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Strapping Materials Market: By Material Type, Other) By Application, and Region Forecast 2019-2030
Strapping Materials Market: By Material Type, Other) By Application, and Region Forecast 2019-2030
Strapping Materials Market size was valued at US$ 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 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 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 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.
Study Period
2024-2030Base Year
2023CAGR
7.7%Largest Market
Asia PacificFastest Growing Market
North America
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 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
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
|
Market Size in 2023 |
US$ 1021.5 million |
|
Market CAGR |
7.7% |
|
By Material Type |
|
|
By Application |
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The strapping materials market size was valued at US$ 1021.5 million in 2023 and is set to grow at a significant CAGR of 7.7% from 2024-2030.
The 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 market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Strapping Materials Market Introduction |
| 2.1.Global Strapping Materials Market - Taxonomy |
| 2.2.Global Strapping Materials Market - Definitions |
| 2.2.1.Material Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3. Global Strapping Materials Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Strapping Materials Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Strapping Materials Market By Material Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Steel |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Polypropylene |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Polyester (PET) |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Other |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Strapping Materials Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Food & Beverage |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Industrial Logistics & Warehouse |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Corrugated Card Boxes & Paper |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Building & Construction |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Metal |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Strapping Materials Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America Strapping Materials Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Material Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Steel |
| 8.1.2.Polypropylene |
| 8.1.3.Polyester (PET) |
| 8.1.4.Other |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Food & Beverage |
| 8.2.2.Industrial Logistics & Warehouse |
| 8.2.3.Corrugated Card Boxes & Paper |
| 8.2.4.Building & Construction |
| 8.2.5.Metal |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe Strapping Materials Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Material Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Steel |
| 9.1.2.Polypropylene |
| 9.1.3.Polyester (PET) |
| 9.1.4.Other |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Food & Beverage |
| 9.2.2.Industrial Logistics & Warehouse |
| 9.2.3.Corrugated Card Boxes & Paper |
| 9.2.4.Building & Construction |
| 9.2.5.Metal |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) Strapping Materials Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Material Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Steel |
| 10.1.2.Polypropylene |
| 10.1.3.Polyester (PET) |
| 10.1.4.Other |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Food & Beverage |
| 10.2.2.Industrial Logistics & Warehouse |
| 10.2.3.Corrugated Card Boxes & Paper |
| 10.2.4.Building & Construction |
| 10.2.5.Metal |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11. Middle East and Africa (MEA) Strapping Materials Market , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Material Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Steel |
| 11.1.2.Polypropylene |
| 11.1.3.Polyester (PET) |
| 11.1.4.Other |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Food & Beverage |
| 11.2.2.Industrial Logistics & Warehouse |
| 11.2.3.Corrugated Card Boxes & Paper |
| 11.2.4.Building & Construction |
| 11.2.5.Metal |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America Strapping Materials Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Material Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Steel |
| 12.1.2.Polypropylene |
| 12.1.3.Polyester (PET) |
| 12.1.4.Other |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Food & Beverage |
| 12.2.2.Industrial Logistics & Warehouse |
| 12.2.3.Corrugated Card Boxes & Paper |
| 12.2.4.Building & Construction |
| 12.2.5.Metal |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Technopack Corporation |
| 13.2.2.Strapack, Inc. |
| 13.2.3.Signode |
| 13.2.4.Signor Strapping Solutions |
| 13.2.5.Titan Umreifungstechnik GmbH & Co. KG |
| 13.2.6.EAM-Mosca |
| 13.2.7.Martin Packaging |
| 13.2.8.Crawford Packaging |
| 13.2.9.3M |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.