Strapping Materials Market trends research and projections for 2019 - 2025

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Strapping materials Market Growth Outlook with
Industry Review and Forecast 2019-2025
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Global Market Scenario of Strapping Materials
Industry

• As per materials, the strapping materials market
  can be classified into steel, polypropylene,
  polyester, nylon and others such as paper,
  composites, woven, etc. Polyester based straps
  are gaining popularity owing to properties of
  invariable tension on load while transportation
  and greater elongation recovery. On the other
  hand, polypropylene based straps offer the
  advantage of shrinking or elongation from its
  original shape and size.
• These are cost-effective, lightweight material
  available in various width and thickness and
  widely utilized in bundling and palletizing.
  Steel straps are mainly used in metal and
  construction industry where heavy duty loads such
  as metal bars, rods, and coils are to be handled.
  Steel straps withstand rough handling of heavy
  goods during transportation due to their lesser
  elongation recovery, high break strength,
  durability and UV Resistance.
• The application areas of strapping material
  market include food beverage, industrial
  logistics, consumer electronics, building
  construction and others such as textile, metals
  etc. Strapping material mainly depends on the
  end-user mobility, as they facilitate bundling
  items together for handling and shipments.
• It also provides extended applicability in
  reinforcing, attaching and load securing in these
  application areas. Industrial logistics has seen
  a gradual rise in nations including UK and
  Germany which are logistics hub in entire Europe,
  and this will propagate air cargo and waterway
  transport. This in turn will positively influence
  product demand in near future.

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• Regional Trends-
• Asia Pacific will witness significant growth rate
  in China, India, South Korea owing to rising
  product application in industries such as food
  beverages, building construction, paper
  printing, etc.
• Europe is another substantial market in the
  global strapping material market. The European
  Union s ban on non-recyclable plastic and the
  need to curb pollution from manmade plastics
  synthetic polymers is likely to drive market in
  the region. Moreover, easy availability of raw
  material shall benefit global strapping material
  market over the forecast timeframe.

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• Competitive Trends
• Prominent players operating in global strapping
  material market include 3M, Cyklop International,
  Dynaric, Polychem Corporation, Milan Ligocki
  UNIPACK, Signode Packaging Systems Corporation,
  Plastofine Industries, Crawford Packaging, Titan
  Umreifungstechnik, Mosca GmbH, Signor Polymers,
  StraPack, Inc. Martin Packaging and Panorama
  Packaging. Players are continuously incorporating
  acquisitions mergers, as their key growth
  strategy.

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