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.
Browse
Details of Report @ https://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.
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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