Strapping Machine Market Size to Hit US$ 7.2 Billion at 3.2% CAGR by 2028 | IMARC Group

The latest report by IMARC Group, titled "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.

A strapping machine, also known as a banding machine or strapping tool, is a device used in various industries to secure and bundle items together using straps or bands made of materials such as plastic, steel, or polyester. These machines automate the process of applying strapping material to packages, boxes, or products, ensuring they are tightly and securely held together. Strapping machines are available in various types, including manual, semi-automatic, and fully automatic models. Manual strapping tools require an operator to tension, seal, and cut the strap manually. Semi-automatic machines assist in tensioning and sealing the strap while manually loading and positioning of the straps. Fully automatic strapping machines are the most efficient and require minimal human intervention, as they can automatically feed, tension, seal, and cut the strap, making them ideal for high-volume operations.

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Strapping Machine Market Trends and Drivers:

The rapid expansion of e-commerce has increased demand for strapping machines as companies strive to package and secure products for shipping efficiently. The need for speed, consistency, and cost-effectiveness in packaging operations is pushing e-commerce businesses to adopt strapping machinery. Additionally, the trend toward industrial automation and the adoption of Industry 4.0 principles are driving the demand for automated strapping machines. Manufacturers are seeking ways to streamline their packaging processes, reduce manual labor, and enhance production efficiency, leading to the adoption of automated strapping solutions. Other than this, increasing awareness about environmental sustainability is prompting businesses to adopt eco-friendly packaging practices. Strapping machines enable the use of recyclable and biodegradable strapping materials, aligning with sustainability goals. Besides this, the manufacturing and construction sectors require strapping machines for bundling materials like lumber, steel, and bricks, facilitating safe handling and transport, thus boosting the market.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Dynaric Inc.
FROMM Holding AG
Maillis Group
Messersì Packaging S.r.l.
Mosca GmbH
Polychem Corporation
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:

Semi-Automatic
Automatic
Fully Automatic

Breakup by Material:

Steel
Polypropylene
Polyester

Breakup by Style:

Palette Strappers
Table-top Strappers
RQ-8 Strappers

Breakup by Application:

Food and Beverage
Consumer Electronics
Household Appliances
Newspaper and Graphics
Others

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 Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

Explore full report with table of contents: https://www.imarcgroup.com/strapping-machine-market

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This release was published on openPR.