Polyester Straps Market by Grade Type and Geography - Forecast and Analysis 2022-2026

The polyester straps market share is expected to increase by USD 1.15 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 16.02%. This polyester straps market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The polyester straps market report also offers information on several market vendors, 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., and UNIVERSAL STRAPPING Corp. among others. Furthermore, this report extensively covers polyester straps market segmentation by grade type (machine grade and hand grade) and geography (APAC, North America, Europe, South America, and Middle East and Africa).

What will the Polyester Straps Market Size be During the Forecast Period?

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Polyester Straps Market: Key Drivers, Trends, and Challenges

The polyester straps have emerged as a viable option to steel strapping is notably driving the polyester straps market growth, although factors such as alternatives such as polypropylene strapping may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the polyester straps industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Polyester Straps Market Driver

The polyester straps have emerged as a viable option to steel strapping is one of the key drivers supporting the polyester straps market growth. The corrosion problem of steel has been addressed with the advent of polyester straps. Steel strapping was used to wrap things before polyester straps were introduced to the global market. Steel corrodes easily, causing the quality of things wrapped in it to deteriorate. The logistics industry, as well as other related businesses, suffered the consequences. As a result, there was a desire for alternate strapping options that were light and soft. As a result, the usage of polyester straps as a suitable alternative to steel strapping has increased. Such factors have increased the demand for polyester straps and thereby, driving the market growth.

Key Polyester Straps Market Trend

Flourishing the e-commerce industry encouraging the demand is one of the key polyester straps market trends. The ease of online shopping encourages the switch from traditional shopping methods. The advent of e-commerce has brought about vital changes in many industries, such as the textile and electronics industries. E-commerce has transformed the way purchases are made. It has increased the accuracy and efficiency of conducting business and optimizing the distribution channels. By using e-commerce to distribute products, manufacturers have reduced transaction costs, improved inventory management, increased productivity, and quickened the purchase process. In addition, the rapidly developing global credit payment system has simplified payments and reduced risks to a significant extent. Such factors will boost the market growth during the forecast period.

Key Polyester Straps Market Challenge

The alternatives such as polypropylene strapping is one of the factors hindering the polyester straps market growth. Polypropylene strapping is a low-cost alternative to polyester straps for moderate duty such as bundling, unitizing, and palletizing. Bundling and packaging newspapers, magazines, food goods such as meat, appliances, corrugated boxes, cut paper, and cartons are some applications for polypropylene strapping. It is recommended in these applications due to its higher elongation. As a result, Polypropylene is suitable for light to medium-duty jobs. As a result, the market for polyester straps is suffering as manufacturers favor polypropylene straps over polyester straps in such applications. These challenges are expected to limit the market growth during the forecast period.

This polyester straps market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global polyester market as a part of the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the polyester straps market during the forecast period.

Who are the Major Polyester Straps Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, 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.

 

This statistical study of the polyester straps market encompasses successful business strategies deployed by the key vendors. The polyester straps market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.

Product Insights and News

• Autostrapindia.com - The company is involved in offering petrock polyethylene terephthalate strap for heavy duty packaging which provides a superior alternative to steel strapping in terms of strength, cost-effectiveness and workability making it one of the best strapping materials to use for securing any type of palletized or unitized load.
• Crowncork.com - The company is involved in offering polyester straps which are mostly used in heavy-duty bundling applications such as shipping bricks, metals, beverage pallets, and other heavyweight packages.
• Dubosestrapping.com - The company is involved in offering plastic strapping and plastic strapping systems for a wide range of industries applications ranging from paper to lumber, to bottles and cans, thus ensuring the protection of products during handling, storage, and throughout the shipping process.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The polyester straps market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Polyester Straps Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the polyester straps market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Polyester Straps Market?

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45% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for polyester straps market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing industrialization and strong demand for polyester straps from industries such as paper and printing, and metal and steel will facilitate the polyester straps market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic severely impacted the lives of people around the world. However, in Q4 2020 and the first half of 2021, lockdowns were lifted in some countries across the region, and manufacturing and supply chain activities resumed. Thus, the polyester straps market is expected to witness rapid growth during the forecast period.

What are the Revenue-generating Grade Type Segments in the Polyester Straps Market?

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The polyester straps market share growth by the machine grade segment will be significant during the forecast period. Superior impact and weather-resistant properties of machine-grade polyester straps increase their preference in sectors such as the automotive industry. When compared with steel straps, these are more economical due to the cost per foot and are approximately 70% to 80% lighter. They are generally stored in coils and do not require high space for storage. Superior pliability, minimal elongation, and tension retaining properties with elastic memory further intensify their preference in heavy-duty applications. They are highly compatible with various packaging and strapping equipment. Thus, the growing demand for machine-grade polyester straps in packaging applications is expected to drive the market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the polyester straps market size and actionable market insights on post COVID-19 impact on each segment.

 

Polyester Straps Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 16.02%
Market growth 2022-2026	$ 1.15 billion
Market structure	Fragmented
YoY growth (%)	15.33
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 45%
Key consumer countries	US, China, India, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	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., and UNIVERSAL STRAPPING Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Polyester Straps Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive polyester straps market growth during the next five years
• Precise estimation of the polyester straps market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the polyester straps industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of polyester straps market vendors

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