Global strapping market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The global strapping market is projected to reach USD 3.2 billion by 2030, from USD 2.4 billion in 2018, at a CAGR of 4.5%. The growth of the global strapping market can be attributed to the increasing demand for packaging and transportation solutions in various industries such as wood industry, paper industry, building industry and textile industry among others.
The steel strapping segment accounted for the largest share of the global market in 2018 with a share of over 50%. Steel strap has been used extensively in various industries such as wood industry, paper industry and textile industry due to its high tensile strength and durability properties which make it suitable for heavy duty applications such as securing pallets or bundles together tightly without any damage or breakage during transit or storage periods. Plastic strap accounted for over 30% share in 2018 owing to its low cost per unit weight ratio which makes it an economical option when compared with steel straps on account of their higher cost per unit weight ratio.
Some Of The Growth Factors Of This Market:
- The global population is expected to grow by 2 billion people by 2050, which will increase the demand for food and other agricultural products.
- The world's population is aging, which will lead to a higher demand for healthcare products and services.
- Rising incomes in developing countries are leading to an increased demand for meat, dairy, and other high-protein foods that require more resources than grains or vegetables do to produce them.
- Increasing urbanization in developing countries means that more people are living in close proximity with one another, which increases the risk of infectious diseases spreading quickly among populations with little immunity against them (e.g., avian flu).
- Climate change is expected to lead to a rise in extreme weather events such as floods and droughts that can disrupt food production systems.
Industry Growth Insights published a new data on “Strapping Market”. The research report is titled “Strapping Market research by Types (Steel Strapping, Plastic Strapping), By Applications (Wood Industry, Paper Industry, Building Industry, Textile Industry, Others), By Players/Companies Signode, Cordstrap, FROMM Group, Anshan Falan, Baosteel, M.J.Maillis Group, Polychem, Bhushan Steel, Yongsun, Mosca, Scientex Berhad, Teufelberger, TITAN Umreifungstechnik, MiDFIELD INDUSTRIES LTD, Polivektris, Linder, Cyklop, Carolina Strapping, PAC Strapping Products, Inc., EMBALCER”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Strapping Market Research Report
By Type
Steel Strapping, Plastic Strapping
By Application
Wood Industry, Paper Industry, Building Industry, Textile Industry, Others
By Companies
Signode, Cordstrap, FROMM Group, Anshan Falan, Baosteel, M.J.Maillis Group, Polychem, Bhushan Steel, Yongsun, Mosca, Scientex Berhad, Teufelberger, TITAN Umreifungstechnik, MiDFIELD INDUSTRIES LTD, Polivektris, Linder, Cyklop, Carolina Strapping, PAC Strapping Products, Inc., EMBALCER
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Strapping Market Report Segments:
The global Strapping market is segmented on the basis of:
Types
Steel Strapping, Plastic Strapping
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
Wood Industry, Paper Industry, Building Industry, Textile 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
- Cordstrap
- FROMM Group
- Anshan Falan
- Baosteel
- M.J.Maillis Group
- Polychem
- Bhushan Steel
- Yongsun
- Mosca
- Scientex Berhad
- Teufelberger
- TITAN Umreifungstechnik
- MiDFIELD INDUSTRIES LTD
- Polivektris
- Linder
- Cyklop
- Carolina Strapping
- PAC Strapping Products, Inc.
- EMBALCER
Highlights of The 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:
- Steel Strapping
- Plastic Strapping
- By Application:
- Wood Industry
- Paper Industry
- Building Industry
- Textile 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 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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- Correctly Positioning New Products
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- Product & Brand Management
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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?
Strapping is a type of bondage that involves using straps to bind someone's wrists and ankles together.
Some of the major players in the strapping market are Signode, Cordstrap, FROMM Group, Anshan Falan, Baosteel, M.J.Maillis Group, Polychem, Bhushan Steel, Yongsun, Mosca, Scientex Berhad, Teufelberger, TITAN Umreifungstechnik, MiDFIELD INDUSTRIES LTD, Polivektris, Linder, Cyklop, Carolina Strapping, PAC Strapping Products, Inc., EMBALCER.
The strapping market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 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. Strapping Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Strapping Market - Supply Chain
4.5. Global Strapping Market Forecast
4.5.1. Strapping Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Strapping Market Size (000 Units) and Y-o-Y Growth
4.5.3. Strapping Market Absolute $ Opportunity
5. Global 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. Strapping Market Size and Volume Forecast by Type
5.3.1. Steel Strapping
5.3.2. Plastic Strapping
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global 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. Strapping Market Size and Volume Forecast by Application
6.3.1. Wood Industry
6.3.2. Paper Industry
6.3.3. Building Industry
6.3.4. Textile Industry
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global 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. 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 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. 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 Strapping Demand Share Forecast, 2019-2026
9. North America 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 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 Strapping Market Size and Volume Forecast by Application
9.4.1. Wood Industry
9.4.2. Paper Industry
9.4.3. Building Industry
9.4.4. Textile 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 Strapping Market Size and Volume Forecast by Type
9.7.1. Steel Strapping
9.7.2. Plastic Strapping
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 Strapping Demand Share Forecast, 2019-2026
10. Latin America 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 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 Strapping Market Size and Volume Forecast by Application
10.4.1. Wood Industry
10.4.2. Paper Industry
10.4.3. Building Industry
10.4.4. Textile 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 Strapping Market Size and Volume Forecast by Type
10.7.1. Steel Strapping
10.7.2. Plastic Strapping
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 Strapping Demand Share Forecast, 2019-2026
11. Europe 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 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 Strapping Market Size and Volume Forecast by Application
11.4.1. Wood Industry
11.4.2. Paper Industry
11.4.3. Building Industry
11.4.4. Textile 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 Strapping Market Size and Volume Forecast by Type
11.7.1. Steel Strapping
11.7.2. Plastic Strapping
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential nalysis
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 Strapping Demand Share, 2019-2026
12. Asia Pacific 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 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 Strapping Market Size and Volume Forecast by Application
12.4.1. Wood Industry
12.4.2. Paper Industry
12.4.3. Building Industry
12.4.4. Textile 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 Strapping Market Size and Volume Forecast by Type
12.7.1. Steel Strapping
12.7.2. Plastic Strapping
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 Strapping Demand Share, 2019-2026
13. Middle East & Africa 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 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 Strapping Market Size and Volume Forecast by Application
13.4.1. Wood Industry
13.4.2. Paper Industry
13.4.3. Building Industry
13.4.4. Textile 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 Strapping Market Size and Volume Forecast by Type
13.7.1. Steel Strapping
13.7.2. Plastic Strapping
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 Strapping Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Strapping Market: Market Share Analysis
14.2. Strapping Distributors and Customers
14.3. 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. Cordstrap
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. FROMM Group
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. Baosteel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. M.J.Maillis Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Polychem
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. Yongsun
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mosca
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Scientex Berhad
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Teufelberger
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. TITAN Umreifungstechnik
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. MiDFIELD INDUSTRIES LTD
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Polivektris
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Linder
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Cyklop
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Carolina Strapping
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. PAC Strapping Products, Inc.
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. EMBALCER
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
