by 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.
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.
Download Free Sample@ https://www.precedenceresearch.com/sample/3681
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 Coverage | Details |
| Growth Rate from 2024 to 2033 | CAGR of 5.10% |
| Global Market Size in 2023 | USD 6.25 Billion |
| Global Market Size by 2033 | USD 10 Billion |
| Asia-Pacific Market Size in 2023 | USD 2.87 Billion |
| Asia-Pacific Market Size by 2033 | USD 4.80 Billion |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Product and By Application |
| Regions Covered | North 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
Contact Us:
Precedence Research
Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada
Call: +1 774 402 6168
Email: sales@precedenceresearch.com
Website: https://www.precedenceresearch.com
