PUBLISHER: Market Research Future | PRODUCT CODE: 1866195
PUBLISHER: Market Research Future | PRODUCT CODE: 1866195
The Europe strapping market is anticipated to attain a valuation of USD 3,755.38 million, expanding at a steady 5.12% CAGR during the forecast period. Strapping is one of the packaging methods that is used to bind or fasten goods with the help of durable bands made of steel or plastic materials, thus making the goods stable and safe during shipment. The technique is mostly found in the logistics, construction, and manufacturing sectors.
The growth of trade activities, along with the rise of e-commerce, are among the leading factors that are driving the demand for efficient, durable, and eco-friendly packaging solutions in the European strapping industry. To promote supply chain efficiency, minimize transit damage, and comply with the new EU regulations, businesses are increasingly embracing automated strapping technologies that use high-quality materials such as polypropylene and polyester.
Major Company Development
Teufelberger Group, through the acquisition of Maillis Plastics Solutions (MPS) in Poland in April 2022, expanded its plastics processing division and secured advanced strapping and rope technologies. The company previously, in July 2020, introduced TEWE(R) SoPRIM(R), a next-generation, environmentally friendly, and energy-saving strapping solution that was designed for better efficiency and handling in the packaging and logistics sectors.
Major players in the Europe strapping market include Teufelberger, M.J.Maillis Single Member S.A., Plastex Extruders Ltd., Strapex, Messersi Packaging S.r.l., LINDER GmbH, Baumhuter Extrusion GmbH, Campanini Ugo srl, Embalcer, Omstrap S.r.l., Cyklop, EAM-Mosca Corporation, and CFE Polska Sp. z o. o., COMOSA STRAPP, SA, Baer Plast srl, strapa.lt., SORSA SA, Titan Umreifungstechnik GmbH & Co. KG, Sekisui Jushi Strapping B.V., and Unipack Packaging Solution.
Key Report Attributes
Industry Segmentations Growth