FMI Strapping Tapes Market Forecast and Segments, 2017 | Page 7

Strapping Tapes Market

Modified synthetic rubber Request For TOC @ http :// www . futuremarketinsights . com / toc / rep-gb-2790 Strapping tapes Market : Regional Outlook
Geographically , the global strapping tapes market is divided into five regions North America , Latin America , Europe , Asia-Pacific ( APAC ) and the Middle East & Africa ( MEA ). Asia Pacific is expected to dominate the growth in the strapping tapes market , primarily due to huge demand in developing economies like India and China and also because of lower manufacturing cost in these economies . Further , these developing countries are experiencing a steady growth in food & beverages and electronics industry that is expected to make a huge impact on the strapping tapes market . The low manufacturing costs in developing countries are due to easy availability of raw materials and cheap labor . Europe is expected to witness above average growth rate , primarily due to rising preference of sports in various countries such as Germany , France , UK and Italy etc . North America is also expected to experience an average growth in the strapping tapes market . However , the developed regions are expected to grow less aggressively in comparison to Asia Pacific , due to shift in production from developed economies to Asia Pacific . Latin America and MEA are expected to experience a moderate growth in the strapping tapes market .
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