Reports


Americas Strapping Materials Market Size, Sector / Industry Report & Analysis, 2019-2025 (Includes Business Impact of COVID-19)

  • TBI391063
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                              Abstract, Snapshot, Market Analysis & Market Definition: Global Americas Strapping Materials Market

The Americas strapping materials market size was estimated at USD 1.64 billion in 2017 and is expected to register a CAGR of 4.0% over the forecast period. Rising demand for lightweight materials to reduce cost per unit volume levied by logistics carriers is expected to drive the market through 2025.
The market is majorly driven by growing product demand from various application segments such as food and beverage and industrial packaging. Factors such as rising awareness and importance of sustainable and environment-friendly packaging are also anticipated to boost market growth over the forecast period.
 
Synthetic fibers such polyester and polypropylene are majorly used as a raw material on account of their technical properties such as high tensile strength and abrasion resistance. PET straps produced by melting recycled PET materials, granules, pellets, or flake offer high strength and stretchability to the straps.
Volatile prices of raw materials such as steel, polyester, and polypropylene may challenge market growth over the forecast period. Rising cost of energy and other utilities required for manufacturing these raw materials is also anticipated to impact the market.
Key manufacturers are emphasizing on manufacturing cost-efficient, environment-friendly, and application-specific straps in order to increase growth opportunities and ensure compliance with regulatory frameworks. Furthermore, use of plastic straps over non-plastic straps has witnessed increased demand in the last few years as they can be recycled.
Rising environment regulations related to carbon emission and disposal of waste have had a major impact on manufacturers. Leading manufacturers operating in the industry are involved in recycling and reusing plastics, with increased focus on addressing environmental concerns as well as reducing raw material costs.

Market Segmentation, Outlook & Viewpoint: Global Americas Strapping Materials Market


Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Steel

Polypropylene

Polyester (PET)

Other


Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Food & Beverage

Industrial Logistics & Warehouse

Corrugated Card Boxes & Paper

Building & Construction

Metal


Key Players, Recent Developments & Regional Insights: Global Americas Strapping Materials Market


Plastic and steel strapping materials are widely used in applications such as food and beverages, industrial logistics and warehouse, corrugated cardboard and paper, building and construction, and metal. These materials have the advantage of being lightweight, which makes them suitable for use in various routes of transportation including road, rail, sea, and air.
Plastic strapping materials manufactured by recycling processes offer numerous environmental benefits. For instance, using a ton of recycled plastic in manufacturing of these materials saves approximately 98 million British thermal unit (BTU) of energy, 16.3 barrels of oil equivalent, and around 30 cubic yards of landfill space. This key feature has been driving product demand.
The PET segment is expected to exhibit a CAGR 4.1% in terms of revenue over the forecast period on account of its high recyclability, making them eco-friendly. Augmented demand for PET strapping materials in the food and beverage industry can be attributed to rising consumer spending on packaged food.
Polypropylene is projected to emerge as the fastest-growing segment from 2018 to 2025, registering a CAGR of 4.6% during that period. Polypropylene straps are widely used in the F&B sector owing to their shock-absorption properties. A shift in trend toward the use of biocompatible plastics is projected to drive the Americas strapping materials market over the coming years.
Application Insights
The industry has two primary applications - food and beverage and industrial logistics and warehouses, which in 2017 together accounted for 59.4% of the revenue in North America. Rising demand for packaged foods as well as beverages has a major impact on increased use of strapping materials and the trend is expected to continue over the forecast period.
Strapping is a highly economical alternative, which can be used efficiently by different industries irrespective of their scale of packaging. Industries such as corrugated cardboard and paper, which deal with high volume of goods, require minimum downtime and maximum efficiency. This makes them major end users of the product.
 
Growth in import and export of goods in industries such as pharmaceutical, textile, consumer electronics, and household appliances have significant impact on product demand. Furthermore, employing different types of production technologies enables manufacturers to produce customized products to meet the requirements of various application industries.
Strapping offers a practical solution to reduce logistical expenses and is used as substitute to film wraps. This reduces the weight of a pellet and saves the incremental value of shipments during domestic and international transportation. It can also efficiently be used to make consolidated shipments. This reduces transportation cost as it moves from less than truckload (LTL) shipment to truckload (TL) shipment.

Regional Insights
North America accounted for 73.1% of the revenue in 2017 on account of high penetration in the food and beverage industry resulting from increased demand for packaged food. It is an essential element for packaging of food and beverage products to avoid damage or contamination during shipment, distribution, and storage.
U.S. packaging trends are rapidly evolving and stimulating designers in multiple industries to innovate. In addition, growing desire for convenience across the packaging industry has driven demand for products that fit into increasingly urban, hectic lifestyle which also increased travel is projected to boost growth.
The Central and South America market was valued at USD 441.5 million in 2017 and is expected to register a CAGR of 5.0% from 2018 to 2025. Rising middle-class population in the region, coupled with increased spending capability, is boosting online retail businesses, which is, in turn, projected to boost the growth of the logistics sector.
Metal product exports are an important component of Brazil’s foreign trade and contribute significantly to its trade surplus. The country is competent in terms of steel and aluminum production due to its large mineral reserves, low labor costs, and highly integrated and modernized production facilities. These factors are expected to drive demand for strapping materials in the region.
Americas Strapping Materials Market Share Insights
The market is oligopolistic in nature, characterized by the presence of several global and regional players. Key players in this market include MOSCA GmbH; Polychem Corporation; Signode Packaging Systems Corporation; and StraPack, Inc. A large number of local players have been facing stiff competition from global companies.
The technical know-how that global entities possess and the investments they make in development of high-quality strapping materials to meet customer requirements has intensified competition at a global level. These companies focus on establishing and expanding their footprint in regions with significant export volumes, thereby increasing the competitive pressure in the market.

Key Insights Covered: Global Americas Strapping Materials Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Americas Strapping Materials industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Americas Strapping Materials industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Americas Strapping Materials industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Americas Strapping Materials industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Americas Strapping Materials industry.

Research Methodology: Global Americas Strapping Materials Market
  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Contents
Chapter 1. Methodology and Scope
    1.1. Research Methodology
    1.2. Research Scope & Assumptions
    1.3. List of Data SourcesChapter 2. Executive Summary
    2.1. Market snapshotChapter 3. Americas Strapping Materials Market Variables, Trends & Scope
    3.1. Americas strapping materials - Market segmentation
         3.1.1. Penetration and growth prospect mapping
    3.2. Americas strapping materials - Value chain analysis
         3.2.1. Raw material analysis
              3.2.1.1. Steel
              3.2.1.2. Polypropylene (PP)
              3.2.1.3. PET
    3.3. Regu
|  read more...

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