Press release
Strapping Equipment Industry is poised to expand at 4.6% CAGR over the forecast period by 2032
Strapping equipment is increasingly being adopted in sectors such as food & beverages, shipping & logistics, building and construction, and automobile to pack heavy and bulky boxes. Usually, materials such as polyester, steel or plastic are used in strapping equipment to pack the product. Polyester is used as the strongest and most rigid material for packaging.
The E-commerce sector is estimated to boost the market for the strapping equipment as it is used most frequently in it. Most industries are focussing on increasing productivity by reducing packaging time and ensuring 360-degree protection of bulk loads.
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Strapping equipment help to increase strength of heavy and bulk packages during loading and unloading thus consumes less processing time. On the back of this, end user's inclination towards automatic strapping equipment has increased in recent years.
"Growing adoption of automatic strapping equipment across the food & beverage sector, along with increasing sales of consumer electronics across the globe," says an FMI analyst.
Key Takeaways:
Consumption of strapping equipment in shipping and logistics industry is expected to hold 1/3rd of the total market share over the forecast period.
The demand for automated strap machines is significantly increasing. Every 5 out of 10 strapping equipment sold are automatic strapping equipment.
Sales of vertical strapping equipment are expected to create an incremental opportunity of US$ 658 Mn during 2022-2032.
North America and South Asia are estimated to be lucrative markets for strapping equipment.
Competition Landscape
Signode Industrial Group LLC, Cyklop International, Dongguan Xutian Packing Machine Co. Ltd., 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, 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.
Global Strapping Equipment Market Report
Future market insights, in its new report, offers an unbiased analysis of the global market for strapping equipment market by product type (horizontal strapping equipment and vertical strapping equipment), by automation (manual, semi-automatic and automatic), by end-use industry (automobile, food & beverages, building & construction, electrical & electronics, household appliances, shipping & logistics and others), across seven regions.
Strapping Equipment Market by Category
By Product Type:
Horizontal Strapping Machine
Vertical Strapping Machine
By Automation:
Manual
Semi-automatic
Automatic
By End Use Industry:
Shipping & logistics
Food & Beverages
Building & Construction
Electrical & Electronics
Household Appliances
Automobile
By Region:
North America
Latin America
Europe
South Asia
East Asia
Middle East & Africa
Oceania
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Table of Content
Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Impact of COVID-19
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Value Chain Analysis
3.3.1. Profit Margin Analysis
3.3.2. Manufacturers, Wholesalers and Distributors
3.3.3. End Use Industry
3.4. Regulatory Landscape
3.5. Regional Parent Market Outlook
3.6. Production and Consumption Statistics
3.7. Global Average Pricing Analysis Benchmark
Global Strapping Equipment Market Analysis 2015-2021 and Forecast 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2015-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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