Polyester strapping is characterized by a very consistent tensile strength and very high elongation. Characteristics that are most decisive factor for a safe and reliable strapping method. Unlike strapping made from steel, Polyester strapping having its very high elongation, is able to absorb shocks and impacts during transportation and handling far better than steel strapping is capable of. The excellent elongation allows the substitution for the same application with Polyester strap having a lower breaking strength.
The PET Strapping mainly classified into two types: Embossed PET Strapping and Smooth PET Strapping. Smooth PET Strapping is currently the most popular type in Asia-Pacific accounting for about 70% market share.
The market is not only influenced by the price, but also influenced by the product performance. Although China domestic companies have price advantage, the application is narrow to some extent due to the poor manufacture processing, cheap raw material and less diversity of products.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Global PET Strapping market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for PET Strapping.
This report researches the worldwide PET Strapping market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global PET Strapping breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Patel Strap Manufacturing
PET Strapping Breakdown Data by Type
Embossed PET Strapping
Smooth PET Strapping
PET Strapping Breakdown Data by Application
Food & Beverage
PET Strapping Production Breakdown Data by Region
PET Strapping Consumption Breakdown Data by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global PET Strapping capacity, production, value, consumption, status and forecast;
To focus on the key PET Strapping manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of PET Strapping :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.