The Strapping Materials Market is to Touch $1.458 Billion by 2030; Advancements in Technology and Research in Microbiome Science and Increasing Awareness and Demand for Health and Wellness Products propels market growth.

The Strapping Materials Market size is estimated to reach $1.458 Billion by 2030, growing at a CAGR of 6.7% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “Strapping Materials Market – By Material (Steel (High Tensile Steel, Stainless Steel, Galvanized (Zinc-Coated) Steel), Polypropylene, Polyester, Nylon 6.6 and Others), By End-User  (Food Packaging (Jersey Beverage cans and bottles, Bakery products, Dairy products,  Frozen food packaging, Food packets), Industrial Logistics and Warehouses, Pulp and paper  (Corrugated boxes, Crates, Wooden boxes, Pulp paper, Paper rolls), Building & Construction and  Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030” Adoption of Cloud Computing and Demand for Advanced Applications and Services are fueling the growth of the Strapping Materials industry during the forecast period.

The Asia-Pacific region is expected to be the largest and fastest-growing market for strapping materials during the forecast period, holding around a 40% share. This growth is driven by significant demand across key industries such as industrial logistics, food and beverage, and consumer electronics in countries like China, India, and South Korea. According to the China Federation of Logistics and Purchasing (CFLP), China's logistics sector saw a 3.9% increase in 2023. Strapping materials are popular due to their affordability, lightweight properties, and versatility in width and thickness, making them ideal for bundling and palletizing. Steel straps, in particular, are widely used for securing metal loads like bars, rods, and coils due to their high break strength. Consequently, the rise in logistics and warehousing activities in the Asia-Pacific region is expected to drive demand for strapping materials.

In the UK, around 45% of plastic waste is recycled annually, driven by growing public awareness of plastic pollution. This increasing awareness is expected to boost demand for recyclable packaging and strapping materials. For example, Signode, a prominent player in the strapping materials market, has introduced a Closed Loop Recycling Program, enabling the company to recycle used polyester strapping to reduce packaging waste and minimize disposal costs. Signode also manufactures Tenax polyester strapping, which is made from recyclable materials and requires 20% less material in production. Consequently, the rising use of recycled plastics in strapping materials is a key driver in the market.

The increasing demand for enhanced logistics operations and warehousing is driving growth in the strapping materials market. This demand is fueled by the rapid expansion of the e-commerce sector, which is growing at a rate three times faster than the overall U.S. retail industry. As e-commerce continues to expand, the transportation and logistics sectors are experiencing significant growth, leading to a rise in the number of warehousing centers. Strapping materials play a critical role in ensuring the secure transport of heavy industrial items and materials, such as wood, paper, metal, and brick, across various locations.

• In March 2023, EAM-Mosca Corp., a subsidiary of Mosca GmbH, has announced a sales and  marketing collaboration with Reisopack S.L. of Spain. Under the terms of the agreement,  EAM-Mosca will serve as the exclusive provider of Reisopack's strapping systems and OEM  parts to customers in the United States, Mexico, Canada, and Brazil.  

• In February 2023, Samuel Son & Co. unveiled the opening of a state-of-the-art 350,000- square-foot Greenfield facility in Mexico, strategically positioned to meet the increasing  demands of its expanding clientele.  

• In December 2022, Signode has introduced a groundbreaking BST battery-powered tool  tailored for seal-less strapping, bolstering load security and stability for heavy-duty tension  needs.

Key companies profiled in the Strapping Materials Market are Crawford Packaging, Technopack Corporation, Strapack Inc., Crown Holdings (Signode), Titan Umreifungstechnik GmbH & Co., Mosca GmbH, Martin Packaging Limited, 3M, Cyklop International, Samuel, Son & Co., Limited and others.