- 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.
Global Strapping Materials Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
7.7%
Largest Market
Asia Pacific
Fastest Growing Market
North America
Strapping Materials Market Dynamics
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.
Asia-Pacific got significant share
Strapping Materials Market Regional Analysis
Asia Pacific is the largest market for strapping materials and is expected to grow at a significant pace during the forecast period owed to the growing demand in various industries such as food and beverage and consumer electronics in the region. Emerging economy like China, India, are observing rapid growth and industrial development in this region. China and India remains as a manufacturing hubs. Asia Pacific is expected to rule the strapping materials market in the near future, besides the market is projected to develop steadily in the near future. North America is expected to emerge as a topmost player during the forecast period. The growth in this region can be attributed to the presence of major companies coupled with growing food and beverage industry.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Global Strapping Materials Market Segmentation
By Material Type
By Application
- Food & Beverage
- Industrial Logistics & Warehouse
- Corrugated Card Boxes & Paper
- Building & Construction
- Metal
Frequently Asked Questions
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.
- Executive Summary
- Global Strapping Materials Market Introduction
- Global Strapping Materials Market Taxonomy
- Global Strapping Materials Market Definitions
- Material Type
- Application
- Global Strapping Materials Market Dynamics
- Drivers
- Restraints
- Opportunities/Unmet Needs of the Market
- Trends
- Global Strapping Materials Market Dynamic Factors - Impact Analysis
- Global Strapping Materials Market Competition Landscape
- Global Strapping Materials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%)
- Market Opportunity Analysis
- Global Strapping Materials Market, By Material Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Steel
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Polypropylene
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Polyester (PET)
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Other
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Steel
- Global Strapping Materials Market, Application Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Food & Beverage
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Industrial Logistics & Warehouse
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Corrugates Card Boxes & Paper
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Building & Construction
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Metal
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Food & Beverage
- Global Strapping Materials Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- North America
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Europe
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Asia-Pacific
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Latin America
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Middle East and Africa
- Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Global Strapping Materials Market - Opportunity Analysis Index, By Technology Type, End User and Region, 2024 - 2030
- North America
- North America Strapping Materials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- By Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Steel
- Polypropylene
- Polyester (PET)
- Other
- By Application Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Food & Beverage
- Industrial Logistics & Warehouse
- Corrugated Card Boxes & Paper
- Building & Construction
- Metal
- Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- US
- Canada
- North America Strapping Materials Market - Opportunity Analysis Index, By Technology Type, End User and Country, 2024 - 2030
- North America Strapping Materials Market Dynamics Trends
- By Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Europe Strapping Materials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- By Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Steel
- Polypropylene
- Polyester (PET)
- Other
- By Application Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Food & Beverage
- Industrial Logistics & Warehouse
- Corrugated Card Boxes & Paper
- Building & Construction
- Metal
- Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Rest of Europe
- Europe Strapping Materials Market - Opportunity Analysis Index, By Technology Type, End User and Country, 2024 - 2030
- Europe Strapping Materials Market Dynamics Trends
- By Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Asia-Pacific Strapping Materials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- By Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Steel
- Polypropylene
- Polyester (PET)
- Other
- By Application Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Food & Beverage
- Industrial Logistics & Warehouse
- Corrugated Card Boxes & Paper
- Building & Construction
- Metal
- Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Japan
- China
- India
- ASEAN
- Rest of Asia-Pacific
- Asia-Pacific Strapping Materials Market - Opportunity Analysis Index, By Technology Type, End User and Country, 2024 - 2030
- Asia-Pacific Strapping Materials Market Dynamics Trends
- By Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Latin America Strapping Materials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- By Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Steel
- Polypropylene
- Polyester (PET)
- Other
- By Application Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Food & Beverage
- Industrial Logistics & Warehouse
- Corrugated Card Boxes & Paper
- Building & Construction
- Metal
- Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Brazil
- Mexico
- Argentina
- Chile
- Rest of Latin America
- Latin America Strapping Materials Market - Opportunity Analysis Index, By Technology Type, End User and Country, 2024 - 2030
- Latin America Strapping Materials Market Dynamics Trends
- By Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Middle East and Africa Strapping Materials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn), Volume (000 MT)
- By Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Steel
- Polypropylene
- Polyester (PET)
- Other
- By Application Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Food & Beverage
- Industrial Logistics & Warehouse
- Corrugated Card Boxes & Paper
- Building & Construction
- Metal
- Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- South Africa
- Gulf Cooperation Council (GCC) Countries
- Rest of MEA
- MEA Strapping Materials Market - Opportunity Analysis Index, By Technology Type, End User and Country, 2024 - 2030
- MEA Strapping Materials Market Dynamics Trends
- By Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Competition Landscape
- Strategic Dashboard of Top Market Players
- Company Profiles (Introduction, Financial Analysis, Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
- Technopack Corporation
- Strapack, Inc.
- Signode
- Signor Strapping Solutions
- Titan Umreifungstechnik GmbH & Co. KG
- EAM-Mosca
- Martin Packaging
- Crawford Packaging
- 3M
- Research Methodology
15. Key Assumptions and Acronyms
- Technopack Corporation
- Strapack, Inc.
- Signode
- Signor Strapping Solutions
- Titan Umreifungstechnik GmbH & Co. KG
- EAM-Mosca
- Martin Packaging
- Crawford Packaging
- 3M