Steel Strapping Market By Tensile Strength (Regular Duty Steel Strapping, High-Tensile Steel Strapping, Oscillated Steel Strapping), Application (Shipping and Logistics, Construction, Manufacturing, Metal Industry, Paper and Printing, Automotive), & Region for 2024-2031
Report ID: 316154|No. of Pages: 202
Steel Strapping Market By Tensile Strength (Regular Duty Steel Strapping, High-Tensile Steel Strapping, Oscillated Steel Strapping), Application (Shipping and Logistics, Construction, Manufacturing, Metal Industry, Paper and Printing, Automotive), & Region for 2024-2031
Steel Strapping Market Valuation – 2024-2031
The expansion of the construction and infrastructure sectors, where steel strapping is essential for securing heavy loads and reinforcing materials during transport and storage, is driving the growth of the steel strapping market. The steel strapping size is estimated at USD 291.32 Million in 2024 and is expected to reach USD 459.09 Million by 2031.
The rise in e-commerce and global trade, which increases the demand for reliable packaging solutions to protect goods during transit enabling the market to grow at a CAGR of 5.85% from 2024 to 2031.
Steel Strapping Market: Definition/ Overview
Steel strapping is a type of strapping material made from steel, primarily utilized for bundling and securing heavy or large items during transport and storage. Known for its high tensile strength and minimal stretch, steel strapping is ideal for stabilizing loads that are too heavy or rigid for other materials like plastic strapping. It is commonly employed in various applications, including securing items on pallets, reinforcing wooden crates, and bundling construction materials or heavy industrial products.
Steel strapping comes in different types and grades, such as regular duty, high tensile, heat- treated, stainless steel, and galvanized options, each suited for specific needs based on factors like load weight and environmental conditions. Its robustness ensures that goods remain stable and undamaged throughout their journey, making it a preferred choice in industries where safety and security are paramount.
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How do Technological Advancements in Manufacturing Processes and Materials Influence the Cost-Effectiveness of Steel Strapping Products?
Technological advancements in manufacturing processes and materials are significantly influencing the cost-effectiveness of steel strapping products. Improved production techniques, such as continuous manufacturing processes, have been developed to enhance the quality and reduce the costs associated with steel strapping. For example, a new method that utilizes scrap steel has been shown to yield substantial savings, with potential electricity savings of approximately 13.2 million kWh per year for a production line capable of producing 35,000 tons of strapping. This innovation allows for higher tensile strength, enabling thinner strapping to be used without compromising performance, which further reduces material costs. Such advancements not only improve efficiency but also align with governmental initiatives aimed at promoting sustainability within the industry. The integration of energy-efficient technologies and recycling processes in manufacturing is being encouraged by various government regulations, contributing to both lower production costs and enhanced environmental compliance.
What are the Primary Cost-Related Challenges that Steel Strapping Manufacturers Face Due to Fluctuating Raw Material Prices?
The primary cost-related challenges faced by steel strapping manufacturers due to fluctuating raw material prices are significantly affecting their operational efficiency and profitability. As the prices of steel, which is the primary raw material for strapping production, experience volatility, manufacturers are often compelled to adjust their pricing strategies to maintain profit margins. Government statistics indicate that steel prices have fluctuated by as much as 20% over the past few years, creating uncertainty in production costs and complicating budget planning for manufacturers. This instability can lead to increased production costs, making it difficult for manufacturers to compete with alternative packaging materials that may offer more stable pricing.
Additionally, the high cost of steel strapping compared to other packaging options has been identified as a major restraint on market adoption, limiting the ability of manufacturers to expand their customer base. Consequently, the need for effective cost management strategies has become critical as manufacturers navigate these challenges while striving to meet market demands.
Category-Wise Acumens
How has the Increasing Demand for Secure Packaging in Sectors Such as Shipping, Logistics Driven the Growth of High-Tensile Steel Strapping in the Market?
The increasing demand for secure packaging in sectors such as shipping and logistics is significantly driving the growth of high-tensile steel strapping in the market. As companies strive to ensure the safety and integrity of goods during transit, high-tensile steel strapping is increasingly preferred due to its superior strength and durability, which are essential for securing heavy loads. Government statistics indicate that the logistics sector in North America generated over $1 trillion in revenue in 2022, highlighting the critical role of effective packaging solutions in this rapidly expanding industry.
Moreover, with e-commerce sales projected to reach approximately $6.4 trillion by 2024, the necessity for robust packaging materials has become more pronounced. High-tensile steel strapping is particularly valued for its ability to withstand the rigors of transportation, thus
meeting stringent safety regulations and enhancing overall supply chain efficiency. As a result, manufacturers are responding to this heightened demand by increasing production capacity and investing in advanced technologies to improve the performance and cost- effectiveness of high-tensile steel strapping solutions.
How does the High Demand for Steel Strapping in Securing Heavy Construction Materials Contribute to the Sector’s Dominance in the Market?
The high demand for steel strapping in securing heavy construction materials significantly contributes to the sector’s dominance in the market. As construction projects increasingly require reliable solutions for bundling and transporting heavy loads, steel strapping is preferred for its exceptional strength and durability. Government statistics indicate that the construction industry in Northern Ireland grew by 6.5% from Q1 2022 to Q1 2023, highlighting the expanding need for effective packaging solutions within this sector. Steel strapping is particularly valued for its ability to secure materials such as concrete and steel beams, which are often exposed to rough handling during transportation.
Furthermore, ongoing urbanization and substantial government investments in infrastructure projects are driving the demand for steel strapping in construction applications, with government spending on infrastructure projected to reach approximately USD 1.5 Trillion by 2025 in the United States. This trend reinforces the critical role of steel strapping in ensuring safe and efficient transport of heavy construction materials.
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Country/Region-wise Acumens
How does the Expansion of Infrastructure Projects in Countries like China and India Drive the Steel Strapping Market in the Region?
The expansion of infrastructure projects in countries like China and India is driving the steel strapping market significantly. As these nations invest heavily in infrastructure development, the demand for secure packaging solutions to transport heavy construction materials is increasing. Government statistics indicate that India’s infrastructure spending is projected to reach approximately USD 1.5 Trillion by 2025, while China continues to implement its Belt and Road Initiative, which aims to enhance connectivity and trade across Asia and beyond. This substantial investment in infrastructure necessitates the use of high-quality materials for securing loads, with steel strapping being favored for its strength and reliability.
Additionally, the construction industry in India has been growing at a rate of 6.5% from Q1 2022 to Q1 2023, further emphasizing the critical role of steel strapping in ensuring the safe transport of heavy materials. As a result, the reliance on steel strapping is expected to continue rising, reinforcing its importance in supporting infrastructure projects across the region.
How does the Strong Presence of the Automotive and Construction Industries in North America Fuel the Demand for Steel Strapping?
The strong presence of the automotive and construction industries in North America significantly fuels the demand for steel strapping. As these sectors expand, the need for secure packaging solutions to transport heavy materials and components is increasingly recognized. Government statistics indicate that the construction industry in the United States is projected to receive approximately USD 1.2 Trillion in funding from the Infrastructure Investment and Jobs Act, which emphasizes the critical role of secure packaging in supporting infrastructure projects. In parallel, the automotive industry, which contributes about 3% to the U.S. GDP, relies heavily on steel strapping for securing parts and components during manufacturing and shipping processes.
Additionally, employment in motor vehicle and parts manufacturing reached over 1 million in 2023, further highlighting the industry’s reliance on effective packaging solutions. Consequently, as both industries continue to grow, the demand for high-quality steel strapping is expected to rise, reinforcing its importance in ensuring safe and efficient operations.
Competitive Landscape
The competitive landscape of the steel strapping market is characterized by several key players who dominate through strategic initiatives and product innovations. The market is further stimulated by trends such as the increasing emphasis on sustainable packaging solutions, with steel strapping being recognized for its recyclability and durability.
Some of the prominent players operating in the steel strapping market include:
- SMC Group (Shanghai Metal Corporation)
- ArcelorMittal
- FROMM
- American Strapping Company
- Walzen Strips Ltd.
- BAND-N-GO,
- Empire Group India
- Signode, Samuel
- Son & Co.
- J. Maillis Group
- Specta Interpak
- Kohan Kogyo , Ltd.
- GREENBRIDGE
- LINDER GmbH
Latest Developments
- In March 2024, ArcelorMittal A. acquired a 28.4% stake in Vallourec S.A. for €955 million (USD 1.038 Billion). This acquisition aims to enhance ArcelorMittal’s presence in the value-added tubular market, which is relevant for steel strapping applications.
- In October 2023, Signode, a leading global provider of packaging equipment and consumables, acquires Titan Strapping, a prominent North American manufacturer of steel strapping and related tools. This move strengthens Signode’s presence in the North American market and expands its product portfolio in the high-tensile strapping
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of 5.85% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Million |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Players | SMC Group (Shanghai Metal Corporation), ArcelorMittal, FROMM, American Strapping Company, Walzen Strips Ltd., BAND-N-GO,, Empire Group India, Signode, Samuel, Son & Co., J. Maillis Group, Specta Interpak, Kohan Kogyo , Ltd., GREENBRIDGE, LINDER GmbH |
| Customization | Report customization along with purchase available upon request |
Steel Strapping Market, By Category
Material Type:
- Regular Duty Steel Strapping
- High-tensile Steel Strapping
- Oscillated Steel Strapping
Application:
- Shipping and Logistics
- Construction
- Manufacturing
- Metal Industry
- Paper and Printing
- Automotive
- Others
Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Frequently Asked Questions
TABLE OF CONTENTS
1 INTRODUCTION
1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
2.1 DATA MINING
2.1.1 SECONDARY RESEARCH
2.1.2 PRIMARY RESEARCH
2.1.3 SUBJECT MATTER EXPERT ADVICE
2.1.4 QUALITY CHECK
2.1.5 FINAL REVIEW
2.2 DATA TRIANGULATION
2.3 BOTTOM-UP APPROACH
2.4 TOP-DOWN APPROACH
2.5 RESEARCH FLOW
2.6 DATA SOURCES
3 EXECUTIVE SUMMARY
3.1 GLOBAL STEEL STRAPPING MARKET OVERVIEW
3.2 GLOBAL STEEL STRAPPING ECOLOGY MAPPING
3.3 GLOBAL STEEL STRAPPING ABSOLUTE MARKET OPPORTUNITY
3.4 GLOBAL STEEL STRAPPING MARKET ATTRACTIVENESS
3.5 GLOBAL STEEL STRAPPING MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.6 GLOBAL STEEL STRAPPING MARKET, BY TENSILE STRENGTH (USD MILLION)
3.7 GLOBAL STEEL STRAPPING MARKET, BY TYPE (USD MILLION)
3.8 GLOBAL STEEL STRAPPING MARKET, BY APPLICATION (USD MILLION)
3.9 FUTURE MARKET OPPORTUNITIES
3.10 GLOBAL MARKET SPLIT
3.11 PRODUCT LIFELINE
4 MARKET OUTLOOK
4.1 GLOBAL STEEL STRAPPING MARKET EVOLUTION
4.2 GLOBAL STEEL STRAPPING MARKET OUTLOOK
4.3 MARKET DRIVERS
4.3.1 THE STEEL STRAPPING MARKET IS STRONGLY INFLUENCED BY THE EXPANSION OF THE NUMBER OF END-USE INDUSTRIES.
4.3.2 GLOBALIZATION OF MARKETS AND EXPANDING INTERNATIONAL TRADE WITH EMERGING SCOPES HAS FUELED THE MARKET EXTENSIVELY.
4.4 MARKET RESTRAINTS
4.4.1 HIGH-COST OF STEEL STRAPPING HAS BECOME THE MAJOR RESTRAINT TO THE OVERALL MARKET, BEING MORE EXPENSIVE THAN OTHER PACKAGING MATERIALS THE ADOPTION HAS BECOME DIFFICULT.
4.4.2 INDUSTRIES ARE MOVING TOWARDS SUSTAINABLE PACKAGING MATERIALS POSING ANOTHER HUGE RESTRAINT TO THE STEEL STRAPPING MARKET.
4.5 MARKET OPPORTUNITIES
4.5.1 SUSTAINABLE PACKAGING MATERIALS IN THE EMERGING MARKET HAVE PROVIDED A BOOST TO STEEL STRAPPING MATERIALS GIVING AN OPPORTUNITY FOR MANUFACTURERS TO EXPAND THEIR BASES
4.5.2 THE INCREASE IN DEMAND FOR STEEL STRAPPING IN THE CONSTRUCTION INDUSTRY HAS SHOWN EXCEPTIONAL POTENTIAL AND PROVIDED FUTURISTIC OPPORTUNITIES TO THE OVERALL MARKET
4.6 IMPACT OF COVID-19 ON THE GLOBAL STEEL STRAPPING MARKET
4.7 PORTER’S FIVE FORCES ANALYSIS
4.7.1 THREAT OF NEW ENTRANTS
4.7.2 THREAT OF SUBSTITUTES
4.7.3 BARGAINING POWER OF SUPPLIERS
4.7.4 BARGAINING POWER OF BUYERS
4.7.5 INTENSITY OF COMPETITIVE RIVALRY
4.8 VALUE CHAIN ANALYSIS
4.8.1 PROPORTION OF MANUFACTURING COST STRUCTURE
4.8.1.1 RAW MATERIALS
4.8.1.2 LABOR COST
4.8.1.3 MANUFACTURING EXPENSES AND MISCELLANEOUS EXPENSES
4.8.1.4 MANUFACTURING COST OF STEEL STRAPPING
4.9 PRICING ANALYSIS
4.10 MACROECONOMIC ANALYSIS
5 MARKET, BY TENSILE STRENGTH
5.1 OVERVIEW
5.2 REGULAR DUTY
5.3 HIGH TENSILE
6 MARKET, BY TYPE
6.1 OVERVIEW
6.2 BLUE-TEMPERED STEEL STRAPPING
6.3 PAINT-COATED STEEL STRAPPING
6.4 GALVANIZED STEEL STRAPPING
6.5 OTHERS
7 MARKET, BY APPLICATION
7.1 OVERVIEW
7.2 METAL INDUSTRY
7.3 PAPER INDUSTRY
7.4 GLASS INDUSTRY
7.5 BUILDING INDUSTRY
7.6 OTHERS
8 MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 U.S.
8.2.2 CANADA
8.2.3 MEXICO
8.3 EUROPE
8.3.1 GERMANY
8.3.2 FRANCE
8.3.3 UK
8.3.4 ITALY
8.3.5 SPAIN
8.3.6 REST OF EUROPE
8.4 ASIA PACIFIC
8.4.1 CHINA
8.4.2 INDIA
8.4.3 JAPAN
8.4.4 REST OF ASIA PACIFIC
8.5 MIDDLE EAST AND AFRICA
8.5.1 UAE
8.5.2 SAUDI ARABIA
8.5.3 SOUTH AFRICA
8.5.4 REST OF MIDDLE EAST AND AFRICA
8.6 LATIN AMERICA
8.6.1 BRAZIL
8.6.2 ARGENTINA
8.6.3 REST OF LATIN AMERICA
9 COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING ANALYSIS
9.3 COMPANY REGIONAL FOOTPRINT
9.4 COMPANY INDUSTRY FOOTPRINT
9.5 ACE MATRIX
9.5.1 ACTIVE
9.5.2 CUTTING EDGE
9.5.3 EMERGING
9.5.4 INNOVATORS
10 COMPANY PROFILES
10.1 SMC GROUP (SHANGHAI METAL CORPORATION)
10.1.1 COMPANY OVERVIEW
10.1.2 COMPANY INSIGHTS
10.1.3 PRODUCT BENCHMARKING
10.2 ARCELORMITTAL
10.2.1 COMPANY OVERVIEW
10.2.2 COMPANY INSIGHTS
10.2.3 BUSINESS INSIGHTS
10.2.4 PRODUCT BENCHMARKING
10.2.5 KEY DEVELOPMENTS
10.2.6 WINNING IMPERATIVES
10.2.7 CURRENT FOCUS & STRATEGIES
10.2.8 THREAT FROM COMPETITION
10.2.9 SWOT ANALYSIS
10.3 FROMM
10.3.1 COMPANY OVERVIEW
10.3.2 COMPANY INSIGHTS
10.3.3 PRODUCT BENCHMARKING
10.3.4 KEY DEVELOPMENTS
10.4 AMERICAN STRAPPING COMPANY
10.4.1 COMPANY OVERVIEW
10.4.2 COMPANY INSIGHTS
10.4.3 PRODUCT BENCHMARKING
10.5 WALZEN STRIPS PVT. LTD.
10.5.1 COMPANY OVERVIEW
10.5.2 COMPANY INSIGHTS
10.5.3 PRODUCT BENCHMARKING
10.6 BAND-N-GO INC.
10.6.1 COMPANY OVERVIEW
10.6.2 COMPANY INSIGHTS
10.6.3 PRODUCT BENCHMARKING
10.7 EMPIRE GROUP INDIA
10.7.1 COMPANY OVERVIEW
10.7.2 COMPANY INSIGHTS
10.7.3 PRODUCT BENCHMARKING
10.8 SIGNODE
10.8.1 COMPANY OVERVIEW
10.8.2 COMPANY INSIGHTS
10.8.3 PRODUCT BENCHMARKING
10.8.4 WINNING IMPERATIVES
10.8.5 CURRENT FOCUS & STRATEGIES
10.8.6 THREAT FROM COMPETITION
10.8.7 SWOT ANALYSIS
10.9 SAMUEL, SON & CO
10.9.1 COMPANY OVERVIEW
10.9.2 COMPANY INSIGHTS
10.9.3 PRODUCT BENCHMARKING
10.9.4 KEY DEVELOPMENTS
10.9.5 WINNING IMPERATIVES
10.9.6 CURRENT FOCUS & STRATEGIES
10.9.7 THREAT FROM COMPETITION
10.9.8 SWOT ANALYSIS
10.10 M.J. MAILLIS GROUP
10.10.1 COMPANY OVERVIEW
10.10.2 COMPANY INSIGHTS
10.10.3 PRODUCT BENCHMARKING
10.11 SPECTA INTERPAK
10.11.1 COMPANY OVERVIEW
10.11.2 COMPANY INSIGHTS
10.11.3 PRODUCT BENCHMARKING
10.12 KOHAN KOGYO CO., LTD
10.12.1 COMPANY OVERVIEW
10.12.2 COMPANY INSIGHTS
10.12.3 PRODUCT BENCHMARKING
10.13 GREENBRIDGE
10.13.1 COMPANY OVERVIEW
10.13.2 COMPANY INSIGHTS
10.13.3 PRODUCT BENCHMARKING
10.14 LINDER GMBH
10.14.1 COMPANY OVERVIEW
10.14.2 COMPANY INSIGHTS
10.14.3 PRODUCT BENCHMARKING
LIST OF TABLES
TABLE 1 AVERAGE GLOBAL PRICES OF STEEL STRAPPING (IN USD, PER LINEAR FOOT)
TABLE 2 PROJECTED REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE) OF KEY COUNTRIES
TABLE 3 GLOBAL STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 4 GLOBAL STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 5 GLOBAL STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 6 GLOBAL STEEL STRAPPING MARKET, BY GEOGRAPHY, 2022 – 2030 (USD MILLION)
TABLE 7 NORTH AMERICA STEEL STRAPPING MARKET, BY COUNTRY, 2022 – 2030 (USD MILLION)
TABLE 8 NORTH AMERICA STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 9 NORTH AMERICA STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 10 NORTH AMERICA STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 11 U.S. STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 12 U.S. STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 13 U.S. STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 14 CANADA STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 15 CANADA STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 16 CANADA STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 17 MEXICO STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 18 MEXICO STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 19 MEXICO STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 20 EUROPE STEEL STRAPPING MARKET, BY COUNTRY, 2022 – 2030 (USD MILLION)
TABLE 21 EUROPE STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 22 EUROPE STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 23 EUROPE STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 24 GERMANY STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 25 GERMANY STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 26 GERMANY STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 27 FRANCE STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 28 FRANCE STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 29 FRANCE STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 30 UK STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 31 UK STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 32 UK STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 33 ITALY STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 34 ITALY STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 35 ITALY STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 36 SPAIN STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 37 SPAIN STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 38 SPAIN STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 39 REST OF EUROPE STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 40 REST OF EUROPE STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 41 REST OF EUROPE STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 42 ASIA PACIFIC STEEL STRAPPING MARKET, BY COUNTRY, 2022 – 2030 (USD MILLION)
TABLE 43 ASIA PACIFIC STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 44 ASIA PACIFIC STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 45 ASIA PACIFIC STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 46 CHINA STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 47 CHINA STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 48 CHINA STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 49 INDIA STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 50 INDIA STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 51 INDIA STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 52 JAPAN STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 53 JAPAN STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 54 JAPAN STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 55 REST OF ASIA PACIFIC STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 56 REST OF ASIA PACIFIC STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 57 REST OF ASIA PACIFIC STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 58 MIDDLE EAST AND AFRICA STEEL STRAPPING MARKET, BY COUNTRY, 2022 – 2030 (USD MILLION)
TABLE 59 MIDDLE EAST AND AFRICA STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 60 MIDDLE EAST AND AFRICA STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 61 MIDDLE EAST AND AFRICA STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 62 UAE STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 63 UAE STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 64 UAE STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 65 SAUDI ARABIA STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 66 SAUDI ARABIA STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 67 SAUDI ARABIA STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 68 SOUTH AFRICA STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 69 SOUTH AFRICA STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 70 SOUTH AFRICA STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 71 REST OF MIDDLE EAST AND AFRICA STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 72 REST OF MIDDLE EAST AND AFRICA STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 73 REST OF MIDDLE EAST AND AFRICA STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 74 LATIN AMERICA STEEL STRAPPING MARKET, BY COUNTRY, 2022 – 2030 (USD MILLION)
TABLE 75 LATIN AMERICA STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 76 LATIN AMERICA STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 77 LATIN AMERICA STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 78 BRAZIL STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 79 BRAZIL STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 80 BRAZIL STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 81 ARGENTINA STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 82 ARGENTINA STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 83 ARGENTINA STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 84 REST OF LATIN AMERICA STEEL STRAPPING MARKET, BY TENSILE STRENGTH, 2022 – 2030 (USD MILLION)
TABLE 85 REST OF LATIN AMERICA STEEL STRAPPING MARKET, BY TYPE, 2022 – 2030 (USD MILLION)
TABLE 86 REST OF LATIN AMERICA STEEL STRAPPING MARKET, BY APPLICATION, 2022 – 2030 (USD MILLION)
TABLE 87 COMPANY MARKET RANKING ANALYSIS
TABLE 88 COMPANY REGIONAL FOOTPRINT
TABLE 89 COMPANY INDUSTRY FOOTPRINT
TABLE 90 SMC GROUP (SHANGHAI METAL CORPORATION): PRODUCT BENCHMARKING
TABLE 91 ARCELORMITTAL: PRODUCT BENCHMARKING
TABLE 92 ARCELORMITTAL: KEY DEVELOPMENTS
TABLE 93 ARCELORMITTAL: WINNING IMPERATIVES
TABLE 94 FROMM: PRODUCT BENCHMARKING
TABLE 95 FROMM: KEY DEVELOPMENTS
TABLE 96 AMERICAN STRAPPING COMPANY: PRODUCT BENCHMARKING
TABLE 97 WALZEN STRIPS PVT. LTD.: PRODUCT BENCHMARKING
TABLE 98 BAND-N-GO INC.: PRODUCT BENCHMARKING
TABLE 99 EMPIRE GROUP INDIA: PRODUCT BENCHMARKING
TABLE 100 SIGNODE: PRODUCT BENCHMARKING
TABLE 101 SIGNODE: WINNING IMPERATIVES
TABLE 102 SAMUEL, SON & CO: PRODUCT BENCHMARKING
TABLE 103 SAMUEL, SON & CO: KEY DEVELOPMENTS
TABLE 104 SAMUEL, SON & CO: WINNING IMPERATIVES
TABLE 105 M.J. MAILLIS GROUP: PRODUCT BENCHMARKING
TABLE 106 SPECTA INTERPAK: PRODUCT BENCHMARKING
TABLE 107 KOHAN KOGYO CO., LTD: PRODUCT BENCHMARKING
TABLE 108 GREENBRIDGE: PRODUCT BENCHMARKING
TABLE 109 LINDER GMBH: PRODUCT BENCHMARKING
LIST OF FIGURES
FIGURE 1 STEEL STRAPPING
FIGURE 2 GLOBAL STEEL STRAPPING MARKET SEGMENTATION
FIGURE 3 RESEARCH TIMELINES
FIGURE 4 DATA TRIANGULATION
FIGURE 5 MARKET RESEARCH FLOW
FIGURE 6 DATA SOURCES
FIGURE 7 GLOBAL STEEL STRAPPING ECOLOGY MAPPING
FIGURE 8 GLOBAL STEEL STRAPPING ABSOLUTE MARKET OPPORTUNITY
FIGURE 9 GLOBAL STEEL STRAPPING MARKET ATTRACTIVENESS
FIGURE 10 GLOBAL STEEL STRAPPING MARKET GEOGRAPHICAL ANALYSIS, 2023-2030
FIGURE 11 GLOBAL STEEL STRAPPING MARKET, BY TENSILE STRENGTH (USD MILLION)
FIGURE 12 GLOBAL STEEL STRAPPING MARKET, BY TYPE (USD MILLION)
FIGURE 13 GLOBAL STEEL STRAPPING MARKET, BY APPLICATION (USD MILLION)
FIGURE 14 FUTURE MARKET OPPORTUNITIES
FIGURE 15 ASIA PACIFIC DOMINATED THE MARKET IN 2022
FIGURE 16 PRODUCT LIFE LINE
FIGURE 17 GLOBAL STEEL STRAPPING MARKET OUTLOOK
FIGURE 18 DISRUPTION ACROSS THE GLOBE DUE TO COVID-19 PANDEMIC
FIGURE 19 PORTER’S FIVE FORCES ANALYSIS
FIGURE 20 VALUE CHAIN ANALYSIS
FIGURE 21 MANUFACTURING COST STRUCTURE OF STEEL STRAPPING
FIGURE 22 GLOBAL STEEL STRAPPING MARKET, BY TENSILE STRENGTH
FIGURE 23 GLOBAL STEEL STRAPPING MARKET, BY TYPE
FIGURE 24 GLOBAL STEEL STRAPPING MARKET, BY APPLICATION
FIGURE 25 EXPORTS OF SEMI-FINISHED AND FINISHED STEEL PRODUCTS (THOUSAND TONNES)
FIGURE 26 GLOBAL STEEL STRAPPING MARKET, BY GEOGRAPHY, 2022 – 2030 (USD MILLION)
FIGURE 27 NORTH AMERICA MARKET SNAPSHOT
FIGURE 28 U.S. MARKET SNAPSHOT
FIGURE 29 CANADA MARKET SNAPSHOT
FIGURE 30 MEXICO MARKET SNAPSHOT
FIGURE 31 EUROPE MARKET SNAPSHOT
FIGURE 32 GERMANY MARKET SNAPSHOT
FIGURE 33 FRANCE MARKET SNAPSHOT
FIGURE 34 UK MARKET SNAPSHOT
FIGURE 35 ITALY MARKET SNAPSHOT
FIGURE 36 SPAIN MARKET SNAPSHOT
FIGURE 37 REST OF EUROPE MARKET SNAPSHOT
FIGURE 38 ASIA PACIFIC MARKET SNAPSHOT
FIGURE 39 CHINA MARKET SNAPSHOT
FIGURE 40 INDIA MARKET SNAPSHOT
FIGURE 41 JAPAN MARKET SNAPSHOT
FIGURE 42 REST OF ASIA PACIFIC MARKET SNAPSHOT
FIGURE 43 MIDDLE EAST AND AFRICA MARKET SNAPSHOT
FIGURE 44 UAE MARKET SNAPSHOT
FIGURE 45 SAUDI ARABIA MARKET SNAPSHOT
FIGURE 46 SOUTH AFRICA MARKET SNAPSHOT
FIGURE 47 REST OF MIDDLE EAST AND AFRICA MARKET SNAPSHOT
FIGURE 48 LATIN AMERICA MARKET SNAPSHOT
FIGURE 49 BRAZIL MARKET SNAPSHOT
FIGURE 50 ARGENTINA MARKET SNAPSHOT
FIGURE 51 REST OF LATIN AMERICA MARKET SNAPSHOT
FIGURE 52 ACE MATRIX
FIGURE 53 SMC GROUP (SHANGHAI METAL CORPORATION): COMPANY INSIGHT
FIGURE 54 ARCELORMITTAL: COMPANY INSIGHT
FIGURE 57 FROMM: COMPANY INSIGHT
FIGURE 58 AMERICAN STRAPPING COMPANY: COMPANY INSIGHT
FIGURE 59 WALZEN STRIPS PVT. LTD.: COMPANY INSIGHT
FIGURE 60 BAND-N-GO INC.: COMPANY INSIGHT
FIGURE 61 EMPIRE GROUP INDIA: COMPANY INSIGHT
FIGURE 62 SIGNODE: COMPANY INSIGHT
FIGURE 63 SIGNODE: SWOT ANALYSIS
FIGURE 64 SAMUEL, SON & CO: COMPANY INSIGHT
FIGURE 65 SAMUEL, SON & CO: SWOT ANALYSIS
FIGURE 66 M.J. MAILLIS GROUP: COMPANY INSIGHT
FIGURE 67 SPECTA INTERPAK: COMPANY INSIGHT
FIGURE 68 KOHAN KOGYO CO., LTD: COMPANY INSIGHT
FIGURE 69 GREENBRIDGE: COMPANY INSIGHT
FIGURE 70 LINDER GMBH: COMPANY INSIGHT
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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