Strapping Machine Market Size to Reach US$ 7.13 Billion 2022-2027 - IMARC Group

According to the latest report by IMARC Group, “Strapping Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global strapping machine market reached a value of US$ 5.35 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.13 Billion by 2027, exhibiting at a CAGR of 4.9% during 2022-2027.

Strapping machines, also known as bundlers or banders, refer to mechanical devices that can enhance the speed of the process of bundling and securing pallet loads, boxes, cases, and bulky loads during transportation and storage. They dispense the straps sealed around the boxes for efficient packaging and increasing package safety and overall efficiency by minimizing the risk of shipping damage, collapse, and spillage. Nowadays, manufacturers are offering customizable straps made from polypropylene, polyester, and metals.

Covid-19 Impact:

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends

The growing demand for effective packaging solutions for handling pharmaceutical products, electrical appliances, household goods, and paper items represents one of the key factors driving the market. Moreover, strapping machines are extensively used in the packaging and palletization of food and beverages and for protectingthem against contamination and spoilage. Furthermore, innovations in designs and functional improvements in automated strapping machines areacting as another growth-inducing factor. Besides this, the increasing adoption of industrial automation, along with the development of innovative strapping machines, is expected to strengthen the market growth.

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 (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

For more information about this report visit: https://www.imarcgroup.com/strapping-machine-market

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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