According to the latest report by IMARC Group, "Strapping Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on the global strapping machine market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global strapping machine market reached a value of US$ 5.35 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.13 Billion by 2027, exhibiting at a CAGR of 4.9% during 2022-2027. Strapping machines, also known as bundlers or banders, refer to mechanical devices that can enhance the speed of the process of bundling and securing pallet loads, boxes, cases, and bulky loadsduring transportation and storage. They dispense the straps sealed around the boxes for efficient packaging and increasing package safety and overall efficiency by minimizing the risk of shipping damage, collapse, and spillage. Nowadays, manufacturers are offering customizable straps made from polypropylene, polyester, and metals.
Market Trends
The growing demand for effective packaging solutions for handling pharmaceutical products, electrical appliances, household goods, and paper items represents one of the key factors driving the market. Moreover, strapping machines are extensively used in the packaging and palletization of food and beverages and for protectingthem against contamination and spoilage. Furthermore, innovations in designs and functional improvements in automated strapping machines areacting as another growth-inducing factor. Besides this, the increasing adoption of industrial automation, along with the development of innovative strapping machines, is expected to strengthen the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Dynaric Inc.
- FROMM Holding AG
- Maillis Group
- Messersì Packaging S.r.l.
- Mosca GmbH
- Polychem Corporation
- Samuel Son & Co.
- Signode Industrial Group LLC (Crown Holdings Inc.)
- StraPack Inc., Strapex
- Transpak Equipment Corp.
The report has segmented the market on the basis of Offering, Product, Application, End-Use, and Region.
Breakup by Product:
- Semi-Automatic
- Automatic
- Fully Automatic
Breakup by Material:
- Steel
- Polypropylene
- Polyester
Breakup by Style:
- Palette Strappers
- Table-top Strappers
- RQ-8 Strappers
Breakup by Application:
- Food and Beverage
- Consumer Electronics
- Household Appliances
- Newspaper and Graphics
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
For more information about this report visit: https://www.imarcgroup.com/strapping-machine-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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