Global Cord Strap Market Overview:
In the packaging sector, strap is frequently used to tie or secure products. A variety of materials, including plastic, steel, paper, and cloth, can be used to make it. The strap is typically fastened to itself using a variety of techniques, but it can also be fastened to other objects, including pallets. Nowadays, polypropylene strapping, or PP strap, is the most widely used type of plastic strapping. Although the quality of the later-developed Strap PET is higher, and is also more affordable. Increased demand is anticipated for cord straps as an appropriate packaging material due to the surge in demand for consumer electronics, domestic appliances, pharmaceuticals, medical devices, and textile goods. The e-commerce sector's growth and the growth of mail orders and the logistics sector are expected to drive up demand for strapping materials. Growing ecological responsibility and a strategic change towards environmentally friendly solutions are the driving forces behind the adoption of sustainable cord straps which is expected to create significant opportunities for the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Advancement in Material Science and Development of Straps With High-Performance Polymers and Bio-Based Materials
Market Growth Drivers:
Rise of E-Commerce and Increased Demand for Secure Packaging to Prevent Damage During Transit and Longer Transportation Distances Due to Globalization and Expansion of International Trade
Challenges:
Compatibility With Different Strapping Systems and Lack of Universal Standards
Restraints:
Fluctuating Raw Material Prices Such as Polymer and Steel May Affect the Market Growth
Opportunities:
Increasing Focus on Sustainability and Growing Adoption of Cord Straps Made With Biodegradable or Recycled Materials and Development of Specialized Cord Straps for Specific Industries or Cargo Types
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Some of the key players profiled in the report are Mosca GmbH (Germany), Kwikpac Limited (United Kingdom), Cyklop (China), Wreltt India Private Limited (India), TITAN Umreifungstechnik (Germany), FROMM Group (Switzerland), Teufelberger (Sweden), Cordstrap (Netherlands), Garibaldi S.A. (Chile), Polychem Corporation (United States), StraPack, Corp. (United States), Technopack Corporation (United States), Martin Packaging (Ireland), Signode Industrial Group LLC (United States) and Green Group SA. (Romania). Analyst at AMA Research see European Vendors to retain maximum share of Global Cord Strap market by 2030. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Cord Strap market. Considering Market by Material Type, the sub-segment i.e. Polypropylene will boost the Cord Strap market. Considering Market by End User, the sub-segment i.e. Food & Beverage will boost the Cord Strap market.
What Can be Explored with the Cord Strap Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cord Strap Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cord Strap
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cord Strap market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cord Strap market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Cord Strap Manufacturers, Suppliers & Distributors, Government Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.