Composite Strapping Market: An Overview

Strapping is used for bundling or unitizing products for transportation and storage. Plastic strapping materials are made up of polyester, polypropylene, or composite (polyester and polypropylene) materials. Strappings made out of composite materials possess characteristics of both materials, which gives them exceptional breaking strength, elasticity, and tensile strength. Composite strapping is a strapping method, known for its durable yet non-abrasive nature. It is manufactured from polyester yarns and coated with polymer coatings. Among all non-metal strappings, composite strapping is one of the most preferred alternative owing to its high retained tension. Composite strapping is used for holding bales, reinforcing wooden boxes, crates, and corrugated boxes and bundling pipe, lumber, bricks, etc.

Want to know the obstructions to your company’s growth in future? Request a brochure here

Composite Strapping Market: Dynamics

Composite strapping has gained significant traction in the global market in the past few years. This can be attributed to their ability to provide superior bundling and high load absorbing strength at an economical cost. The flexible nature of composite strapping helps in securing the goods without damaging it. Moreover, it doesn’t stain or rust the package like metal strappings tend to do. All these characteristics are anticipated to fuel the demand for composite strappings in the coming years. Another key feature which sets composite strappings apart is the ease of printing that they offer — this aids in putting product information on the shipping container.

However, many end-use industries still prefer steel strapping as a unitizing application instead of plastic strapping methods owing to its inability to withstand high temperature. Presence of such substitutes might hamper the growth of the composite strapping market during the forecast period.

Looking for exclusive market insights from business experts? Request a Custom Report here

Increasing inter-oceanic trade activities are providing momentum to the global composite strapping market. Overseas trading requires efficient shipping solutions so as to ensure safe transit of the products. High strength offered by composite strapping provides superior impact resistance as shocks & vibrations get settled, which is required for long distance transit. Furthermore, surging demand for effective palletization solutions across various end-use industries is expected to boost the sales of composite strapping during the period of forecast.

Composite Strapping Market: Segmentation

Globally, the composite strapping market has been segmented as width, applications and end-use industries.

On the basis of width, the global composite strapping market has been segmented as follows

  • Below 10 mm
  • 10 mm – 20 mm
  • 20 mm – 30 mm
  • 30 mm and above

On the basis of applications, the global composite strapping market has been segmented as follows

  • Boxes
  • Shipping Containers
  • Crates
  • Pallets
  • Others

On the basis of end-use industries, the global composite strapping market has been segmented as follows

  • Consumer electronics
  • Building & Construction
  • Food & Beverages
  • Automotive
  • Textile
  • Transportation & Logistics
  • Chemical & Fertilizers
  • Other Industrial

Composite Strapping Market: Regional Outlook

Geographically, the global composite strapping market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Middle East, and Africa (MEA) and Japan. Most of the tier 1 manufacturers of composite strapping are based out of North America or Europe, while several small-scale manufacturers are located in Asia Pacific region. Moreover, APEJ region has a highly competitive market owing to small-scale regional manufacturers and supplier in countries like China & India. Also, demand for composite strapping is also high in these countries owing to rapid infrastructure and industrial growth. Major brands are turning towards Asian countries such as Philippines, Indonesia, and Vietnam due to the availability of low-cost labor and raw materials. Additionally, countries of Latin America have witnessed a positive growth in the past few years; this growth is expected to continue on the backdrop of increased manufacturing & trade activities in the region. Europe is expected to witness steady growth in the global composite strapping market owing to the established logistics services and manufacturing industry in the region.

Composite Strapping Market: Key Players

Some of the key players operating in the global composite strapping market are Cordstrap B.V., PAC Strapping Products, Inc., Polychem Corporation, Signode Industrial Group, Dynaric Inc., Forankra Group, among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Composite Strapping Market

Pre Book