Polyester Straps Market Is Estimated At US$ 973 Mn In 2022, resulting in a CAGR of 7.4%

Press Release from Future Market Insights

The report presents the value and volume forecast of the global polyester straps market and provides key insights into the factors driving market growth as well as the factors restricting market growth. The estimates point to a revenue growth from about US$ 973 Mn in 2022 to nearly US$ 1389 Mn by 2027 end, resulting in a CAGR of 7.4% over the forecast period.

In terms of volume, the global Polyester Straps market is pegged at 564.3 ‘000 tonnes in 2022 and is expected to register a CAGR of 6.6% during the forecast period, to reach 1,073.8 ‘000 tonnes by the end of 2027.

Global Polyester Straps Market: Segmentation and Forecast

The report segments the global polyester straps market on the basis of packing grade, width, break strength, thickness, application and on the basis of end use industry.

The machine grade segment is estimated to be valued at US$ 290 Mn in the year 2022 and is slated to reach a value of US$ 576.4 Mn in the year 2027, exhibiting a CAGR of 7.1% during the period of assessment.

The 5-15 mm width type segment is estimated to be valued at US$ 3 Mn in the year 2022 and is poised to reach a value of US$ 442.2 Mn in the year 2027, displaying a CAGR of 6.9% during the forecast period.

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The 300-500 kg break strength type segment is estimated to be valued at US$ 175.6 Mn in the year 2022 and is slated to reach a value of US$ 365.1 Mn in the year 2027, exhibiting a CAGR of 7.6% during the assessment period.

The less than 0.50 mm thickness type segment is estimated to be valued at US$ 97.8 Mn in the year 2022 and is poised to reach a value of US$ 186.6 Mn in the year 2027, displaying a CAGR of 6.7% during the forecast period.

The heavy duty bailing and others application type segment is estimated to be valued at US$ 73.4 Mn in the year 2022 and is slated to reach a value of US$ 140.8 Mn in the year 2027, exhibiting a CAGR of 6.7% during the period of assessment.

The paper and allied products end use industry segment is estimated to be valued at US$ 98 Mn in the year 2022 and is poised to reach a value of US$ 179.3 Mn in the year 2027, exhibiting a CAGR of 6.2% during the forecast period.

Global Polyester Straps Market By Category

By Thickness:

Below 0.5mm

0.5mm-0.75mm

0.76mm-1mm

Above 1mm

By Packing Grade:

Hand Grade Polyester Straps

Machine Grade Polyester Straps

By Width:

5mm-15mm

16mm-25mm

26mm-35mm

Above 35mm

By Breaking Strength:

Up to 220kg

221kg to 300kg

301kg to 500kg

501kg to 1,000kg

Above 1,000kg

By End Use Industry:

Food & Beverage

Pharmaceuticals

Electronics & Electricals

Automotive

Construction & Allied Industries

Paper & Allied Industries

Textiles & Apparels

Chemicals & Fertilizers

Others

By Application:

Heavy Duty Bailing

Bundling

Palletizing

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Global Polyester Straps Market: Regional Forecast

Future Market Insights tracks the performance of the global polyester straps market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.

As per the forecast of Future Market Insights, North America polyester straps market is estimated to be valued at US$ 158.3 Mn in the year 2022 and is slated to touch a value of US$ 323.9 Mn in the year 2027, reflecting a CAGR of 7.4% during the assessment period. The Western Europe polyester straps market is estimated to be valued at US$ 119.8 Mn in the year 2022 and is slated to touch a value of US$ 237.8 Mn in the year 2027, exhibiting a CAGR of 7.1% during the assessment period.

Global Polyester Straps Market: Vendor Insights

The report has included some of the key players operating in the global laundry care market such as

  • Teufelberger Holding Ag,
  • Samuel Strapping Systems,
  • FROMM Packaging Systems Inc.,
  • Mosca GmbH,
  • Industrial Yarns Pty Ltd.,
  • Linder GmbH,
  • The Plastic Strapping Company Ltd.,
  • Northshore Strapping Company,
  • Plastic Extruders Ltd.,
  • National Webbing Products and others.

Launching of bio-gradable Polyester Straps is a key focus area for key players in this market both at international as well as regional level. Manufacturers are preferring recycled raw materials for manufacturing Polyester Straps.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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