IMARC Group, a leading market research company, has recently releases report titled “Strapping Materials Market Report by Material (Steel, Polypropylene, Polyester), Application (Industrial Logistics and Warehouse, Food and Beverage, Corrugated Cardboard and Paper, Newspaper and Graphics, Building and Construction, Metal), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global strapping materials market.

How Big is the Strapping Materials Market?

The global strapping materials market size reached US$ 7.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.

Industry Overview of Strapping Materials

Strapping refers to the method of using bands, metal straps, or wires to reinforce and bundle products, such as cartons, newspapers, pipes, lumber, and concrete blocks, for easy handling and shipping. It is also used to close shipping containers and corrugated boxes, hold agricultural products or textile bales, attach goods to pallets, skids, and crates, and secure a unit load of bricks, packaged glass, or metal components. Besides this, strapping materials find extensive applications in the food and beverage (FB) industry to provide a cost-efficient way of palletizing, unitizing, and packaging food products across the globe.

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What are the growth prospects and trends in the strapping materials industry?

The global strapping materials market is primarily driven by the rising product use in industrial logistics to secure pallet loads and bundle products for transportation and storage. Moreover, numerous capital venture and investment firms are investing in the manufacturing of strapping materials to add innovative features during the process. In addition, continual technological advancements, such as the development of automatic strapping machines, are positively influencing market growth.

Additionally, there has been a rise in the adoption of steel straps in the construction industry owing to their high tensile strength, heat resistance, and extreme durability, making them suitable for packaging metal. In line with this, due to its recovery and elongation properties, the increasing use of plastic strapping in the printing sector has catalyzed market growth.

Furthermore, the rising reliance of the e-commerce industry on corrugated cardboard and paper as a retail-ready packaging alternative to protect goods from damage and vibration is another major growth-inducing factor. Other factors, including increasing penetration of online retail outlets, ongoing research and development (RD) activities, and rising demand for consumer goods, are also anticipated to drive the market further.

Leading Companies Operating in the Global Strapping Materials Industry:

• 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.

Strapping Materials Market Report Segmentation

The report has segmented the market into the following categories:

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

Market 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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