The global plastic straps market is projected to reach USD 4.9 billion by 2024, at a CAGR of 19.4 % from 2018 to 2024. The global plastic straps market is anticipated to witness an exponential growth in the market during the forecast period, owing to the increasing use of these straps in the steel, paper, and other industries. The demands of these straps are increasing due to their properties which include easy handling, high flexibility, lightweight, and others.
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Globally, Asia-Pacific plastic straps market is expected to register the highest growth in the market during the forecast period. The growth can mainly be attributed to the positive economic growth due to the increasing purchasing power and increasing disposable income of the Asian countries such as China, India, Japan, and others. Also, expanding industries in the region is also leading to the growth of the plastic straps market.
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Crown Holdings, Messersì Packaging, Teufelberger, Polychem Corporation, Scientex Berhad, Linder Seevetal, Mosca Direct Limited, Dubose Strapping, PAC Strapping Products, and Auto Strap India are some of the major players operating in the plastic straps industry.
Global Plastic Scraps Market Coverage
Type Insight and Forecast 2014 – 2024
- Polyester Straps
- Polypropylene Straps
- Nylon Straps
End-User Insight and Forecast 2014 – 2024
- Bricks & Tiles
Plastic Scraps Market by Region
- Rest of Europe
- Rest of Asia-Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA