GVR Report cover Strapping Machine Market Size, Share & Trends Report

Strapping Machine Market Size, Share & Trends Analysis Report By Product (Semi-Automatic, Automatic, Fully Automatic), By Material (Steel, Polypropylene, Polyester), By Application, By Region, And Segment Forecasts, 2020 - 2025

  • Report ID: GVR-1-68038-964-7
  • Number of Pages: 75
  • Format: Electronic (PDF)

Industry Insights

The global strapping machine market size was valued at USD 4.86 billion in 2019. Globally growing demand from the packaging industry in various application segments is anticipated to be a key factor driving the growth.

During the period from 2017 to 2025, the global market is projected to grow at a CAGR of 4.9% to reach USD 6.4 billion by 2025. The growth can be attributed to rising demand from the various application industries such as food & beverages, consumer goods, and others. The Asia Pacific accounted for 33.1% of the global share in 2016. The presence of emerging economies such as India, China, and Japan are driving growth.

U.S. Strapping Machine Market Revenue, by Product

Strapping machines are widely used in the packaging industry for use in various applications such as food & beverages, consumer goods, newspapers, and merchandise products. The protection of these merchandise products requires strapping to combine, hold, stabilize, and fasten the goods. Primarily these operations are used for transportation of packaged goods, where machine creates a strap or band which holds the products or goods together. Utilization of machines in various industries such as general packaging, commercial & newspaper printing is expected to fuel the growth over the forecast period.

The big operations require the operators to consider safety as a paramount concern, and this may challenge the market growth. To address the safety concerns, different authorities such as HSE, BS, and others have laid down the standards for the operator’s safety. The health and safety standards are also, designed to provide guidelines for installation, operations, and other maintenance works required for strapping machines.

The semi-automatic segment accounted for the largest market value of USD 2.0 billion in 2016 and is projected to grow at a rate of 5.5% between the period from 2017 to 2025. The semi-automatic segment finds a variety of uses in the packaging industry. The semi-automatic segment is offered in two types including low volume and moderate volume. This equipment finds use in the small business units that have limited packaging requirements. In addition to that, semi-automatic machines of the moderate volume types are utilized in industries providing continuous shipping of goods.

Strapping machines are purchased in bulk quantity in the Asia Pacific and North America regions due to the presence of the main market players in the packaging industry. The demand is coupled with major economies such as the U.S., Canada, India, China, and Japan. Furthermore, increasing the purchasing power of consumers has led to the growing demand for consumer goods and other merchandise products, which in turn is anticipated to fuel the strapping machine market growth.

Strapping Machine Market Trends

The global strapping market is anticipated to be driven by growing demand from the packaging industry in various application segments. The increasing awareness regarding product packaging is anticipated to fuel market growth over the forecast period. High demand for ready-to-eat food owing to hectic lifestyle is expected to fuel demand for the food & beverage packaging segment which in turn fuel the demand for strapping machine over the forecast period.

Strapping machines are purchased in bulk quantity in the Asia Pacific and North America regions due to the presence of the main market players in the packaging industry. The demand for strapping machines is coupled with major economies such as the U.S., Canada, India, China, and Japan. Furthermore, increasing the purchasing power of consumers has led to the growing demand for consumer goods and other merchandise products, which in turn is anticipated to fuel the strapping machine market growth.

The market is expected to witness significant demand on account of the growing demand for safe and stable packaging in application industries including newspaper & graphics, food & beverage, metal, construction, pharmaceutical, consumer electronics, and household appliances.

The strapping machine provides safety and stability to the packaged products to ensure proper handling, storage, and shipment, which is the key factor responsible for the growth of the strapping machine market. Protection of the products used in the aforementioned application segments requires strapping in order to combine, hold, stabilize and fasten them.

Strapping machine is used for packaging products in various industries including food & beverage,

 consumer electronics, metal, building & construction, household appliances, pharmaceuticals, and newspaper & graphics. However, the strapping machine market is capital intensive in nature. It requires a lot of capital investment for the installation of the strapping machine and R&D activities, which is a major challenge for key players and new entrants in the strapping machine market.

According to OSHA regulations, the employer that employs the equipment is responsible for ensuring that all other machines, including packing and pelletizing machines, adhere to the general machine guarding requirements, which will increase the demand for strapping machines.

Application Insights

The food & beverage accounted for the largest segment using strapping machines for wrapping and packaging. The rising importance of packaging to protect food & beverage products has become a crucial factor driving demand. The strapping is important to maintain the usability and quality of goods during transportation of food commodities. Rising demand for various types of machines including semi-automatic, automatic, and fully automatic are increasing proportionately to the number of products to be shipped.

Polypropylene (PP), polyester (PET), and steel are the materials used for strapping, wrapping, and sealing of household appliances such as electrical, kitchen, electronic and similar other home devices. Polypropylene is economical for use in pallet packing of light to medium weight household appliances, and in addition, it also has the advantage of being printed either before packing or post packing. Steel is one of the strongest materials used for the bundling and palletizing of goods, as it has excellent load-bearing capacity.

Regional Insights

The Asia Pacific region is characterized by rising awareness regarding healthy food products coupled with changing demographics such as increasing income levels, purchasing decisions, and improving lifestyles are expected to fuel the growth of the food & beverage industry in this region, which is, in turn, likely to boost the demand for strapping machines.

Global Strapping Machine Market by Region

The demand for the strapping machine in China is driven by robust growth in various application industries, especially consumer electronics. In addition, China being the largest exporter of consumer electronics, requires a large number of strapping machines for the safe shipment of products, augmenting the demand for strapping machines.

Growing demand for processed food products in North America is expected to contribute toward the growth of food & beverage industry, which, in turn, is likely to drive the growth of strapping machine market over the forecast period. Furthermore, rising demand for consumer goods and the food packaging industry will propel the demand for strapping machines.

Strapping Machine Market Trends by Region

Increasing demand for packaged food and ready-to-eat products in the U.S. is expected to drive the market over the forecast period. In addition, continuously changing food consumption patterns and rising income levels are further expected to propel the market growth in this region

 Strapping Machine Market Share Insights

The key players in the global market include Dynaric Inc., Fromm Holdings AG, Messersì Packaging S.r.l., MJ Maillis SA, Mosca GmbH, Polychem Corporation, Samuel Strapping Systems, StraPack Inc., Strapex Group, Transpak Equipment Corp., Signode Packaging Systems Corporation and others. The companies in this market emphasize on partnerships and collaborations with potential players to increase the market share and enhance the competitive aspect.

Strapping Machine Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 5.10 Billion

Revenue forecast in 2025

USD 6.49 Billion

Growth rate

CAGR of % from 2020 to 2025

Base year for estimation

2019

Historical data

2014 - 2018

Forecast period

2020 - 2025

Quantitative units

Revenue in USD Million, Volume in Units & CAGR from 2020 to 2025

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, material, application, and region

Regional scope

North America; Europe; Asia Pacific; Middle East and Africa; Central and South America

Country scope

U.S.; Germany; U.K.; China; India; Japan; Brazil

Key companies profiled

Dynaric Inc.; Fromm Holdings AG; Messersi Packaging S.r.l.; MJ Maillis S.A.; Mosca GmbH; Polychem Corporation; Samuel Strapping Systems; StraPack Inc.; Strapex Group; Transpak Equipment Corp.; Signode Packaging Systems Corporation

Customization scope

Free report customization (equivalent to up to 8 analyst working days) with purchase. Addition or alteration to country, regional, and segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Global Strapping Machine Market Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global strapping machine market on the basis of product, material, application, and region.

Global Strapping Machine Market Segmentation

  • Product Outlook (Revenue, USD Million; 2014 - 2025)

    • Semi-automatic

    • Automatic

    • Fully automatic

  • Materials Outlook (Revenue, USD Million; 2014 - 2025)

    • Steel

    • Polypropylene

    • Polyester

  • Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Food & Beverages

    • Consumer electronics

    • Household appliances

    • Newspaper & graphics

    • Others

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

      • The U.S.

    • Europe

      • Germany

      • The U.K.

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • The Middle East & Africa
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