Strapping Materials Market Growing At A CAGR Of 5.8% From 2017 To 2025: Grand View Research Inc.
San Francisco, 4 March 2019: The Report Strapping Materials Market Analysis, By Material (Steel, Polypropylene, Polyester), By Application, By Region, And Segment Forecasts, 2018 – 2025 The global Strapping materials Market is expected to reach USD 7.5 billion by 2025, at a 5.8% CAGR during the forecast period, according to a new report by Grand View Research, Inc. The advantage of recycling pretend by plastic strapping materials makes it a sustainable packaging substitute, which is expected to drive market growth over the coming years. 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. Its property of high elongation recovery is expected to boost market growth over the forecast period. Plastic strapping is a durable alternative to conventional packaging materials namely glass, aluminum, and tin, which are used in the food and beverage industry. The flexibility of plast...