QYResearch: The global strapping sales market is estimated to reach 34247.92 million dollars by 2022
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QYResearch Strapping is the process of applying a strap to an item to combine, hold, reinforce, or fasten it. The strap may also be referred to as strapping. Strapping is most commonly used in the packaging industry. Strapping is referred to as straps, bands, mainly covers steel strapping and plastic strapping.
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QYResearch According to QYResearch, In the past five years from 2015 to 2016, global strapping sales value market scale was from 3157.96 million USD to 3299.74 million. It is estimated to reach 3454.70 million dollars by 2017 and 34247.92 million dollars by 2022. The strapping consumption volume was 2744.0 in 2015 and is expected to reach 2705.1 K MT in 2015 and 4101.9 K MT in 2021. Asia-Pacific`s sales volume accounted for the highest market share (45.15%) in 2015, followed by the Europe and North America. At present, the manufactures of strapping are concentrated in China, Europe, US, Japan and India. The global leading players in this market are Signode, M.J.Maillis Group, Cordstrap, FROMM Group, Anshan Falan and Baosteel.
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QYResearch The strapping are mainly used by wood industry, paper industry, building industry and textile industry. The main application of strapping is building industry.
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QYResearch Despite the presence of competition problems, due to the increasing demand of downstream industry, investors are still optimistic about this area, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
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