San Francisco, 7 March 2019: The Report Americas Strapping Materials Market Size, Share & Trends Analysis Report By
Product (Steel, Polypropylene, Polyester), By Application (Industrial Logistics
& Warehouse, F&B), And Segment Forecasts, 2019 - 2025
The Americas strapping materials market size is expected to reach USD 2.24 billion by 2025,
according to a new report by Grand View Research, Inc., at a CAGR of 4.0%
during the forecast period. Using lightweight plastic strapping results in cost
efficiency as it reduces logistical expenses in the food and beverages as well
as industrial logistics and warehouse sectors, which is expected to drive the
market.
Industries such as pharmaceutical, textile,
consumer electronics, and household appliances use strapping materials as a
packaging solution. Growth in import and export of goods in these industries is
projected to fuel market growth. Demand for strapping as an alternative to
packing and palletizing in industrial logistics is expected to rise as it
offers secure cargo movement.
The food and beverages industry uses
strapping for unitizing products such as glass bottles, cans, and snack boxes.
Strapping is increasingly being used as a substitute for wrapping in this
industry as it saves cost and time involved in packaging of food items to be
shipped.
Strapping materials offer high strength and
creep-resistance, which makes them a safe and stable solution for packaging in
various application industries. Selection of an appropriate strapping material
for packaging is extremely crucial. The importance of timely delivery in
e-commerce is fueling demand for superior packaging options such as plastic and
steel strapping.
There has been an increase in awareness
among buyers regarding benefits of using recycled plastics, which makes it
imperative for a business using recycled materials to attract more customers.
Use of plastic strapping not only engages the company in sustainable
manufacturing practices but also offers economic benefits by lowering the cost
of raw material and improving profitability.
Access Research Report of Americas Strapping Materials Market
@ www.grandviewresearch.com/industry-analysis/americas-strapping-materials-market
Further key findings from the report
suggest:
· By product, polyester accounted for the
largest revenue share in 2017 on account of high penetration of the product in
the metals and mining industry, which is an important contributor to economic
growth in countries such as Argentina, Brazil, Chile, Peru, and Columbia
· Product demand in industrial logistics and
warehousing in CSA is expected to be driven by increasing use by freight
forwarding companies as strapping offers secure cargo movement
· The food and beverage application segment
accounted for a significant revenue share in 2017 on account of increasing
product use as a substitute for wrapping. The materials save cost and time
involved in packaging of food items to be shipped
· The market in Central and South America is
expected to register a CAGR of 5.0% owing to rising product demand in the
building and construction industry, which involves transportation of high
volumes of construction material
· The Americas strapping material market is
characterized by a few recognized global players and a large number of domestic
players, with brand identity playing a major role. These players primarily
compete on the basis of product quality.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the
Americas strapping materials market on the basis of product, application, and
region:
Americas Strapping Materials Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Steel
·
Polypropylene
·
Polyester (PET)
·
Other
Americas Strapping Materials Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
Food & Beverage
·
Industrial Logistics & Warehouse
·
Corrugated Card Boxes & Paper
·
Building & Construction
·
Metal
Americas Strapping Materials Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
Central & South America
Access Press Release of
Americas Strapping Materials Market@ www.grandviewresearch.com/press-release/americas-strapping-materials-market-analysis
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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