Global strapping materials market worth $7.5 billion by 2025
According to a new report by Grand View Research, the global strapping materials market is expected to reach USD 7.5 billion by 2025, at a 5.8% CAGR during the forecast period. Polypropylene was the largest material segment in terms of revenue in 2016 and the trend is projected to continue with a CAGR of 6.2% over the forecast period.
Demand will be driven by growth in industries such as food and beverages, industrial logistics and warehouse, and corrugated cardboard and paper in developed economies including U.S., Germany, and U.K. Key players include MOSCA GmbH, Polychem Corporation, Signode Packaging Systems Corporation, and StraPack Inc (Press Release Grand View Research, December 2017).
Click here for the press release.
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