Strapping Supplies Market Analysis Report by Marketing Strategy, Promotions, New Product Launches and Emerging Trends by 2025

 The global strapping supplies market is estimated to create a value of US$ 4.6 Bn in 2022. The sales of the strapping supplies are projected to propel at 5.3% CAGR between 2022 and 2032. As per the study, the top 3 countries are estimated to hold around 30-35% of the market by 2022.

In the strapping supplies market, the strapping machines are anticipated to hold significant portion as it improves efficiency in warehouse and increase the overall presentation of packaged products. The strapping machines segment is anticipated to hold around 46.2% of demand share in 2032.

According to Future Market Insights (FMI), rise in demand for packaging straps among various industries such as construction, automotive, and others is anticipated to increase the sales of strapping supplies. The strapping supplies market is projected to grow at 1.7 times the current market value during the forecast period.  

As per Future Market Insights (FMI), the overall strapping supplies market grew at a CAGR of 3.1% over the historic period of 2015 to 2021. Increasing need for safe delivery of various goods and the rising demand for strapping in the logistics and warehousing industries will boost the market. On the back of these factors, the strapping supplies market is expected to increase at a CAGR of 5.3% in the following ten years.

Strapping supplies are used in various industrial and commercial applications to improve logistics and minimize mechanical damage. Among the prominent businesses where strapping supplies are utilized broadly are food & beverage, healthcare & pharmaceutical, logistics & warehousing, and agriculture & construction.

Further, growing demand for pallet strapping in several industries such as healthcare and warehousing is projected to influence the market for strapping supplies. The market value is projected to escalate in the coming few years due to increased demand for shipping from the e-commerce sector and the growth of automated packaging solutions. With rapid penetration of e-commerce industry, the market players are expected to witness lucrative growth prospects over the forecast period (2022-2032).

Two Trends Augment the Demand for Strapping Supplies Market

Recyclability & Sustainability – Two Mantra Creating Revenues for Packaging Giants

As per FMI, paper strapping is considered to be 100% recyclable alternative to plastic strapping. The paper strapping material can be used with automatic, semi-automatic, and packaging tensioners. Paper strapping is extensively used over plastic strapping as it is sustainable, compostable, and recyclable.

As polyester and polypropylene are not widely recycled, they become viable products and create carbon footprints, affecting the environment negatively. Hence, paper straps are used across the globe as they are highly durable, reduce operational costs, and are more sustainable as compared to plastic straps.

More info@https://www.futuremarketinsights.com/reports/Strapping-Supplies-Market

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