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Research Delivers Insight into the Global PET Strapping Market during the period 2017-2023
Polyester strapping is characterized by a very consistent tensile strength and very high elongation. Characteristics that aremost 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.
Scope of the Report:
This report focuses on the PET Strapping in global market, especially in North America, Europe and Asia Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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 AsiaPacific 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 aftersales service. Consequently, they take the majority of the market share of high-end market.
The worldwide market for PET Strapping is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers( Signode , STEK, M.J.Maillis Group , Cordstrap , FROMM Group , Yuandong , Hiroyuki Industries , Yongsun , Baole, Patel Strap Manufacturing , Tianli , Strapack, Teufelberger, Cyklop , Ruparel Polystrap and Mosca)
Market Segment by Regions, regional analysis covers North America , Europe, Asia-Pacific, South America and Middle East and Africa.
Market Segment by Type, covers Embossed PET Strapping and Smooth PET Strapping. And also by Applications, can be divided into Applications , Wood Industry , Paper Industry , Food & Beverage, Textile Industry and Other Industries.
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