PUBLISHER: QYResearch | PRODUCT CODE: 1866658
PUBLISHER: QYResearch | PRODUCT CODE: 1866658
The global market for Steel Strapping was estimated to be worth US$ 1254 million in 2024 and is forecast to a readjusted size of US$ 1568 million by 2031 with a CAGR of 3.3% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Steel Strapping cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Steel strapping is a type of steel strip specifically used to reinforce, bundle, and secure cargo, packages, or large materials. It is also known as baling strapping, steel strapping, or steel strapping.
Steel strapping is typically made from high-strength carbon structural steel that is cold-rolled and heat-treated. The surface may be bluing (black oxide), galvanized, painted, or coated to enhance corrosion resistance and service life. Its high tensile strength and toughness allow it to withstand the shock, vibration, and compression that can occur during heavy loads and long-distance transportation, ensuring that cargo remains secure and secure.
In 2024, global steel strapping sales volume reached approximately 1.30 million tons, with an average global market price of around US$ 960 per ton.
Global Steel Strapping main players are Signode, Samuel Strapping, Baosteel, Anshan Falan, Yongxin, etc. Global top five manufacturers hold a share about 35%. China is the largest market, with a share about 45%.
The steel strapping market demonstrates strong global growth potential, as steel strapping-manufactured from high-tensile or low-carbon steel with various surface treatments such as bluing, galvanizing, or paint coating-remains an indispensable packaging and load-securing solution for heavy-duty industries where durability, safety, and reliability are paramount, including steel, metals, building materials, lumber, logistics, automotive, machinery, and shipping; the demand is reinforced by rising global trade volumes, infrastructure expansion, and industrial growth in emerging markets, where large, heavy, and irregularly shaped goods must be securely bundled for storage and long-distance transport under harsh conditions that plastic alternatives often cannot withstand; steel strapping provides unmatched tensile strength, resistance to UV radiation and temperature extremes, and long-term load stability, making it especially critical in securing steel coils, rebar, pipes, heavy machinery, lumber stacks, and stone slabs, thus ensuring both cargo safety and compliance with international shipping standards; furthermore, the ability to apply coatings for corrosion resistance, extend product life, and even use color-coded straps for logistics identification enhances its value across supply chains; although synthetic alternatives like PET and polypropylene strapping are gaining traction due to lighter weight and easier handling, steel strapping maintains dominance in applications where failure risks are unacceptable, such as overseas shipping and heavy manufacturing; growing e-commerce and globalized supply chains are increasing the complexity and volume of shipments, further driving the need for robust, high-strength strapping solutions; regional dynamics also shape opportunities, with Asia-Pacific leading due to rapid industrialization, North America and Europe emphasizing safety compliance and premium coated strapping, and the Middle East, Africa, and Latin America emerging as fast-growing markets fueled by construction and resource industries; despite challenges such as fluctuating steel prices and higher handling requirements compared to plastics, the steel strapping market is poised for sustained growth as industries continue to prioritize cargo safety, operational efficiency, and long-term reliability in heavy-duty packaging and logistics applications.
This report aims to provide a comprehensive presentation of the global market for Steel Strapping, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Steel Strapping by region & country, by Type, and by Application.
The Steel Strapping market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Steel Strapping.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Steel Strapping manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Steel Strapping in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Steel Strapping in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.