of Bio Based Plastic Has A Positive Effect On Market Growth"

The plastic strap market is showing encouraging signs of expansion as consumer demand rises steadily. The need for plastic straps is driven by the industries with the fastest growing economies, including manufacturing, construction, and air & freight. Additionally, the market size is increased by the industry's accelerating growth in the air and military transport sectors, which is expected to continue growing. Global industrialization is advancing quickly, which is one of the main factors fueling market expansion.

The expansion of airports around the world is a sign of the air cargo industry's growth. Furthermore, straps are made from polypropylene resin in the e-commerce sector. Consequently, they are lighter and cheaper than metal straps. Additionally, the e-commerce sector is a major driver of the shipping sector. The most common material used to make plastic straps is polypropylene resin. The need for plastic straps would rise along with the number of massive freighters operating continuously.

"Rise In Automotive Production Leading Growth Of The Market"

To prevent any damage or manufacturing delays, automotive components like wheels, components, automobile body pieces, instruments, and spare parts must be safeguarded and packed with the utmost care. In order to prevent damage to the car's components during handling, shipment, and storage, plastic straps are available. The Organization Internationale des Constructeurs d'Automobiles (OICA) reports that in 2019, Malaysia's manufacturing of passenger automobiles climbed by 2.6%.

The International Trade Administration (ITA) states that China is the world's largest automotive market, and the Chinese government projects that 35 million vehicles will be produced by that year. The Organisation Internationale des Constructeurs d'Automobiles (OICA) estimates that 776,967 passenger automobiles were produced in Africa. The Organisation Internationale des Constructeurs d'Automobiles (OICA) estimates that Africa produced 776,967 passenger cars in 2018 and 787,287 in 2019, an increase of 1.3%. Therefore, more plastic straps will be needed for packaging vehicle components as a result of increased automation production, which will boost the market for plastic straps over the forecast period.

RESTRAINING FACTORS

Less Tolerance To High Temperature And Disadvantages Leading Growth Restrictions

Steel strapping's corrosive characteristics can harm food goods. The market for plastic strapping materials is being restrained in its growth by plastic wrapping films. Plastic wrapping films protect the objects from dust, moisture, and water in a way that plastic strapping materials cannot, while also unitizing and securing them. The manufacture of recycled plastic strapping materials aids in lowering manufacturing costs, which might give a competitive edge in the market for plastic strapping materials. Due to their inability to tolerate high temperatures, plastic strapping materials are still primarily used in the majority of industries as unitizing applications.

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PLASTIC STRAPPING MARKET REGIONAL INSIGHTS

"Asia Pacific Will Continue To Dominate The Market During Forecast Period"

The world market for plastic straps is dominated by the Asia Pacific region. The region's rapidly expanding end-user industries generate enormous market demand. The size of the regional market is increased by rapidly industrializing nations like China and India. Additionally, the region's market shares are supported by demand from numerous end-user industries like the transportation, packaging, and consumer products industries.

Particularly in India, Taiwan, and South Korea, growing demand from the packaging sector for plastic straps enables the area to capture a sizeable market share. The biggest market for plastic straps in the area is China, which is followed by Japan and India. It is anticipated that the North American plastic straps market will continue to dominate by a wide margin over the anticipated timeframe.

(North America, U.S.,Canada,Europe,Germany,France,U.K.,Italy,Russia,Asia-Pacific,China,Japan,South Korea,India,Australia,China Taiwan,Indonesia,Thailand,Malaysia,Latin America,Mexico,Brazil,Argentina)

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Top Plastic Strapping Companies

• Signode (U.S.)
• M.J.Maillis Group (U.K.)
• Dynaric, Inc (U.S.)
• Cordstrap (Netherlands)
• FROMM Group (Argentina)
• Samuel Strapping (U.S.)
• Youngsun (China)
• Mosca (Germany)
• Scientex Berhad (Malaysia)
• Polychem (India)
• Teufelberger (Austria)
• Tsukasa Chemical Industry Co (Japan)
• Packware (China)
• Polivektris (Russia)
• Strapack (Belgium)
• Linder (Austria)
• STEK (U.S.)
• TITAN Umreifungstechnik (Germany)
• Cyklop (Germany)
• Hiroyuki Industries (Japan)
• Baole (Hong Kong)
• EMBALCER (Portugal)
• PAC Strapping Products, Inc. (U.S.)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.