The Plastic Straps Market is expected to grow from US$4.651 billion in 2025 to US$6.268 billion in 2030, at a CAGR of 6.15%.
Strapping is defined as using a flat material to bundle items together to hold them in place. Plastic straps are widely used in industries such as packaging, construction, lumber, printing, paper, steel, and bricks and tiles due to their elongation recovery.
The characteristics of plastic strapping such as affordability, durability, and variety of applications are the key factors that are driving the market demand in various industries. Also, these straps are cost-effect and lighter in weight than the straps made from other materials, which had made them popular amongst the end-user industries.
The burgeoning e-commerce industry is boosting the demand for plastic straps in packaging and shipment. Plastic strips are used to transfer goods without any damage from the manufacturing facilities to end-users, which is surging their demand in the e-commerce industry.
In addition, the packaging industry is flourishing across the globe, due to the rapid urbanization and the increasing disposable income of the people which in turn will contribute to the market growth during the forecast period.
Moreover, plastic straps are used in the food and beverage, and agriculture industry both of which are booming in the market due to the rapidly increasing population, especially in developing countries like India and China which in turn will strengthen the market growth.
Furthermore, the surge in demand for the electronics industry due to the increasing purchasing power of the population will further boost the demand for the transport of goods which will subsequently bolster the demand for plastic straps, globally.
Plastic Straps Market Share Segmentation:
The polypropylene straps segment accounted for a major share in the by type segment due to its widespread acceptability across end-user industries due to advantages such as high tensile strength, flexibility, and ease of handling among others. By end-use industries, the packaging industry will grow at a high CAGR owing to the increasing use of plastic straps in packaging the products to ensure they safely reach the end-user without any damage. Plastic straps are used in the packaging industry for several applications such as packing e-commerce goods, logistics, packers, and movers, etc. due to which it has a dominant market share. Geographically, Asia Pacific will be the fastest-growing region owing to the increasing number of industries and manufacturing facilities coming up in the region, especially in countries such as India and China. North America is also expected to hold a significant market share due to the flourishing e-commerce, food and beverage, and electronics industry in the region.
The major key driver of the plastic straps market is the increasing industrialization in several countries, especially in emerging economies, across the globe. The rapidly increasing population and rising disposable income of the people have surged the number of industries, across the globe as a means to meet the increasing consumer demand. The industries such as food and beverage, agriculture, packaging, e-commerce, electronics, etc. are flourishing, nationwide which is, in turn, driving the market growth of the plastic straps market.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Plastic Straps Market Size in 2025 | US$4.651 billion |
| Plastic Straps Market Size in 2030 | US$6.268 billion |
| Growth Rate | CAGR of 6.15% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Plastic Straps Market |
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| Customization Scope | Free report customization with purchase |
Segmentation: