PVC Packing Straps Market to exceed US$ 204.8 Million by 2032 as Demand for Lightweight Packaging Materials Surges in E-commerce Industry
NEWARK, DE / ACCESSWIRE / August 29, 2022 / As per FMI, the global PVC packing straps market is projected to reach a valuation of US$ 204.8 Million by 2032 and exhibit growth at a CAGR of 4.3% from 2022 to 2032. Expansion of end-use industries such as e-commerce, food & beverages, automotive, and electrical & electronics is set to drive the global market.
Cross border trade activities have significantly surged across the globe, thereby increasing the need for secure packing options to ensure the safety of products during transit. PVC straps have various benefits such as lightweight, safe to use, shock-absorbent, and high resistant properties. Due to the above-mentioned attributes, the market is expected to grow in the coming decade.
Furthermore, key players are focusing on improving the quality of their product lines. Increased demand from end-use industries such as automobile and e-commerce is also set to push the need for PVC packing straps, as it is a cheaper and more durable solution.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb- 15502
Key Takeaways from Global PVC Packing Straps Market
Demand for PVC packing straps with a thickness of 0.76mm-1mm is expected to increase 1.6x and is estimated to grow at 4.6% CAGR by the end of 2032.
By end-use industry, the e-commerce segment is likely to generate the highest PVC packing straps market share of 19.6% in 2022.
The global PVC packing straps market witnessed growth at a CAGR of 3.8% during the historical period (2015 to 2021).
The U.S. PVC packing straps market was valued at around US$ 27.0 Mn in 2021 and is predicted to reach US$ 40.5 Mn by the end of 2032.
The China PVC packing straps market is set to exhibit growth at a CAGR of 5.7% in the evaluation period.
“Advent of subscriptions offering one-day delivery features would require quick and damage-free shipping, thereby spurring the demand for PVC packing straps. Besides, increasing shift of retailers towards cross-platforming is anticipated to aid growth,” comments a FMI analyst.
High Demand for Automotive and Rapid Growth of E-commerce Sector Are Driving the Market
Demand for automobiles has increased at a fast pace across the globe due to rising income of the middle-class and ever-increasing population. Electric vehicles have gained impetus owing to surging concerns about the environment. Thus, growing sales of electric vehicles are projected to spur the need for sturdy packing straps, which would drive the market. Besides, rising trend of online shopping, technological advancement, and surging use of social media platforms are anticipated to help the market to grow.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-15502
Surging Need for Durable, Lightweight, and Inexpensive Packing Materials to Aid Growth
PVC packing straps have numerous benefits. They are considered to be an economic packaging material as the cost of PVC is very low, as compared to other strapping materials like steel. In addition, the weight of PVC is less, which helps in reducing the overall weight of packed goods and enables smooth transportation. Durability is another characteristic of PVC as it has higher impact tolerance, as compared to other materials. The aforementioned benefits of PVC packing straps have grabbed the attention of end-users and would thus propel the market in the evaluation period.
PVC Packing Straps Market Outlook by Category
By End-use Industry:
Food & Beverage
Electrical & Electronics
Building & Construction
Chemicals & Fertilizers
Competitive Landscape: Global PVC Packing Straps Market
Some of the leading players in the global PVC packing straps market are Teufelberger Stralsund GmbH, Cyklop International, FROMM Group, Auto Strap India, CONSENT L.L.C, DuBose Strapping, Inc., LINDER GmbH, PAC Strapping Products, Inc., Crown Holdings, Inc., Polychem Corporation, and Mosca GmbH among others.
Get Report Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-15502
Get More Insights on Global PVC Packing Straps Market
Future market insights, in its new report, offers an unbiased analysis of the global market for PVC packing straps market by thickness (below 0.5mm, 0.5mm-0.75mm, 0.76mm-1mm and above 1mm), by end-use industry (food & beverage, pharmaceuticals, electrical & electronics, automotive, building & construction, e-commerce and chemicals & fertilizers), across seven regions.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
Click Here for PVC Packing Straps Market 212 pages TOC Report
About the Packaging Division at Future Market Insights:
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations.
With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
Have a Look at Related Research Reports of Packaging:
PVC Container Market Size: Global Industry Analysis 2014 – 2018 and Opportunity Assessment; 2019 – 2029
PVC Blister Packs Market Share: Global Industry Analysis 2015 – 2019 and Opportunity Assessment 2020 – 2030
PVC Tapes Market Trends: Global Industry Analysis 2016 – 2020 and Opportunity Assessment 2021 – 2031
PVC Packing Straps Market Analysis: PVC Packing Straps Market by Thickness, End-use Industry & Region – Forecast 2022 – 2032
Polyester Straps Market Outlook: Polyester Straps Market by Packing Grade, Thickness, Width and Region – Forecast 2022 – 2027
Packaging Straps and Buckles Market Forecast: Packaging Straps and Buckles System Market by Material Type, Strength, End-Use & Region – Forecast 2022 – 2032
PET Straps Market Sales: PET Straps Market: Global Industry Analysis 2016 – 2020 and Opportunity Assessment 2021 – 2031
Packing Belt Market Value: Packing Belt Market by Material, Thickness, End-use Industry & Region – Forecast 2022 – 2032
Packing Paper Market Demand: Packing Paper Market by Material Type, End-use Industry, Packing Type & Region – Forecast 2022 – 2032
Packing Tape Market Type: Packing Tape Market by Type, Material Type, Application & Region – Forecast 2022 – 2032
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Future Market Insights Inc.
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
For Sales Enquiries: [email protected]
Browse all Reports: https://www.futuremarketinsights.com/reports
View source version on accesswire.com: