This tool is part of the FREE and open-source toolset in Houdini called SideFXLabs. The Simple Rope Wrap tool will create a rubber band like rope around your input object based on surfaces fed into the first input. It also allows you to specify the profile of the rope and the number of twists per unit. Additionally if desired you can also run a vellum simulation to get some draping and more realistic results. For more information on SideFXLabs and how to get the tool visit: https://www.sidefx.com/products/sidefx-labs/
Tool in action.