Steel Strapping Market Report 2026

The steel strapping market size has grown strongly in recent years. It will grow from $1.26 billion in 2025 to $1.37 billion in 2026 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to growth in metal and paper packaging industries, rising demand from glass and building sectors, expansion of transportation and logistics activities, adoption of blue-tempered and galvanized strapping, conventional supply chain requirements for securing goods.

The steel strapping market size is expected to see strong growth in the next few years. It will grow to $1.82 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to rising e-commerce and industrial shipments, increasing demand for high-strength and coated steel strapping, growth in automated packaging lines, expansion of global logistics and warehousing, adoption of sustainable and eco-friendly strapping solutions. Major trends in the forecast period include increasing adoption of high-tensile steel strapping for heavy loads, integration of automation and robotics in strapping operations, rising focus on coated and corrosion-resistant steel strapping, implementation of smart packaging and inventory management, growing use of steel strapping in large-scale industrial applications.

The steel strapping market is poised for growth, driven by the robust expansion in the construction and infrastructure sectors. The construction sector involves the planning, design, and construction of structures, while the infrastructure sector encompasses the development and maintenance of critical systems such as transportation and utilities. The strong growth in these sectors is fueled by factors such as urbanization, government investments in public projects, and the need for modernizing existing infrastructure. Steel strapping plays a crucial role in these sectors, used for securing heavy loads, reinforcing concrete structures, and bundling materials for transportation and storage. For example, data from the Northern Ireland Statistics and Research Agency shows a 6.5% expansion in the overall construction industry in the first quarter of 2023 compared to 2022, with significant growth in the housing and infrastructure subsectors. This growth trend is propelling the steel strapping market forward.

Key players in the steel strapping market are concentrating on developing production units that integrate energy-efficient technologies, such as eco-friendly production lines, to improve efficiency and meet rising demand. These eco-friendly production lines incorporate recycling processes, advanced coatings, and energy-efficient technologies to reduce environmental impact and promote sustainability. For instance, Krishca Strapping Solutions Ltd. recently introduced a state-of-the-art strapping production line at its facility in India. This new line aims to boost operational efficiency and production capacity, with a focus on eco-friendly elements to address environmental concerns and meet industry demands. This development underscores Krishca Strapping's commitment to sustainability and meeting customer preferences in the packaging sector.

In March 2024, ArcelorMittal S.A. acquired a 28.4% stake in Vallourec S.A. for €955 million ($1038 million), as part of its strategy to enhance its presence in the downstream, value-added tubular market. Vallourec S.A. is a France-based provider of steel strapping, aligning with ArcelorMittal's goal of expanding its capabilities in this segment.

Major companies operating in the steel strapping market report are ArcelorMittal S.A., Shandong Baosteel Industry Co. Ltd., Fastenal Company, Samuel, Son & Co. Inc., Nisshinbo Holdings Inc., Signode, Yodogawa Steel Works Ltd., M.J. Maillis Group, Bhushan Power & Steel, Shanghai Metal Corporation, Fromm Holding, Empire Group, Walzen Strips Pvt. Ltd., Pacific Strapping Inc, American Strapping Company, Kohan Kogyo Co. Ltd., Acme Steel Co., AnShan FaLan Co. Ltd., Tianjin Hongmei Steel Strips Co. Ltd., Midfield Industries Ltd, Ensho Steel Strapping Co Ltd, Linder Strapping.

Asia-Pacific was the largest region in the steel strapping market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the steel strapping market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the steel strapping market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The steel strapping market consists of sales of specialty steel strapping, stainless steel strapping, and zinc coated steel strapping. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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