United Nations Environment Program and the World Resources Institute offers new insight on the global movement to curb single-use plastics. Also, the federal government has asserted its authority to regulate food, drug, and cosmetic packaging to preserve consumer safety and confidence. There have also been a number of regulatory programs introduced by states or local jurisdictions to reduce the use and disposal of certain packaging materials and mandate minimum recycling requirements.

The article cited AMA's "Global Plastic Straps Market Study" explored CAGR of 17.5%. According to the report, Development of Bio- Based Plastics Straps is one of the primary growth factors for the market. High adoption of plastic straps in logistic, packaging, and construction industries is driving the market growth. is also expected to contribute significantly to the Plastic Straps market. Overall, Packaging applications of Plastic Straps, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Pattern, such as Plain, is boosting the Plastic Straps market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Color, such as White, is boosting the Plastic Straps market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Sales Channel, such as Offline (Manufacturers, Wholesalers, Retailers), is boosting the Plastic Straps market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Width, such as 5 mm – 10 mm, is boosting the Plastic Straps market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Food & Beverage, is boosting the Plastic Straps market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Plastic Straps market identified that the demand is rising in many different parts of the world as "Rising Demand in Major Economies such as India and China ". Furthermore, some recent industry insights like "In August 2019, Teufelberger has launched innovative and sustainable PP strap which led to a new technology. It is the basis for the innovative product TEWE SoPRIM, a 5 mm strapping band. TEWE SoPRIM requires fewer raw materials with improved running characteristics as well as convinces, especially in the newspaper and corrugated industry." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Plastic Straps market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Plastic Straps market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Plastic Straps market size is calculated using market estimation process, the Plastic Straps market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Plastic Straps market size has been validated using both top-down and bottom-up approaches.