According to the latest report by IMARC Group, “Strapping Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global strapping machine market size reached US$ 5.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
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.
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Strapping Machine Market Trends and Drivers:
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.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
FROMM Holding AG
Messersì Packaging S.r.l.
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:
Breakup by Material:
Breakup by Style:
Breakup by Application:
Food and Beverage
Newspaper and Graphics
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 (2017-2022)
Market Outlook (2023-2028)
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
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