PUBLISHER: IMARC | PRODUCT CODE: 1390800
PUBLISHER: IMARC | PRODUCT CODE: 1390800
Strapping Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
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 4.28% during 2022-2028. The growing application in the pharmaceutical and food and beverage (F&B) industries, increasing preferences of companies to maintain the safety of their employees, and rising awareness about the benefits of automating various labor-intensive tasks represent some of the key factors driving the market.
A strapping machine relies on sensors essential for detecting the presence of a targeted product or box and rotating the straps around while transportation. It consists of a wide variety of strapping materials, such as steel, high-tensile steel, polypropylene, and polyester. It enables bundling and securing pallet loads, boxes, cases, and soft and hard packages together. A strapping machine is commercially available as a semi-automatic and fully automatic strapping machine, which offers a drop-off area or conveyor system to position a load and ensure proper strapping. It secures products with each other by unitizing them for easier handling and transport. It also improves containment strength and secures a load to a shipping pallet. It ensures intact packaging and protects the products from contamination during shipping. It also minimizes the risk of spillage or collapse and enhances package safety and overall efficiency. Furthermore, as a strapping machine is efficient and reliable, its demand is presently increasing around the world.
Strapping Machine Market Trends:
At present, the rising demand for strapping machines to secure fragile and bulky products in warehouses and industries represents one of the primary factors influencing the market positively. Besides this, the increasing preference of companies to maintain the safety of their employees and prevent the occurrence of any health hazards while handling products is currently propelling the growth of the market worldwide. In addition to this, governing agencies of various countries are laying out standards and regulations to be maintained in industries for the safety of workers and operators. Apart from this, the growing employment of strapping machines in the pharmaceutical and food and beverage (F&B) industries to handle perishable and delicate products and maintain hygiene in the packaging process is offering a favorable market outlook. Furthermore, the rising awareness about the benefits of automating various labor-intensive and difficult tasks to enhance the operational efficiency of production units is contributing to the growth of the market. Moreover, the increasing utilization of strapping machines to hold, stabilize, and fasten various heavy metal parts used in the automotive, consumer electronics, and building and construction industries is supporting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global strapping machine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, material, style and application.
Product Insights:
Semi-Automatic
Automatic
Fully Automatic
The report has provided a detailed breakup and analysis of the strapping machine market based on the product. This includes semi-automatic, automatic, and fully automatic. According to the report, semi-automatic represented the largest segment.
Material Insights:
Steel
Polypropylene
Polyester
A detailed breakup and analysis of the strapping machine market based on the material has also been provided in the report. This includes steel, polypropylene, and polyester. According to the report, polypropylene accounted for the largest market share.
Style Insights:
Palette Strappers
Table-top Strappers
RQ-8 Strappers
A detailed breakup and analysis of the strapping machine market based on the style has also been provided in the report. This includes palette strappers, table-top strappers, and RQ-8 strappers.
Application Insights:
Food and Beverage
Consumer Electronics
Household Appliances
Newspaper and Graphics
Others
A detailed breakup and analysis of the strapping machine market based on the application has also been provided in the report. This includes food and beverage, consumer electronics, household appliances, newspaper and graphics, and others. According to the report, food and beverage accounted for the largest market share.
Regional Insights:
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
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) was the largest market for strapping machine. Some of the factors driving the Asia Pacific strapping machine market included the growing automation of difficult tasks, rising awareness about the benefits of fully automated product variants, rapid growth in the packaging industry, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global strapping machine market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered Dynaric Inc., FROMM Holding AG, Maillis Group, Messersi Packaging S.r.l., Mosca GmbH, Polychem Corporation, Samuel Son & Co., Signode Industrial Group LLC (Crown Holdings Inc.), StraPack Inc., Strapex, Transpak Equipment Corp., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1. How big is the global strapping machine market?
- 2. What is the expected growth rate of the global strapping machine market during 2023-2028?
- 3. What are the key factors driving the global strapping machine market?
- 4. What has been the impact of COVID-19 on the global strapping machine market?
- 5. What is the breakup of the global strapping machine market based on the product?
- 6. What is the breakup of the global strapping machine market based on the material?
- 7. What is the breakup of the global strapping machine market based on the application?
- 8. What are the key regions in the global strapping machine market?
- 9. Who are the key players/companies in the global strapping machine market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Strapping Machine Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Semi-Automatic
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Automatic
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Fully Automatic
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Material
- 7.1 Steel
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Polypropylene
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Polyester
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Style
- 8.1 Palette Strappers
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Table-top Strappers
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 RQ-8 Strappers
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Application
- 9.1 Food and Beverage
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Consumer Electronics
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Household Appliances
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Newspaper and Graphics
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Dynaric Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 FROMM Holding AG
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Maillis Group
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Messersi Packaging S.r.l.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Mosca GmbH
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Polychem Corporation
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Samuel Son & Co.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Signode Industrial Group LLC (Crown Holdings Inc.)
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 StraPack Inc.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Strapex
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Transpak Equipment Corp.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.1 Dynaric Inc.
List of Figures
- Figure 1: Global: Strapping Machine Market: Major Drivers and Challenges
- Figure 2: Global: Strapping Machine Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Strapping Machine Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Strapping Machine Market: Breakup by Product (in %), 2022
- Figure 5: Global: Strapping Machine Market: Breakup by Material (in %), 2022
- Figure 6: Global: Strapping Machine Market: Breakup by Style (in %), 2022
- Figure 7: Global: Strapping Machine Market: Breakup by Application (in %), 2022
- Figure 8: Global: Strapping Machine Market: Breakup by Region (in %), 2022
- Figure 9: Global: Strapping Machine (Semi-Automatic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Strapping Machine (Semi-Automatic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Strapping Machine (Automatic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Strapping Machine (Automatic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Strapping Machine (Fully Automatic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Strapping Machine (Fully Automatic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Strapping Machine (Steel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Strapping Machine (Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Strapping Machine (Polypropylene) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Strapping Machine (Polypropylene) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Strapping Machine (Polyester) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Strapping Machine (Polyester) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Strapping Machine (Palette Strappers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Strapping Machine (Palette Strappers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Strapping Machine (Table-top Strappers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Strapping Machine (Table-top Strappers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Strapping Machine (RQ-8 Strappers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Strapping Machine (RQ-8 Strappers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Strapping Machine (Food and Beverage) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Strapping Machine (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Strapping Machine (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Strapping Machine (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Strapping Machine (Household Appliances) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Strapping Machine (Household Appliances) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Strapping Machine (Newspaper and Graphics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Strapping Machine (Newspaper and Graphics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Strapping Machine (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Strapping Machine (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: North America: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: North America: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: United States: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: United States: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Canada: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Canada: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Asia-Pacific: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Asia-Pacific: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: China: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: China: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Japan: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Japan: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: India: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: India: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: South Korea: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: South Korea: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Australia: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Australia: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Indonesia: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Indonesia: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Others: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Others: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Europe: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Europe: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Germany: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Germany: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: France: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: France: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: United Kingdom: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: United Kingdom: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Italy: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Italy: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Spain: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Spain: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Russia: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Russia: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Others: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Others: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Latin America: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Latin America: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Brazil: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Brazil: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Mexico: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Mexico: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Others: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Others: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Middle East and Africa: Strapping Machine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Middle East and Africa: Strapping Machine Market: Breakup by Country (in %), 2022
- Figure 85: Middle East and Africa: Strapping Machine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Global: Strapping Machine Industry: SWOT Analysis
- Figure 87: Global: Strapping Machine Industry: Value Chain Analysis
- Figure 88: Global: Strapping Machine Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Strapping Machine Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Strapping Machine Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Strapping Machine Market Forecast: Breakup by Material (in Million US$), 2023-2028
- Table 4: Global: Strapping Machine Market Forecast: Breakup by Style (in Million US$), 2023-2028
- Table 5: Global: Strapping Machine Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 6: Global: Strapping Machine Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Strapping Machine Market: Competitive Structure
- Table 8: Global: Strapping Machine Market: Key Players
