The Americas strapping materials market size is expected to reach USD 3.11 billion by 2030, at a CAGR of 4.0% during the forecast period. Using lightweight plastic strapping results in cost efficiency as it reduces logistical expenses in the food and beverages as well as industrial logistics and warehouse sectors, which is expected to drive the market.
Industries such as pharmaceutical, textile, consumer electronics, and household appliances use strapping materials as a packaging solution. Growth in import and export of goods in these industries is projected to fuel market growth. Demand for strapping as an alternative to packing and palletizing in industrial logistics is expected to rise as it offers secure cargo movement.
The food and beverages industry uses strapping for unitizing products such as glass bottles, cans, and snack boxes. Strapping is increasingly being used as a substitute for wrapping in this industry as it saves cost and time involved in packaging of food items to be shipped.
Strapping materials offer high strength and creep-resistance, which makes them a safe and stable solution for packaging in various application industries. Selection of an appropriate strapping material for packaging is extremely crucial. The importance of timely delivery in e-commerce is fueling demand for superior packaging options such as plastic and steel strapping.
There has been an increase in awareness among buyers regarding benefits of using recycled plastics, which makes it imperative for a business using recycled materials to attract more customers. Use of plastic strapping not only engages the company in sustainable manufacturing practices but also offers economic benefits by lowering the cost of raw material and improving profitability.
Industries such as pharmaceutical, textile, consumer electronics, and household appliances use strapping materials as a packaging solution. Growth in import and export of goods in these industries is projected to fuel market growth. Demand for strapping as an alternative to packing and palletizing in industrial logistics is expected to rise as it offers secure cargo movement.
The food and beverages industry uses strapping for unitizing products such as glass bottles, cans, and snack boxes. Strapping is increasingly being used as a substitute for wrapping in this industry as it saves cost and time involved in packaging of food items to be shipped.
Strapping materials offer high strength and creep-resistance, which makes them a safe and stable solution for packaging in various application industries. Selection of an appropriate strapping material for packaging is extremely crucial. The importance of timely delivery in e-commerce is fueling demand for superior packaging options such as plastic and steel strapping.
There has been an increase in awareness among buyers regarding benefits of using recycled plastics, which makes it imperative for a business using recycled materials to attract more customers. Use of plastic strapping not only engages the company in sustainable manufacturing practices but also offers economic benefits by lowering the cost of raw material and improving profitability.
Americas Strapping Materials Market Report Highlights
- By product, polypropylene (PP) dominated the market and accounted for the largest revenue share of 47.5% in 2024 attributed to its lightweight properties and cost-effectiveness
- The industrial logistics & warehouse application led the market and accounted for the largest revenue share of 26.6% in 2024 attributed to the expansion of e-commerce and the increasing demand for efficient supply chain solutions
- The food & beverage segment is expected to grow at a CAGR of 4.5% over the forecast period, owing to the rising consumption of packaged food products and the need for secure packaging solutions to ensure product safety and integrity
- North America strapping materials market dominated the Americas market and accounted for the largest revenue share of 69.8% in 2024 attributed to innovation, trade agreements, and a diverse economy
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
- Competitive Landscape: Explore the market presence of key players worldwide
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
The leading players in the Americas Strapping Materials market include:
- Cyklop
- UNIPACK
- Mosca GmbH
- Panorama Packaging Pvt. Ltd.
- Plastofine Industries.
- GREENBRIDGE
- Signode Industrial Group LLC
- Signor Polymers Pvt. Ltd.
- StraPack, Corp.
- Titan Umreifungstechnik GmbH & Co. KG
- 3M
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Americas Strapping Materials Market Variables, Trends, & Scope
Chapter 4. Americas Strapping Materials Market: Product Business Analysis
Chapter 5. Americas Strapping Materials Market: Application Business Analysis
Chapter 6. Americas Strapping Materials Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Cyklop
- UNIPACK
- Mosca GmbH
- Panorama Packaging Pvt. Ltd.
- Plastofine Industries.
- GREENBRIDGE
- Signode Industrial Group LLC
- Signor Polymers Pvt. Ltd.
- StraPack, Corp.
- Titan Umreifungstechnik GmbH & Co. KG
- 3M
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 2.41 Billion |
| Forecasted Market Value ( USD | $ 3.11 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Latin America, North America |
| No. of Companies Mentioned | 11 |
