The global packaging straps and buckles market exhibited a valuation of approximately US$ 3.4 billion in 2021, and it’s expected to experience robust growth over the coming years. Projections indicate that sales of packaging straps and buckles are set to surge at a healthy Compound Annual Growth Rate (CAGR) of 5.0%, reaching an estimated worth of US$ 5.7 billion by 2032.
This expansion is largely attributed to the rapid growth of the e-commerce sector, which has seen an extraordinary rise in consumer preference for online shopping over traditional retail. Factors such as enticing deals, convenient payment options, a plethora of online retailers, and flexible return policies have all contributed to the increasing popularity of e-commerce.
This shift in consumer behavior has directly impacted the logistics and transportation industry, which is now experiencing a substantial demand for various packaging formats and materials. Consequently, the growing e-commerce sector is driving increased sales of packaging straps and buckles as these play a pivotal role in ensuring the safe and secure transportation of products, further fueling the market’s growth.
Get a Sample PDF of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-4461
The recovery provided by packaging straps and buckles helps to reduce the effect of sudden shifts in momentum. Packaging straps and buckles are cost-effective, fast, and easy to handle, and have low tooling costs.
Growing demand for various applications such as cartons, film rolls, bulk containers, export containers, etc. is projected to increase sales of packaging straps and buckles. Thus, demand in the market is slated to surge at a 5% CAGR over the forecast period.
The packaging industry has grown rapidly over the years, driven by the increasing demand for safe and secure transportation of goods. Packaging straps and buckles have become essential components in the packaging industry as they are used to secure products in place during transportation, storage, and handling. The packaging straps and buckles market has witnessed significant growth in recent years and is expected to continue growing at a steady pace in the coming years.
Packaging straps are commonly used to secure products such as boxes, pallets, and bundles. These straps are made of various materials, including plastic, steel, and polyester. Plastic straps are the most commonly used due to their affordability and versatility. Steel straps are ideal for securing heavy products, while polyester straps are used for products that require a high level of security.
Buckles are used in conjunction with packaging straps to secure products in place. Buckles are available in various materials, including plastic and metal. Plastic buckles are commonly used for lightweight applications, while metal buckles are used for heavy-duty applications.
The packaging straps and buckles market is driven by several factors, including the growth of the e-commerce industry, increasing demand for safe and secure transportation of goods, and the rising trend of sustainable packaging. The e-commerce industry has witnessed significant growth in recent years, and this has led to an increased demand for packaging straps and buckles. This is because online retailers need to ensure that their products are secure during transportation.
Ask an Analyst: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-4461
The demand for safe and secure transportation of goods has also contributed to the growth of the packaging straps and buckles market. With the increasing use of automation in the logistics industry, the need for secure packaging has become more important than ever before.
The rising trend of sustainable packaging has also contributed to the growth of the packaging straps and buckles market. Many companies are now looking for environmentally friendly packaging solutions, and packaging straps and buckles made from recyclable materials are becoming increasingly popular.
In conclusion, the packaging straps and buckles market is a growing industry that is driven by several factors, including the growth of the e-commerce industry, increasing demand for safe and secure transportation of goods, and the rising trend of sustainable packaging. With the increasing need for secure packaging, the demand for packaging straps and buckles is expected to continue growing in the coming years.
Key Companies Profiled
- Allstrap Steel and Poly Strapping Systems
- J. MAILLIS GROUP
- Fromm Packaging Systems Inc.
- Nefab Packaging Inc.
- Caristrap International Inc.
- Signode Protective Packaging Solutions
- MESCORD
- VG Enterprises
- American Strapping Company
- Multitech Products Pvt. Ltd.
- SPECTA AG
- Future Packaging
- Global Strap CC
- Jiangsu Trumpstrap Packaging Technology Co., Ltd.
- Matco Packaging LLC
- Royal Packaging Industries
- Lifex
- DSB Packaging
- Rhino Strapping Products, Inc.
- Carolina Strapping and Buckles Company (CS&BC)
Request Report Methodology: https://www.futuremarketinsights.com/askus/rep-gb-4461
Packaging Straps and Buckles Market by Category
By Material Type:
- Plastic
- Steel
By Strength:
- Light Duty
- Medium Duty
- Heavy Duty
By End Use:
- Manufacturing Industry
- Logistics & Transportation
- Building & Construction
- E-commerce
- Household
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube