Budding cross-border trade has significantly inflated the volume of the goods for export and import. With this increased volume of goods, the need for securely sealing of containers has also increased to ensure the safety of products and crew members. Packaging straps are the idle solution for addressing the security concerns during the transit of the goods. Packaging straps keep the products in a stationary position during the transportation thus preventing accidents and damages due to the movement and large containers. The material and dimension of the straps may vary with the load of the containers that is being used for transportation of goods. Plastic and metal are two prominently used materials for manufacturing of the straps.
Expanding geographic customer base of the companies has led to the increased use of shipping agencies for transportation of goods hence generating the demand in packaging straps and buckles market. The need for ensuring the safety of products and crew members is the key driver for boosting of the demand in packaging straps and buckles market. Straps and buckles are reusable hence reducing overall expenditure for securely sealing of the goods and generating the demand in packaging straps and buckles market. However, the presence of the substitutes such as raffia tapes for sealing of the cartons can hamper straps and buckles market. Moreover, plastic shrink wrap packaging solutions can absorb the market share of straps and buckles due to its property of eliminating and pilferage during the transit and ability to protect the goods from dust and external environment. However, on the backdrop of the need for stacking of goods during the transit to make shipping of logistics more economical and safe the packaging strapping and buckles market is set to increase.
Some key players of packaging straps and buckles market are Allstrap Steel and Poly Strapping Systems, Signode Protective Packaging Solutions, M.J. MAILLIS GROUP, Fromm Packaging Systems, Inc, Nefab Packaging Inc. Caristrap International Inc, SPECTA AG, Global Strap CC, MaxPack, Xiamen Isun Fluid Equipment Co., Ltd and Jiaxing Hongdar Packaging Technology Co.
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