Packaging Straps and Buckles Market to Surpass US$ 5.7 Bn by 2032 Amid High Demand from the E-commerce Sector Worldwide | Future Market Insights, Inc.

South Asia is projected to be one of biggest markets for packaging straps and buckles. The increase in logistic & transportation, growing e-commerce and construction industry is driving the packaging straps and buckles market

/EIN News/ -- NEWARK, Del, July 13, 2022 (GLOBE NEWSWIRE) -- According to a latest report by FMI, the global packaging straps and buckles market is expected to reach a valuation of US$ 3.5 Bn in 2022. Demand is slated to surge at a 5% CAGR over the assessment period, pushing the market size to US$ 5.7 Bn by 2032.

Rising preference for heavy-duty packaging formats, along with increasing requirement to protect the product against damage during transportation are fueling sales in the market. Growth in e-commerce, building & construction, transportation & logistics, pharmaceuticals, and other industries is boosting the demand for packaging straps and buckles.

Packaging straps and buckles are flat and flexible and have a high breaking strain which can be used for heavy goods to seal the product tightly to prevent it from falling. Packaging straps and buckles help to protect products from damage during shipping and transportation.

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Plastic packaging straps are generally smooth in texture and mostly made from recycled materials. Packaging straps keep the product in a stationary position during the transportation to avoid accidents and movement of large containers. Stacking of goods during transportation to make shipping safer and more economical will boost the packaging straps and buckles market.

Composite strapping is the latest development in strapping technology. The composite strap is stronger, safe to use, cost effective, and easier. Due to the rapid industrialization, and the increasing number of cross-border trade, sales are expected to increase at a considerable pace over the forecast period.

“Rising need for efficient, cost-effective and sustainable packaging solutions is driving sales of plastic straps and buckles. Besides this, ongoing technological advancements in strapping equipment will augment the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

• On the basis of application, sales in the cartons segment are expected to increase 1.8 times the current value over the forecast period.
• By material, the plastic segment is expected to hold 65% of the total market share by 2032.
• Sales in the China packaging straps and buckles market will increase at a 6.5% CAGR over the forecast period.
• Demand for packaging straps and buckles in India will grow at a 5.8% CAGR over the assessment period.
• South Asia and East Asia are expected to be the biggest markets for packaging straps and buckles.
  
  

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Competition Landscape

Allstrap Steel and Poly Strapping Systems, M.J. MAILLIS GROUP, Fromm Packaging Systems Inc., Nefab Packaging Inc., Caristrap International Inc., Signode Protective Packaging Solutions, MESCORD, VG Enterprises, American Strapping Company, Multitech Products Pvt. Ltd., SPECTA AG, Future Packaging, Jiangsu Trumpstrap Packaging Technology Co., Ltd., Global Strap CC, Matco Packaging LLC, Royal Packaging Industries, Lifex, DSB Packaging, Rhino Strapping Products, Inc., Carolina Strapping and Buckles Company (CS&BC) are some of the leading players operating in the global packaging straps and buckles market.

Global Packaging Straps & Buckles Market Report

Future market insights, in its new report, offers an unbiased analysis of the global market for packaging straps & buckles market by material type (plastic & steel), by strength (light duty, medium duty, and heavy duty), by end use (manufacturing industry, logistics & transportation, building & construction, e-commerce, and household) across seven regions.

Packaging Straps and Buckles Market by Category

By Material Type:

• Plastic
• Steel

By Strength:

• Light Duty
• Medium Duty
• Heavy Duty
  
  

By End Use:

• Manufacturing Industry
• Logistics & Transportation
• Building & Construction
• E-commerce
• Household
  
  

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Middle East & Africa
• Oceania
  
  

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About the Packaging Division at Future Market Insights

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations.

With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. ReStrengthts

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. COVID-19 Impact

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Value Chain Analysis

        3.3.1. Profit Margin Analysis

        3.3.2. Key Participants

            3.3.2.1. Manufacturers

Read More TOC

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Download complimentary copy of Future Market Insights White Paper on Intelligent Packaging for Circular Economy published in collaboration with Graham Packaging and Avery Dennison

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