PUBLISHER: Value Market Research | PRODUCT CODE: 1288877
PUBLISHER: Value Market Research | PRODUCT CODE: 1288877
As per this study the Global Strapping Materials Market was valued USD XX MN (by revenue) in 2022 and is anticipated to reach USD XX MN by 2030 with a CAGR of XX%.
Strapping material refers to bundling and banding material used to combine, stabilize, hold and reinforce various substances and are mostly used for transportation. Strapping material includes steel, polypropylene, and polyester from all steel. It is primarily designed for a very heavy-duty strap and has application across food & beverage, industrial logistics & warehouse, corrugated cardboard & paper, newspaper & graphics, building & construction, and metal.
The increasing demand from end-use industries owing to rapid globalization and industrialization is driving the market growth. Additionally, the growing packaging industry and rising demand of strapping material across consumer electronics, household appliances, pharmaceutical products, medical devices, and textile goods are further fuelling the market growth. Furthermore, increasing use of plastic strapping due to its high break strength, elongation & recovery, and ability to withstand high tension are expected to offer a new growth opportunity to the market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of strapping materials.
The broad strapping materials market has been sub-grouped into material, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
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