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Global Strapping Machine Market: By Product: Semi-Automatic, Automatic, Fully Automatic; By Material: Steel, Polypropylene, Polyester; By Application: Food and Beverage, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Strapping Machine Market Outlook
The global strapping machine market attained a value of about USD 4.9 billion in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 4.7% to reach nearly USD 6.5 billion by 2026.
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Extensive Use of Strapping Machine in the Food and Beverage Industry is Boosting the Industry Growth
The market for strapping machine is being aided by the robust growth of the food and beverage industry. As food and beverage products require enhanced security to prevent contamination, strapping machines are increasingly being used in food and beverage packaging, which is propelling the market growth. In addition, the rising demand for strapping machines for palletisation in the food and beverage industry is augmenting the industry growth further. The growing use of plastic-based strapping is also increasing the use of strapping machines, which is fuelling the market growth. Moreover, the cost-effectiveness of strapping machines makes them ideal for use in logistics and transportation, which is further invigorating the market growth. As hand tools of versatile materials, such as steel, are increasingly being deployed in packaging, the demand for semi-automatic strapping machines is surging significantly, which is propelling the market growth. Furthermore, the development of strapping machines that can provide cost-effective and simple methods for food and beverage packaging while increasing their durability is significantly contributing to the market growth.
Strapping Machine: Market Segmentation
A strapping machine, variously known as a bundler, is a machine that is used to keep boxes, bundles, and packages that are held tightly together. It is used in the packaging of products, such as food, household appliances, and beverages. The straps provided by strapping machines are typically made up of polyester, polypropylene, and steel.
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The major product segments in the market are:
- Semi-Automatic
- Automatic
- Fully Automatic
The market can be broadly categorised on the basis of its materials into:
- Steel
- Polypropylene
- Polyester
By applications, the market is divided into:
- Food and Beverage
- Consumer Appliances
- Household Appliances
- Newspaper and Graphics
- Others
The EMR report looks into the regional markets of strapping machine like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Strapping Machine in the E-Commerce Sector to Invigorate the Market Growth
The demand for strapping machines escalated due to the robust growth of the e-commerce sector. As major e-commerce platforms, such as Amazon and eBay, are increasingly improving their logistics, strapping machines are being deployed in warehouses to wrap plastic or other materials around the product to prevent mechanical damage, which is augmenting the market growth. Strapping machines are also increasingly being deployed to enhance workers’ safety by preventing the risk of injuries, hence further bolstering the industry growth. In addition, fully automatic strapping machines are cost-effective and eliminate labour costs for strapping, due to which it is extensively used and is fuelling the growth of the market.
As the logistics industry is significantly growing while adopting various technological advancements, such as robotics, artificial intelligence (AI), and the Internet of things (IoT), among others, the demand for strapping machines for effective packaging is surging, which, in turn, is propelling the market growth. Moreover, the advent of Industry 4.0 is increasing the use of machinery for tedious tasks, which is also expected to increase the deployment of strapping machines, which is further projected to propel the market growth in upcoming years.
Key Industry Players in the Global Strapping Machine Market
The report presents a detailed analysis of the following key players in the global strapping machine market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Dynaric, Inc.
- Polychem Corporation
- StraPack, Inc.
- Transpak Equipment Corp.
- Signode Industrial Group LLC
- Fromm Holding AG
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Material, Application, Region |
| Breakup by Product | Semi-Automatic, Automatic, Fully Automatic |
| Breakup by Material | Steel, Polypropylene, Polyester |
| Breakup by Application | Food and Beverage, Consumer Appliances, Household Appliances, Newspaper and Graphics, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Dynaric, Inc., Polychem Corporation, StraPack, Inc., Transpak Equipment Corp., Signode Industrial Group LLC, Fromm Holding AG, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Strapping Machine Market Analysis
8.1 Key Industry Highlights
8.2 Global Strapping Machine Historical Market (2018-2022)
8.3 Global Strapping Machine Market Forecast (2023-2028)
8.4 Global Strapping Machine Market by Product
8.4.1 Semi-Automatic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Automatic
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Fully Automatic
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Strapping Machine Market by Material
8.5.1 Steel
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Polypropylene
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Polyester
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Strapping Machine Market by Application
8.6.1 Food and Beverage
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Consumer Appliances
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Household Appliances
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Newspaper and Graphics
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Strapping Machine Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Strapping Machine Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Strapping Machine Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Strapping Machine Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Strapping Machine Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Strapping Machine Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Dynaric, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Polychem Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 StraPack, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Transpak Equipment Corp.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Signode Industrial Group LLC
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Fromm Holding AG
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Strapping Machine Market: Key Industry Highlights, 2018 and 2028
2. Global Strapping Machine Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Strapping Machine Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Strapping Machine Historical Market: Breakup by Material Type (USD Billion), 2018-2022
5. Global Strapping Machine Market Forecast: Breakup by Material Type (USD Billion), 2023-2028
6. Global Strapping Machine Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Strapping Machine Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Strapping Machine Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Strapping Machine Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Global Strapping Machine Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Global Strapping Machine Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Global Strapping Machine Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Global Strapping Machine Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Global Strapping Machine Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Global Strapping Machine Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Global Strapping Machine Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Global Strapping Machine Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Global Strapping Machine Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Global Strapping Machine Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Strapping Machine Market Structure
Key Questions Answered in the Report
In 2020, the global strapping machine market attained a value of nearly USD 4.9 billion.
The market is projected to grow at a CAGR of 4.7% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 6.5 billion by 2026.
The market is being aided by the rising demand for polypropylene strapping and the rising demand for strapping machines in the palletisation and transportation of food and beverage products.
The industry is anticipated to be aided by the rising demand for strapping machines due to the robust growth of the e-commerce sector, the growing deployment of fully automatic strapping machines in Industry 4.0, and the extensive use of strapping machines in the logistics industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products in the industry are semi-automatic, automatic. and fully automatic.
The significant materials of strapping machine in the market are steel, polypropylene, and polyester.
The leading application segments of strapping machines are food and beverage, consumer appliances, household appliances, and newspaper and graphics, among others.
The major players in the industry are Dynaric, Inc., Polychem Corporation, StraPack, Inc., Transpak Equipment Corp., Signode Industrial Group LLC, and Fromm Holding AG, among others.
Analyst Review
The global strapping machine market attained a value/volume of nearly USD 4.9 billion in 2020, driven by the rising demand for strapping machines in the palletisation and transportation of food and beverage products. Aided by the growing deployment of fully automatic strapping machines in Industry 4.0, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.7%. The market is projected to reach about USD 6.5 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the strapping machine industry can be segmented into semi-automatic, automatic, and fully automatic. On the basis of material, the industry is divided into steel, polypropylene, and polyester. By application, the market is segmented into food and beverage, consumer appliances, household appliances, and newspaper and graphics, among others. The major regional markets for strapping machine are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Dynaric, Inc., Polychem Corporation, StraPack, Inc., Transpak Equipment Corp., Signode Industrial Group LLC, and Fromm Holding AG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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