HS Code:
The category of wide nonfibrillated strip, typically classified under HS Code 3920.20 (a subset of plastics in primary forms), encompasses flat, wide strips made from polymers, primarily used in packaging, industrial applications, and manufacturing processes. These strips are nonfibrillated, meaning they are not split into fibers, and are often utilized for strapping, bundling, or as raw material in further production. This category is critical in industries requiring durable, lightweight materials for securing goods during transport or storage.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Decreasing
Average Rate
6.5%
Highest Rate
12% (applied by certain developing economies)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Shift towards sustainable materials
Increased demand for biodegradable or recyclable nonfibrillated strips as industries aim to meet environmental regulations and consumer preferences.
2021-2023
Rising e-commerce sector
Growth in packaging needs due to booming online retail has driven demand for durable strapping materials like wide nonfibrillated strips.
2020-2022
Fluctuating raw material prices
Volatility in polymer prices due to geopolitical tensions and supply chain disruptions has led to inconsistent production costs.
2022
The European Union introduced stricter regulations on single-use plastics, mandating higher recycling rates and encouraging the use of sustainable alternatives for products like nonfibrillated strips.
June 2023
Potential reduction in demand for traditional plastic strips in the EU market, with a shift towards eco-friendly alternatives.
Negotiations between the US and China resulted in a temporary reduction of tariffs on certain plastic products, including nonfibrillated strips, to ease supply chain pressures.
March 2023
Increased trade volume between the two countries, benefiting exporters in China and importers in the US.
New chemical recycling methods for polymers used in nonfibrillated strips were unveiled at a global plastics expo, promising higher recovery rates of raw materials.
September 2022
Potential cost reduction for manufacturers and improved compliance with environmental standards.