Global Strapping Materials Market Size Study, by Application, by Product, and Regional Forecasts 2022-2032

Description

The global strapping materials market, valued at approximately USD 6.50 billion in 2023, is projected to expand at a compound annual growth rate (CAGR) of 4.90% over the forecast period 2024-2032, reaching an estimated USD 10 billion by 2032. Strapping materials are critical in securing and stabilizing goods during transit or storage, ensuring product integrity and safety. Their versatility and reliability make them indispensable across diverse industries, including food and beverage, logistics, construction, and metal. With the rise in e-commerce and the continuous evolution of supply chain dynamics, the demand for high-performance strapping materials is on an upward trajectory.

The food and beverage industry is a significant driver for the strapping materials market, where secure packaging is paramount to maintaining product quality during transportation. Similarly, the logistics and warehouse sector relies heavily on robust strapping solutions to optimize supply chain operations. Innovations in strapping materials, such as eco-friendly and lightweight polypropylene (PP) and polyester (PET), have further augmented their adoption, aligning with sustainability objectives. However, the fluctuating costs of raw materials and environmental concerns surrounding traditional steel strapping may present challenges for market growth.

Technological advancements in manufacturing processes have enhanced the strength, durability, and recyclability of modern strapping materials. Polyester (PET), in particular, has emerged as a sustainable alternative to steel, offering equivalent tensile strength with reduced environmental impact. Additionally, the integration of automation in packaging systems is reshaping operational efficiencies in industries such as building and construction, which demand high volumes of strapping materials for securing bulky and heavy goods.

Regionally, the Asia-Pacific region dominates the strapping materials market, driven by rapid industrialization and a burgeoning e-commerce sector in countries like China and India. North America and Europe follow suit, with strong adoption in advanced logistics and packaging industries. Latin America and the Middle East & Africa are anticipated to witness steady growth, supported by infrastructure development and increasing exports.

Major market players included in this report are:

Signode Industrial Group LLC
FROMM Packaging Systems
Mosca GmbH
Polychem Corporation
Samuel Strapping Systems
Scientex Berhad
Teufelberger Holding AG
StraPack Inc.
Cyklop International
Dynaric Inc.
PAC Strapping Products Inc.
North Shore Strapping Company
Anshan Falan Company Limited
Dubose Strapping Inc.
Titan Umreifungstechnik GmbH & Co. KG

The detailed segments and sub-segments of the market are explained below:

By Application:

Food & Beverage
Industrial Logistics & Warehouse
Corrugated Cardboard & Paper
Newspaper & Graphics
Building & Construction
Metal

By Product:

Steel
Polypropylene (PP)
Polyester (PET)

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market estimates & forecasts for 10 years from 2022 to 2032.
Annualized revenue and regional-level analysis for each market segment.
Detailed geographical landscape analysis with country-level insights.
Competitive landscape with profiles of major market players.
Analysis of key business strategies and future market approaches.
Demand-side and supply-side market analysis.

Chapter 1. Global Strapping Materials Market Executive Summary

1.1. Global Strapping Materials Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By Product
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Strapping Materials Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Strapping Materials Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand in Food & Beverage
- 3.1.2. Advancements in Strapping Material Technologies
- 3.1.3. Growing Adoption in Industrial Logistics & Warehouse
3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Prices
- 3.2.2. Environmental Concerns with Traditional Strapping Materials
3.3. Market Opportunities
- 3.3.1. Expansion in Emerging Markets
- 3.3.2. Innovations in Sustainable Strapping Solutions
- 3.3.3. Government Initiatives Promoting Sustainable Packaging

Chapter 4. Global Strapping Materials Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Strapping Materials Market Size & Forecasts by Application 2022-2032

5.1. Segment Dashboard
5.2. Global Strapping Materials Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Food & Beverage
- 5.2.2. Industrial Logistics & Warehouse
- 5.2.3. Corrugated Cardboard & Paper
- 5.2.4. Newspaper & Graphics
- 5.2.5. Building & Construction
- 5.2.6. Metal

Chapter 6. Global Strapping Materials Market Size & Forecasts by Product 2022-2032

6.1. Segment Dashboard
6.2. Global Strapping Materials Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Steel
- 6.2.2. Polypropylene (PP)
- 6.2.3. Polyester (PET)

Chapter 7. Global Strapping Materials Market Size & Forecasts by Region 2022-2032

7.1. North America Strapping Materials Market
- 7.1.1. U.S. Strapping Materials Market
  - 7.1.1.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Product Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Strapping Materials Market
7.2. Europe Strapping Materials Market
- 7.2.1. UK Strapping Materials Market
- 7.2.2. Germany Strapping Materials Market
- 7.2.3. France Strapping Materials Market
- 7.2.4. Spain Strapping Materials Market
- 7.2.5. Italy Strapping Materials Market
- 7.2.6. Rest of Europe Strapping Materials Market
7.3. Asia-Pacific Strapping Materials Market
- 7.3.1. China Strapping Materials Market
  - 7.3.1.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.3.1.2. Product Breakdown Size & Forecasts, 2022-2032
- 7.3.2. India Strapping Materials Market
- 7.3.3. Japan Strapping Materials Market
- 7.3.4. Australia Strapping Materials Market
- 7.3.5. South Korea Strapping Materials Market
- 7.3.6. Rest of Asia-Pacific Strapping Materials Market
7.4. Latin America Strapping Materials Market
- 7.4.1. Brazil Strapping Materials Market
- 7.4.2. Mexico Strapping Materials Market
- 7.4.3. Rest of Latin America Strapping Materials Market
7.5. Middle East & Africa Strapping Materials Market
- 7.5.1. Saudi Arabia Strapping Materials Market
- 7.5.2. South Africa Strapping Materials Market
- 7.5.3. Rest of Middle East & Africa Strapping Materials Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Signode Industrial Group LLC
- 8.1.2. FROMM Packaging Systems
- 8.1.3. Mosca GmbH
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Signode Industrial Group LLC
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. FROMM Packaging Systems
- 8.3.3. Mosca GmbH
- 8.3.4. Polychem Corporation
- 8.3.5. Samuel Strapping Systems
- 8.3.6. Scientex Berhad
- 8.3.7. Teufelberger Holding AG
- 8.3.8. StraPack Inc.
- 8.3.9. Cyklop International
- 8.3.10. Dynaric Inc.
- 8.3.11. PAC Strapping Products Inc.
- 8.3.12. North Shore Strapping Company
- 8.3.13. Anshan Falan Company Limited
- 8.3.14. Dubose Strapping Inc.
- 8.3.15. Titan Umreifungstechnik GmbH & Co. KG

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes