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Steel Strapping Trends and Forecast
The future of the global steel strapping market looks promising with opportunities in the metal, paper, glass, and building markets. The global steel strapping market is expected to reach an estimated $1.6 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are increasing demand for secure and safe packaging solutions across industries, rising industrialization and globalization, rising e-commerce and logistics activities, and growing construction and infrastructure development.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Steel Strapping by Segment
The study includes a forecast for the global steel strapping by product type, application, and region.
Steel Strapping Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Blue-Tempered Steel Strapping
• Paint-Coated Steel Strapping
• Galvanized Steel Strapping
Steel Strapping Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Metal
• Paper
• Glass
• Building
• Others
Steel Strapping Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Steel Strapping Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies steel strapping companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the steel strapping companies profiled in this report include-
• Signode
• Samuel Strapping
• Baosteel
• Anshan Falan
• Yongxin
• Specta
• Bhushan Steel
Steel Strapping Market Insights
Lucintel forecasts that blue-tempered steel strapping is expected to witness the highest growth over the forecast period.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Steel Strapping Market
Market Size Estimates: Steel strapping market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Steel strapping market size by product type, application, and region in terms of value ($B).
Regional Analysis: Steel strapping market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, application, and regions for the steel strapping market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the steel strapping market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the steel strapping market size?
Answer: The global steel strapping market is expected to reach an estimated $1.6 billion by 2030.
Q2. What is the growth forecast for steel strapping market?
Answer: The global steel strapping market is expected to grow with a CAGR of 5.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the steel strapping market?
Answer: The major drivers for this market are increasing demand for secure and safe packaging solutions across industries, rising industrialization and globalization, rising e-commerce and logistics activities, and growing construction and infrastructure development.
Q4. What are the major segments for steel strapping market?
Answer: The future of the global steel strapping market looks promising with opportunities in the metal, paper, glass, and building markets.
Q5. Who are the key steel strapping market companies?
Answer: Some of the key steel strapping companies are as follows:
• Signode
• Samuel Strapping
• Baosteel
• Anshan Falan
• Yongxin
• Specta
• Bhushan Steel
Q6. Which steel strapping market segment will be the largest in future?
Answer: Lucintel forecasts that blue-tempered steel strapping is expected to witness the highest growth over the forecast period.
Q7. In steel strapping market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the steel strapping market by product type (blue-tempered steel strapping, paint-coated steel strapping, and galvanized steel strapping), application (metal, paper, glass, building, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Steel Strapping Market, Steel Strapping Market Size, Steel Strapping Market Growth, Steel Strapping Market Analysis, Steel Strapping Market Report, Steel Strapping Market Share, Steel Strapping Market Trends, Steel Strapping Market Forecast, Steel Strapping Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Steel Strapping Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Steel Strapping Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Steel Strapping Market by Product Type
3.3.1: Blue-Tempered Steel Strapping
3.3.2: Paint-Coated Steel Strapping
3.3.3: Galvanized Steel Strapping
3.4: Global Steel Strapping Market by Application
3.4.1: Metal
3.4.2: Paper
3.4.3: Glass
3.4.4: Building
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Steel Strapping Market by Region
4.2: North American Steel Strapping Market
4.2.2: North American Steel Strapping Market by Application: Metal, Paper, Glass, Building, and Others
4.3: European Steel Strapping Market
4.3.1: European Steel Strapping Market by Product Type: Blue-Tempered Steel Strapping, Paint-Coated Steel Strapping, and Galvanized Steel Strapping
4.3.2: European Steel Strapping Market by Application: Metal, Paper, Glass, Building, and Others
4.4: APAC Steel Strapping Market
4.4.1: APAC Steel Strapping Market by Product Type: Blue-Tempered Steel Strapping, Paint-Coated Steel Strapping, and Galvanized Steel Strapping
4.4.2: APAC Steel Strapping Market by Application: Metal, Paper, Glass, Building, and Others
4.5: ROW Steel Strapping Market
4.5.1: ROW Steel Strapping Market by Product Type: Blue-Tempered Steel Strapping, Paint-Coated Steel Strapping, and Galvanized Steel Strapping
4.5.2: ROW Steel Strapping Market by Application: Metal, Paper, Glass, Building, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Steel Strapping Market by Product Type
6.1.2: Growth Opportunities for the Global Steel Strapping Market by Application
6.1.3: Growth Opportunities for the Global Steel Strapping Market by Region
6.2: Emerging Trends in the Global Steel Strapping Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Steel Strapping Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Steel Strapping Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Signode
7.2: Samuel Strapping
7.3: Baosteel
7.4: Anshan Falan
7.5: Yongxin
7.6: Specta
7.7: Bhushan Steel
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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