Strapping Machine Market Report 2022, Industry Growth, Scope and Forecast 2027
According to the latest report by IMARC Group, "Strapping Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", 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 loads during 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.
Covid-19 Impact:
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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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 protecting them against contamination and spoilage. Furthermore, innovations in designs and functional improvements in automated strapping machines are acting 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.
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
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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.
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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