Authored By: Sarah
11 Jul 2024

 Polyester Straps Market Size to grow by USD 1215.6 million between 2024-2028

According to a research report “ Polyester Straps Market” by Grade Type (Machine grade, Hand grade) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1215.6 million, at a CAGR of  16.6% during the forecast period. In the logistics sector, the issue of steel strapping's susceptibility to corrosion has been a significant concern. Previously, steel strapping was the go-to option for securing and transporting various goods. However, the corrosive nature of steel led to deterioration of the wrapped items and negatively impacted businesses. Consequently, there was a pressing need for a lightweight and soft alternative. Enter polyester straps, an effective solution that has gained increasing popularity in recent years. This shift towards polyester straps is driven by factors such as durability, resistance to corrosion, and ease of use. These advantages are expected to fuel the growth of the polyester straps market during the forecast period.

Browse market data tables, figures, and in-depth TOC on “Polyester Straps Market” by Grade Type (Machine grade, Hand grade) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Grade Type, the Machine grade segment is projected to dominate the market size in 2024

ai_market_segmentation_by

By Geography, APAC  segment is expected to hold the largest market size for the year 2024

ai_market_segmentation_by_2

APAC is forecasted to hold the largest market size by region in 2024

The polyester straps market witnesses significant growth due to its versatility and durability. This segment offers various advantages such as resistance to moisture, UV rays, and chemicals. Polyester straps are extensively used in industries for material handling, transportation, and packaging applications. Their affordability and long-lasting nature make them a preferred choice for businesses seeking reliable and cost-effective solutions. The market is expected to continue expanding, driven by increasing demand from various end-use sectors.

The Polyester Straps Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Auto Strap India
  • Campanini ugo Srl
  • CONSENT Group
  • Crown Holdings Inc.
  • DAE YANG STRAPS
  • DuBose Strapping Inc.
  • Fromm Holding AG
  • GREENBRIDGE
  • Industrial Yarns Pty Ltd.
  • LINDER GmbH
  • Messersi Packaging Srl
  • Mosca GmbH
  • Narrowtex Pty Ltd.
  • National Webbing Products Co.
  • North Shore Strapping Inc.
  • Plastex Extruders Ltd.
  • Samuel Son and Co. Ltd.
  • Teufelberger Holding AG
  • Plastic Strapping Co. Ltd.
  • UNIVERSAL STRAPPING Corp.
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

Title: Polyester Straps Market: Allied Industries and Growing Demand in Apparels, Construction, and Electronics The Polyester Straps Market is witnessing significant growth due to their versatile applications in various industries. Major consumers include the textile industry for bundling and logistics in apparel manufacturing, the construction industry for cargo safety, and the electronics industry for electrical and electronic components. Key players in the market include Allied Chemical Corporation, manufacturers of Polyethylene Terephthalate (PET) resin, and textile companies like Fertilizers and Chemicals Trading Corporation Ltd. (FCTC), offering customized polyester straps. The market is driven by factors such as the lightweight and high strength properties of polyester straps, with thicknesses ranging from 2mm to 50mm and break strengths up to 2500kg. Brands in the final consumer goods sector are leveraging polyester straps for branding opportunities. The circular economy is gaining traction, leading to increased demand for recycled polyester straps. Future Market Insights projects the global polyester straps market to reach a value of USUSD 2.5 billion by 2031. The market's growth is expected to continue, fueled by the increasing demand from industries like paper, fertilizers, electronics, and construction and allied sectors.

Market Research Overview

The Polyester Straps Market encompasses a wide range of applications, including beverages, food, allied industries such as apparels, fertilizers, chemical, textiles, paper, construction and allied, electronics, electrical, and more. The key factors driving the growth of this market are the thickness, break strength, and width requirements of various industries. Polyester straps, made from Polyethylene Terephthalate (PET), are popular due to their high tensile strength, durability, and resistance to moisture and chemicals. They are used for packing and bundling a diverse range of products, from consumer goods like beverages and food to heavy industrial items. Safety precautions during manufacturing, analysis period, and consumer attention are crucial aspects of the polyester straps market. Custom-printed polyester straps offer product differentiation and brand visibility for manufacturers. Sustainable and recyclable materials, such as recycled polyester straps, are gaining consumer preference due to environmental sustainability concerns and the circular economy. Branding opportunities, logistical partners, profit margins, and supply chain operations are essential considerations for manufacturers. Lightweight polyester straps are increasingly being used to reduce carbon emissions and improve logistics efficiency. The future of the polyester straps market lies in the development of innovative, eco-friendly, and customizable solutions for various industries.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio