The Asia Pacific Strapping Materials Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,917.1 Kilo Tonnes, showcasing a growth of 4.8% (2019-2022).
Adopting advanced technologies, such as automated strapping systems and high-tensile materials, has increased efficiency in packaging and construction applications. Automated strapping systems offer speed and precision, reducing labor costs and enhancing overall productivity. With a growing focus on sustainability, there is a growing trend toward eco-friendly materials. Manufacturers are developing biodegradable and recyclable strapping options to reduce environmental impact. This aligns with the broader shift toward sustainable practices in the packaging and construction industries.
The market has witnessed a surge in the need for customizable strapping solutions that cater to specific industry needs. Innovative materials, such as composite straps with enhanced strength and flexibility, are gaining traction, providing versatile options for various applications. The market is influenced by evolving regulatory standards related to packaging and transportation safety. Compliance with these norms is crucial for manufacturers to ensure the reliability and effectiveness of these materials in diverse applications.
According to Invest India, in terms of value, $3179.24 Mn of paper, paperboard & newsprint was exported in 2021-22, as against $1940.94 Mn in the previous year. This added nearly $1238.30 Million to the nation's growth. The paper industry produces large rolls of paper, and these materials are essential for securely bundling these rolls. Strapping helps prevent damage to the paper during transportation and ensures that it reaches its destination in optimal condition. Due to the aforementioned factors the market growth will drive in this region.
The China market dominated the Asia Pacific Strapping Materials Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $910.4 Million by 2030. The Japan market is registering a CAGR of 4.5% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5.9% during (2023 - 2030).
Based on Product, the market is segmented into Polypropylene (PP), Steel, and Polyester (PET). Based on Application, the market is segmented into Industrial Logistics & Warehouse, Corrugated Cardboard & Paper, Food & Beverage, Newspaper & Graphics, Building & Construction, and Metal. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cyklop GmbH, UNIPACK Pte Ltd., Mosca GmbH, Burlan Manufacturing LLC, Greenbridge (The Sterling Group, L.P.), Signode Industrial Group LLC (Crown Holdings Inc.), StraPack, Corp., TITAN Umreifungstechnik GmbH & Co. KG (PW Lenzen GmbH & Co. KG), 3M Company and Samuel, Son & Co., Ltd.
Adopting advanced technologies, such as automated strapping systems and high-tensile materials, has increased efficiency in packaging and construction applications. Automated strapping systems offer speed and precision, reducing labor costs and enhancing overall productivity. With a growing focus on sustainability, there is a growing trend toward eco-friendly materials. Manufacturers are developing biodegradable and recyclable strapping options to reduce environmental impact. This aligns with the broader shift toward sustainable practices in the packaging and construction industries.
The market has witnessed a surge in the need for customizable strapping solutions that cater to specific industry needs. Innovative materials, such as composite straps with enhanced strength and flexibility, are gaining traction, providing versatile options for various applications. The market is influenced by evolving regulatory standards related to packaging and transportation safety. Compliance with these norms is crucial for manufacturers to ensure the reliability and effectiveness of these materials in diverse applications.
According to Invest India, in terms of value, $3179.24 Mn of paper, paperboard & newsprint was exported in 2021-22, as against $1940.94 Mn in the previous year. This added nearly $1238.30 Million to the nation's growth. The paper industry produces large rolls of paper, and these materials are essential for securely bundling these rolls. Strapping helps prevent damage to the paper during transportation and ensures that it reaches its destination in optimal condition. Due to the aforementioned factors the market growth will drive in this region.
The China market dominated the Asia Pacific Strapping Materials Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $910.4 Million by 2030. The Japan market is registering a CAGR of 4.5% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5.9% during (2023 - 2030).
Based on Product, the market is segmented into Polypropylene (PP), Steel, and Polyester (PET). Based on Application, the market is segmented into Industrial Logistics & Warehouse, Corrugated Cardboard & Paper, Food & Beverage, Newspaper & Graphics, Building & Construction, and Metal. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cyklop GmbH, UNIPACK Pte Ltd., Mosca GmbH, Burlan Manufacturing LLC, Greenbridge (The Sterling Group, L.P.), Signode Industrial Group LLC (Crown Holdings Inc.), StraPack, Corp., TITAN Umreifungstechnik GmbH & Co. KG (PW Lenzen GmbH & Co. KG), 3M Company and Samuel, Son & Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Polypropylene (PP)
- Steel
- Polyester (PET)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Industrial Logistics & Warehouse
- Corrugated Cardboard & Paper
- Food & Beverage
- Newspaper & Graphics
- Building & Construction
- Metal
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Cyklop GmbH
- UNIPACK Pte Ltd.
- Mosca GmbH
- Burlan Manufacturing LLC
- Greenbridge (The Sterling Group, L.P.)
- Signode Industrial Group LLC (Crown Holdings Inc.)
- StraPack, Corp.
- TITAN Umreifungstechnik GmbH & Co. KG (PW Lenzen GmbH & Co. KG)
- 3M Company
- Samuel, Son & Co., Ltd.
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Strapping Materials Market by Product
Chapter 5. Asia Pacific Strapping Materials Market by Application
Chapter 6. Asia Pacific Strapping Materials Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Cyklop GmbH
- UNIPACK Pte Ltd.
- Mosca GmbH
- Burlan Manufacturing LLC
- Greenbridge (The Sterling Group, L.P.)
- Signode Industrial Group LLC (Crown Holdings Inc.)
- StraPack, Corp.
- TITAN Umreifungstechnik GmbH & Co. KG (PW Lenzen GmbH & Co. KG)
- 3M Company
- Samuel, Son & Co., Ltd.
Methodology
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