United States Steel Strapping Market Size, Share, and COVID-19 Impact Analysis, By Material Type (Steel, Plastic, Textile, Paper, and Composite), By Application (Palletizing, Bundling, Reinforcement, and Packaging), and United States Steel Strapping Market Insights, Industry Trend, Forecasts to 2035.

United States Steel Strapping Market Insights Forecasts to 2035

• The USA Steel Strapping Market Size is Expected to Grow at a CAGR of around 5.6% from 2025 to 2035.
• The United States Steel Strapping Market Size is Expected to Hold a Significant Share By 2035.

According to a research report published by Spherical Insights & Consulting, The U.S. Steel Strapping Market Size is Expected to hold a significant share By 2035, Growing at a CAGR of 5.6% from 2025 to 2035.  The USA steel strapping market is growing due to rising demand in the construction, logistics, and heavy machinery sectors. Its higher strength and durability make it ideal for securing heavy loads. Increased infrastructure development, industrial expansion, and the need for safe, reliable packaging solutions further fuel demand. Technological advancements and customized solutions also support market growth.

Market Overview

The USA steel strapping market refers to the industry involved in the production, distribution, and use of high-strength steel bands designed to securely bundle, reinforce, and stabilize heavy goods and materials during storage and transportation across various sectors like construction, logistics, and manufacturing. Key drivers include the expansion of e-commerce, increased demand for secure packaging solutions, and a shift toward sustainable practices. The strength lies in durability, ideal for securing heavy and industrial loads. Its recyclability and compliance with safety standards also enhance its appeal across key sectors. The market offers growth opportunities through rising demand in logistics and construction, increased domestic production driven by tariffs, and advancements in automated, eco-friendly strapping solutions that align with sustainability and efficiency goals. Technological advancements, such as automated strapping systems, enhance operational efficiency. The U.S. government supports the steel strapping market through policies like elevated import tariffs, encouraging domestic production, and reducing reliance on foreign steel. These efforts aim to protect local industries, create jobs, and promote industrial growth and innovation.

Report Coverage

This research report categorizes the market for the United States steel strapping market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the USA steel strapping market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.S. steel strapping market.

Driving Factors

The growing demand in industries such as construction, logistics, and manufacturing is a major driver, as steel strapping offers unmatched strength and reliability for securing heavy and bulky goods. The rapid expansion of e-commerce has also boosted the need for durable packaging solutions that ensure safe transport. Infrastructure development projects across the country are increasing the use of steel strapping in building materials and equipment handling. Additionally, its recyclability and long-lasting performance make it a preferred choice over alternatives. Technological advancements, including automated strapping systems, further enhance efficiency and safety in packaging operations.

Restraining Factors

The high raw material costs, increasing competition from plastic strapping alternatives, and environmental concerns over steel production. Moreover, fluctuating steel prices and supply chain disruptions hinder consistent manufacturing. Strict regulatory standards and the need for heavy equipment for application also limit market growth, especially for small-scale users and emerging businesses.

Market Segmentation

The United States steel strapping market share is classified into material type and application.

• The steel segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The USA steel strapping market is segmented by material type into steel, plastic, textile, paper, and composite. Among these, the steel segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is because of its superior strength, durability, and high tensile capacity, making it ideal for securing heavy and bulky loads. Its recyclability and resistance to environmental factors also contribute to its preference over plastic, textile, paper, and composite materials in demanding industrial applications.

• The palletizing segment held a substantial share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The U.S. steel strapping market is segmented by application into palletizing, bundling, reinforcement, and packaging. Among these, the palletizing segment held a substantial share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is attributed to its securing heavy and bulky goods on pallets for safe handling and transportation. Its ability to provide strong, reliable load stability reduces damage during shipping, making it essential in logistics, construction, and manufacturing industries where efficient and secure palletized shipments are critical.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States steel strapping market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Neway Packaging Corporation
• American Strapping Company
• Lexco Cable Manufacturing
• West Coast Supplies Corp.
• Signode Industrial Group
• McGregor Packaging
• Fox River Packaging
• Beacon World Class
• USA Strapping LLC
• Gillis & Lane, Inc.
• Fechometal USA
• Associated Bag
• Clingan Steel
• Marlin Steel
• Packline Co.
• Others

Recent Developments:

• In December 2022, Signode, the leading global manufacturer of a broad spectrum of automated packaging equipment, tools, and consumables, has launched its new BST Battery Powered Tool for Sealless Steel Strapping. Featuring an ergonomic design and multiple productivity-enhancing features, this new tool delivers unparalleled performance in demanding applications.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the USA, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the U.S. steel strapping market based on the below-mentioned segments

United States Steel Strapping Market, By Material Type

• Steel
• Plastic
• Textile
• Paper
• Composite

United States Steel Strapping Market, By Application

• Palletizing, Bundling
• Reinforcement
• Packaging