Plastic Strapping Market Size, Share, Growth, and Industry Analysis, By Type (PP Strapping, PET Strapping), By Application (Wood, Paper, Food and Beverage, Textile, Others), Regional Insights and Forecast to 2033

Plastic Strapping Market Overview

Global plastic strapping market size is estimated at USD 2265.3 million in 2024 and expected to rise to USD 2659.78 million by 2033, experiencing a CAGR of 1.8%.

The plastic strapping market is experiencing widespread demand due to its extensive use in packaging and bundling applications across various industries. Plastic strapping, made primarily from polypropylene (PP) and polyethylene terephthalate (PET), is known for its lightweight, corrosion-resistant, and durable properties. In 2024, over 2.3 million metric tons of plastic strapping were produced globally, with PET strapping accounting for approximately 60% of the total volume. The demand is being driven by high consumption in logistics, shipping, construction, and the food and beverage sector. More than 500 million pallets per year are secured using plastic strapping globally.

The Asia-Pacific region dominates the plastic strapping market, with China alone accounting for over 30% of global plastic strapping production in 2023. E-commerce packaging and industrial shipping practices in developed and emerging economies are significantly contributing to the growing volumes. As of 2024, more than 70% of e-commerce warehouses in North America and Europe rely on plastic strapping systems for secure load stabilization. Due to environmental concerns, PET strapping made from recycled bottles has seen a surge, comprising 45% of the PET segment in 2024. The market is characterized by consistent product innovation, expansion of manufacturing capacities, and strong international trade, especially in regions such as Southeast Asia and Eastern Europe.

Key Findings

Top Driver Reason: High demand from e-commerce logistics and palletized goods transportation.

Top Country/Region: China holds the highest production share, accounting for over 30% of global volume.

Top Segment: PET strapping is the top segment with over 60% usage share globally.

Plastic Strapping Market Trends

The plastic strapping market is undergoing transformative shifts, driven by automation, sustainability trends, and rapid e-commerce expansion. In 2024, over 75% of industrial warehouses in the U.S. and Germany adopted automated strapping systems, driving significant plastic strapping consumption. Demand for high-tensile PET strapping has surged due to its application in heavy-duty bundling, especially in steel, construction, and lumber sectors. Over 120,000 metric tons of high-tensile PET strapping were consumed in the construction sector alone in 2023.

Sustainability remains a pivotal trend, with over 250 million kilograms of PET strapping being manufactured from post-consumer recycled plastics. Recycled content in plastic strapping production increased by 18% from 2022 to 2024, as industries comply with strict environmental regulations, especially across the EU and Japan. Additionally, many manufacturers have started introducing biodegradable additives to enhance decomposition rates in plastic strapping, especially in agricultural and disposable packaging.

Color-coded strapping for inventory management and QR-encoded strapping tags are gaining popularity across logistics operations, used by over 40% of Fortune 500 companies in their supply chains in 2023. Furthermore, small and medium businesses are shifting from steel to plastic strapping due to cost savings of nearly 30% in operational expenses.

Another emerging trend is the integration of strapping systems with Internet of Things (IoT)-enabled packaging lines. By 2024, approximately 12,000 industrial packaging facilities globally had IoT-integrated strapping machines that monitor tension, track load shifts, and send alerts on packaging faults in real-time. This technological leap is improving load safety, minimizing transit damage, and optimizing packaging operations.

The rise of omnichannel retailing has also created opportunities for customized strapping solutions. More than 55% of retail warehouses in Asia-Pacific now use printed PET straps with logos and tracking codes, helping brands reduce counterfeiting. Furthermore, governments in Europe introduced plastic taxes on virgin polymer packaging, pushing manufacturers to adopt circular economy practices. These shifts reflect a dynamic and resilient plastic strapping market prepared for technological integration and environmentally responsible growth.

Plastic Strapping Market Dynamics

DRIVER

E-commerce and logistics boom fueling demand for efficient load securing solutions.

With over 25 billion packages shipped worldwide in 2023, e-commerce growth has propelled the plastic strapping market forward. The lightweight, flexible, and cost-effective nature of PP and PET strapping makes them the preferred choice for bundling parcels, boxes, and pallets. In particular, plastic strapping is used in over 90% of parcel hubs in the U.S. and over 80% in Western Europe. Automation-friendly properties of plastic straps further enhance their adoption in high-speed packaging lines, where 150+ items per minute are strapped in leading warehouses. As logistics hubs expand and cross-border deliveries increase, plastic strapping demand continues to rise, particularly in developing regions like Southeast Asia and Latin America.

RESTRAINT

Growing environmental concerns over single-use plastics.

Plastic waste is a critical global concern, with over 300 million tons of plastic waste generated in 2023 alone. Although PET and PP strapping are recyclable, collection inefficiencies and improper disposal lead to significant environmental strain. In the EU, regulations have limited the use of virgin polymer-based plastic strapping in packaging, especially in the food and beverage industry. Additionally, companies face increased compliance costs in meeting recyclability and labeling standards. Plastic pollution has led to temporary bans or restrictions in certain nations, especially in North Africa and Central Asia, affecting market stability and long-term growth.

OPPORTUNITY

Expansion of biodegradable and recycled strapping products.

The shift toward sustainable materials is opening doors for manufacturers to innovate. More than 40 companies globally introduced biodegradable plastic strapping products in 2023–2024. Recycled PET strapping now accounts for approximately 45% of the total PET strapping market share. Several regional governments provide subsidies to manufacturers who invest in circular economy models. In 2024, over $400 million was invested globally in facilities capable of recycling and converting used plastic bottles into strapping products. Companies tapping into this green transition are likely to see higher market penetration, especially in retail packaging, agriculture, and environmentally certified logistics chains.

CHALLENGE

High fluctuation in raw material prices.

The price of virgin PET and PP is heavily dependent on global crude oil prices. In 2023, raw material costs for PET resin increased by over 22%, directly impacting the production cost of plastic strapping. Supply chain disruptions, such as container shortages and port congestions, further compound these challenges. Additionally, competition from alternative materials like woven polyester or composite strapping is intensifying, especially in industries where strength and elasticity are crucial. Managing pricing volatility and raw material sourcing is a critical challenge for strapping manufacturers aiming to maintain consistent profit margins and supply stability.

Plastic Strapping Market Segmentation

The plastic strapping market is segmented by type and application. By type, it includes PP strapping and PET strapping, each with unique mechanical characteristics and applications. PP strapping is lightweight and cost-effective, ideal for light and medium-duty packaging, while PET strapping offers high tensile strength suitable for heavy-duty industries. By application, the market is divided into wood, paper, food and beverage, textile, and others, reflecting widespread adoption across sectors requiring unitization and secure bundling.

By Type

• PP Strapping: Polypropylene strapping holds significant market share due to its low cost and versatility. In 2023, over 950,000 metric tons of PP strapping were used worldwide. It is favored in light to medium-duty applications like bundling newspapers, cartons, and textiles. PP strapping is used in over 80% of print and publishing facilities. It provides elongation properties up to 25% and is typically available in widths ranging from 5 mm to 19 mm. PP strapping is particularly popular in Asia-Pacific, where small-scale industries utilize it in manual packaging setups.
• PET Strapping: Polyester (PET) strapping dominates the market, with a global consumption of over 1.4 million metric tons in 2024. It offers higher tensile strength and is widely used in industries like construction, logistics, and metal processing. PET strapping can withstand loads exceeding 400 kg and retains tension over long storage and shipping periods. It is compatible with automatic strapping machines and is extensively used in the beverage industry for palletizing PET bottles. The high share of recycled content and increasing automation are boosting PET strapping’s popularity.

By Application

• Wood: The wood industry utilizes over 150,000 metric tons of PET strapping annually to secure lumber and panels during shipping. Strapping ensures product stability in transit and reduces damage by over 30%.
• Paper: The paper industry relies on PP strapping for bundling newspapers and printed materials. Around 100,000 printing presses globally use plastic strapping as a packaging solution.
• Food and Beverage: The food and beverage sector uses over 300,000 metric tons of PET strapping annually. It secures pallets of bottled water, soda, and canned goods in warehouse and retail distribution.
• Textile: Textile packaging applications consumed over 80,000 metric tons of plastic strapping in 2023. PP straps are used to bundle cotton bales, yarns, and garment cartons.
• Others: Miscellaneous applications include electronics packaging, chemical drums, and consumer goods, accounting for approximately 400,000 metric tons of plastic strapping annually.

Plastic Strapping Market Regional Outlook

The global plastic strapping market exhibits significant variation in regional performance. Asia-Pacific dominates both in production and consumption, followed by Europe and North America. Emerging markets are contributing heavily to volume demand due to industrial growth and urbanization.

• North America

North America accounted for over 25% of global plastic strapping demand in 2024. The U.S. leads with more than 600,000 metric tons of consumption, driven by e-commerce and warehouse automation. Canadian manufacturers are increasingly investing in PET recycling facilities to meet sustainability goals.

• Europe

Europe shows strong demand in logistics and retail packaging, with Germany, France, and Italy being key markets. In 2024, over 400,000 metric tons of plastic strapping were used, with 55% being recycled PET strapping. EU regulations favor sustainable packaging materials, fueling investment in circular production systems.

• Asia-Pacific

Asia-Pacific represents the largest market, accounting for over 45% of global volume. China alone produced over 750,000 metric tons in 2023. Rapid industrialization in India, Indonesia, and Vietnam is pushing the region’s consumption. Japan and South Korea are leading in automation-based strapping machine adoption.

• Middle East & Africa

Plastic strapping demand in the Middle East & Africa exceeded 120,000 metric tons in 2023. The UAE, Saudi Arabia, and South Africa are key growth centers due to construction and industrial exports. PET usage is increasing, replacing metal straps in export packaging.

List of Top Plastic Strapping Market Companies

• Signode
• J.Maillis Group
• Dynaric Inc
• Cordstrap
• FROMM Group
• Samuel Strapping
• Youngsun
• Mosca
• Scientex Berhad
• Polychem
• Teufelberger
• Tsukasa Chemical Industry Co
• Packware
• Polivektris
• Strapack
• Linder
• STEK
• TITAN Umreifungstechnik
• Cyklop
• Hiroyuki Industries
• Baole
• EMBALCER
• PAC Strapping Products, Inc.

Top 2 Companies by Share

Signode: In 2024, Signode held an estimated 12% global share, producing over 300,000 metric tons annually across 80+ countries.

FROMM Group: FROMM accounted for approximately 8% global share with strong distribution in Europe and Asia-Pacific, producing over 180,000 metric tons of plastic strapping in 2023.

Investment Analysis and Opportunities

The plastic strapping market is witnessing significant investment inflows, especially in sustainable manufacturing, automated packaging systems, and recycling infrastructure. In 2023, over $1.2 billion was invested globally in expanding plastic strapping production lines and retrofitting packaging facilities with energy-efficient technologies. A significant share of this investment came from multinational packaging companies aiming to increase their PET strapping output using post-consumer recycled content.

Asia-Pacific remains the most attractive investment region, where rapid industrialization and growing e-commerce penetration are propelling strapping demand. For instance, China approved over 15 large-scale plastic strapping manufacturing units between 2022 and 2024, with a combined capacity of more than 400,000 metric tons per year. Meanwhile, India’s “Make in India” initiative incentivized local producers, contributing to the establishment of over 25 new PP and PET strapping plants with a production target of 180,000 metric tons annually.

In Europe, more than $300 million has been directed toward sustainable packaging and circular economy projects. The European Investment Bank financed the development of recycled PET-based strapping plants in Poland, Germany, and Italy, aiming to reduce reliance on virgin polymers by 40% before 2027. This shift opens up opportunities for companies innovating in bio-based and recycled strapping technologies.

Automation presents another investment hotspot. Strapping machine manufacturers are collaborating with logistics and fulfillment centers to integrate AI and IoT-enabled systems. Over 8,000 automated plastic strapping machines were installed in the U.S. and Western Europe in 2023, indicating a 22% YoY increase. These systems enable predictive maintenance, tension control, and smart tracking—providing cost savings and improving operational efficiency.

New Product Development

Innovation in the plastic strapping market is intensifying, with manufacturers focusing on recyclability, smart functionality, and strength optimization. One of the most significant trends in new product development is the use of 100% recycled PET bottles in producing strapping. In 2023, more than 25 companies launched fully recycled PET strapping lines, producing over 150,000 metric tons of sustainable strapping globally.

Manufacturers like FROMM and Signode have introduced high-tensile PET strapping with tensile strength exceeding 6000 N, designed for heavy industrial loads such as steel coils and cement bags. These advanced straps show a 20% higher elongation capacity and a 30% longer tension retention period, helping reduce packaging failure rates during long-distance transportation.

Smart strapping products are gaining momentum. In 2024, Mosca introduced a PET strap with embedded RFID tags that allow for real-time tracking of pallets during transit. These smart straps can communicate with logistics platforms, providing insights into movement, strapping pressure, and tampering events. Over 1 million RFID-enabled straps were used in Europe in 2023, primarily in high-value goods logistics.

Another new development is color-coded strapping for inventory classification. Companies in the food and beverage and pharmaceutical sectors are adopting colored PET strapping to distinguish between perishable and non-perishable goods, aiding in inventory rotation and compliance. Strapack and Cyklop now offer over 15 color variants with UV-stable pigments to prevent fading.

Biodegradable and compostable strapping made from polylactic acid (PLA) is a frontier innovation. In 2023, at least 8 companies introduced biodegradable strapping solutions, particularly for agricultural and short-term packaging. These straps degrade within 90–120 days under industrial composting conditions. Although currently priced higher than traditional PET or PP strapping, adoption is increasing due to regulatory pressure and eco-labeling benefits.

Five Recent Developments

• Signode launched a 100% recycled PET strapping line in Germany (2023): The new plant has an annual capacity of 90,000 metric tons and uses post-consumer plastic bottles to produce high-tensile straps.
• FROMM Group introduced RFID-enabled smart strapping in Europe (2023): Used in palletized pharmaceutical logistics, the straps enable real-time tracking of 2 million+ shipments annually.
• Mosca expanded automated strapping machine production in the U.S. (2024): A $70 million investment increased Mosca’s annual machine output by 25%, targeting e-commerce fulfillment centers.
• Polychem developed PLA-based biodegradable strapping (2024): The product is currently piloted in Latin America, with a projected initial production of 8,000 metric tons per year.
• Teufelberger introduced color-coded PET strapping for inventory systems (2023): The strapping is widely adopted in the beverage industry, enabling 15% faster inventory sorting in warehouses.

Report Coverage of Plastic Strapping Market

This report provides a comprehensive analysis of the global plastic strapping market, covering structural components such as material types, industry applications, regional insights, key players, and emerging investment and innovation trends. The scope of the report spans from the upstream supply of polypropylene and PET resin to the downstream distribution of strapping products in consumer, industrial, and logistics end-use segments.

The plastic strapping market is examined through the lens of type segmentation—specifically PP and PET strapping—detailing their mechanical properties, use-cases, and evolving production technologies. By application, the report explores demand patterns across five primary verticals: wood, paper, food and beverage, textile, and miscellaneous industries. The analysis highlights volume consumption across these categories and the impact of automation, logistics growth, and regulatory factors on usage intensity.

Regional analysis includes detailed data on the performance of North America, Europe, Asia-Pacific, and the Middle East & Africa. Each region’s production capacity, consumption behavior, investment trends, and technological adoption are covered with facts and figures, including volume estimates from 2023–2024.

A deep dive into market dynamics explores the critical forces shaping the plastic strapping industry—drivers, restraints, opportunities, and challenges. Special attention is given to sustainability, supply chain resilience, regulatory influence, and competition from alternative materials. Technological advancements such as RFID integration, biodegradable options, and IoT-enabled systems are emphasized to showcase the future trajectory of the market.

The report further features a list of 24 major global plastic strapping companies, with additional detail on the two largest players in terms of production share. A separate section is dedicated to recent investments and opportunities, outlining capital expenditures, new plant openings, and global policy incentives influencing the market.

Frequently Asked Questions