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, 2018 - 2025

  • Published Date: Aug, 2017
  • Base Year for Estimate: 2016
  • Report ID: GVR-1-68038-964-7
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2015
  • Number of Pages: 75

Industry Insights

The global strapping machine market size was valued at USD 4.2 billion in 2016. 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, 2014 - 2025 (USD Million)

U.S. strapping machine market

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.

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

Asia Pacific and North America are together expected to fuel the growth driven by the rising demand from countries such as the U.S., Canada, India, China, and Japan. The machine demand is also boosted by the growth in the packaging industry. The packaging is extensively for food & beverage, construction, and fast-moving consumer goods, which is further expected to fuel market growth.

Global strapping machine market, by region, 2016 (%)

Global strapping machine market

The semi-automatic machine was estimated as the largest selling product in 2016 in the Asia Pacific and is projected to continue its domination in the market over the forecast period. Asia Pacific was valued at the biggest market due to the rising purchasing power of consumers and is expected to grow at a CAGR of 5.6% between 2017 and 2025. Followed by the Asia Pacific, North America is expected to witness significant growth on account of rising demand for consumer goods and food packaging industry.

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.

Report Scope

Attribute

Details

Base year for estimation

2016

Estimates/ historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation

Revenue in USD Million & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

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

Report coverage

Revenue forecast, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

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:

  • 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

Pricing & Purchase Options

Service Guarantee

  • Quality assurance

    Insured Buying

    This report has a service guarantee. We stand by our report quality.

  • Information security

    Confidentiality

    We are in compliance with GDPR & CCPR norms. All interactions are confidential.

  • grand view research PCI DSS complaint grand view research gdpr verified
  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities