Shark has a good idea. I used 2-3" strips cut from inner tubes, tied on with thin strips of the same. Allowed some give as the tree grew.
I put it on an orange tree many years ago.. It has not died, but the ENTIRE trunk looks like it has a really, really, really bad rash, and the bark continues to flake and peel like it had leprosy. Gives every indication that at some point the tree will give it up as the bark is destroyed.