Polyester Straps Market Size, Share, Growth Report 2030

Polyester Straps Market

Global Polyester Straps Market Size - By Application (Iron & Steel, Construction, Textile, Glass & Ceramics, And Others), By Grade (Machine Grade And Hand Grade), By Type (Polyethylene Terephthalate (PET) Straps And Polypropylene (PP) Straps), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Packaging Report Format : PDF Pages: 110 Report Code: ZMR-1785 Published Date: Nov-2020 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 750.87 Million USD 1,391.76 Million 7.1% 2019

Industry Prospective

The global Polyester Straps market Size which was estimated at 750.87(USD Million) in 2019 and is predicted to accrue earnings worth 1,391.76 (USD Million) by 2026, is set to record a CAGR of nearly 7.1% over 2020-2026.

Global Polyester Straps Market SizeRequest Free Sample

The report offers a valuation and analysis of the Polyester Straps market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Million).

Polyester Straps Market Overview

Polyester strap is a wrapping packaging solution that is utilized for securing the transport of materials including wooden crates, iron bars, steel bars, cables, pipes, riling sheets, and coils. Furthermore, this packaging material is utilized for wrapping as well as unwrapping of a product. These packaging substances are prominently utilized in the transport & shipping sectors. Apparently, these materials are light in weight apart from being inexpensive in comparison to steel wraps. Additionally, they can be utilized many times and hence they have gained popularity in the transport & shipping industries.  

Furthermore, polyester straps provide safe, durable, and sustainable packaging solutions. Unlike steel wraps, polyester straps do not cause unnecessary product wastage due to rust and damage. In addition to this, the polyester strap is produced from polyethylene terephthalate and polypropylene compounds.

Market Growth Dynamics

Humungous demand for cables, metal sheets, textiles, film rolls, and timbers will prompt the expansion of polyester straps industry over the ensuing years. In addition to this, the product is also utilized in palletisation and building materials including carton wrappings and bottles. Apart from this, it finds lucrative application in wrapping of plywood, roofing tiles, plaster bonds, and timber. Additionally, massive utilization of polyester straps in food & beverages sector will proliferate the market demand over the estimated timeline.

Furthermore, extensive use of polyester straps in paper & printing items like tissue papers, specialty papers, coated papers, and writing & printing papers will embellish the growth graph of polyester straps industry over the ensuing years. Apparently, increase in the shopping and ecommerce activities will steer the expansion of polyester straps industry over the forthcoming years.

Asia Pacific Market To Register Highest Growth Rate Over 2020-2026

The growth of the market in the region over the forecast timespan is due to large-scale demand for polyester straps in countries like New Zealand, China, Australia, Japan, and India. Apart from this, a large number of multinational firms are making huge investments in the production sector and this will steer the business growth over the forecast timespan.

Competitive Landscape and Company Market Share Analysis

Key participants profiled in the report include

  • Linder GmbH
  • Ruparel Polystrap Pvt. Ltd.
  • Signor Polymers Pvt. Ltd.
  • North Shore Strapping Inc.
  • Narrowtex Pty
  • Auto Strap India
  • S and K Packaging Industries
  • Samuel Strapping
  • Consent LLC.
  • Plastic Extruders ltd.
  • Trinity Group.

The global polyester straps market is segmented as follows:

By Grade

  • Hand grade
  • Machine grade

By Type

By Application

  • Construction
  • Iron and Steel
  • Glass and Ceramics
  • Textile
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Humungous demand for cables, metal sheets, textiles, film rolls, and timbers will prompt the expansion of polyester straps industry over the ensuing years. In addition to this, the product is also utilized in palletisation and building materials including carton wrappings and bottles. Apart from this, it finds lucrative application in wrapping of plywood, roofing tiles, plaster bonds, and timber. Additionally, massive utilization of polyester straps in food & beverages sector will proliferate the market demand over the estimated timeline.

According to Zion Market Research report, the global Polyester Straps market, which was estimated at 750.87(USD Million) in 2019 and is predicted to accrue earnings worth 1,391.76 (USD Million) by 2026, is set to record a CAGR of nearly 7.1% over 2020-2026.

Asia Pacific is likely to make noteworthy contributions towards overall Polyester Straps Market revenue. The growth of the market in the region over 2020-2026 can be ascribed to large-scale demand for polyester straps in countries like New Zealand, China, Australia, Japan, and India. Apart from this, a large number of multinational firms are making huge investments in the production sector and this will steer the business growth over the forecast timespan.

The key players profiled in the report include Linder GmbH, Ruparel Polystrap Pvt. Ltd., Signor Polymers Pvt. Ltd., North Shore Strapping Inc., Narrowtex Pty, Auto Strap India, S and K Packaging Industries, Samuel Strapping, Consent LLC., Plastic Extruders ltd., and Trinity Group.

Straps made of polyester are a form of synthetic strapping material that is frequently utilised for the purpose of securing and binding loads prior to transportation or while they are being stored. They are manufactured up of high-strength polyester fibers, which are then woven together to make a robust and flexible strap that is resistant to moisture, UV radiation, and the majority of chemicals.

These straps can also be folded without losing their shape. Polyester straps are available in a wide range of widths, lengths, and strengths to accommodate a wide variety of uses. In most cases, they are used in conjunction with other instruments for tensioning and sealing in order to provide a seal that is both tight and secure around the load. When compared to other materials used for strapping, such as steel or nylon, polyester straps have the advantages of being lightweight, easy to handle, and resistant to rust and corrosion. Because they are simple to recycle and do not have any pointed edges, they are not only easier to manipulate but also safer to throw away and dispose of.

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