Steel Strapping Market to Reach USD 2.3 Billion by 2035: Established Players and New Entrants Drive Innovation, and Global Expansion

The global Steel Strapping Market is set to experience a decade of transformative growth, advancing from an estimated USD 0.9 billion in 2025 to USD 2.3 billion by 2035, at a healthy CAGR of 6.1%. This robust trajectory underscores the rising demand for secure packaging solutions across logistics, construction, metals, and manufacturing sectors worldwide.

With global trade volumes surging and industries demanding greater reliability in load security, steel strapping has cemented its position as the gold standard in heavy-duty packaging solutions. Known for its superior tensile strength, recyclability, and performance under extreme conditions, steel strapping continues to outpace plastic alternatives in critical industrial applications.

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A Market Built on Strength and Reliability

The five-year growth blocks paint a clear picture of market acceleration. Between 2025 and 2030, the market will rise steadily from USD 0.9 to 1.3 billion, largely fueled by e-commerce logistics, construction material handling, and the bundling of industrial goods. The next phase, 2030 to 2035, shows a sharper climb—from USD 1.3 to 2.3 billion—driven by stronger adoption in metals, mining, and infrastructure-heavy economies.

Demand from logistics and transportation (35% market share) remains the backbone, where steel strapping ensures secure shipment of heavy pallets, steel coils, and machinery across long distances. The construction industry (25%) and metals and mining (20%) further reinforce the outlook, while manufacturing, industrial machinery, and bulk packaging in paper and textiles contribute significant additional momentum.

Why the Market is Growing

Three core drivers stand out in the growth story of the steel strapping market:

1. Global Trade and Packaging Demands – With containerized shipping and bulk exports rising, industries are prioritizing stronger, compliance-ready strapping solutions to avoid costly damage during transit.
2. Construction and Infrastructure Development – Rapid infrastructure projects in emerging economies and urban transit expansions in developed nations keep demand for bundling raw materials high.
3. Metals and Mining Expansion – Rising steel, aluminum, and ore handling volumes demand robust, reliable strapping that can endure sharp edges and heavy weights.

Add to this the push toward recyclable and coated strapping solutions, and the market is seeing a blend of sustainability with industrial performance.

Segment Insights: Leading the Charge

• By Tensile Strength: Regular duty steel strapping will command 58.6% share in 2025, as industries seek the right balance between durability and affordability.
• By Coating: Painted & waxed strapping will dominate at 61.4% share in 2025, thanks to its corrosion resistance, improved safety, and eco-friendly upgrades.
• By Application: The metal industry is projected to hold 46.8% of market revenue by 2025, solidifying its role as the single largest consumer of steel strapping worldwide.

Regional Growth Outlook

The global market shows remarkable geographical diversity, with Asia-Pacific leading expansion:

• China: Poised to grow at a CAGR of 8.2%, powered by massive manufacturing output, infrastructure projects, and export logistics.
• India: Growing at 7.6% CAGR, fueled by “Make in India” policies, rapid infrastructure development, and expansion of domestic production.
• Europe: Countries like France (6.4% CAGR) and the U.K. (5.8% CAGR) emphasize recyclable strapping solutions, efficiency, and compliance with EU standards.
• United States: Expected to post 5.2% CAGR, driven by advanced logistics networks, worker safety compliance, and investments in construction and energy projects.

A Competitive Landscape of Established Leaders and Emerging Innovators

The steel strapping industry is defined by a mix of global leaders, regional specialists, and new entrants leveraging technology to capture market share.

• Acme Steel Company and Pacific Steel Strapping Corporation remain stalwarts, known for their heavy-duty solutions tailored to metals, construction, and logistics industries.
• Berry Global Inc. and Polymer Group Inc. extend their dominance in packaging by integrating hybrid systems that combine steel strapping with broader protective solutions.
• Fastenal Company leverages one of the strongest distribution networks, ensuring availability and customer-first service across North America and beyond.
• National Industries Inc. and Rathi Steel Strips Ltd emerge as regional champions, supplying competitively priced, locally adapted solutions in construction, textiles, and material handling.
• Nisshinbo Holdings Inc., with a strong focus on innovation in material science, is advancing the development of strapping systems for automotive and heavy machinery transport.

This blend of established market leaders and new-generation innovators is shaping the industry’s competitive dynamics, ensuring continuous investment in tensile performance, automation compatibility, and sustainability.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.