- Steel
- Polypropylene
- Polyester (PET)
- Other
The global strapping materials market size was valued at USD 1021.5 million in 2023 and is poised to grow at a significant CAGR of 7.7% from 2024-2030. The growth of numerous industries including building & construction, and food & beverage has created a strong base for various manufacturers operating in the strapping materials market. These industries are growing at a fast stride. Strapping material are any material that aids in the strapping and packing of goods and materials during transportation. The market for strapping materials is predicted to multiply at a rapid speed due to industrial developments and the manifestation of various businesses, which requires effective logistics. The typical strapping materials find a wide range of applications in steel, woven cords, and plastics. However, fluctuation in the cost of materials poses severe threat to the market. Global market report gives a comprehensive outlook on strapping materials across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
This report studies global Strapping Materials market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the global Strapping Materials market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product Opportunities). Consumer electronics, domestic appliances, pharmaceutical products, medical devices, and textile goods have all seen a growth in demand, which is expected to lead to an increase in demand for strapping material as a packaging material. The rise of the e-commerce industry, as well as growth in mail orders and logistics, is expected to drive up demand for strapping materials.
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Strapping materials consists of different materials such as woven cord & nylon, steel, plastic. Plastic strapping material segment grasps for a major chuck in the market, and is projected to drive the market in the near future. Growing demand of strapping materials from various end users such as electronics and food & beverage is expected to drive the segment growth. Steel is expected to grow at a significant pace. Steel strapping possess great strength as compared to other materials, and is normally employed for strapping in heavyweight applications. Steel strapping demonstrates high break forte, and is highly dependable. Nevertheless, there is a probability for the usage of steel strapping for the applications in which elongation and recovery is not required.
The strapping materials market size was valued at USD 1021.5 million in 2023
The strapping materials market key players are: Technopack Corporation Strapack, Inc. Signode Signor Strapping Solutions Titan Umreifungstechnik GmbH & Co. KG EAM-Mosca Martin Packaging Crawford Packaging 3M
The strapping materials market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
15. Key Assumptions and Acronyms