Home > Chemicals & Materials > Advanced Materials > Functional Materials > Steel Strapping Market

Steel Strapping Market Share

Report ID: GMI7750
Published Date: Dec 2023
Report Format: PDF

Download Free Sample

Steel Strapping Market Share

These players focus on strategic partnerships, new Tensile Strength launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative Tensile Strengths and garner maximum revenue in the market.

Acme Steel Company, a well-established player, likely commands a notable market share given its extensive experience and reputation in manufacturing steel products. Similarly, Pacific Steel Strapping Corporation, with a focus on steel strapping, is expected to have a substantial market presence, especially if it caters to diverse industries such as construction, logistics, and manufacturing.

Fastenal Company, a distributor of industrial and construction supplies, may hold a significant market share due to its extensive distribution network and ability to supply steel strapping products to a broad customer base. Berry Global Inc. and Polymer Group Inc., though known for diverse packaging solutions, might also have a notable share in the steel strapping industry, leveraging their expertise in providing comprehensive packaging solutions to various industries.

Steel Strapping Market Companies

Some of the major market players operating in the steel strapping industry are:

Acme Steel Company
Berry Global Inc.
Fastenal Company
National Industries Inc
Nisshinbo Holdings Inc
Pacific Steel Strapping Corporation
Polymer Group Inc.
Rathi Steel Strips Ltd

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for steel strapping was valued at around USD 1.11 billion in 2023 and is estimated to reach USD 1.9 billion by 2032 owing to the robust growth in the construction and infrastructure sectors, where steel strapping is essential for bundling and securing materials.

Metal industry segment had a market share of around 28% in 2023 and is expected to grow at a lucrative pace through 2032 as the industry often deals with heavy, irregularly shaped, and sharp-edged materials, necessitating robust strapping solutions.

North America steel strapping market share was worth USD 353.9 million in 2023 and is anticipated to expand at a significant pace from 2024-2032 owing to the region's thriving manufacturing sector, particularly in industries such as construction, metal, and logistics,

Acme Steel Company, Berry Global Inc., Fastenal Company, National Industries Inc., Nisshinbo Holdings Inc., Pacific Steel Strapping Corporation, Polymer Group Inc., and Rathi Steel Strips Ltd.