Menu ×

PACKAGING

Strapping Machine Market : Global Demand Analysis & Opportunity Outlook 2024

  • Report ID: 431
  • Text Size:

Extensive insights into the Growth of Strapping Machine Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

Strapping Machine Market Overview

Strapping machines are either manual or automatic machines which are used for strapping or to seal one or more than one products together. Strapping machines are perfect solution for industries which are looking for better options for packaging of their products. Further, strapping machine uses a roll of strapping which is further rolled around the boxes, packages or other products to seal them tightly. Moreover, strapping machines are highly used in shipping industries where proper packaging of products or parcels is one of major concern. However, strapping machines have a number of applications in different places such as commercial printing, food packaging, general packing, postal services and others. Their of plenty of different type of strapping machines are present in market such as pallet strapping machines, table top strapping machines and other strapping machines.

Market Size & Forecast

Global strapping machine market is projected to flourish at a robust compound annual growth rate (CAGR) of 4.8% over the forecast period i.e. 2017-2024. Further, global market of strapping machine is expected to reach at revenue of USD 6.7 Billion by the end of 2024. Growing food and beverage industries and packaging industries are expected to be the dynamic factors behind the growth of global strapping machine market during forecast period.

strapping machine market

In terms of region, global strapping machine market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Further, North America region is anticipated to witness a significant growth during the forecast period due to growth of food and beverages industries and growing consumer’s good packaging industries in North America region. Moreover, Europe region is anticipated to grow at a steady pace during the forecast period.CLICK TO DOWNLOAD FREE SAMPLE

Development of new food & beverages industries, increasing disposable income of the consumers and growing middle class are some of the major factors which have made Asia Pacific region fastest growing market for strapping machines. Additionally, Asia Pacific region is expected to flourish at a compound annual growth rate (CAGR) of 5.8% during the forecast period. Economies such as India, China and Japan are expected to be the major contributors to the growth of strapping machine market in this region.

Market Segmentation

Our-in depth analysis of the global strapping machine market includes the following segments:

By Product

  • Hand Strapping Machines
  • Automatic Strapping Machines
  • Semi-Automatic Strapping Machines
  • Automatic Arch Strapping Machines

By Strapping Material

  • Regular Steel
  • High Tensile Steel
  • Stainless Steel
  • Zinc Coated
  • Polyester
  • Poly
  • Poly Cord
  • Plastic
  • PP
  • PET

By End Use

  • Food & Beverage
  • Consumer Good
  • Commercial Printing
  • Postal
  • General Packaging
  • Others (Electronic Industries, Wood Industries)

By Application

  • Bundling
  • Handling Aid
  • Load Securing
  • Binding
  • Packaging

By Region

Global strapping machine market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers & Challenges

Global strapping machine market is primarily driven by factor such as growing consumer goods industries and increasing food & beverages industries. Use of strapping machines in these industries for packaging of products is likely to drive the growth of global strapping machine market in near future.

Moreover over strapping machines are very reliable in terms of proper packaging of products such as box or bundling of woods and at the same time guaranty their safety too. Further, rising demand for better solution of product packaging in industries such as food & beverage, printing and other is expected to be driving the growth of global strapping machine market during forecast period.

Additionally, technological advancements with strapping machines are also a major factor which is escalating the demand for strapping machines in industries. Moreover, increasing disposable income of the consumers and rising demand for packaged food items are some of the dynamic factors behind the growth of global strapping machine market. Furthermore, these factors are likely to drive the growth of strapping machine market in near future.

However, providence of safety measurements to strapping machines while manufacturing is a major challenge to the global strapping machine market. Additionally, availability of conventional machines for strapping purposes and use of aluminum as an alternative material for strappings are major factors which are anticipated to dampen the growth of global strapping market.           

Key Players

  • Transpak Equipment Corp.
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financial
  • Strapex
  • Polychem
  • Signod Packaging System Corp.
  • Australian Warehouse Solution
  • Dynaric Inc.
  • Samual Strapping Products
  • Messersi  Packaging
  • Mosca GmBh

Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The global strapping machine market is segmented as follows:

  • By Product Market Size & Y-O-Y Growth Analysis
  • By Strapping Material Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By End User Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2020 Research Nester. All Rights Reserved