Press release
Steel Strapping Market Landscape 2025: Forecast Data and Growth Strategy Insights
Steel Strapping Market
What Is the Expected CAGR for the Steel Strapping Market Through 2025?
The market size for steel strapping has seen substantial growth in the past few years rising from $1.18 billion in 2024 to $1.26 billion in 2025 with a compound annual growth rate (CAGR) of 7.2%. This significant growth during the historical period can be ascribed to several factors including the industrial revolution, the expansion of transportation, breakthroughs in packaging, regulations for workplace safety, and heightened environmental consciousness.
What's the Projected Size of the Global Steel Strapping Market by 2029?
In the coming years, the steel strapping market is predicted to exhibit solid expansion, projecting to reach $1.71 billion by 2029, with a compound annual growth rate (CAGR) of 7.9%. The anticipated growth for the said period is backed by factors such as environmental mandate compliance, technological progress, interrupted supply chains, market demand volatility, and the burden of costs. Key trends for the projected period encompass advanced resistance to rust, intelligent monitoring systems, eco-friendly solutions, tailor-fitted solutions for different uses, and the introduction of automation and robotics in management.
View the full report here:
https://www.thebusinessresearchcompany.com/report/steel-strapping-global-market-report
Top Growth Drivers in the Steel Strapping Industry: What's Accelerating the Market?
With a significant upsurge in the construction and infrastructure industries, the steel strapping market is anticipated to witness substantial expansion. The ambit of the construction sector includes planning, creating, and constructing structures, whereas the infrastructure domain is related to the growth and maintenance of fundamental structures such as transportation lines, utilities, and communication networks. Factors such as escalating urbanization, government engagement in public projects, and the increasing need for upgrading and extending existing infrastructures are propelling strong growth in the construction and infrastructure sectors. Steel strapping, which is extensively used in these sectors for securing heavy loads, reinforcing concrete structures, and bundles of materials for transport and storage, is poised to benefit from this growth. For instance, a report published by the Northern Ireland Statistics and Research Agency in June 2023 revealed that the overall construction industry witnessed a 6.5% growth, the housing sector grew by 11.1%, and the infrastructure subsector grew by 3.7% from the first quarter of 2022 to the first quarter of 2023 compared to 2022. Consequently, the thriving construction and infrastructure sectors are fostering the growth of the steel strapping market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15931&type=smp
What Are the Key Trends Driving Steel Strapping Market Growth?
Leading entities in the steel strapping market are prioritizing the development of production facilities that incorporate energy-efficient technologies. This includes the development of eco-friendly production chains that improve efficiency and satisfy growing demands. These innovative production lines make use of energy-saving technologies, recycling methodologies, and modern coatings to reduce environmental damage and endorse sustainability. As an example, in May 2024, Krishca Strapping Solutions Ltd., a manufacturer of high-tensile steel straps located in India, introduced a cutting-edge strapping production line at its premises. This new line is projected to improve the operational efficiency and increase production capacity, with a maximum capacity of 1,500 MT per month. It includes environmentally friendly attributes, demonstrating a significant advancement in meeting the surging needs of the steel sector. This improvement further asserts Krishca Strapping's prominent standing in the packaging industry, equipping it to cater to its customers' evolving needs.
What Are the Main Segments in the Steel Strapping Market?
The steel strapping market covered in this report is segmented -
1) By Type: Blue-Tempered Steel Strapping, Paint-Coated Steel Strapping, Galvanized Steel Strapping, Other Types
2) By Tensile Strength: Regular Duty, High Tensile
3) By Application: Metal, Paper, Glass, Building, Other Applications
Subsegments:
1) By Blue-Tempered Steel Strapping: Cold Rolled Blue-Tempered Steel Strapping, Hot Rolled Blue-Tempered Steel Strapping
2) By Paint-Coated Steel Strapping: Polyester Coated Steel Strapping, Polypropylene Coated Steel Strapping
3) By Galvanized Steel Strapping: Electro-Galvanized Steel Strapping, Hot-Dip Galvanized Steel Strapping
4) By Other Types: Zinc-Plated Steel Strapping, Stainless Steel Strapping
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=15931&type=smp
Which Top Companies are Driving Growth in the Steel Strapping Market?
Major companies operating in the steel strapping market are ArcelorMittal S.A., Shandong Baosteel Industry Co. Ltd., Berry Global Inc., 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, Specta, Kohan Kogyo Co. Ltd., Acme Steel Co., AnShan FaLan Co. Ltd., Tianjin Hongmei Steel Strips Co. Ltd., Midfield Industries Ltd., Polychem Ltd., Ensho Steel Strapping Co Ltd., Linder Strapping
Which Regions Will Dominate the Steel Strapping Market Through 2029?
Asia-Pacific was the largest region in the steel strapping market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the steel strapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15931
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Steel Strapping Market Landscape 2025: Forecast Data and Growth Strategy Insights here
News-ID: 4283846 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Steel
Steel Beams Market is Booming Worldwide with Steel Dynamics, JSW Steel, JFE Stee …
HTF MI just released the Global Steel Beams Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major Giants in Steel Beams Market are:
ArcelorMittal (Luxembourg), Nippon Steel (Japan),…
Special Ball Bearing Steel Market : Eminent Players - Nippon Steel, Suzhou Steel …
Market Description -
Los Angeles, (United States) - The information made available in the Special Ball Bearing Steel report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work,…
Miscellaneous Steel Detailing | Steel Detailer | Steel Detailing Services
We provide the highest quality of finished projects in the industry. Boasting unmatched turnaround times, and superb accuracy. WorldSteel Detailings has onboard team of experienced steel detailers and engineers with a wide range of experience from industrial and commercial projects to high rise buildings. By using innovative technologies and latest softwares, our structural steel detailing team provides accurate services as per your requirements based on country standards.Our steel detailing professionals…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
