That's an option. The phone company uses a spiral wrap to attach their multi conductor cables to the carrier wire with a special machine that travels and rotates. I would think that zip ties every 6 to 12" would work. They're cheap from HF and can be done one at a time and replace individual ones if needed.
I have loads of spiral wrap in smaller sizes and it would be perfect if I could get it on there, but it's a chore to do it just wrapping a bundle of small gauge wires. Doing it 20ft in the air on a 2" bundle would be a PITA at best. I think a machine like you mentioned would be required; I've never seen one and probably not going to buy one.