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The market within the Asia Pacific region is witnessing a robust growth due to rapid industrialisation and urbanisation. The emergence of China and India as some of the biggest manufacturers and consumers of consumer electronics, automotive, and food and beverage industries, among others, is further increasing the demand for strapping machines, which is propelling the market growth in the Asia Pacific. The robust growth of the packaging industry, with the growing demand for sustainable packaging, is increasing the deployment of strapping machines in various industries in the region, therefore augmenting the industry growth. In addition, the booming e-commerce industry in the region is further surging the demand for strapping machines, which is expected to invigorate the market growth over the forecast period.
Some of the leading companies in the market are Polychem Corporation (BOM: 506605) and Dynaric, Inc. The latter announced in August 2017 that its AM659SCA, a fully automatic strapping machine, was expected to be introduced and displayed in the 2018 Boston Seafood Show. The product is one of the leading automatic plastic strapping machines of the company that is designed for efficient bundling while providing product security. The strapping machine is designed for harsh packaging environments and seafood industries as it is built on a solid, heavy-duty frame that is surrounded by stainless steel panels. This provides maximum protection from the extreme conditions of the seafood packaging industries, hence preventing any damage to the product. The machine incorporates servo motor technology to increase reliability, durability, and energy efficiency. The introduction of such products is augmenting the growth of the strapping machine industry.
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The major players in the global strapping machine market are Dynaric, Inc., Polychem Corporation, StraPack, Inc., Transpak Equipment Corp., Signode Industrial Group LLC, and Fromm Holding AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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