Global Strapping Materials Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Strapping Materials Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Strapping Materials Market valued approximately USD 6346.29 Million in 2018 is anticipated to grow with a healthy growth rate of more than 6.62% over the forecast period 20192026. The market growth is primarily driven by increasing demand across end-user industries across various regions of the world. Additionally, rapid industrialization and surging adoption of electronic appliances are other factors which are propelling the growth of the market. However, lack of ability of these materials to protect products from damage due to moisture or rain is expected to hamper the market growth.

Market Overview:

The latest research study on the global Strapping Materials market finds that the global Strapping Materials market reached a value of USD 8331.29 million in 2022. It’s expected that the market will achieve USD 11759.24 million by 2028, exhibiting a CAGR of 5.91% during the forecast period.

Restraint

The major drawbacks of polypropylene materials are: insufficient rigidity at high temperature and brittle at low temperature; poor environmental resistance, outdoor use, yellowing and discoloring; high anisotropy of tensile strength, easy deformation of products, low continuous use temperature, high creep performance and long-term load resistance.

Polyester fibers have poor hygroscopicity, weak water absorption, poor melting resistance and easy to absorb dust due to their texture; then they have poor air permeability and are not easy to breathe; finally, their dyeing performance is poor, and they must be dyed with disperse dyes at high temperature.

Opportunity

The application of degradation technology to reduce environmental pollution is also an important research direction of plastic strapping materials. The main degradation technologies are photodegradation and biodegradation. Photodegradable strapping materials can be obtained by adding appropriate photosensitizers to common plastics such as PE and PP.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

The 3M Company Profiles, Signode Industrial Group Company Profiles, Nitto Denko Corporation Company Profiles,Shurtape Technologies Company Profiles and Mosca GmbH Company Profiles are the five key players in the global Strapping Materials market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Strapping Materials market in the past 5 years.

3M Company develops, manufactures, and markets various products worldwide. It operates through four business segments: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer. The Safety & Industrial segment offers personal safety products, adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation & Electronics provides electronics, such as display materials and systems, electronic materials solutions; automotive, aerospace, and commercial solutions; advanced materials; and transportation safety products. This segment serves transportation and electronic original equipment manufacturer customers. The Health Care segment offers medical solutions, oral care, separation and purification sciences, health information systems, drug delivery systems, and food safety products. The Consumer segment provides home improvement, home care, and consumer health care products, as well as stationery and office supplies. This segment is also involved in the retail auto care business. The company serves automotive, electronics and automotive electrification, appliance, paper and printing, packaging, food and beverage, construction, medical clinics and hospitals, pharmaceuticals.

Signode Industrial Group manufactures industrial packaging products. Its products include strapping machines, plastic strapping material, hand tools, strapping machines, steel strapping material, and accessories. The company offers strap, stretch, and protective packaging consumables, tools, and equipment. It caters to dairy, appliance, electronics, lumber and panel, paper, pharmaceutical, and transportation industries.

Segmentation Overview:

Among different product types, Polypropylene segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Industrial Logistics & Warehouse segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Strapping Materials market covered in Chapter 3:

Signor Polymers Pvt. Ltd. Company Profiles
Strapack Corporation Company Profiles
Milan Ligocki UNIPACK Company Profiles
Cyklop International Company Profiles
Signode Industrial Group Company Profiles
Tesa SE Company Profiles
Polychem Corporation Company Profiles
The 3M Company Profiles
Nitto Denko Corporation Company Profiles
Mosca GmbH Company Profiles
Teufelberger Company Profiles
Dynaric, Inc. Company Profiles
Titan Umreifungstechnik GmbH & Co. KG Company Profiles
Shurtape Technologies Company Profiles

In Chapter 4 and Chapter 14.2, on the basis of types, the Strapping Materials market from 2018 to 2029 is primarily split into:

Steel
Polypropylene
Polyester
Nylon
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Strapping Materials market from 2018 to 2029 covers:

Food & beverage
Industrial logistics
Consumer electronics
Building & construction
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)