By Application: The strapping materials market is segmented by application into industries such as food & beverage, paper & printing, building & construction, textile, and others. The food & beverage segment is expected to witness significant growth due to the increasing demand for packaged food products, while the building & construction segment is projected to grow as a result of the expanding construction industry worldwide.
Product Analysis:
Steel: The steel strapping segment is anticipated to dominate the market due to its high tensile strength and durability, making it suitable for heavy-duty packaging applications. Industries such as metalworking, lumber, and construction prefer steel strapping for its superior holding capacity.
Polypropylene [PP]: The polypropylene strapping segment is expected to witness substantial growth owing to its lightweight nature, cost-effectiveness, and ease of handling. PP strapping is widely used in industries such as logistics, agriculture, and pharmaceuticals for bundling and securing lightweight packages.
Polyester [PET]: The polyester strapping segment is gaining traction in the market due to its exceptional elongation properties, high tension retention, and resistance to UV rays. PET strapping is commonly used in the textile, brick, and ceramic industries where high tensile strength and safety during transportation are crucial.