The global Plastic Straps Market is anticipated to grow significantly through 2028 due to the increasing demand from various industries including paper, food & beverage, steel, and tiles, among others.. In 2020, the use of packaging in the Brazilian food sector increased by 2.4 %.
The global Plastic Straps Market is expected to expand during the projected period due to increasing demand from the paper sector as plastic straps offer versatility in packaging applications, accommodating different sizes, shapes, and weights of paper products. Moreover, tamper-evident packaging is critical in the food and beverage industry to prevent unauthorized access or tampering with products. Plastic straps offer a tamper-evident packaging solution, providing visible indications if the packaging has been compromised and will result in accelerated the growth of Global Plastic Straps Market in the upcoming years.
Growing Demand in Industrial Logistics and Warehouse Sector
Plastic straps, also known as plastic banding, have become an integral part of the industrial logistics and warehouse sector. With their reliable and cost-effective packaging solutions, plastic straps play a crucial role in securing and bundling goods for transportation and storage. Plastic straps offer excellent tensile strength, allowing them to securely hold and bundle different types of products, regardless of size or shape. These straps provide reliable packaging solutions, minimizing the risk of damage or shifting during transit.
Their ability to withstand tension and maintain load stability makes them an ideal choice for securing goods in warehouses and during transportation. They are used to bundle and secure a variety of goods, including boxes, cartons, pallets, and bundles. Whether it's securing items for storage on warehouse shelves, palletizing goods for transportation, or reinforcing heavy loads, plastic straps offer flexibility and adaptability. The ability to handle different packaging requirements efficiently makes plastic straps a popular choice in this sector. Moreover, the industrial logistics and warehouse sector place a significant emphasis on cost-effectiveness and operational efficiency. Plastic straps offer a cost-effective packaging solution compared to alternative materials like steel strapping. They are lightweight, reducing shipping costs and increasing efficiency during handling and storage. For instance, In Western Europe, the average return on equity (ROE) in the transport and logistics sector was around 13%.
Plastic straps are also easy to use and require minimal setup time, streamlining packaging operations in warehouses. These factors contribute to cost savings and overall operational efficiency, making plastic straps an attractive option. In addition, plastic straps enable quick and efficient packaging, saving time and improving overall productivity. They can be easily tensioned and sealed using manual or automated tools, reducing the time required for packaging operations. Automated strapping systems further enhance productivity by offering consistent tensioning and sealing, eliminating human error, and ensuring faster processing of goods. The time-saving capabilities of plastic straps contribute to streamlined operations and increased throughput in warehouses.
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Furthermore, automation plays a significant role in the industrial logistics and warehouse sector, aiming to streamline processes and improve efficiency. Plastic straps are compatible with automated strapping systems, allowing for seamless integration into automated packaging lines. Automated systems provide an efficient tension seal, and cut plastic straps, minimizing human intervention and ensuring consistent quality. Therefore, the increasing demand for plastic straps in the industrial logistics and warehouse sectors drives the growth of the Global Plastic Straps Market during the projected period.
Rising demand from the Food & Beverage Sector
Plastic straps, also known as plastic banding, have gained significant traction in the food and beverage sector as a reliable and efficient packaging solution. With stringent requirements for hygiene, safety, and product integrity, the food and beverage industry demands packaging materials that can effectively secure and protect its perishable goods. As, plastic straps offer an excellent solution for securing and protecting perishable goods during transportation and storage. These straps are designed to be hygienic, ensuring that they do not contaminate the food products they come into contact with.
Along with this, plastic straps do not rust or corrode, minimizing the risk of contamination compared to alternative packaging materials like metal strapping. Their ability to securely hold and bundle various food items, such as cartons, crates, and pallets, ensures that products remain intact and free from damage. Furthermore, plastic straps offer a tamper-evident packaging solution, providing visible indications if the packaging has been compromised. Once the plastic strap is applied and sealed, any tampering attempts will cause visible damage to the strap, alerting both businesses and consumers to potential product tampering. In addition, plastic straps offer versatility and adaptability to meet the diverse packaging needs of the sector. They can be easily adjusted to bundle different types and sizes of products, accommodating variations in packaging requirements. Whether it is securing cardboard boxes, crates, or palletized goods, plastic straps provide flexibility and ensure secure packaging for various food and beverage items.
Additionally, with growing awareness for keeping the environment clean, and sustainable, consumers are looking for alternative solutions. Packaging manufacturers are also becoming motivated to introduce bio-based materials in various industries including the packaging industry.
Thus, increasing demand from the food & beverage sector led to the growth of the Global Plastic Straps Market during the forecast years.
Increasing Demand from the Steel Industry
Plastic straps are designed with high tensile strength, allowing them to withstand the immense weight and pressure exerted by steel products. These straps offer excellent load-bearing capacity, ensuring that steel coils, sheets, pipes, and other steel products are securely bundled and remain intact during transportation. Steel is susceptible to corrosion and damage caused by moisture and environmental elements.
Plastic straps offer a distinct advantage in this regard as they are resistant to corrosion and weathering. Unlike steel strapping, plastic straps do not rust or deteriorate when exposed to moisture or varying climatic conditions. This corrosion resistance ensures that the integrity of the steel products remains intact, even during long-distance transportation or storage in challenging environments. For example, polyester strapping is the most commonly used polymer strapping material. Its strength and durability have made it the most commonly used material to replace steel strapping. For instance, according to a research article, in 2021, around 1.776 billion metric tons of crude steel were produced worldwide.
Additionally, plastic straps provide an opportunity for traceability through customization and branding options. Manufacturers can opt for customized printing on the straps, including product information, batch numbers, and company logos. This facilitates easy identification and tracking of steel products, improving inventory management and traceability throughout the supply chain.
All these factors dominate the demand of the Plastic Straps in the projected years.
However, growing environmental awareness among individuals is trying to reduce plastic consumption for maintaining balance in the environment which is limiting demand for plastic straps in the packaging industry result in slow down the market growth. Moreover, fluctuations in the price of raw materials including polyester, polypropylene, etc. hamper the production cost and reduce the profitability of the product, further slowing down the market growth.
Recent Developments
- In 2023, EAM-Mosca announced exclusive agreement with Reisopack S.L. regarding the supply of plastic strapping materials, as well as after-market technical service
- In 2022, TEUFELBERGER takes over Maillis Strapping Solutions in Poland to expand the strapping solutions.
- In 2022, Signode will introduce First Ever Dylastic Bio-based PP (Polypropylene) Strap made of a minimum of 40% renewable bio plastic and vegetable raw materials and reducing CO2 emissions by 50%.
- In 2022, Signode present end-to-end automation and packaging solutions at PACK EXPO 2022 in Chicago, Illinois.
- In 2021, EAM-Mosca introduces the new USI-2 SoniXs a high-performing high-tension side seal strapping system designed to secure palletized and non-palletized loads for storage and shipment.
- In 2019, Messersì Packaging showed complete solutions for packaging and automation in Pack Expo Las Vegas.
Market Segmentation
Global Plastic Straps Market is segmented based on type, end-user industry, and region. Based on type, the global plastic straps market is fragmented into polyester straps, nylon straps, polypropylene straps, and others. Based on the end user industry, the global plastic straps market is categorized into industrial logistics and warehouses, food and beverage, steel, paper, and others. Based on region, the global plastic straps market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa, By Company.
Table of Content-Plastic Straps Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Voice of Customer
- Global Plastic Straps Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Polyester Straps, Nylon Straps, Polypropylene Straps, Others)
5.2.2. By End User Industry (Industrial Logistics and Warehouse, Food and Beverage, Steel, Paper, Others)
5.2.3. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
5.2.4. By Company (2022)
5.3. Market Map
5.3.1. By Type
5.3.2. By End User Industry
5.3.3. By Region
- North America Plastic Straps Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By End User Industry
6.2.3. By Country
6.3. North America: Country Analysis
6.3.1. United States Plastic Straps Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type