Market Insights:
The global Strapping Machine Market is projected to grow from USD 5.2 Bn in 2021 to 7.9 Bn by 2030, at a CAGR of 4.7% in forecast period, 2022-2030.
Driver:
The increased adoption of Strapping Machine in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Strapping Machine also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Strapping Machine in many sectors also boosts the market growth during the forecast period.
A strapping machine is a piece of equipment that incorporates all essential tasks such as closing, cutting, and tensioning into a single unit. Because they are low in weight, they are easy to deal with. This device is used to hold boxes, packages, and bundles together and tight. There are 3 major purposes of strapping; pallet strapping, to link one parcel to another, and to add greater strength. It may be used to secure practically anything, from delicate goods to large weights. A strapping machine is powered by electricity and employs strapping to produce a tight closure on bundles and shipments that is guaranteed to hold.
Strapping Machine Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product type (Semi-Automatic, Automatic, Fully Automatic), By Application (Food & Beverage, Consumer Electronics, Household appliances, Newspaper, Graphics, Others), By Material (Food & Beverage, Consumer Electronics, Household appliances, Newspaper, Graphics, Others), By Style (Palette strappers, Table top strappers, RQ-8 strappers) and companies (Polychem Corporation, Samuel, Son & Co., StraPack, Corp., Tiger Pack, Inc., TITAN Umreifungstechnik GmbH and Co. KG, Transpak Equipment Corp, VENUS HARTUNG PTY LTD,GTI Industries Inc, FELINS, ASN Packaging Pvt Ltd,Dongguan Xutian Packing Machine Co. Ltd., Signode Industrial Group LLC, Cyklop International, Dynaric Inc., Fromm Holding AG, Hefei Seelong Import and Export Group Co. Ltd., Messersi Packaging Srl, Mosca GmbH, North Shore Strapping Inc., Packmaster Machinery Pvt Ltd.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 4.7%, over the forecast period of 2022–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 7.9 Billion |
| CAGR (2022-2030) | 4.7% |
| By Product Type | Semi-Automatic, Automatic, Fully Automatic. |
| By Application | Food & Beverage, Consumer Electronics, Household appliances, Newspaper, Graphics, Others. |
| By Material | Steel, Polypropylene, Polyester. |
| By Style | Palette strappers, Table top strappers, RQ-8 strappers. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Polychem Corporation, Samuel, Son & Co., StraPack, Corp., Tiger Pack, Inc., TITAN Umreifungstechnik GmbH and Co. KG, Transpak Equipment Corp, VENUS HARTUNG PTY LTD,GTI Industries Inc, FELINS, ASN Packaging Pvt Ltd,Dongguan Xutian Packing Machine Co. Ltd., Signode Industrial Group LLC, Cyklop International, Dynaric Inc., Fromm Holding AG, Hefei Seelong Import and Export Group Co. Ltd., Messersi Packaging Srl, Mosca GmbH, North Shore Strapping Inc., Packmaster Machinery Pvt Ltd. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Strapping Machine market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Polychem Corporation, Samuel, Son & Co., StraPack, Corp., Tiger Pack, Inc., TITAN Umreifungstechnik GmbH and Co. KG, Transpak Equipment Corp, VENUS HARTUNG PTY LTD,GTI Industries Inc, FELINS, ASN Packaging Pvt Ltd,Dongguan Xutian Packing Machine Co. Ltd., Signode Industrial Group LLC, Cyklop International, Dynaric Inc., Fromm Holding AG, Hefei Seelong Import and Export Group Co. Ltd., Messersi Packaging Srl, Mosca GmbH, North Shore Strapping Inc., Packmaster Machinery Pvt Ltd.
Market Segment Analysis:
Product Type
- Semi-Automatic
- Automatic
- Fully Automatic
By Application
- Food & Beverage
- Consumer Electronics
- Household appliances
- Newspaper
- Graphics
- Others
By Material
- Steel
- Polypropylene
- Polyester
By Style
- Palette strappers
- Table top strappers
- RQ-8 strappers
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Strapping Machine industries in the region.
Key Strapping Machine Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Strapping Machine Market segments.
– Largest Market Share Held by Industry to Industry for Strapping Machine
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Strapping Machine Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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