Global Strapping Machine Market Report and Forecast 2024-2032

Global Strapping Machine Market Outlook

The global strapping machine market attained a value of about USD 5.62 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.8% to reach nearly USD 8.57 billion by 2032.  

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Extensive Use of Strapping Machine in the Food and Beverage Industry is Boosting the Industry Growth

The market for strapping machine is being aided by the robust growth of the food and beverage industry. As food and beverage products require enhanced security to prevent contamination, strapping machines are increasingly being used in food and beverage packaging, which is propelling the market growth. In addition, the rising demand for strapping machines for palletisation in the food and beverage industry is augmenting the industry growth further. The growing use of plastic-based strapping is also increasing the use of strapping machines, which is fuelling the market growth. Moreover, the cost-effectiveness of strapping machines makes them ideal for use in logistics and transportation, which is further invigorating the market growth. As hand tools of versatile materials, such as steel, are increasingly being deployed in packaging, the demand for semi-automatic strapping machines is surging significantly, which is propelling the market growth. Furthermore, the development of strapping machines that can provide cost-effective and simple methods for food and beverage packaging while increasing their durability is significantly contributing to the market growth.

Strapping Machine: Market Segmentation

A strapping machine, variously known as a bundler, is a machine that is used to keep boxes, bundles, and packages that are held tightly together. It is used in the packaging of products, such as food, household appliances, and beverages. The straps provided by strapping machines are typically made up of polyester, polypropylene, and steel.

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The major product segments in the market are:

• Semi-Automatic
• Automatic
• Fully Automatic

The market can be broadly categorised on the basis of its materials into:

• Steel
• Polypropylene
• Polyester

By applications, the market is divided into:

• Food and Beverage
• Consumer Appliances
• Household Appliances
• Newspaper and Graphics
• Others

The EMR report looks into the regional markets of strapping machine like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Demand for Strapping Machine in the E-Commerce Sector to Invigorate the Market Growth

The demand for strapping machines escalated due to the robust growth of the e-commerce sector. As major e-commerce platforms, such as Amazon and eBay, are increasingly improving their logistics, strapping machines are being deployed in warehouses to wrap plastic or other materials around the product to prevent mechanical damage, which is augmenting the market growth. Strapping machines are also increasingly being deployed to enhance workers’ safety by preventing the risk of injuries, hence further bolstering the industry growth. In addition, fully automatic strapping machines are cost-effective and eliminate labour costs for strapping, due to which it is extensively used and is fuelling the growth of the market.

As the logistics industry is significantly growing while adopting various technological advancements, such as robotics, artificial intelligence (AI), and the Internet of things (IoT), among others, the demand for strapping machines for effective packaging is surging, which, in turn, is propelling the market growth. Moreover, the advent of Industry 4.0 is increasing the use of machinery for tedious tasks, which is also expected to increase the deployment of strapping machines, which is further projected to propel the market growth in upcoming years.

Key Industry Players in the Global Strapping Machine Market

The report presents a detailed analysis of the following key players in the global strapping machine market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Dynaric, Inc.
• Polychem Corporation
• StraPack, Inc.
• Transpak Equipment Corp.
• Signode Industrial Group LLC
• Fromm Holding AG
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report