| Product Code: ETC5304729 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Cyprus plastic straps import market continues to thrive in 2024 with significant shipments coming from top exporting countries including Greece, Italy, China, Portugal, and Spain. The high Herfindahl-Hirschman Index (HHI) reflects a concentrated market, indicating strong competitiveness among these key players. With a remarkable Compound Annual Growth Rate (CAGR) of 21.24% from 2020 to 2024, coupled with a notable growth rate of 12.49% in 2023-24, the market shows promising expansion and opportunities for both suppliers and buyers in the plastic straps industry.

The Plastic Straps market in Cyprus is important for securing and bundling products across various industries. Plastic straps are widely used in packaging, shipping, and logistics due to their strength and flexibility. The market is characterized by innovations in strap materials and designs to improve performance and sustainability. As industries seek efficient packaging solutions, the plastic straps market is expected to expand.
The plastic straps market in Cyprus is driven by the increasing demand for efficient and secure packaging solutions in various industries, including logistics and retail. As businesses seek reliable ways to secure products during transport and storage, plastic straps offer the necessary strength and flexibility. The growth of e-commerce and online shopping further stimulates demand for effective packaging materials that ensure product integrity.
In the plastic straps market, Cyprus faces challenges related to competition and raw material sourcing. As manufacturers seek to produce high-quality plastic straps for various applications, they must navigate fluctuations in the availability and pricing of raw materials, which can impact production capabilities. Additionally, competition from both local and international players can pressure pricing and market share, necessitating ongoing efforts to differentiate products based on quality and functionality. Ensuring compliance with industry standards and regulations further complicates the operational landscape.
The government supports the plastic straps market by promoting responsible manufacturing practices. Policies encourage local manufacturers to develop eco-friendly plastic straps for packaging and shipping applications, providing funding for research into biodegradable and recyclable materials.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Plastic Straps Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Plastic Straps Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Plastic Straps Market - Industry Life Cycle |
3.4 Cyprus Plastic Straps Market - Porter's Five Forces |
3.5 Cyprus Plastic Straps Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cyprus Plastic Straps Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Cyprus Plastic Straps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Plastic Straps Market Trends |
6 Cyprus Plastic Straps Market Segmentations |
6.1 Cyprus Plastic Straps Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Plastic Straps Market Revenues & Volume, By Polyester Straps, 2021-2031F |
6.1.3 Cyprus Plastic Straps Market Revenues & Volume, By Polypropylene Straps, 2021-2031F |
6.1.4 Cyprus Plastic Straps Market Revenues & Volume, By Nylon Straps, 2021-2031F |
6.2 Cyprus Plastic Straps Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Plastic Straps Market Revenues & Volume, By Steel, 2021-2031F |
6.2.3 Cyprus Plastic Straps Market Revenues & Volume, By Cotton, 2021-2031F |
6.2.4 Cyprus Plastic Straps Market Revenues & Volume, By Paper, 2021-2031F |
6.2.5 Cyprus Plastic Straps Market Revenues & Volume, By Fiber, 2021-2031F |
6.2.6 Cyprus Plastic Straps Market Revenues & Volume, By Bricks & Tiles, 2021-2031F |
7 Cyprus Plastic Straps Market Import-Export Trade Statistics |
7.1 Cyprus Plastic Straps Market Export to Major Countries |
7.2 Cyprus Plastic Straps Market Imports from Major Countries |
8 Cyprus Plastic Straps Market Key Performance Indicators |
9 Cyprus Plastic Straps Market - Opportunity Assessment |
9.1 Cyprus Plastic Straps Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cyprus Plastic Straps Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Cyprus Plastic Straps Market - Competitive Landscape |
10.1 Cyprus Plastic Straps Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Plastic Straps Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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