South America Plastic Straps 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 and Tiles, Others), and Country
Market Introduction
A plastic strap is a flexible flat material which helps to combine, hold, reinforce, or fasten an item. Plastic strapping used for packaging is a generic term used to describe all non-metallic straps and includes extruded polypropylene & polyester straps together with corded or woven polyester straps. The growth of plastic straps market is driven by the increasing use of plastic straps in the paper, steel, and bricks & tiles industries. Plastic strapping materials are produced from polypropylene, polyester, and are available in a wide variety of styles, strengths, and finishes. Strapping can be applied either automatically with a strapping machine or manually with a hand tool. Strapping is widely used across many industries, including shipping large industrial equipment to e-commerce fulfillment centers. Different products of strapping material are available with specific classifications and grades.
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Market Overview and Dynamics
The South America plastic straps market was valued at US$ 189.89 million in 2019 and is projected to reach US$ 565.70 million by 2027; it is expected to grow at a CAGR of 14.8% during the forecast period 2020-2027. Factors driving the market growth include the rising preference for lightweight and low-cost strapping materials and growing demand in Key Markets such as Brazil and Argentina. However, the environmental pollution and waste management is likely to have a negative impact on the market growth.
Key Market Segments
By type, the polypropylene straps segment accounted for the largest market share in the South America plastic straps market in 2019. In terms of end use, the paper segment held the largest market share of the plastic straps market by 2027.
Major Sources and Companies Listed
Some of the major primary and secondary sources for South America plastic straps market included in the report are Cyklop International, FROMM Group, Polychem Corporation, Crown Holdings, Inc., and Teufelberger Stralsund GmbH.
Impact of COVID-19 Pandemic on Plastic straps Market
Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.
Reasons to buy the report
- To understand the plastic straps 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 straps market
- To efficiently plan M&A and partnership deals in the plastic straps 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 straps market
- To obtain market revenue forecast for market by various segments from 2018 to 2027
South America Plastic straps 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
By Country
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Cyklop International
- FROMM Group
- Crown Holdings, Inc.
- Polychem Corporation
- Teufelberger Stralsund GmbH
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Nutrition Lipid Market – By Type
1.3.2 Asia Pacific Nutrition Lipid Market – By End Use
1.3.3 Asia Pacific Nutrition Lipid Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Plastic Straps Market Landscape
4.1 Market Overview
4.1.1 Asia Pacific PEST Analysis
5. Asia Pacific Plastic Straps Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rising preference for lightweight and low-cost strapping materials
5.1.2 Growing demand in Key Markets Such As Brazil and Argentina
5.2 Restraint
5.2.1 Environmental Pollution and Waste Management
5.3 Opportunity
5.3.1 Surging Construction Industry in Developing Countries
5.4 Future Trend
5.4.1 Development of Bio- Based Plastics
5.5 Impact Analysis of Drivers and Restraints
6. Plastic Straps – South America Market Analysis
6.1 South America Plastic Straps Market Overview
6.2 South America Plastic Straps Market Forecast and Analysis
7. Plastic Straps Market Analysis – By Product Type
7.1 Overview
7.2 Plastic Straps Market, By Type (2019 and 2027)
7.3 Polyester Straps
7.3.1 Overview
7.3.2 Polyester Straps: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
7.4 Polypropylene Straps
7.4.1 Overview
7.4.2 Polypropylene Straps: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
7.5 Nylon Straps
7.5.1 Overview
7.5.2 Nylon Straps: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
7.6 Paper Straps
7.6.1 Overview
7.6.2 Paper Straps: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
7.7 Composite Straps
7.7.1 Overview
7.7.2 Composite Straps: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
7.8 Corded and Woven Straps
7.8.1 Overview
7.8.2 Corded and Woven Straps: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
8. Plastic Straps Market Analysis – By End Use
8.1 Overview
8.2 Plastic Straps Market, By End Use (2019 and 2027)
8.3 Fiber
8.3.1 Overview
8.3.2 Fiber: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
8.4 Steel
8.4.1 Overview
8.4.2 Steel: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
8.5 Cotton
8.5.1 Cotton: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
8.6 Paper
8.6.1 Paper: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
8.7 Bricks and Tiles
8.7.1 Overview
8.7.2 Bricks and Tiles: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Others: Plastic Straps Market – Revenue and Forecast to 2027 (US$ Mn)
9. Plastic Straps Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific Plastic Straps Market Breakdown, by Key Countries
9.1.1.1 Brazil: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.1.1 Brazil: Plastic Straps Market, by Type
9.1.1.1.2 Brazil: Plastic Straps Market, by End-Use
9.1.1.2 Argentina: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.2.1 Argentina: Plastic Straps Market, by Type
9.1.1.2.2 Argentina: Plastic Straps Market, by End-Use
9.1.1.3 Rest of South America: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.3.1 Rest of South America: Plastic Straps Market, by Type
9.1.1.3.2 Rest of South America: Plastic Straps Market, by End-Use
10. South America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Cyklop International
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 FROMM Group
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Crown Holdings, Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 Polychem Corporation
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 Teufelberger Stralsund GmbH
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About the Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. South America Plastic Straps Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Brazil Plastic Straps Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 3. Brazil Plastic Straps Market, by End-Use– Revenue and Forecast to 2027 (USD Mn)
Table 4. Argentina Plastic Straps Market, by Type– Revenue and Forecast to 2027 (USD Mn)
Table 5. Argentina Plastic Straps Market, by End-Use – Revenue and Forecast to 2027 (USD Mn)
Table 6. Rest of South America Plastic Straps Market, by Type– Revenue and Forecast to 2027 (USD Mn)
Table 7. Rest of South America Plastic Straps Market, by End-Use– Revenue and Forecast to 2027 (USD Mn)
Table 8. Glossary of Terms, Asia Pacific Plastic Straps Market
LIST OF FIGURES
Figure 1. South America Plastic Straps Market Segmentations
Figure 2. South America Plastic Straps Market Segmentation – By Country
Figure 3. Polypropylene Straps Share In The South America Plastic Straps Market By Type
Figure 4. Brazil Dominated The Asia Pacific Plastic Straps Market In 2018
Figure 5. South America Plastic Straps Market, Industry Landscape
Figure 6. Asia Pacific – Pest Analysis
Figure 7. Plastic Straps Market Impact Analysis of Drivers and Restraints
Figure 8. South America Plastic Straps Market Forecast And Analysis, (US$ Mn)
Figure 9. Plastic Straps Market Revenue Share, By Type (2019 and 2027)
Figure 10. Polyester Straps: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 11. Polypropylene Straps: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 12. Nylon Straps: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 13. Paper Straps: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 14. Composite Straps: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 15. Corded and Woven Straps: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 16. Plastic Straps Market Revenue Share, By End Use (2019 and 2027)
Figure 17. Fiber: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 18. Steel: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 19. Cotton: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 20. Paper: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 21. Bricks and Tiles: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 22. Others: Plastic Straps Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 23. Asia Pacific Plastic Straps Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 24. Brazil: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Argentina: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Rest of South America: Plastic Straps Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 27. IMPACT OF COVID-19 PANDEMIC IN SOUTH AMERICA COUNTRY MARKETS
The List of Companies - South America Plastic Straps Market
- Cyklop International
- FROMM Group
- Crown Holdings, Inc.
- Polychem Corporation
- Teufelberger Stralsund GmbH
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the South America plastic straps market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.