Product Code: ETC340224 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India plastic straps market import shipment demonstrated a consistent upward trajectory from 2020 to 2024, as indicated by a robust CAGR of 9.4% over the period. However, the growth rate between 2023 and 2024 slowed slightly to 4.0%, suggesting a stabilization in the market expansion towards the end of the period.
The plastic straps market in India caters to industries like packaging, logistics, and agriculture. The market`s outlook depends on trends in e-commerce, industrialization, and transportation. Growth factors include load stability requirements, ease of handling, and cost-efficient bundling solutions. Challenges encompass competition from alternative materials, environmental concerns, and quality standards. Manufacturers must emphasize the durability and recyclability of plastic straps while offering solutions that align with evolving packaging needs.
The plastic straps market in India is influenced by various drivers. Industries like logistics, agriculture, and construction rely on plastic straps for secure bundling and packaging. The growth of e-commerce and organized retail enhances the demand for effective packaging solutions. Plastic straps` advantages, including high tensile strength, resistance to weathering, and cost-effectiveness, make them essential for load containment and transportation.
The plastic straps market in India is linked to packaging and logistics. Challenges include improving the strength and reusability of plastic straps while minimizing environmental impact. Developing straps that can withstand heavy loads without contributing to plastic waste requires innovation. Additionally, promoting the proper collection and recycling of used plastic straps is crucial.
The India plastic straps market has grown steadily, driven by the demand for secure and efficient packaging solutions in industries such as logistics, agriculture, and manufacturing. Plastic straps offer benefits like strength, durability, and resistance to moisture. The market was mildly affected by the COVID-19 pandemic, with shifts in consumer behavior and supply chain disruptions. As economic activities normalize, the market is projected to recover. Manufacturers will focus on innovations in strap design, material recycling, and customization to cater to diverse packaging requirements.
The India plastic straps market is expected to witness growth due to their applications in packaging, especially in securing heavy loads. The logistics and industrial sectors drive the demand for plastic straps. Key players in this market include Signode India and Mahalaxmi Rubtech Ltd.
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 India Plastic Straps Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Plastic Straps Market Revenues & Volume, 2021 & 2031F |
3.3 India Plastic Straps Market - Industry Life Cycle |
3.4 India Plastic Straps Market - Porter's Five Forces |
3.5 India Plastic Straps Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Plastic Straps Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 India Plastic Straps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for cost-effective packaging solutions in various industries |
4.2.2 Increasing adoption of plastic straps due to their durability and strength |
4.2.3 Expansion of e-commerce and logistics sectors driving the need for secure packaging materials |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of plastic straps |
4.3.2 Environmental concerns leading to a shift towards sustainable packaging alternatives |
4.3.3 Competition from other packaging materials such as steel straps and paperboard |
5 India Plastic Straps Market Trends |
6 India Plastic Straps Market, By Types |
6.1 India Plastic Straps Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Plastic Straps Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Plastic Straps Market Revenues & Volume, By Polyester Straps, 2021-2031F |
6.1.4 India Plastic Straps Market Revenues & Volume, By Polypropylene Straps, 2021-2031F |
6.1.5 India Plastic Straps Market Revenues & Volume, By Nylon Straps, 2021-2031F |
6.2 India Plastic Straps Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 India Plastic Straps Market Revenues & Volume, By Steel, 2021-2031F |
6.2.3 India Plastic Straps Market Revenues & Volume, By Cotton, 2021-2031F |
6.2.4 India Plastic Straps Market Revenues & Volume, By Paper, 2021-2031F |
6.2.5 India Plastic Straps Market Revenues & Volume, By Fiber, 2021-2031F |
6.2.6 India Plastic Straps Market Revenues & Volume, By Bricks & Tiles, 2021-2031F |
7 India Plastic Straps Market Import-Export Trade Statistics |
7.1 India Plastic Straps Market Export to Major Countries |
7.2 India Plastic Straps Market Imports from Major Countries |
8 India Plastic Straps Market Key Performance Indicators |
8.1 Recycling rate of plastic straps in the market |
8.2 Adoption rate of automation in plastic strapping processes |
8.3 Rate of innovation in plastic strap design and materials |
9 India Plastic Straps Market - Opportunity Assessment |
9.1 India Plastic Straps Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Plastic Straps Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 India Plastic Straps Market - Competitive Landscape |
10.1 India Plastic Straps Market Revenue Share, By Companies, 2024 |
10.2 India Plastic Straps Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |