Steel Strapping Market Report: Trends, Forecast and Competitive Analysis to 2030

Steel Strapping Market Report: Trends, Forecast and Competitive Analysis to 2030

Steel Strapping Trends and Forecast

The future of the global steel strapping market looks promising with opportunities in the metal, paper, glass, and building markets. The global steel strapping market is expected to reach an estimated $1.6 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are increasing demand for secure and safe packaging solutions across industries, rising industrialization and globalization, rising e-commerce and logistics activities, and growing construction and infrastructure development.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Steel Strapping by Segment

The study includes a forecast for the global steel strapping by product type, application, and region.

Steel Strapping Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Blue-Tempered Steel Strapping
• Paint-Coated Steel Strapping
• Galvanized Steel Strapping

Steel Strapping Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Metal
• Paper
• Glass
• Building
• Others

Steel Strapping Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Steel Strapping Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies steel strapping companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the steel strapping companies profiled in this report include-

• Signode
• Samuel Strapping
• Baosteel
• Anshan Falan
• Yongxin
• Specta
• Bhushan Steel

Steel Strapping Market Insights

Lucintel forecasts that blue-tempered steel strapping is expected to witness the highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Steel Strapping Market

Market Size Estimates: Steel strapping market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Steel strapping market size by product type, application, and region in terms of value ($B).

Regional Analysis: Steel strapping market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product type, application, and regions for the steel strapping market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the steel strapping market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the steel strapping market size?

Answer: The global steel strapping market is expected to reach an estimated $1.6 billion by 2030.

Q2. What is the growth forecast for steel strapping market?

Answer: The global steel strapping market is expected to grow with a CAGR of 5.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the steel strapping market?

Answer: The major drivers for this market are increasing demand for secure and safe packaging solutions across industries, rising industrialization and globalization, rising e-commerce and logistics activities, and growing construction and infrastructure development.

Q4. What are the major segments for steel strapping market?

Answer: The future of the global steel strapping market looks promising with opportunities in the metal, paper, glass, and building markets.

Q5. Who are the key steel strapping market companies?

Answer: Some of the key steel strapping companies are as follows:

• Signode
• Samuel Strapping
• Baosteel
• Anshan Falan
• Yongxin
• Specta
• Bhushan Steel

Q6. Which steel strapping market segment will be the largest in future?

Answer: Lucintel forecasts that blue-tempered steel strapping is expected to witness the highest growth over the forecast period.

Q7. In steel strapping market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the steel strapping market by product type (blue-tempered steel strapping, paint-coated steel strapping, and galvanized steel strapping), application (metal, paper, glass, building, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?Please note: It will take 2-3 business days to deliver the report upon receipt the order.