Extruded polyester strapping, commonly known as PET straps, are used in low-, medium-, and heavy-duty strapping applications that require high tensile strength and fast application by the installer. PET straps are twice as strong as PP straps and their strength is comparable to that of steel bands. PET straps are largely used by the cotton industry, which accounts for a 45% share, followed by automotive, appliance, and others. India has about 30 manufacturers, with the western region being the principal supplier. The market is expected to record a high CAGR of 14% from 2015 to 2020.
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