The global demand for Strapping Protectors Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Strapping protectors are used to safeguarding a strapped package from damage by tightening the strap to a maximum possible tension and distributing the load over a greater area. They are generally made of laminated fiberboard or plastic and are strong enough to hold a steel or plastic strapping. These protectors help prevent damage to the package during shipment or in storage by adding extra support. Thus, strapping protectors can effectively reduce logistical expenses and facilitate efficient warehousing of goods as well. The protector's dimensions and strength depend on the strap size, type of strapping used, and the package weight. They are reusable.
Market Dynamics
The growing demand for an efficient safeguard for packages in different end-user industries to improve logistics and enable efficient storage is the critical driver for this market's growth. The booming e-commerce sector will create lucrative opportunities for the expansion of the strapping protector's market. Rising demand for electronics products, medical devices, household appliances, textile goods, and pharmaceutical products, which need efficient packaging to prevent product damage, will further propel market growth. Manufacture of strap protectors of enhanced quality using innovative processing methods will be a market booster. Regulations imposed by governments to increase sustainable products and increase awareness about recyclability will benefit market growth. The main drawbacks of these protectors are they degrade in quality with time.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of strapping protectors. The growth and trends of strapping protectors industry provide a holistic approach to this study.
Market Segmentation
This section of the strapping protectors market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Material
By Thickness
- Less than 0.50 mm
- 51 mm - 0.75 mm
- 76 mm - 1.00 mm
- Above 1.00 mm
By Width
- 15 mm
- 16-20 mm
- 21-25 mm
- >25 mm
By Grade Type
By End Use
- Food & Beverage
- Textiles and Apparels
- Pharmaceuticals
- Electrical and Electronics
- Building & Construction
- Chemical & Fertilizers
- Automotive
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Strapping Protectors market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Strapping Protectors Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the strapping protectors market include Global Equipment Company Inc, Easypac Systems, Signode India, Thüringer Fiber-Trommel Gmbh, Quality Strapping. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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