Polyester Straps Market Poised to Surpass $2.04 Billion by 2031 Riding on Technological Advancements

Market Sizing
The Polyester Straps Market valued at USD 1.55 billion in 2023, is projected to reach USD 2.04 billion by 2031, exhibiting a CAGR of 3.5% during 2024-2031.

Market Report Scope
Technological progress in strap manufacturing has spurred the growth of the polyester straps market. Enhanced properties of polyester straps, driven by advancements in polymer chemistry, particularly in PET resin, have led to increased durability and effectiveness. The rise of e-commerce has further boosted demand, with streamlined distribution channels and sustainability initiatives driving adoption.

Major Key Players Included are:
- Auto Strap
- Linder GmbH
- FROMM Packaging
- S&K Packaging Inc
- TEUFELBERGER
- De Webmakers Webdesign Bureau
- Dubose Strapping
- Greenbridge
- North Shore Strapping Inc
- Samuel Strapping

Market Analysis
Bundling emerges as the dominant application segment, ensuring cargo safety throughout the supply chain. The segment with breaking strengths ranging from 301 to 500 kg leads, vital for shipments with multiple stops, while the Paper & Allied Industries segment dominates due to PET strapping's suitability for bundling finished paper products.

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KEY MARKET SEGMENTS
By Packing Grade
- Hand Grade
- Machine Grade
- 5-15 mm
- 15-25 mm
- 25-35 mm
- Above 35 mm

By Thickness
- Less than 0.50 mm
- 0.50 mm - 0.75 mm
- 0.76 mm - 1.00 mm
- Above 1.00 mm

By Type
- Polyethylene Terephthalate (PET) Straps
- Polypropylene (PP) Straps
- Nylon Straps
- Paper Straps
- Composite Straps
- Woven Straps Others

By Application
- Heavy Duty Bailing and Others
- Bundling
- Palletizing/ Load Unitizing

By Breaking Strength
- Up to 220kg
- 221kg to 300kg
- 301kg to 500kg
- 501kg to 1,000kg
- Above 1,000k

By End-Use Industry
- Food and Beverage
- Pharmaceuticals
- Electrical and Electronics, Automotive
- Construction and Allied Industries
- Paper and Allied Industries
- Textiles and Apparels
- Chemical and Fertilizers
- Others

Impact of Russia-Ukraine War
The conflict has escalated prices of essential raw materials, impacting global industries including textiles. Increased costs of polyester and nylon due to rising crude oil prices have hampered the polyester strap market, with retailers compelled to raise prices amidst declining demand.

Impact of Economic Slowdown
Economic slowdowns lead to reduced production and lower consumer demand, directly affecting the polyester strap market. Decreased manufacturing activities result in reduced demand for packaging materials, prompting companies to implement cost-cutting measures.

Key Regional Development
The Asia Pacific region, driven by economies like China and India, leads in consumption and production of polyester straps. Rapid expansion of end-user industries and the logistics sector propels market growth. In North America, the automobile sector drives demand for polyester straps due to their cost-effectiveness and advantageous properties.

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Key Takeaways
- Technological advancements in strap manufacturing drive market growth.
- E-commerce expansion boosts demand for polyester straps.
- Asia Pacific emerges as a key market fueled by rapid industrial growth.

Recent Developments
In June 2022, Samuel Strapping Systems introduced heavy-duty polyester strapping for the lumber industry. FROMM Packaging Systems launched the FROMM Embosser in March 2022, offering enhanced load security. BONZOBAND Strapping Systems introduced a robust 16mm woven polyester strapping solution in March 2021.

Table of Contents - Major Key Points
1 Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2 Industry Flowchart
3 Research Methodology
4 Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5 Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6 Value Chain Analysis
7 Porter's 5 Forces Model
8 Pest Analysis
9 Polyester Straps Market Segmentation, By Packing Grade
9.1 Introduction
9.2 Trend Analysis
9.3 Hand Grade
9.4 Machine Grade
10 Polyester Straps Market Segmentation, By Width
10.1 Introduction
10.2 Trend Analysis
10.3 5-15 mm
10.4 15-25 mm
10.5 25-35 mm
10.6 Above 35 mm
11 Polyester Straps Market Segmentation, By Thickness
11.1 Introduction
11.2 Trend Analysis
11.3 Less than 0.50 mm
11.4 0.50 mm - 0.75 mm
11.5 0.76 mm - 1.00 mm
11.6 Above 1.00 mm
12 Polyester Straps Market Segmentation, By Type
12.1 Introduction
12.2 Trend Analysis
12.3 Polyethylene Terephthalate (PET) Straps
12.4 Polypropylene (PP) Straps
12.5 Nylon Straps
12.6 Paper Straps
12.7 Composite Straps
12.8 Woven Straps Others
13 Polyester Straps Market Segmentation, By Application
13.1 Introduction
13.2 Trend Analysis
13.3 Heavy Duty Bailing and Others
13.4 Bundling
13.5 Palletizing/ Load Unitizing
14 Polyester Straps Market Segmentation, By Breaking Strength
14.1 Introduction
14.2 Trend Analysis
14.3 Up to 220kg
14.4 221kg to 300kg
14.5 301kg to 500kg
14.6 501kg to 1,000kg
14.7 Above 1,000kg
15 Polyester Straps Market Segmentation, By End-Use Industry
15.1 Introduction
15.2 Trend Analysis
15.3 Food and Beverage
15.4 Pharmaceuticals
15.5 Electrical and Electronics, Automotive
15.6 Construction and Allied Industries
15.7 Paper and Allied Industries
15.8 Textiles and Apparels
15.9 Chemical and Fertilizers
15.10 Other
16 Regional Analysis
17 Company Profiles
18 Competitive Landscape
18.1 Competitive Benchmarking
18.2 Market Share Analysis
18.3 Recent Developments
18.3.1 Industry News
18.3.2 Company News
18.3.3 Mergers & Acquisitions
19 Use Case and Best Practices
20 Conclusion

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Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

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