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Europe Plastic Strap Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type, End Use (Fiber, Steel, Cotton, Paper, Bricks & Tiles and Others

  • ID: 5231492
  • Report
  • November 2020
  • Region: Europe
  • 115 pages
  • The Insight Partners
UP TO OFF
until Jan 31st 2021

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FEATURED COMPANIES

  • Crown Holdings Inc.
  • Cyklop International
  • FROMM Group
  • Linder GmbH
According to the latest study on “Europe Plastic Strap Market Forecast to 2027 - COVID-19 Impact and Analysis - by Type (Polyester Straps, Polypropylene Straps, Nylon Straps, Paper Straps, Composite Straps, Corded and Woven Straps), End Use (Fiber, Steel, Cotton, Paper, Bricks & Tiles and Others) and Country, the Europe plastic strap market was valued at US$ 418.48 million in 2019 and is projected to reach US$ 1,285.68 million by 2027; it is expected to grow at a CAGR of 15.3 %during 2020-2027. The report provides understanding on the key driving factors pertaining to the market growth and highlights the prominent players in the market, along with their developments.

Plastic straps are made of polypropylene and polyester types and are available in a wide variety of designs, strengths, and finishes. These straps are increasingly used in a wide range of industries, such as steel, paper, cloth, cotton and bricks, and tiles. In the last several years, the popularity of plastic strapping has risen over many other packaging options. This mainly due to the cost-saving advantages plastic strapping offers over its competitive products and efficiency benefits. Metal seals are not required in plastic strapping because either friction or heat seal is used to weld the strap. Also, damage to goods is significantly reduced at a lower cost per foot without metal seals, and it is created at a lower price. Plastic strapping is developed in compliance with the toughest industry tolerances. It is approved for the use of both brick and timber. It is ideal for heavy-duty loads when good initial tension and retained tension are required because they have splendid retained tension properties. This way, even after the package has settled or its size has shrunk, the strap stays tight around the load. There are various high-speed automatic unitizing systems and hand tools for which this strapping form can be used. It is available in a wide variety of lengths, widths, and gauges. Nowadays, high strength plastic strapping is also available for closed rail and open-top shipments of brick, lumber, and other vehicles' panel products. Due to its lightweight properties, it can be easily folded and shaped from one position to another. This further creates a massive demand for plastic straps across Europe.

Demand for plastic straps in developing countries is expected to grow on account of the presence of established leading strap manufacturers such as Teufelberger Stralsund GmbH, Cyklop International, and FROMM Group, which are focused on research and development activities. The developments in the building industry associated with the use of types are changing faster than ever before. Urbanization is considered to be one of the international megatrends that are shaking up the building industry. The population of urban areas is rising by 200,000 people every day, many of whom need moderately priced housing as well as transport, social, and service infrastructure. In such challenges, the construction industry is practically under a moral compulsion to transform Its transformation has an impact elsewhere on the broader society, by lowering construction costs and by illuminating the use of scarce resources or by making buildings more eco-efficient and by improving economic growth and narrowing the infrastructure gap. Utilization of plastic straps in owing to the demand for type with heavyweight and tensile strength. Increasing infrastructure demand in the evolving economies on account of developing road infrastructure, increase in per capita ownership of houses, and rising spending capacity is expected to affect the construction sector in the region, which in turn will drive the demand for plastic straps. Furthermore, the packaging industry in the Europe is anticipated to showcase a noteworthy growth with respect to the increased binding of products in domestic as well as exports to international markets.

European continent comprises of several developing economies such as Germany, France, Italy, the UK, Russia, and the rest of Europe. The packaging industry contributes a significant share to the GDP of the region. This industry is supporting the growth of the economy by assisting with various materials to be used in multiple applications that result in the creation of a diversified array of business opportunities and services. The packaging industry of the EU is considered to be a crucial industry as it significantly contributes to the country’s GDP as well as employs millions of people in the region. Increasing demand for high-strength packaging products in different end-use industries, including agrochemical, chemical, consumer goods, food packaging, and other industries, is influencing the market growth for plastic straps in Europe. The demand for various packaging materials and products has increased within the European region, particularly in Germany, France, and the UK. Steady growth in the food & beverages, chemical, agrochemicals, construction, textile, and other industry has had a noteworthy influence on the plastic straps market in Europe. Extensive research work and focus of manufacturers to anticipate and meet the needs in the conception, development, and implementation of innovative packaging products, is further driving this market in Europe. Properly securing loads can prevent injuries to people, damage to vehicles & property, and congestion due to lost cargo. EU countries have different rules on the same. The EU has therefore produced guidelines on cargo securing set by the European Commission. The EU has laws on the maximum weights and dimensions allowed for road freight. Loads that surpass the limits - referred to as “abnormal loads” - require special permits from regional or national authorities. Packaging and strapping also come under consideration, which is further influencing the studied market growth.

Recently, the World Health Organization (WHO) announced the outbreak of COVID-19, the novel form of a disease caused by the virus SARS-CoV-2, as a pandemic. This outbreak started in December 2019 in Wuhan, China, and later, it turned into a pandemic, causing numerous deaths worldwide. The outbreak of COVID-19 pandemic has severely impacted the chemicals & materials industry. The shutdowns of this industry and supply chain disruptions due to lockdown of countries has created a strain on the supplies of the products of this industry. The Italy has the highest number of confirmed cases of COVID-19 morbidities in Europe. The majority of the manufacturing plants were shut down during the lockdown, and the construction industry was at a halt, which has negatively impacted the plastic strap market. This likely to impact the chemical and materials industry in the region as, due to the COVID-19 outbreak, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.

The Europe plastic strap market is concentrated with several well-established players. A few of the key players in this market include are Teufelberger Stralsund GmbH, Cyklop International, FROMM Group, Linder GmbH and Crown Holdings Inc.

Reasons to Buy
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe plastic strap market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Crown Holdings Inc.
  • Cyklop International
  • FROMM Group
  • Linder GmbH
1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Plastic Strap Market - by Type
1.3.2 Europe Plastic Strap Market - by End Use
1.3.3 Europe Plastic Strap Market - by Country

2. Key Takeaways

3. Research Methodology
3.1 Research Methodology
3.1.1 Data Collection:
3.1.2 Primary Interviews:
3.1.3 Hypothesis formulation:
3.1.4 Macro-economic factor analysis:
3.1.5 Developing base number:
3.1.6 Data Triangulation:
3.1.7 Country level data:

4. Europe Plastic Strap Market Landscape
4.1 Market Overview
4.1.1 Europe PEST Analysis

5. Europe Plastic Strap Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising preference for lightweight and low-cost strapping Types
5.1.2 Growing demand in Key Markets Such as Germany and UK
5.2 Market Restraints
5.2.1 Environmental Pollution and Waste Management
5.3 Market Opportunities
5.3.1 Surging Construction Industry in Developing Countries
5.4 Future Trends
5.4.1 Development of Bio- Based Plastics
5.5 Impact Analysis of Drivers and Restraints

6. Plastic Strap- Europe Market Analysis
6.1 Europe Plastic Strap Market Overview
6.2 Europe: Plastic Strap Market - Revenue, and Forecast to 2027 (US$ Mn)

7. Europe Plastic Strap Market Analysis - by Type
7.1 Overview
7.2 Plastic Strap Market Breakdown, by Type, 2019 & 2027
7.3 Polyester Straps
7.3.1 Overview
7.3.2 Polyester Straps: Europe Plastic Strap Market, Revenue Forecast to 2027 (US$ Mn)
7.4 Polypropylene Straps
7.4.1 Overview
7.4.2 Polypropylene Straps: Europe Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
7.5 Nylon Straps
7.5.1 Overview
7.5.2 Nylon Straps: Europe Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
7.6 Paper Straps
7.6.1 Overview
7.6.2 Paper Straps: Europe Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
7.7 Composite Straps
7.7.1 Overview
7.7.2 Composite Straps: Europe Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
7.8 Corded and Woven Straps
7.8.1 Overview
7.8.2 Corded and Woven Straps: Europe Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)

8. Europe Plastic Strap Market Analysis - by End Use
8.1 Overview
8.2 Europe Plastic Strap Market, by End Use (2019 and 2027)
8.3 Fiber
8.3.1 Overview
8.3.2 Fiber: Europe Plastic Strap Market, Revenue Forecast to 2027 (US$ Mn)
8.4 Steel
8.4.1 Overview
8.4.2 Steel: Europe Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
8.5 Cotton
8.5.1 Overview
8.5.2 Cotton: Europe Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
8.6 Paper
8.6.1 Overview
8.6.2 Paper: Europe Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
8.7 Bricks and Tiles
8.7.1 Overview
8.7.2 Bricks and Tiles: Europe Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Others: Europe Plastic Strap Market, Revenue and Forecast to 2027 (US$ Mn)

9. Europe Plastic Strap Market - Country Analysis
9.1 Overview
9.1.1 Europe: Plastic Strap Market - Revenue and Forecast to 2027(US$ Mn)
9.1.2 Europe: Plastic Strap Market, by Key Country
9.1.2.1 Germany: Plastic Straps Market -Revenue and Forecast to 2027 (US$ Mn)
9.1.2.1.1 Germany: Plastic Straps Market, by Type
9.1.2.1.2 Germany: Plastic Straps Market, by End-Use
9.1.2.2 France: Plastic Straps Market -Revenue and Forecast to 2027 (US$ Mn)
9.1.2.2.1 France: Plastic Straps Market, by Type
9.1.2.2.2 France: Plastic Straps Market, by End-Use
9.1.2.3 Italy: Plastic Straps Market -Revenue and Forecast to 2027 (US$ Mn)
9.1.2.3.1 Italy: Plastic Straps Market, by Type
9.1.2.3.2 Italy: Plastic Straps Market, by End-Use
9.1.2.4 UK: Plastic Straps Market -Revenue and Forecast to 2027 (US$ Mn)
9.1.2.4.1 UK: Plastic Straps Market, by Type
9.1.2.4.2 UK: Plastic Straps Market, by End-Use
9.1.2.5 Russia: Plastic Straps Market -Revenue and Forecast to 2027 (US$ Mn)
9.1.2.5.1 Russia: Plastic Straps Market, by Type
9.1.2.5.2 Russia: Plastic Straps Market, by End-Use
9.1.2.6 Rest of Europe: Plastic Straps Market -Revenue and Forecast to 2027 (US$ Mn)
9.1.2.6.1 Rest of Europe: Plastic Straps Market, by Type
9.1.2.6.2 Rest of Europe: Plastic Straps Market, by End-Use

10. Impact of COVID-19 Pandemic on Europe Plastic Strap Market
10.1 Overview
10.2 Europe: Impact Assessment of COVID-19 Pandemic

11. Company Profiles
11.1 Cyklop International
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 FROMM Group
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 LINDER GmbH
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 Crown Holdings, Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 Teufelberger Stralsund GmbH
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments

12. Appendix
12.1 About the Publisher
12.2 Glossary

List of Tables
Table 1. Europe Plastic Strap Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Germany Plastic Straps Market, by Type - Revenue and Forecast to 2027 (USD Mn)
Table 3. Germany Plastic Straps Market, by Fiber End-Use - Revenue and Forecast to 2027 (USD Mn)
Table 4. France Plastic Straps Market, by Type - Revenue and Forecast to 2027 (USD Mn)
Table 5. France Plastic Straps Market, by Fiber Product Type - Revenue and Forecast to 2027 (USD Mn)
Table 6. Italy Plastic Straps Market, by Type - Revenue and Forecast to 2027 (USD Mn)
Table 7. Italy Plastic Straps Market, by End-Use - Revenue and Forecast to 2027 (USD Mn)
Table 8. UK Plastic Straps Market, by Type - Revenue and Forecast to 2027 (USD Mn)
Table 9. UK Plastic Straps Market, by End-Use - Revenue and Forecast to 2027 (USD Mn)
Table 10. Russia Plastic Straps Market, by Type - Revenue and Forecast to 2027 (USD Mn)
Table 11. Russia Plastic Straps Market, by End-Use - Revenue and Forecast to 2027 (USD Mn)
Table 12. Rest of Europe Plastic Straps Market, by Type - Revenue and Forecast to 2027 (USD Mn)
Table 13. Rest of Europe Plastic Straps Market, by End-Use - Revenue and Forecast to 2027 (USD Mn)
Table 14. Glossary of Terms, Europe Plastic Strap Market

List of Figures
Figure 1. Europe Plastic Strap Market Segmentations
Figure 2. Europe Plastic Strap Market Segmentation - by Country
Figure 3. Europe Plastic Strap Market Overview
Figure 4. The Polypropylene Straps Segment Held Largest Share of Europe Plastic Strap Market by Type
Figure 5. Rest of Europe Held Largest Share of Europe Plastic Strap Market
Figure 6. Europe Plastic Strap Market, Industry Landscape
Figure 7. Europe - Pest Analysis
Figure 8. Impact Analysis of Drivers and Restraints
Figure 9. Europe: Plastic Strap Market - Revenue and Forecast to 2027 (US$ Mn)
Figure 10. Europe: Plastic Strap Market Revenue Share, by Type (2019 and 2027)
Figure 11. Polyester Straps: Europe Plastic Strap Market, Revenue and Forecast, 2017 -2027 (US$ Mn)
Figure 12. Polypropylene Straps: Europe Plastic Strap Market, Revenue and Forecast, 2017 -2027 (US$ Mn)
Figure 13. Nylon Straps: Europe Plastic Strap Market, Revenue and Forecast, 2017 -2027 (US$ Mn)
Figure 14. Paper Straps: Europe Plastic Strap Market, Revenue and Forecast, 2017 -2027 (US$ Mn)
Figure 15. Composite Straps: Europe Plastic Strap Market, Revenue and Forecast, 2017 -2027 (US$ Mn)
Figure 16. Corded and Woven Straps: Europe Plastic Strap Market, Revenue and Forecast, 2017 -2027 (US$ Mn)
Figure 17. Europe Plastic Strap Market Revenue Share, by End Use (2019 and 2027)
Figure 18. Fiber: Plastic Strap Market - Revenue, and Forecast to 2027 (US$ Mn)
Figure 19. Steel: Europe Plastic Strap Market, Revenue and Forecast, 2017 -2027 (US$ Mn)
Figure 20. Cotton: Europe Plastic Strap Market, Revenue and Forecast, 2017 -2027 (US$ Mn)
Figure 21. Paper: Europe Plastic Strap Market, Revenue and Forecast, 2017 -2027 (US$ Mn)
Figure 22. Bricks and Tiles: Europe Plastic Strap Market, Revenue and Forecast, 2017 -2027 (US$ Mn)
Figure 23. Others: Europe Plastic Strap Market, Revenue and Forecast, 2017 -2027 (US$ Mn)
Figure 24. Europe: Plastic Strap Market - Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Europe: Plastic Strap Market Revenue Share, by Key Country (2019 and 2027)
Figure 26. Germany: Plastic Straps Market-Revenue and Forecast to 2027 (US$ Mn)
Figure 27. France: Plastic Straps Market-Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Italy: Plastic Straps Market-Revenue and Forecast to 2027 (US$ Mn)
Figure 29. UK: Plastic Straps Market-Revenue and Forecast to 2027 (US$ Mn)
Figure 30. Russia: Plastic Straps Market-Revenue and Forecast to 2027 (US$ Mn)
Figure 31. Rest of Europe: Plastic Straps Market-Revenue and Forecast to 2027 (US$ Mn)
Figure 32. Impact of COVID-19 Pandemic in Europe Country Market
Note: Product cover images may vary from those shown
  • Teufelberger Stralsund GmbH
  • Cyklop International
  • FROMM Group
  • Linder GmbH
  • Crown Holdings Inc.
Note: Product cover images may vary from those shown
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