Yes, but the belting grabs the staples -they don't just pop off when the paper targets are pulled, so in short order you are tacking targets over hundreds of raised staples (perhaps even some 5/8" long ones) and makes for very poor backing in order to obtain nice measurable bullet holes.Can you staple a target to the belt?
Our club started out using belting because years ago it was easy to get as we are in the heart of the cement industry (limestone quarries) and another problem it posed was the center would get shot out rather quickly and you would have to replace it or overlay it with another smaller piece or perhaps cardboard.
The corrugated plastic is cheap enough to replace frequently so you don't end up with people placing their targets on the target frames., posts, or other supports and get damaged. And it makes for clean holes on the target.
We use osb or plywood scraps as a backer for the coroplast.