March 4, 2024

Strapping Materials Market Size to Rise USD 10 Bn By 2033

The strapping materials market would grow at a CAGR of 5.10% over the predicted time frame. The market is expected to increase in value from US$ 6.25 billion in 2023 to US$ 10 billion by 2033.

Strapping Materials Market Size 2024 To 2033

Key Takeaways

  • Asia-Pacific contributed more than 46% of market share in 2023.
  • North America is estimated to expand the fastest CAGR between 2024 and 2033.
  • By product, the polypropylene (PP) segment generated over 48% of market share in 2023.
  • By product, the polyester segment is anticipated to grow at a remarkable CAGR of 6.8% between 2024 and 2033.
  • By application, the industrial logistics and warehouse segment generated over 29% of the market share in 2023.
  • By application, the food & beverage segment is expected to expand at the fastest CAGR over the projected period.

The on strapping materials Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.

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A recent report provides crucial insights along with application based and forecast information in the Global Strapping materials Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Strapping materials market.

A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.

Strapping Materials Market Scope

Report CoverageDetails
Growth Rate from 2024 to 2033CAGR of 5.10%
Global Market Size in 2023USD 6.25 Billion
Global Market Size by 2033USD 10 Billion
Asia-Pacific Market Size in 2023USD 2.87 Billion
Asia-Pacific Market Size by 2033USD 4.80 Billion
Base Year2023
Forecast Period2024 to 2033
Segments CoveredBy Product and By Application
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read Also: Refractories Market Size to Worth USD 51.46 Bn By 2033

Companies and Manufacturers Covered

The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Strapping materials market are included as given below:

Recent Developments in the Strapping Materials Market

  • In March 2023, EAM-Mosca Corp., a subsidiary of Mosca GmbH, unveiled a sales and marketing partnership with Spain’s Reisopack S.L. Per the agreement, EAM-Mosca exclusively offers Reisopack’s strapping systems and OEM parts to clients in the United States, Mexico, Canada, and Brazil.
  • In December 2022, Signode launched a new BST battery-powered tool designed for sealless strapping, enhancing load security and stability for heavy-duty tension requirements.
  • In February 2023, Samuel Son & Co. announced the inauguration of a cutting-edge 350,000-square-foot Greenfield facility in Mexico, strategically positioned to cater to the growing needs of its expanding customer base.

Strapping Materials Market Companies

  • Signode Packaging Systems
  • Crown Holdings, Inc.
  • Polychem Corporation
  • FROMM Packaging Systems
  • Samuel, Son & Co., Limited
  • Dynaric, Inc.
  • Mosca GmbH
  • Teufelberger
  • Auto Strap India
  • Linder Seevetal
  • PAC Strapping Products, Inc.
  • Strapex Group
  • Midfield Industries
  • Messersì Packaging S.r.l.
  • Dubose Strapping, Inc.

Segments Covered in the Report

By Product

  • Steel
  • Polypropylene (PP)
  • Polyester (PET)

By Application

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

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Report Objectives

  • To define, describe, and forecast the global strapping materials market based on product, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
  • To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
  • To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the strapping materials market

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Strapping Materials Market 

5.1. COVID-19 Landscape: Strapping Materials Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Strapping Materials Market, By Product

8.1. Strapping Materials Market Revenue and Volume, by Product, 2024-2033

8.1.1. Steel

8.1.1.1. Market Revenue and Volume Forecast (2020-2033)

8.1.2. Polypropylene (PP)

8.1.2.1. Market Revenue and Volume Forecast (2020-2033)

8.1.3. Polyester (PET)

8.1.3.1. Market Revenue and Volume Forecast (2020-2033)

Chapter 9. Global Strapping Materials Market, By Application

9.1. Strapping Materials Market Revenue and Volume, by Application, 2024-2033

9.1.1. Food & Beverage

9.1.1.1. Market Revenue and Volume Forecast (2020-2033)

9.1.2. Industrial Logistics & Warehouse

9.1.2.1. Market Revenue and Volume Forecast (2020-2033)

9.1.3. OnCorrugated Cardboard & Paperline

9.1.3.1. Market Revenue and Volume Forecast (2020-2033)

9.1.4. Newspaper & Graphics

9.1.4.1. Market Revenue and Volume Forecast (2020-2033)

9.1.5. Building & Construction

9.1.5.1. Market Revenue and Volume Forecast (2020-2033)

9.1.6. Metal

9.1.6.1. Market Revenue and Volume Forecast (2020-2033)

Chapter 10. Global Strapping Materials Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.1.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.1.3.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.1.4.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.2.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.2.3.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.2.4.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.2.5.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.2.6.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.3.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.3.3.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.3.4.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.3.5.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.3.6.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.4.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.4.3.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.4.4.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.4.5.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.4.6.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.5.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.5.3.2. Market Revenue and Volume Forecast, by Application (2020-2033)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, by Product (2020-2033)

10.5.4.2. Market Revenue and Volume Forecast, by Application (2020-2033)

Chapter 11. Company Profiles

11.1. Abbott

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Abbott

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Abbott

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Abbott

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Abbott

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Abbott

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Abbott

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Abbott

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Abbott

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Abbott

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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