NEW
YORK, July 29, 2024 /PRNewswire/ -- The
global strapping machine market size is estimated to grow
by USD 1.32 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 4.5% during the forecast period. Rising demand for
strapping machines from e-commerce sector is driving market
growth, with a trend towards high growth potential in
emerging economies. However, emergence of robots in strapping
process poses a challenge. Key market players include ASN
Packaging Pvt Ltd., Crown Holdings Inc., Crown Packaging Corp.,
Cyklop International,
Dongguan Xutian Packing Machine Co. Ltd., Dynaric
Inc., Fromm Holding AG, Hefei Seelong Import and Export Group Co.
Ltd., Hunan ADTO Industrial Group Co. Ltd., Messersi Packaging Srl,
Mosca GmbH, North Shore Strapping Inc., Packmaster Machinery Pvt
Ltd., Polychem Corp., Samuel Son and
Co. Ltd., StraPack Corp., Tiger Pack Inc., TITAN Umreifungstechnik
GmbH and Co. KG, Transpak Equipment Corp., and VENUS HARTUNG PTY
LTD..
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landscape, and companies- View the snapshot of this
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Strapping Machine
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.5%
|
Market growth
2024-2028
|
USD 1329
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.23
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
Europe at
33%
|
Key
countries
|
US, China, Germany,
Canada, and UK
|
Key companies
profiled
|
ASN Packaging Pvt Ltd.,
Crown Holdings Inc., Crown Packaging Corp., Cyklop International,
Dongguan Xutian Packing Machine Co. Ltd., Dynaric
Inc., Fromm Holding AG, Hefei Seelong Import and Export Group Co.
Ltd., Hunan ADTO Industrial Group Co. Ltd., Messersi Packaging Srl,
Mosca GmbH, North Shore Strapping Inc., Packmaster Machinery Pvt
Ltd., Polychem Corp., Samuel Son and Co. Ltd., StraPack Corp.,
Tiger Pack Inc., TITAN Umreifungstechnik GmbH and Co. KG, Transpak
Equipment Corp., and VENUS HARTUNG PTY LTD.
|
Market Driver
The APAC region is experiencing significant growth in the
strapping machine market due to several factors. Industrialization
and economic developments in China, India,
and Japan are driving demand for
strapping machines in this region. APAC has seen a shift in
manufacturing facilities to take advantage of a cost-effective
workforce, less-stringent government regulations, and lower
transportation costs. The region is a leading producer of
electrical and electronic products and automobiles, contributing to
high global demand. End-user industries such as fiber and textile,
paper and printing, and electrical and electronics are experiencing
increased demand for strapping machines in countries like
China, South Korea, India, and Brazil. The expansion of the transportation,
electronics, and packaging industries in emerging economies is
expected to support the growth of the strapping machine market in
APAC during the forecast period.
The strapping machine market is thriving, particularly in
sectors like food and beverages and consumer goods. Key materials
include PP and PET strapping, as well as steel. Household
appliances and various industries use power strapping machines for
wrapping and packaging. The semi-automatic and automatic segments
lead the market, offering adjustable tension and improved
efficiency. Manual and mechanical machines are also popular for
smaller businesses and specific applications. Strapping materials
like cable straps, steel straps, and plastic straps ensure safety
and stability for pallet loads, boxes, and cases. Consumer
electronics, automotive industries, and various sectors benefit
from strapping technology. Sensors in strapping machines enhance
package safety, preventing contamination, spillage, and collapse.
The market prioritizes efficiency and cost-effectiveness, with a
focus on reducing carbon emissions. Fragile products require extra
care, making strapping an essential component in the shipping
process.
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Market Challenges
- Industrial and transit packaging end-users encounter challenges
in handling diverse product shapes, sizes, and weights. To enhance
packaging process efficiency, they adopt pick and pack robots for
end-of-line automation. Some strapping machine manufacturers, like
Samuel Packaging Systems Group, integrate robotic facilities, such
as ingot strapping machines with robot stackers. These machines
gather and stack ingots for strapping, eliminating manual labor.
Although robotic equipment costs approximately 40% more than
conventional automated alternatives, the savings from labor and
utilities offset the expense. The high cost currently limits
adoption in developing countries, but the increasing use of robots
may impact conventional strapping machine providers' market
opportunities.
- The strapping machine market faces several challenges in
various industries. One major challenge is the use of different
strapping materials for various types of loads, including pallets,
boxes, cases, soft packages, and hard packages. Ensuring package
safety during the strapping process is crucial for fragile and
bulky products, as well as perishable and delicate items. Safety
concerns at the drop off area and along the conveyor system are
also significant. Contamination, spillage, and collapse are
potential risks that must be addressed to maintain product quality
and worker safety. Compliance with standards and regulations is
essential to prevent health hazards for workers and operators.
Automation is a key trend in the strapping machine market to
increase operational efficiency and reduce labor-intensive tasks.
However, the implementation of automation requires heavy metal
parts and significant investment, which may be a challenge for
smaller production units. In summary, the strapping machine market
must address challenges related to package safety, efficiency, and
compliance while ensuring the safety of employees and addressing
potential health hazards. The use of various strapping materials
and automation are key considerations for manufacturers in this
market.
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challenges - Request a sample report!
Segment Overview
This strapping machine market report extensively covers market
segmentation by
- Product
- 1.1 Automatic
- 1.2 Semi-automatic
- Geography
- 2.1 North America
- 2.2 Europe
- 2.3 APAC
- 2.4 South America
- 2.5 Middle East and
Africa
1.1 Automatic- The strapping machine market is
experiencing steady growth due to increasing demand for automated
packaging solutions in various industries. These machines offer
efficiency, cost savings, and improved product safety. Key players
in this market include JBT Corporation, Multivac Sepp Haggenmüller
GmbH & Co. KG, and ProMach Inc. They invest in research and
development to introduce innovative technologies and expand their
product portfolios. The market is expected to continue growing due
to rising consumer expectations for convenient and safe
packaging.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
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reports
The machine tool market in India is witnessing robust growth driven by
industrial expansion and technological advancements. This market
encompasses a diverse range of products such as lathes, milling
machines, and grinding machines, catering to various end-users in
automotive, aerospace, and manufacturing sectors. Key players are
focusing on automation and precision engineering to meet rising
demands. With a strong emphasis on "Make in India," the market is poised for significant
growth, reflecting an increase in investments and innovation,
positioning India as a critical
hub for machine tool manufacturing and exports.
Research Analysis
The Strapping Machine Market encompasses a range of machinery
used for securing various types of loads, including pallet loads,
boxes, cases, and soft or hard packages. These machines utilize
strapping materials such as Polypropylene (PP) and Polyester (PET)
to create strong, secure bonds. The market caters to numerous
industries, including food and beverages, consumer goods, household
appliances, and more. Strapping machines come in various forms,
such as manual, mechanical, power, semi-automatic, and automatic,
with adjustable tension capabilities. Hand tools and sensors are
also used in conjunction with these machines. Strapping materials
include cable straps, steel straps, and elastic memory bands. The
market serves diverse applications, from wrapping and packaging to
securing heavy industrial loads.
Market Research Overview
The Strapping Machine Market encompasses various industries such
as food and beverages, consumer goods, household appliances, and
more. These machines are used for wrapping and packaging purposes,
ensuring safety and stability for pallet loads, boxes, cases, and
soft or hard packages. Strapping machines come in different types,
including manual, mechanical, and power strapping machines,
catering to various industries' needs. Materials like Polypropylene
(PP) and Polyester (PET) are commonly used for strapping due to
their durability and strength. Steel straps are also popular for
their robustness. The semi-automatic and automatic segments
dominate the market, offering adjustable tension and sensors for
improved efficiency and accuracy. Strapping machines play a crucial
role in industries like automotive, consumer electronics, and
household appliances, where safety, efficiency, and labor savings
are essential. They help prevent contamination, spillage, and
collapse, ensuring package safety. In the food and beverage sector,
strapping machines maintain hygiene standards and reduce carbon
emissions. Regulations and standards are crucial factors
influencing the market, ensuring workers' safety and compliance
with health hazards. The market also includes various strapping
materials like cable straps and plastic straps, catering to
different industries' needs. The packaging process is becoming
increasingly automated, reducing labor-intensive tasks and
improving operational efficiency in production units.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
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Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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