According to a new report, published by KBV research, The Global Strapping Materials Market size is expected to reach $8.9 billion by 2030, rising at a market growth of 4.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 5,102.5 Kilo Tonnes experiencing a growth of 4.3% (2019-2022).
The Polypropylene (PP) segment led the Global Strapping Materials Market by Product in 2022; thereby, achieving a market value of $3.9 Billion by 2030. Polypropylene offers exceptional strength and durability, perfect for securing heavy loads during transportation and storage. In addition, its cost-effectiveness compared to alternative materials appeals to organizations seeking to belt economical and durable solutions. Moreover, the lightweight of polypropylene decreases shipping expenses and increases overall productivity. Polypropylene strapping is available in different colors, allowing for easy identification and organization of bundled products. Color coding can be particularly useful in warehouse and logistics settings.
The Industrial Logistics & Warehouse segment is growing at a CAGR of 3.2 % during the forecast period. Strapping materials, such as polyester or polypropylene straps, are commonly used to secure pallet loads. This prevents items from shifting or falling during warehouse transportation or transit to distribution centers. It ensures pallet stability and reduces the risk of damage to products. Warehouses dealing with oversized or irregularly shaped items use strapping materials to bundle and secure these goods. This is common in industries such as manufacturing, where large components must be transported or stored safely.
The Asia Pacific region dominated the Global Strapping Materials Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.4 Billion by 2030. The Europe region is anticipated to grow at a CAGR of 3.8% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 4.5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/strapping-materials-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cyklop GmbH, UNIPACK Pte Ltd., Mosca GmbH, Burlan Manufacturing LLC, Greenbridge (The Sterling Group, L.P.), Signode Industrial Group LLC (Crown Holdings Inc.), StraPack, Corp., TITAN Umreifungstechnik GmbH & Co. KG (PW Lenzen GmbH & Co. KG), 3M Company and Samuel, Son & Co., Ltd.
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
