Polyester Straps Market

Polyester Straps Market: APEJ Projected to Register the Highest Growth of 70 Basis Points Between 2017 and 2027: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 - 2027

  • 2017-04-10
  • REP-GB-3425
  • 453 pages
  • PDF PPT EXCEL
Polyester Straps Market

An Incisive, In-depth Analysis on the Polyester Straps Market

This study offers a comprehensive, 360 degree analysis on the Polyester Straps market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Polyester Straps market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The global polyester straps market is estimated to be valued at US$ 693.7 Mn in 2017 and is anticipated to register a CAGR of 7.2% during the forecast period to reach US$ 1,388.6 Mn by the end of 2027. In terms of volume, the global polyester straps market is estimated at 564.3 '000 tonnes in 2017 and is expected to exhibit a CAGR of 6.6% during the forecast period, to reach 1,073.8 '000 tonnes by the end of 2027.

Polyester straps have emerged as a viable option to steel strapping

With the advent of polyester straps, the age old problem of corrosion has been tackled, as steel has the property of corroding. Before polyester straps were introduced in the global market, steel strapping was used to wrap the products. However, as steel tends to corrode, this resulted in the deteriorating quality of goods that were wrapped with it. This had a negative impact on the logistics sector and other allied industries. Due to this, a demand for alternative strapping solutions took shape, which also had to be light and soft. This lead to the increase in the use of polyester straps as a viable alternative to steel strapping. Manufacturers have been agile to capitalize on the benefits provided by polyester strapping, and therefore presently there is an increased demand for polyester straps in the market. 

Polyester straps serve as a durable low cost solution in the automobile industry

The demand for polyester straps is increasing in the North America region, specifically in the automobile industry. Automobile industry needs materials that are durable and possess enough strength and are light weight. All such properties are present in the polyester straps, and this is driving the demand of polyester straps in the North America region. Also, another important factor is the cost, and as polyester straps are cheaper, their demand is on a rise in the region. On the similar lines, polyester straps are cost effective as compared to other strapping solutions, especially steel strapping. The market for polyester straps is driven by the consumers due to the fact that it possesses the properties of high tensile strength, low cost, light weight, etc. Due to such favourable properties of polyester straps, they are preferred by manufacturers over other strapping solutions.

Alternatives such as polypropylene strapping is hampering the growth of polyester straps market

Strapping solutions made from polypropylene is a cost-effective solution that is suitable for moderate duty bundling, unitizing and palletizing. Some of the areas where polypropylene strapping is preferred include bundling and packing newspapers, magazines, food products such as meat, appliances, corrugated boxes, cut paper and cartons. Polypropylene strapping is preferred in such areas of application as it has a greater elongation at break. Hence, this solution is preferred in low and medium heavy duty work. Due to this, the market for polyester straps is affected negatively as manufacturers are preferring polypropylene over polyester straps in such areas of application.

Increasing use of polyester straps in the transportation sector in North America

In North America region, the growth of the transportation sector and logistics is increasing, due to which more and more number of goods are transported from one place to another. Thus, the use of polyester strapping as a strapping solutions for the transportation of such goods is also increasing consequently. In the logistics industry, polyester straps are used by various manufacturers for the shipment of various products. The transportation sector is highly competitive in the North America region. Thus, the growth of this vital sector in a highly developed region of the world bodes good for the use of polyester straps market in this region.

Global Polyester Straps Market Analysis by Region

As per the forecast of Future Market Insights, the Asia Pacific excluding Japan polyester straps market is estimated to be valued at US$ 166.4 Mn in the year 2017 and is anticipated to touch a value of US$ 343.1 Mn in the year 2027, registering a CAGR of 7.5% during the assessment period. The Middle East and Africa polyester straps market is estimated to be valued at US$ 52 Mn in the year 2017 and is slated to touch a value of US$ 93.7 Mn in the year 2027, registering a CAGR of 6.1% during the assessment period.

Introduction

Future Market Insights presents a new report titled ‘Polyester Straps Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017-2027’. This report tracks the global polyester straps market and gives the forecast for this market for a period of ten years. The polyester straps are mostly used for transportation and shipping purposes for palletizing and bundling purposes. The polyester strap is a wrapping solution used for the secured transportation of materials such as steel bars, logistics, cartons, bricks, bailers and bottles and cans etc. Polyester straps are light in weight and are cost effective as compared to the steel wraps and can be used multiple times.

Report Structure

In order to have an ease of understanding and a better organization of the report, the report on global polyester straps market has been divided into four distinct parts. The first section of the report is the introduction section that contains the executive summary of the report along with the market taxonomy and the definition of the product and the market viewpoint. The global polyester straps market value chain analysis and market snapshot for the year 2017 are also given in the introduction section. The second part of the report contains the global polyester straps market analysis and forecast by region, by packing grade, by width, by break strength, by thickness, by application and by end use industry. This section of the report contains important market numbers in the form of market attractiveness index, incremental dollar opportunity and basis point share analysis. The third part of the report contains the regional polyester straps market analysis and the regions are chosen as per the market taxonomy. In this regional section, the drivers, restraints and trends applying to the polyester straps market are discussed in detail along with the regional market numbers.

Competition Landscape

The last part of the report contains the competition landscape of the global polyester straps market and has information on the key players operating in this market. The competition landscape contains detailed information on the important companies operating in the global polyester straps market in the form of company description, product overview, key developments, strategic overview and key financials of each of the featured companies along with the SWOT analysis of the company. This competition landscape is a valuable part of the report as it contains all the necessary information to study the leading companies operating in the global polyester straps market in detail and also reveals how they implement their strategies and vision to stay at top in this highly competitive market. This sort of information is important both for the established players in the market and for the new players operating in this market.

Research Methodology

Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the polyester straps market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global polyester straps market.  

Market Taxonomy

By Packing Grade

  • Hand Grade

  • Machine Grade

By Width

  • 5-15 mm

  • 15-25 mm

  • 25-35 mm

  • Above 35 mm

By Break Strength

  • 0-220 Kg

  • 220-300 Kg

  • 300-500 Kg

  • 500-1000 Kg

  • Above 1000 Kg

By Thickness

  • Less than 0.50 mm

  • 50 mm - 0.75 mm

  • 75 mm - 1.00 mm

  • Above 1.00 mm

By Application

  • Heavy duty bailing and others

  • Bundling

  • Palletizing/ load unitizing

By End Use Industry

  • Food & Beverage

  • Pharmaceuticals

  • Electrical and Electronics

  • Automotive

  • Construction and allied Industries

  • Paper and allied Industries

  • Textiles and Apparels

  • Chemical & Fertilizers

  • Others

By Region

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific excluding Japan

  • Middle East and Africa

  • Japan

Polyester Straps Market Reports - Table of Contents

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Akshay Godge

Client Partner - Global Business Development

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Pranay Mhaisekar

Business Development

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