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Strapping Machine Market worth $7.04 billion by 2030, growing at a CAGR of 6.06% - Exclusive Report by 360iResearch
Strapping Machine Market | 360iResearch
The Global Strapping Machine Market to grow from USD 4.39 billion in 2022 to USD 7.04 billion by 2030, at a CAGR of 6.06%.
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A strapping machine is a device used for holding items together with a strap to combine, stabilize, hold, reinforce, or fasten them. The strapping machines are applied in bundling items together for handling and shipment of food, concrete blocks, or cardboard boxes. The growth of the strapping machine market is primarily attributed to the rising demand for consumer goods and the expansion of the packaging industry. With the rise in e-commerce, there is a greater need for efficient packaging solutions to ensure the safe transportation of goods. Additionally, advancements in technology have resulted in the fully automatic and semi-automatic strapping machines, which offer enhanced speed and efficiency. The continuous growth in the manufacturing sector globally also acts as a significant driver for the demand for strapping machines. However, the high initial investment and maintenance costs of strapping machines may hamper small and medium enterprises (SMEs) to afford such capital-intensive equipment. Despite these challenges, the development and adoption of strapping machines that are compatible with recyclable and biodegradable materials can open new avenues for growth. Innovations in machine design that reduce energy consumption and increase automation could also propel the market forward.
The strapping machine market in the Americas is characterized by a significant demand, primarily fueled by the robust e-commerce, manufacturing, and logistics sectors. Innovations and technological advancements, such as automation and integration of IoT in strapping machines, are driving the market forward. The EMEA region, encompassing Europe, the Middle East, and Africa, presents a diverse market landscape for strapping machines. Europe stands out with a strong emphasis on sustainability and eco-friendly packaging solutions, driving the demand for advanced and automated strapping machines. The Middle East shows potential for growth in the logistics and construction sectors, whereas Africa is gradually witnessing increased adoption due to its developing packaging industry. Market growth in EMEA is facilitated by stringent regulations emphasizing safety and environmental concerns, pushing companies to innovate. The Asia-Pacific region is the fastest-growing strapping machine market, with the expanding manufacturing and e-commerce sectors, increasing urbanization, and the rise of the middle-class population with higher purchasing power. The APAC region benefits from cost-effective manufacturing processes and is a hub for significant innovations in the strapping industry.
Market Segmentation & Coverage:
This research report categorizes the Strapping Machine Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material, market is studied across Baler Twines, PET, PP, PVC, and Steel. The PVC commanded largest market share of 31.21% in 2022, followed by PET.
Based on Product Type, market is studied across Automatic Strapping Machines, Hand-tools Strapping Machines, and Semiautomatic Strapping Machines. The Hand-tools Strapping Machines is projected to witness significant market share during forecast period.
Based on End-user, market is studied across Building & Construction, Commercial Printing, Consumer good, Electronic industry, Food & Beverage, General Packaging, and Pharmaceutical. The General Packaging commanded largest market share of 26.11% in 2022, followed by Building & Construction.
Based on Application, market is studied across Bundling, Closing, Handling Aid, and Load Securing. The Load Securing commanded largest market share of 37.08% in 2022, followed by Bundling.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 38.58% in 2022, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Strapping Machine Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Strapping Machine Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Strapping Machine Market, highlighting leading vendors and their innovative profiles. These include Allespack Systems Private Limited, Avi International Packaging Company, Cyklop International, Dg Jingduan Packaging Technology Co., Ltd., Dongguan Xutian Packing Machine Co., Ltd., FEIFER-kovovýroba, spol. s r.o., FROMM Holding AG, Greenbridge, Hangzhou Youngsun Intelligent Equipment Co., Ltd., Humboldt Verpackungstechnik GmbH, Itipack S.R.L., Join Pack Machines (Pvt.) Ltd., LINDER GmbH, Messersì Packaging S.r.l., Mosca GmbH, Packmaster Machinery Private Limited, Packway Inc., Samuel, Son & Co., Ltd., Sepack India Private Limited, Shri Vinayak Packaging Machine Pvt. Ltd., Signode Industrial Group LLC, SORSA Strapping Systems, StraPack, Corp., TART, s.r.o., and Venus Packaging.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Strapping Machine Market, by Material
7. Strapping Machine Market, by Product Type
8. Strapping Machine Market, by End-user
9. Strapping Machine Market, by Application
10. Americas Strapping Machine Market
11. Asia-Pacific Strapping Machine Market
12. Europe, Middle East & Africa Strapping Machine Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Strapping Machine Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Strapping Machine Market?
3. What is the competitive strategic window for opportunities in the Strapping Machine Market?
4. What are the technology trends and regulatory frameworks in the Strapping Machine Market?
5. What is the market share of the leading vendors in the Strapping Machine Market?
6. What modes and strategic moves are considered suitable for entering the Strapping Machine Market?
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