Asia Pacific Plastic Straps Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type ; End Use, and Country

Description

List of Tables

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.

Based on type, the plastic straps market is segmented into polyester straps, polypropylene straps, nylon straps, paper straps, composite straps, and corded and woven straps. In 2019, the polypropylene straps segment dominated the Asia Pacific plastic Straps market. Based on end use, the Asia Pacific plastic straps market is bifurcated into fiber, steel, cotton, paper, bricks and tiles, and others. In 2019, the paper segment accounted for the largest share in the Asia Pacific plastic straps market.

Geographically, the Asia Pacific plastic Straps market is segmented into the Australia, China, India, Japan, South Korea, and Rest of APAC. China accounted for 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.

Auto Strap India, Cyklop International, FROMM Group, LINDER GmbH, Crown Holdings, Inc., and Teufelberger Stralsund GmbH are among the major players present in the Asia Pacific Plastic Straps market.

Overall size of the Asia Pacific plastic Straps market has been derived in accordance to primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the plastic Straps market.

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.

Reasons to Buy:

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific plastic straps market, thereby allowing players to develop effective long term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

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

Product Code: TIPRE00016356

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Asia Pacific Nutrition Lipid Market - By Type
- 1.3.2 Asia Pacific Nutrition Lipid Market - By End Use
- 1.3.3 Asia Pacific Nutrition Lipid Market - By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Plastic Straps Market Landscape

4.1 Market Overview
- 4.1.1 Asia Pacific PEST Analysis

5. Asia Pacific Plastic Straps Market - Key Industry Dynamics

5.1 Key Market Drivers
- 5.1.1 Rising preference for lightweight and low-cost strapping materials
- 5.1.2 Growing demand in Key Markets Such As India and China
5.2 Restraint
- 5.2.1 Environmental Pollution and Waste Management
5.3 Opportunity
- 5.3.1 Surging Construction Industry in Developing Countries
5.4 Future Trend
- 5.4.1 Development of Bio- Based Plastics
5.5 Impact Analysis of Drivers and Restraints

6. Plastic Straps - Asia Pacific Market Analysis

6.1 Asia Pacific Plastic Straps Market Overview
6.2 Asia Pacific Plastic Straps Market Forecast and Analysis

7. Plastic Straps Market Analysis - By Product Type

7.1 Overview
7.2 Plastic Straps Market, By Type (2019 and 2027)
7.3 Polyester Straps
- 7.3.1 Overview
- 7.3.2 Polyester Straps: Plastic Straps Market - Revenue and Forecast to 2027 (US$ Mn)
7.4 Polypropylene Straps
- 7.4.1 Overview
- 7.4.2 Polypropylene Straps: Plastic Straps Market - Revenue and Forecast to 2027 (US$ Mn)
7.5 Nylon Straps
- 7.5.1 Overview
- 7.5.2 Nylon Straps: Plastic Straps Market - Revenue and Forecast to 2027 (US$ Mn)
7.6 Paper Straps
- 7.6.1 Overview
- 7.6.2 Paper Straps: Plastic Straps Market - Revenue and Forecast to 2027 (US$ Mn)
7.7 Composite Straps
- 7.7.1 Overview
- 7.7.2 Composite Straps: Plastic Straps Market - Revenue and Forecast to 2027 (US$ Mn)
7.8 Corded and Woven Straps
- 7.8.1 Overview
- 7.8.2 Corded and Woven Straps: Plastic Straps Market - Revenue and Forecast to 2027 (US$ Mn)

8. Plastic Straps Market Analysis - By End Use

8.1 Overview
8.2 Plastic Straps Market, By End Use (2019 and 2027)
8.3 Fiber
- 8.3.1 Overview
- 8.3.2 Fiber: Plastic Straps Market - Revenue and Forecast to 2027 (US$ Mn)
8.4 Steel
- 8.4.1 Overview
- 8.4.2 Steel: Plastic Straps Market - Revenue and Forecast to 2027 (US$ Mn)
8.5 Cotton
- 8.5.1 Cotton: Plastic Straps Market - Revenue and Forecast to 2027 (US$ Mn)
8.6 Paper
- 8.6.1 Paper: Plastic Straps Market - Revenue and Forecast to 2027 (US$ Mn)
8.7 Bricks and Tiles
- 8.7.1 Overview
- 8.7.2 Bricks and Tiles: Plastic Straps Market - Revenue and Forecast to 2027 (US$ Mn)
8.8 Others
- 8.8.1 Overview
- 8.8.2 Others: Plastic Straps Market - Revenue and Forecast to 2027 (US$ Mn)

9. Plastic Straps Market - Country Analysis

9.1 Overview
- 9.1.1 Asia Pacific Plastic Straps Market Breakdown, by Key Countries
  - 9.1.1.1 Australia: Plastic Straps Market -Revenue and Forecast to 2027 (US$ Mn)
    - 9.1.1.1.1 Australia: Plastic Straps Market, by Type
    - 9.1.1.1.2 Australia: Plastic Straps Market, by End-Use
  - 9.1.1.2 China: Plastic Straps Market -Revenue and Forecast to 2027 (US$ Mn)
    - 9.1.1.2.1 China: Plastic Straps Market, by Type
    - 9.1.1.2.2 China: Plastic Straps Market, by End-Use
  - 9.1.1.3 Japan: Plastic Straps Market -Revenue and Forecast to 2027 (US$ Mn)
    - 9.1.1.3.1 Japan: Plastic Straps Market, by Type
    - 9.1.1.3.2 Japan: Plastic Straps Market, by End-Use
  - 9.1.1.4 India: Plastic Straps Market -Revenue and Forecast to 2027 (US$ Mn)
    - 9.1.1.4.1 India: Plastic Straps Market, by Type
    - 9.1.1.4.2 India: Plastic Straps Market, by End-Use
  - 9.1.1.5 South Korea: Plastic Straps Market -Revenue and Forecast to 2027 (US$ Mn)
    - 9.1.1.5.1 South Korea: Plastic Straps Market, by Type
    - 9.1.1.5.2 South Korea: Plastic Straps Market, by End-Use
  - 9.1.1.6 Rest of Asia Pacific: Plastic Straps Market -Revenue and Forecast to 2027 (US$ Mn)
    - 9.1.1.6.1 Rest of Asia Pacific: Plastic Straps Market, by Type
    - 9.1.1.6.2 Rest of Asia Pacific: Plastic Straps Market, by End-Use

10. Overview- Impact of COVID-19

10.1 Asia-Pacific: Impact assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview
11.2 Product news

12. Company Profiles

12.1 Auto Strap India
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
12.2 Cyklop International
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
12.3 FROMM Group
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 LINDER GmbH
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
12.5 Crown Holdings, Inc.
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
12.6 Teufelberger Stralsund GmbH
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments

13. Appendix

13.1 About the Insight Partners
13.2 Glossary