The global plastic straps market was valued at approximately USD 3.8 billion in 2024 and is projected to grow at a steady CAGR of 5.5–6% through 2032, driven by rising demand across packaging, logistics, and industrial sectors. Plastic straps, made primarily from polypropylene (PP) and PET (polyethylene terephthalate), are widely used for securing goods, palletizing shipments, bundling products, and providing cost-effective alternatives to traditional metal straps. Increasing e-commerce activities and global trade expansion are major factors supporting growth, as businesses require reliable, lightweight, and durable packaging straps for safe transportation. North America holds a significant share of the market, with high adoption in logistics, warehousing, and manufacturing. The region benefits from established distribution networks, advanced strapping machinery, and a strong preference for heavy-duty plastic straps in industrial applications. Meanwhile, Asia-Pacific is the fastest-growing region, led by China, India, and Southeast Asia, where rapid industrialization, increasing exports, and growing e-commerce platforms are boosting demand for plastic banding, cargo straps, and pallet strapping solutions.
Plastic Straps overview
Published by MMR Statistics Research Team, Updated