Strapping Materials Market Report: Trends, Forecast and Competitive Analysis to 2030

Strapping Materials Trends and Forecast

The future of the global strapping materials market looks promising with opportunities in the food & beverage, industrial logistics & warehouse, corrugated cardboard & paper, newspaper & graphics, building & construction, and metal markets. The global strapping materials market is expected to grow with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are growing awareness towards recycling plastics and increasing demand for logistics and warehousing.

A more than 150-page report is developed to help in your business decisions.

Strapping Materials by Segment

The study includes a forecast for the global strapping materials by product type, application, and region.

Strapping Materials Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Steel
• Polypropylene
• Polyester

Strapping Materials Market by Application [Shipment Analysis by Value from 2018 to 2030]:

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

Strapping Materials Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Strapping Materials Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies strapping materials companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the strapping materials companies profiled in this report include-

• Cyklop
• Unipack
• Mosca
• Panorama Packaging
• Plastofine Industries
• Greenbridge
• Signode Industrial
• Signor Polymers
• Strapack
• Titan Umreifungstechnik

Strapping Materials Market Insights

Lucintel forecasts that polypropylene is expected to witness the highest growth over the forecast period due to its quality like exceptional strength and durability.

Within this market, industrial logistics and warehouse will remain the largest segment due to growing utilization in the handling of inflexible loads.

APAC is expected to witness highest growth over the forecast period due to growing application of strapping materials in industries such as food and beverages, industrial logistics and warehouses, and newspapers and graphics..

Features of the Global Strapping Materials Market

Market Size Estimates: Strapping materials market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Strapping materials market size by product type, application, and region in terms of value ($B).

Regional Analysis: Strapping materials market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product type, application, and regions for the strapping materials market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the strapping materials market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for strapping materials market?

Answer: The global strapping materials market is expected to grow with a CAGR of 6.3% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the strapping materials market?

Answer: The major drivers for this market are growing awareness towards recycling plastics and increasing demand for logistics and warehousing.

Q3. What are the major segments for strapping materials market?

Answer: The future of the strapping materials market looks promising with opportunities in the food & beverage, industrial logistics & warehouse, corrugated cardboard & paper, newspaper & graphics, building & construction, and metal markets.

Q4. Who are the key strapping materials market companies?

Answer: Some of the key strapping materials companies are as follows.

• Cyklop
• Unipack
• Mosca
• Panorama Packaging
• Plastofine Industries
• Greenbridge
• Signode Industrial
• Signor Polymers
• Strapack
• Titan Umreifungstechnik

Q5. Which strapping materials market segment will be the largest in future?

Answer: Lucintel forecasts that polypropylene is expected to witness the highest growth over the forecast period due to its quality like exceptional strength and durability.

Q6. In strapping materials market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing application of strapping materials in industries such as food and beverages, industrial logistics and warehouses, and newspapers and graphics..

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the strapping materials market by product type (steel, polypropylene , and polyester), application (food & beverage, industrial logistics & warehouse
• , corrugated cardboard & paper, newspaper & graphics, building & construction, metal, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?