Market Overview:
The global steel strapping market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for steel strapping in various end-use industries, such as metal, paper, glass and building industry. Steel strapping is used as an efficient and economical way of binding and securing materials together for transportation or storage purposes. It offers high tensile strength and helps in reducing product damage during transit. Based on type, the global steel strapping market can be segmented into blue-tempered steel straping, paint-coated steel straping, galvanized steel straping and others.
Product Definition:
Steel strapping is a type of metal banding used to secure objects together. It is usually made from galvanized steel, which prevents rust and corrosion. Steel strapping can be used for a variety of purposes, such as bundling items together for shipping or holding objects in place during manufacturing.
Blue-Tempered Steel Strapping:
Blue-Tempered Steel Strapping is a special type of steel strapping, which has gained wide acceptance in the packaging industry. Blue-tempered steel straps are manufactured by heating normal carbon steel above the deformed temperature. The process gives it a distinctive blue color and improves its mechanical properties such as ductility, hardness and yield strength.
Paint-Coated Steel Strapping:
Paint-Coated Steel Strapping (PCSS) is a type of steel strapping that has been coated with paint. It is used to carry and transport products in bulk, especially where the product cannot be damaged by contact with other materials. The PCSS can be used for both vertical as well as horizontal load carrying capacities.
The global market size was valued at USD 1,64,848 in 2015.
Application Insights:
The metal industry accounted for the largest volume share of over 40% in 2017. The strapping is used to bundle and protect various metals including steel, aluminum, and others. It also helps in improving the quality of the final product by providing support to weak spots or areas on a structural member.
Strapping is widely used in construction industries such as building & construction materials sector, where it is used for bundling cement bags during transportation and storage. In addition, it finds application as a protection against damage caused by rodents or other animals while storing cement products at remote locations. Strapping provides insulation against cold weathers thus reducing energy consumption during transportation and storage of goods containing frozen foods such as ice creams from manufacturer to retailer location.
Regional Analysis:
Asia Pacific dominated the global steel strapping market in 2017 and accounted for over 45% of the total revenue share. The region is expected to witness significant growth in terms of volume as well as revenue owing to increasing construction spending by developing economies such as China, India, Indonesia, Malaysia and Vietnam. In addition, rising investments in industrial infrastructure are anticipated to drive demand over the forecast period.
The European market was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing high consumption volumes across end-use industries such as metal manufacturing; paper industry; glass industry; building & construction materials etc., especially within Germany, Italy and France countries among others.
Growth Factors:
- Increasing demand from end-use industries: The steel strapping market is witnessing a rise in demand from the end-use industries, owing to the increasing need for packaging and shipping products securely. This is driving the growth of the steel strapping market.
- Growing popularity of palletizing: Palletizing is gaining popularity as it helps in reducing product damage and improving efficiency during transportation. This is propelling the growth of the steel strapping market.
- Rising investments in industrial infrastructure: The growing investments in industrial infrastructure are aiding in the expansion of various end-use industries, which, in turn, is fueling demand for steel strapping products.
- Technological advancements: Steel strap manufacturers are focusing on developing innovative technologies that can improve product quality and performance while reducing production costs simultaneously These advancements are helping to boost growth prospects of this market over the forecast period . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Strapping Market Research Report
By Type
Blue-Tempered Steel Strapping, Paint-Coated Steel Strapping, Galvanized Steel Strapping, Others
By Application
Metal Industry, Paper Industry, Glass Industry, Building Industry, Others
By Companies
Signode, Samuel Strapping, Baosteel, Anshan Falan, M.J.Maillis Group, Yongxin, Specta, Bhushan Steel, Tianjin Hongmei, Wiscom, Kohan Kogyo Co., Ltd, Midfield Industries, Yodogawa Steel Works, Polychem, Walzen Strips (P) Ltd, Ensho Steel Strapping, Titan Umreifungstechnik, Linder, Cyklop, SHOKO KIKO CO., LTD, PAC Strapping Products, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Steel Strapping Market Report Segments:
The global Steel Strapping market is segmented on the basis of:
Types
Blue-Tempered Steel Strapping, Paint-Coated Steel Strapping, Galvanized Steel Strapping, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Metal Industry, Paper Industry, Glass Industry, Building Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Signode
- Samuel Strapping
- Baosteel
- Anshan Falan
- M.J.Maillis Group
- Yongxin
- Specta
- Bhushan Steel
- Tianjin Hongmei
- Wiscom
- Kohan Kogyo Co., Ltd
- Midfield Industries
- Yodogawa Steel Works
- Polychem
- Walzen Strips (P) Ltd
- Ensho Steel Strapping
- Titan Umreifungstechnik
- Linder
- Cyklop
- SHOKO KIKO CO., LTD
- PAC Strapping Products, Inc.
Highlights of The Steel Strapping Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Blue-Tempered Steel Strapping
- Paint-Coated Steel Strapping
- Galvanized Steel Strapping
- Others
- By Application:
- Metal Industry
- Paper Industry
- Glass Industry
- Building Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Steel Strapping Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Steel strapping is a type of industrial strapping made from steel wire. It is used to secure objects together, and can be either round or flat.
Some of the major players in the steel strapping market are Signode, Samuel Strapping, Baosteel, Anshan Falan, M.J.Maillis Group, Yongxin, Specta, Bhushan Steel, Tianjin Hongmei, Wiscom, Kohan Kogyo Co., Ltd, Midfield Industries, Yodogawa Steel Works, Polychem, Walzen Strips (P) Ltd, Ensho Steel Strapping, Titan Umreifungstechnik, Linder, Cyklop, SHOKO KIKO CO., LTD, PAC Strapping Products, Inc..
The steel strapping market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Steel Strapping Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Steel Strapping Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Steel Strapping Market - Supply Chain
4.5. Global Steel Strapping Market Forecast
4.5.1. Steel Strapping Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Steel Strapping Market Size (000 Units) and Y-o-Y Growth
4.5.3. Steel Strapping Market Absolute $ Opportunity
5. Global Steel Strapping Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Steel Strapping Market Size and Volume Forecast by Type
5.3.1. Blue-Tempered Steel Strapping
5.3.2. Paint-Coated Steel Strapping
5.3.3. Galvanized Steel Strapping
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Steel Strapping Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Steel Strapping Market Size and Volume Forecast by Application
6.3.1. Metal Industry
6.3.2. Paper Industry
6.3.3. Glass Industry
6.3.4. Building Industry
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Steel Strapping Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Steel Strapping Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Steel Strapping Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Steel Strapping Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Steel Strapping Demand Share Forecast, 2019-2026
9. North America Steel Strapping Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Steel Strapping Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Steel Strapping Market Size and Volume Forecast by Application
9.4.1. Metal Industry
9.4.2. Paper Industry
9.4.3. Glass Industry
9.4.4. Building Industry
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Steel Strapping Market Size and Volume Forecast by Type
9.7.1. Blue-Tempered Steel Strapping
9.7.2. Paint-Coated Steel Strapping
9.7.3. Galvanized Steel Strapping
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Steel Strapping Demand Share Forecast, 2019-2026
10. Latin America Steel Strapping Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Steel Strapping Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Steel Strapping Market Size and Volume Forecast by Application
10.4.1. Metal Industry
10.4.2. Paper Industry
10.4.3. Glass Industry
10.4.4. Building Industry
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Steel Strapping Market Size and Volume Forecast by Type
10.7.1. Blue-Tempered Steel Strapping
10.7.2. Paint-Coated Steel Strapping
10.7.3. Galvanized Steel Strapping
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Steel Strapping Demand Share Forecast, 2019-2026
11. Europe Steel Strapping Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Steel Strapping Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Steel Strapping Market Size and Volume Forecast by Application
11.4.1. Metal Industry
11.4.2. Paper Industry
11.4.3. Glass Industry
11.4.4. Building Industry
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Steel Strapping Market Size and Volume Forecast by Type
11.7.1. Blue-Tempered Steel Strapping
11.7.2. Paint-Coated Steel Strapping
11.7.3. Galvanized Steel Strapping
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Steel Strapping Demand Share, 2019-2026
12. Asia Pacific Steel Strapping Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Steel Strapping Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Steel Strapping Market Size and Volume Forecast by Application
12.4.1. Metal Industry
12.4.2. Paper Industry
12.4.3. Glass Industry
12.4.4. Building Industry
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Steel Strapping Market Size and Volume Forecast by Type
12.7.1. Blue-Tempered Steel Strapping
12.7.2. Paint-Coated Steel Strapping
12.7.3. Galvanized Steel Strapping
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Steel Strapping Demand Share, 2019-2026
13. Middle East & Africa Steel Strapping Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Steel Strapping Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Steel Strapping Market Size and Volume Forecast by Application
13.4.1. Metal Industry
13.4.2. Paper Industry
13.4.3. Glass Industry
13.4.4. Building Industry
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Steel Strapping Market Size and Volume Forecast by Type
13.7.1. Blue-Tempered Steel Strapping
13.7.2. Paint-Coated Steel Strapping
13.7.3. Galvanized Steel Strapping
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Steel Strapping Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Steel Strapping Market: Market Share Analysis
14.2. Steel Strapping Distributors and Customers
14.3. Steel Strapping Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Signode
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Samuel Strapping
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Baosteel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Anshan Falan
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. M.J.Maillis Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yongxin
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Specta
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bhushan Steel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tianjin Hongmei
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Wiscom
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kohan Kogyo Co., Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Midfield Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yodogawa Steel Works
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Polychem
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Walzen Strips (P) Ltd
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Ensho Steel Strapping
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Titan Umreifungstechnik
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Linder
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Cyklop
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. SHOKO KIKO CO., LTD
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
