DUBLIN, April 17, 2019 /PRNewswire/ -- The "Global Polyester Straps Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The polyester straps market will register a CAGR of over 15% by 2023.
Polyester straps are predominantly used in the paper and printing industry as they are lightweight and resistant to corrosion. They are used in bundling and packaging a wide range of paper and printing products such as specialty paper, writing and printing paper, tissue papers, and coated paper, among others. Printing and writing papers are used for magazines, books, stationery, newspapers, and for office reprographics and catalog printing.
The focus on hygiene is also driving the consumption of tissue papers. High demand for toilet paper, facial wipes, paper towels, and paper products for the foodservice industry is likely to encourage the use of polyester straps. Polyester straps are commonly used in packaging paper products and help in ensuring safe transportation and storage. This increased consumption of paper products is estimated to drive the demand for polyester straps during the forecast period.
Increasing consumption in steel and metal industry
Metal and steel products are used extensively in the manufacturing, building and construction. and infrastructure industries. The growing use of metal and steel products bolsters the uses of polyester straps that are used in palletizing, tying, and packaging steel products as they are very strong and durable. Thus, the growing consumption of metal and steel products is expected to drive the market during the forecast period.
Fluctuation in raw material prices
Volatility in the cost's petroleum-based raw materials and the demand for polyester strap products in emerging economies can hinder the market growth. Prices of raw materials such as polymers (polypropylene, polyester, and nylon), additives, and resins fluctuate as they are directly related to crude oil prices. Therefore, the prices of these raw materials fluctuate depending on the prevailing prices of natural gas and crude oil.
The market appears to be fragmented and with the presence of limited vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY GRADE
- Market segmentation by grade
- Comparison by grade
- Machine grade - Market size and forecast 2018-2023
- Hand grade - Market size and forecast 2018-2023
- Market opportunity by grade
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Flourishing e-commerce industry encouraging the demand
- Emergence of bioplastics
- High growth potential in emerging economies
PART 11: VENDOR LANDSCAPE
- Landscape disruption
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Crown Holdings, Inc.
- FROMM Holding AG
- Messers Packaging S.r.l.
- Polychem Corporation
- Teufelberger Holding AG
PART 13: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/r/cuvloe
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