Europe Plastic Strap Market

EUROPE PLASTIC STRAP MARKET RD

Europe Plastic Strap Market Forecast to 2027 – Covid-19 Impact and Regional Analysis by Type (Polyester Straps, Polypropylene Straps, Nylon Straps, Paper Straps, Composite Straps, Corded and Woven Straps), End Use (Fiber, Steel, Cotton, Paper, Bricks & Tiles and Others) and Country

Pages: 115

Market Introduction

Plastic strap refers to a widely used packaging material. It is used for various purposes, including strapping and bundling. The plastic strap is less expensive as compared to the steel straps, which makes it more suitable for usage by the industries and customers. High strap tension, good impact resistance, low friction, and no rusk marks on products are some of the common attributes of the plastic strap. The minimum breaking strength is the vital characteristic of the plastic strap. The polypropylene and polyester strap are the most commonly used plastic straps. The choice of correct strapping is highly dependent on the implementation and equipment being used.

Europe Plastic Strap Strategic Insights

Strategic insights for the Europe Plastic Strap provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Plastic Strap Report Scope

Europe Plastic Strap Regional Insights

The geographic scope of the Europe Plastic Strap refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Europe plastic strap market is expected to reach US$ 1,285.68 Million in 2027 from US$ 418.48 Million in 2019. The market is anticipated to grow at a CAGR of 15.3 % from 2020 to 2027. Factors driving the market growth include rising preference for lightweight and low-cost strapping types and growing demand in key markets such as Germany and UK. However, environmental pollution and waste management is likely to have a negative impact on the market growth.

Effect of covid-19 on Europe Plastic Strap Market

The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the chemicals and materials industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. Italy has the highest number of confirmed cases of the COVID-19 morbidity among all European countries. This is likely to impact the chemicals and materials industry in the region due to the disruption of supply and distribution chain. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.

Key Market Segments

The polypropylene strap segment accounted for a larger share of the Europe plastic strap market, by type, in 2019. The paper segment accounted for a larger share of the Europe plastic strap market, by end use, in 2019.

Major Sources and Companies Listed

A few of the major primary and secondary sources referred to while preparing this report on the Europe plastic strap market include Teufelberger Stralsund GmbH, Cyklop International, FROMM Group, Linder GmbH and Crown Holdings Inc.

Reasons to buy the report

·         To understand the Europe plastic strap market landscape and identify market segments that are most likely to guarantee a strong return

·         To stay ahead by comprehending the ever-changing competitive landscape for the plastic strap market

·         To efficiently plan M&A and partnership deals in the plastic strap market by identifying market segments with most promising probable sales

·         To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the plastic strap market

·         To obtain market revenue forecast for market by various segments from 2018 to 2027

Europe Plastic Strap Market Segmentation

By Type

·      Polyester Straps

·      Polypropylene Straps

·      Nylon Straps

·      Paper Straps

·      Composite Straps

·      Corded and Woven Straps

By End Use

·      Fiber

·      Steel

·      Cotton

·      Paper

·      Bricks and Tiles

·      Others

Company Profiles

·      Teufelberger Stralsund GmbH

·      Cyklop International

·      FROMM Group

·      Linder GmbH

·      Crown Holdings Inc.

By Country

·         Germany

·         UK

·         France

·         Italy

·         Russia

·         Rest of Europe