A Future Market Insights analysis states that the global packing belts market is expected to be valued at US$ 3.1 billion. In the anticipated period from 2022 to 2032, the CAGR growth rate was 5.1%.
An attachment made of plastic called a packing belt, also called a packing strap, is used primarily for bundling, palletizing, and holding medium to large bulk products during transit. The need for packing belts is mostly driven by the requirement to shield bulk goods from transfer-related damage while in transit.
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They are considered as a safe option for the transportation of goods as they are easy to use and light in nature. Strong and secure support for bulk products and high demand for packaging solutions is anticipated to drive the sales of packing belts during the forecast period.
The packing belt helps absorb pressure and maintain tension, keeping packaged goods secure during storage and transportation. Polyester packing belt is extensively used by various end-use industries as it offers advantages such as higher brake strength and greater elongation.
key takeaways: packing belt market
- Polyester is considered to be the dominant material in the packing belt market and is ready to hold around 52% of shares by the end of 2032.
- By the end-use industry, the shipping and logistics segment is expected to create a full $ opportunity US$ 344.6 M.N. in the forecast period.
- India Packing Belt Market Is Likely To Show Steady Growth At CAGR 5.5% During the forecast period (2022-2032).
- America is estimated to be US$ 202.6 M.N. With increasing automotive sales in the coming decade.
- The global packing belt market is expected to reach US$1.9 battalion in 2022.
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Competitive Landscape: Packing belt market
Some of the well-known companies present in the global packing belt market include Teufelberger Holding AG, From Packaging Systems Inc., Mosca GmbH, Samuel Strapping Systems, Linder GmbH, The Plastic Strapping Company Ltd., Northshore Strapping Company, Plastics Extruder Ltd., Campanini UGO. SPA, Consent LLC, Narrowex Pty (Ltd), National Webbing Products, Universal Strapping Inc., and Nottingham Narrow Fabrics Ltd.
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Packing Belt Market Outlook by Category
By Material:
- Polypropylene (PP)
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Polyester
- Nylon
By Thickness:
- Below 0.5mm
- 0.5mm-0.75mm
- 0.76mm-1mm
- Above 1mm
By End-use Industry:
- Food & Beverage
- Pharmaceuticals
- Electrical & Electronics
- Automotive
- Building & Construction
- Textiles & Apparels
- Chemicals & Fertilizers
- Shipping & Logistics
By Region:
- North America
- Latin America
- Europe
- South Asia
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