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Strapping Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 141 Pages
  • July 2023
  • Region: Global
  • IMARC Group
  • ID: 5615098

Quick Summary:

In the global strapping materials market, strapping serves as a pivotal tool for reinforcing and bundling a wide variety of products, aiding in their easy handling and shipping. Strapping finds wide-scale usage from sealing corrugated boxes to securing units of packaged metal. Specifically, it's seeing a growth in demand in the food and beverage industry where it provides a cost-effective approach to unitizing, packaging, and palletizing food products worldwide.

The rising use of strapping materials in industrial logistics for bundling and secure transportation and storage of products is a key driver for market growth. In particular, the construction industry is increasingly employing steel straps due to their high tensile strength and durability, perfectly suited for metal packaging. Along with this, the growing application of plastic strapping in the print industry, propelled by its elongation and recovery features, is further enhancing market growth. Capital venture firms are showing interest in the strapping manufacturing sector, providing a range of novel features within the process. This interest, mixed with technological advancements such as automatic strapping machines, is providing lucrative growth opportunities for end-users and industry investors. Furthermore, the reliance of the growing e-commerce industry on corrugated cardboard and paper as a retail-ready packaging option is positively impacting the strapping materials market.

The global strapping materials market size reached US$ 6.6 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 9.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.86% during 2023-2028.

Strapping refers to a way of reinforcing and bundling products like cartons, newspapers, pipes, lumbers and concrete blocks by bands, metal straps or wires for easy handling and shipping. It is also utilized for closing corrugated boxes and shipping containers; holding bales of agricultural products or textiles; attaching items to pallets, skids, and crates; and securing a unit load of bricks, packaged glass, and metal parts. At present, there is a rise in the demand for strapping materials in the food and beverage (F&B) industry for providing a cost-efficient manner of unitizing, packaging, and palletizing food products across the globe.

Strapping Materials Market Trends:

The growing utilization of strapping materials in industrial logistics for bundling products together and securing pallet loads during transportation and storage represents one of the key factors driving the market. Moreover, there is an increase in the employment of steel straps in the construction industry as they have high tensile strength, hot temperature resistance, and extreme durability, which is suitable for packaging metal. This, along with the rising applications of plastic strapping in the print industry due to its elongation and recovery aspects, is propelling the growth of the market. In addition, many capital venture companies and investment firms are investing in strap manufacturing to add novel features during the process. This, coupled with technological advancements, such as automatic strapping machines, is offering lucrative growth opportunities to end-users and industry investors. Besides this, the e-commerce industry relies on corrugated cardboard and paper as a retail-ready packaging option to protect goods from damage and vibration. This, along with the increasing reliance on online retail outlets, is positively influencing the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global strapping materials market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material and application.

Breakup by Material:

  • Steel
  • Polypropylene
  • Polyester

Breakup by Application:

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

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Crawford Packaging Inc., Cyklop Gmbh, Dynaric Inc., Martin Packaging Limited, Mosca GmbH, Plastofine Industries, Polychem Corporation, Signode Industrial Group LLC (Crown Holdings Inc.), Strapack Corporation, Tesa Tapes (India) Private Ltd., TITAN Umreifungstechnik GmbH & Co. KG and Unipack Trading Inc.

Key Questions Answered in This Report

1. What was the size of the global strapping materials market in 2022?
2. What is the expected growth rate of the global strapping materials market during 2023-2028?
3. What are the key factors driving the global strapping materials market?
4. What has been the impact of COVID-19 on the global strapping materials market?
5. What is the breakup of the global strapping materials market based on the material?
6. What is the breakup of the global strapping materials market based on the application?
7. What are the key regions in the global strapping materials market?
8. Who are the key players/companies in the global strapping materials market?
Frequently Asked Questions about the Global Strapping Materials Market

What is the estimated value of the Global Strapping Materials Market?

The Global Strapping Materials Market was estimated to be valued at $6.6 Billion in 2022.

What is the growth rate of the Global Strapping Materials Market?

The growth rate of the Global Strapping Materials Market is 6.3%, with an estimated value of $9.5 Billion by 2028.

What is the forecasted size of the Global Strapping Materials Market?

The Global Strapping Materials Market is estimated to be worth $9.5 Billion by 2028.

Who are the key companies in the Global Strapping Materials Market?

Key companies in the Global Strapping Materials Market include Crawford Packaging Inc., Cyklop Gmbh, Dynaric Inc., Martin Packaging Limited, Mosca GmbH, Plastofine Industries, Polychem Corporation, Signode Industrial Group LLC (Crown Holdings Inc.), Strapack Corporation and Tesa Tapes (India) Private Ltd..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Strapping Materials Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Material
6.1 Steel
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Polypropylene
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Polyester
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Industrial Logistics and Warehouse
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Food and Beverage
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Corrugated Cardboard and Paper
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Newspaper and Graphics
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Building and Construction
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Metal
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Crawford Packaging Inc.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Cyklop Gmbh
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Dynaric Inc.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Martin Packaging Limited
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Mosca GmbH
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Plastofine Industries
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Polychem Corporation
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Signode Industrial Group LLC (Crown Holdings Inc.)
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Strapack Corporation
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Tesa Tapes (India) Private Ltd.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11 TITAN Umreifungstechnik GmbH & Co. KG
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.12 Unipack Trading Inc.
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Strapping Materials Market: Major Drivers and Challenges
Figure 2: Global: Strapping Materials Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Strapping Materials Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Strapping Materials Market: Breakup by Material (in %), 2022
Figure 5: Global: Strapping Materials Market: Breakup by Application (in %), 2022
Figure 6: Global: Strapping Materials Market: Breakup by Region (in %), 2022
Figure 7: Global: Strapping Materials (Steel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Strapping Materials (Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Strapping Materials (Polypropylene) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Strapping Materials (Polypropylene) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Strapping Materials (Polyester) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Strapping Materials (Polyester) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Strapping Materials (Industrial Logistics and Warehouse) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Strapping Materials (Industrial Logistics and Warehouse) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Strapping Materials (Food and Beverage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Strapping Materials (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Strapping Materials (Corrugated Cardboard and Paper) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Strapping Materials (Corrugated Cardboard and Paper) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Strapping Materials (Newspaper and Graphics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Strapping Materials (Newspaper and Graphics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Strapping Materials (Building and Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Strapping Materials (Building and Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Strapping Materials (Metal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Strapping Materials (Metal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: North America: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: North America: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: United States: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: United States: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Canada: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Canada: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Asia-Pacific: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Asia-Pacific: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: China: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: China: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Japan: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Japan: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: India: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: India: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: South Korea: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: South Korea: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Australia: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Australia: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Indonesia: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Indonesia: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Others: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Others: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Europe: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Europe: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Germany: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Germany: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: France: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: France: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: United Kingdom: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: United Kingdom: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Italy: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Italy: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Spain: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Spain: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Russia: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Russia: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Latin America: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Latin America: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Brazil: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Brazil: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Mexico: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Mexico: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Middle East and Africa: Strapping Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Middle East and Africa: Strapping Materials Market: Breakup by Country (in %), 2022
Figure 73: Middle East and Africa: Strapping Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Global: Strapping Materials Industry: SWOT Analysis
Figure 75: Global: Strapping Materials Industry: Value Chain Analysis
Figure 76: Global: Strapping Materials Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Strapping Materials Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Strapping Materials Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 3: Global: Strapping Materials Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Strapping Materials Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Strapping Materials Market: Competitive Structure
Table 6: Global: Strapping Materials Market: Key Players

Companies Mentioned

  • Crawford Packaging Inc.
  • Cyklop Gmbh
  • Dynaric Inc.
  • Martin Packaging Limited
  • Mosca GmbH
  • Plastofine Industries
  • Polychem Corporation
  • Signode Industrial Group LLC (Crown Holdings Inc.)
  • Strapack Corporation
  • Tesa Tapes (India) Private Ltd.
  • TITAN Umreifungstechnik GmbH & Co. KG
  • Unipack Trading Inc.

Methodology

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