| Product Code: ETC5304768 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Maldives continues to heavily rely on imports of plastic straps, with key suppliers in 2024 including India, Netherlands, China, UAE, and Sri Lanka. Despite a high concentration of shipments from these countries, the market experienced a significant decline with a negative CAGR of -5.92% from 2020 to 2024. The growth rate in 2024 further decreased by -25.44%, indicating challenges and potential shifts in the market dynamics for plastic straps in the Maldives. Stakeholders should closely monitor these trends for strategic decision-making.

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 Maldives Plastic Straps Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Plastic Straps Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Plastic Straps Market - Industry Life Cycle |
3.4 Maldives Plastic Straps Market - Porter's Five Forces |
3.5 Maldives Plastic Straps Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Plastic Straps Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Maldives Plastic Straps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for packaging solutions in various industries |
4.2.2 Growing awareness about the importance of environmentally friendly packaging materials |
4.2.3 Rise in e-commerce activities leading to higher demand for plastic straps |
4.3 Market Restraints |
4.3.1 Concerns about environmental impact and push towards sustainable alternatives |
4.3.2 Fluctuating prices of raw materials such as petrochemicals |
4.3.3 Stringent regulations on plastic usage and waste management practices |
5 Maldives Plastic Straps Market Trends |
6 Maldives Plastic Straps Market Segmentations |
6.1 Maldives Plastic Straps Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Plastic Straps Market Revenues & Volume, By Polyester Straps, 2021-2031F |
6.1.3 Maldives Plastic Straps Market Revenues & Volume, By Polypropylene Straps, 2021-2031F |
6.1.4 Maldives Plastic Straps Market Revenues & Volume, By Nylon Straps, 2021-2031F |
6.2 Maldives Plastic Straps Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Maldives Plastic Straps Market Revenues & Volume, By Steel, 2021-2031F |
6.2.3 Maldives Plastic Straps Market Revenues & Volume, By Cotton, 2021-2031F |
6.2.4 Maldives Plastic Straps Market Revenues & Volume, By Paper, 2021-2031F |
6.2.5 Maldives Plastic Straps Market Revenues & Volume, By Fiber, 2021-2031F |
6.2.6 Maldives Plastic Straps Market Revenues & Volume, By Bricks & Tiles, 2021-2031F |
7 Maldives Plastic Straps Market Import-Export Trade Statistics |
7.1 Maldives Plastic Straps Market Export to Major Countries |
7.2 Maldives Plastic Straps Market Imports from Major Countries |
8 Maldives Plastic Straps Market Key Performance Indicators |
8.1 Recycling rate of plastic straps in the Maldives |
8.2 Adoption rate of biodegradable or eco-friendly plastic straps |
8.3 Percentage of e-commerce businesses using plastic straps made from recycled materials |
8.4 Innovation rate in plastic strap manufacturing technology |
8.5 Customer satisfaction score related to the durability and quality of plastic straps |
9 Maldives Plastic Straps Market - Opportunity Assessment |
9.1 Maldives Plastic Straps Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Plastic Straps Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Maldives Plastic Straps Market - Competitive Landscape |
10.1 Maldives Plastic Straps Market Revenue Share, By Companies, 2024 |
10.2 Maldives 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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