세계의 플라스틱 스트래핑 재료 시장 전망(-2030년) : 재료별, 최종사용자별, 지역별 시장 분석

According to Stratistics MRC, the Global Plastic Strapping Materials Market is growing at a CAGR of 5.0% during the forecast period. Plastic strapping materials are widely used in various industries for bundling, reinforcing, and securing packages and products during transportation, storage, and shipping. These materials are typically made from polymers such as polypropylene, polyester and polyethylene. Plastic strapping offers advantages such as high tensile strength, flexibility, resistance to moisture and chemicals, and ease of handling.

According to United Nations Conference on Trade and Development, share CAGR of of e-commerce in global retail trade increased to 17% in 2020 from 14% in 2019.

Market Dynamics:

Driver:

Booming packaging & logistics

The rapid expansion of international trade and e-commerce has sparked a packaging and logistics trend, which has increased demand for safe and affordable ways of packaging goods. Plastic strapping materials are well-positioned to capitalise on this demand because of their ideal blend of affordability, durability, and ease of use. They serve as the unnoticed protectors of international trade, safeguarding pallets and individual goods while they are being transported and stored, guaranteeing a smooth delivery, and reducing damage.

Restraint:

Competition from alternative materials

Alternatives such as steel and composite materials offer different characteristics and may be preferred in certain applications, posing a challenge to plastic strapping's market share. Steel, for instance, provides higher tensile strength and durability in some heavy-duty applications, while composite materials offer increased flexibility and resistance to harsh environments. Also, environmental concerns and regulations promoting sustainability may drive demand for bio-based or recyclable alternatives, further intensifying competition.

Opportunity:

Rapid expansion of e-commerce platforms

With the surge in online shopping, there is a heightened demand for secure and efficient packaging solutions to safeguard products during transit. Plastic strapping materials play a pivotal role in this process, providing robust bundling and reinforcement for parcels. Additionally, the diverse nature of goods sold online requires versatile packaging solutions, where plastic strapping materials excel. This e-commerce explosion translates to a massive opportunity for strapping manufacturers, fuelled by the ever-increasing demand for secure and cost-effective packaging solutions in the fast-paced world of online shopping.

Threat:

Environmental concerns

Plastic strapping materials, often made from non-biodegradable polymers, contribute to global plastic pollution and environmental degradation. Regulatory measures, consumer preferences for eco-friendly packaging, and corporate sustainability initiatives further intensify this threat. Failure to address these concerns could lead to decreased demand for plastic strapping materials, loss of market share, and reputational damage for companies in the industry.

Covid-19 Impact

The COVID-19 pandemic is causing initial disruptions in supply chains and manufacturing operations due to lockdown measures and restrictions. The market rebounded as demand surged, particularly in essential sectors such as food, pharmaceuticals, and e-commerce. The pandemic underscored the importance of resilient and secure packaging solutions, driving increased adoption of plastic strapping materials. Moreover, the growing emphasis on hygiene and safety further boosted demand for packaged goods, contributing to the market's recovery.

The polypropylene segment is expected to be the largest during the forecast period

The polypropylene segment is estimated to hold the largest share. Polypropylene is widely used in various industries for packaging applications due to its high tensile strength and resistance to moisture, chemicals, and UV radiation. Polypropylene strapping offers excellent performance in securing heavy loads during transportation and storage, making it a preferred choice in the logistics, manufacturing, and construction sectors. Moreover, with ongoing advancements in manufacturing processes and product formulations, polypropylene strapping continues to play a crucial role in ensuring efficient and secure packaging solutions globally.

The transportation & logistics segment is expected to have the highest CAGR during the forecast period

The transportation & logistics segment is anticipated to have lucrative growth during the forecast period. Plastic strapping materials are extensively used in the transportation and logistics sectors due to their robustness, flexibility, and cost-effectiveness. They effectively secure palletized loads, crates, and packages, preventing shifting or damage during transportation. Furthermore, plastic strapping materials offer superior strength-to-weight ratios, aiding in optimising shipping efficiency while maintaining product integrity, making them indispensable in the transportation and logistics industries.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period owing to expanding manufacturing activities, particularly in sectors such as logistics, food and beverage, and consumer goods. Key factors include technological advancements in plastic strapping materials, increasing adoption of sustainable and recyclable options, and supportive government initiatives promoting eco-friendly packaging practices. Additionally, the region's thriving e-commerce industry contributes significantly to the demand for plastic strapping materials, further propelling market expansion in the Asia Pacific.

Region with highest CAGR:

North America is expected to witness profitable growth over the projection period. The region's advanced infrastructure and strong manufacturing base contribute to the demand for reliable packaging solutions. Factors such as the emphasis on sustainability and recyclability drive innovation in plastic strapping materials, with a growing preference for eco-friendly options. Additionally, the increasing adoption of automation and advanced technologies in packaging processes also augments the demand for plastic strapping materials across North America.

Key players in the market

Some of the key players in the Plastic Strapping Materials Market include Signode Industrial Group, Strapack, Inc., 3M, Cyklop, UNIPACK, Mosca GmbH, Titan Umreifungstechnik GmbH & Co. KG, Plastofine Industries, GREENBRIDGE, Dynaric Inc., M. J. Maillis group, Samuel, Son & Co., Limited, Scientex Berhad, Teufelberger Holding AG, Crown Holdings, Inc., Messersi' Packaging Srl, FROMM Holding AG and Linder GmbH.

Key Developments:

In October 2023, Signode and Repsol launch the first post-consumer recycling solution for polypropylene strapping. This new ready-to-use compound allows for straps with high toughness and consistent properties.

In December 2022, Signode, the leading global manufacturer of a broad spectrum of automated packaging equipment, tools, and consumables, has launched its new BST Battery Powered Tool for Sealless Steel Strapping. Featuring an ergonomic design and multiple productivity-enhancing features, this new tool delivers unparalleled performance in demanding applications.

Materials Covered:

• Polypropylene
• Polyester
• Composite

End Users Covered:

• Building & Construction
• Consumer Electronics
• Food & Beverage
• Transportation & Logistics
• Textile
• Automotive
• Chemicals & Fertilizers
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Plastic Strapping Materials Market, By Material

• 5.1 Introduction
• 5.2 Polypropylene
• 5.3 Polyester
• 5.4 Composite

6 Global Plastic Strapping Materials Market, By End User

• 6.1 Introduction
• 6.2 Building & Construction
• 6.3 Consumer Electronics
• 6.4 Food & Beverage
• 6.5 Transportation & Logistics
• 6.6 Textile
• 6.7 Automotive
• 6.8 Chemicals & Fertilizers
• 6.9 Other End Users

7 Global Plastic Strapping Materials Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 Signode Industrial Group
• 9.2 Strapack, Inc.
• 9.3 3M
• 9.4 Cyklop
• 9.5 UNIPACK
• 9.6 Mosca GmbH
• 9.7 Titan Umreifungstechnik GmbH & Co. KG
• 9.8 Plastofine Industries
• 9.9 GREENBRIDGE
• 9.10 Dynaric Inc.
• 9.11 M. J. Maillis group
• 9.12 Samuel, Son & Co., Limited
• 9.13 Scientex Berhad
• 9.14 Teufelberger Holding AG
• 9.15 Crown Holdings, Inc.
• 9.16 Messersi' Packaging Srl
• 9.17 FROMM Holding AG
• 9.18 Linder GmbH