Strapping Materials Market 2022-27: Size, Share, Growth, Industry Report, Trends, Analysis And Forecast

 The latest research study “Strapping Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global strapping materials market size reached a value of US$ 6.16 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.91 Billion by 2027, exhibiting a CAGR of 6.10% during 2022-2027.

Strapping Materials Definition

Strapping is a method of strengthening and bundling products together, such as lumbers, newspapers, cartons, pipes and concrete blocks, by bands, wires or metal straps for convenient handling and shipping. It is also used to close shipping containers and corrugated boxes, attach items to skids, crated and pallets and safeguard a unit load of bricks, packaged glass and metal parts. Nowadays, the demand for strapping materials is increasing in the food and beverage (F&B) industry for supplying an economical manner of packaging, unitizing and palletizing food products worldwide.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Strapping Materials Market Trends and Drivers:

One of the key factors driving the market is the extensive application of strapping materials in industrial logistics for bundling products and safeguarding pallet loads during storage and transportation. Additionally, the rising application of steel straps in the construction industry due to their high tensile strength, extreme durability and hot temperature resistance is apt for packaging metal, which is propelling the market growth. 

Besides this, there has been growing utilization of plastic strapping in the print industry on account of its elongation and recovery market. Furthermore, various capital venture companies and investment firms are investing extensively in strap manufacturing to enhance its features, thus providing a positive thrust to the market growth. 

Moreover, the e-commerce industry depends on corrugated cardboard and paper to secure goods from vibration and damage as a retail-ready packaging option. This, along with the rising dependence on online retail outlets, is creating a positive market outlook.

Strapping Materials Market Report Scope
Report Coverage	Details
Market size value in 2021	US$ 6.16 Billion
Market forecast in 2027	US$ 8.91 Billion
Growth Rate	CAGR of 6.10% from 2022 to 2027
Base year for estimation	2021
Historical data	2016-2021
Forecast period	2022-2027

Global Strapping Materials Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Binderholz GmbH, Dongwha Enterprise, EGGER Group, Evergreen Fibreboard Berhad, Georgia-Pacific LLC (Koch Industries Inc.), Green River Holding Co. Ltd., Kastamonu Entegre, Louisiana-Pacific Corporation, Sonae Arauco, Starbank Panel Products Ltd., West Fraser Timber Co. Ltd. and Weyerhaeuser Company. 

The report has segmented the market on the basis of region, 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

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Key highlights of the report:

• Market Performance (2016-2021)

• Market Outlook (2022- 2027)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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