Strapping Machine Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Product, Material, and Application, and Region

Strapping Machine Market was valued at US$ 5.34 Bn. in 2020. Global Strapping Machine Market size is estimated to grow at a CAGR of 8.12%.
Strapping Machine Market Overview:
A strapping machine, also known as a bundler, is the industrial machinery used to bundle and secure pallet loads, boxes, cases, and soft and hard items for easy transit and storage. These procedures are most commonly used for transporting packed goods when the machine forms a strap or band that binds the packages or goods together. For effective packaging, the machines dispense the straps that are sealed around the carton. The straps are manufactured by using Polyester, polypropylene, and metal as per needs. The strapping devices come in automated, semiautomatic, and handed versions, all of which help to reduce the danger of shipment damage, spillage, and collapse while also improving package safety and efficiency. The strapping machines are used in a variety of industries, including general packaging, commercial, and newspaper printing.


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2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.
Strapping Machine Market Dynamics:
The strapping machines are widely used by manufacturers to improve package safety and efficiency. The increased usage of automatic machines to eliminate human interference, along with technical improvements, are also boosting the strapping machines market growth. In addition, the Expansion of established corporations into new markets, along with the development of low-cost strapping equipment for use in small and medium businesses, are expected to fuel the strapping machines market growth during the forecast period.

The rapid growth of the e-commerce sector has increased the consumption of strapping machines. As major e-commerce platforms like Amazon and eBay are improving their logistics, result in strapping machines are being generally used in warehouses to wrap plastic or other materials around products to avoid mechanical damage, which in turn boosts the strapping machine market growth. Strapping machines have also become more widely used to improve worker safety by reducing the risk of injury, supporting the growth of the sector.

The major key players in the strapping machine market are introducing new products to meet the growing consumer demands across the globe. For instance, Mosca Company has established an entry-level semi-automatic strapping machine to increase its offerings to the consumer. The MO-M-8 machine is providing help to the consumer by reducing cost along with enhanced quality and performance.

Thanks to the growing demand for industrial automation across the globe is driving the strapping machine market growth. These machines are widely used in industry for increasing productivity and efficiency along with a minimal interface to reduce cost. In addition, the growing use of automatic and semi-automatic strapping machines in the packaging industry is boosting the strapping machine market growth.

The use of plastic materials in strapping is measured as a challenge for the market growth during the forecast period, as it has negative environmental effects. Plastic materials are used in food, beverage, and industrial packaging, are posing dangerous effects to the environment along with producing considerable pollution. As a result, government organizations in several countries are prohibiting the use of plastic in material packaging, which is hampering the strapping machine market growth across the globe.
Strapping Machine Market Segment Analysis:
Based on the Product, the Strapping Machine Market is segmented into Semi-automatic, Automatic, and Fully-automatic. The Semi-automatic ball bearing segment held the largest market share, accounting for 43.7% in 2020. The segment growth is attributed to the product’s ease of installation. There are two categories of semi-automatic machines, such as low volume and moderate volume. Small business units with low packing requirements are highly benefit from this product. In addition, semi-automatic machines with a moderate volume are used in enterprises that export items continually. Polypropylene is primarily used in semi-automatic strapping machines as they are cost-effective and easy to install, which is driving the strapping market growth for this segment. In addition, the ongoing developments including industrial automation and industry 4.0 are expected to uplift the strapping machine market growth during the forecast period.

Based on the Application, the Strapping Machine Market is segmented into Food & Beverages, Consumer Electronics, Household appliances, newspapers & graphics, and others. The Food & Beverages segment held the largest market share, accounting for 40.9% in 2020. The segment growth is attributed to growing the adoption of strapping machines in the food & packaging industry to preserve food quality and avoid damage during transportation. The demand for numerous types of machines, such as semi-automatic, automatic, and fully automatic machines, is growing with the number of products to be transported. In addition, fully automatic strapping machines are cost-effective and remove labor costs for strapping, which in turn are widely used and driving the market growth.


Strapping Machine Market Regional Insights:
Asia Pacific region held the largest market share accounted for 33.9 % in 2020. The region’s growth is attributed to the significant growth in the packaging sector as a result of the high presence and rise of various manufacturing businesses in the APAC region. The widespread usage of plastic materials such as polyester, and polypropylene in strapping machines in countries like India, Japan, South Korea, and China is expected to increase the strapping machine market during the forecast period.

North America region is expected to witness significant growth at a CAGR of 6.72% during the forecast period. The region’s growth is attributed to the growing demand for consumer goods and the food packaging industry, which in turn increases usage of the strapping machine. The North America Food Packaging market size was valued at US$ 93.28 billion in 2020. The convenience of selecting food items based on taste and health choices, as well as convenient payment methods, is increasing food item sales and, as a result, food packaging sales. These factors are driving the strapping machine market growth in the region.

The objective of the report is to present a comprehensive analysis of the global Strapping Machine Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Strapping Machine Market dynamic, structure by analyzing the market segments and projecting the Strapping Machine Market size. Clear representation of competitive analysis of key players by End-Users, price, financial position, product portfolio, growth strategies, and regional presence in the Strapping Machine Market make the report investor’s guide.
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Strapping Machine Market


Report Coverage
Details


Base Year:
2020
Forecast Period:
2021-2027


Historical Data:
2016 to 2020
Market Size in 2020:
US $ 5.34 Bn.


Forecast Period 2021 to 2027 CAGR:
6.17%
Market Size in 2027:
US $ 8.12 Bn.


 Segments Covered:
by Product
• Semi-automatic
• Automatic
• Fully automatic


by Material
• Steel
• Polypropylene
• Polyester


by Application
• Food & Beverages
• Consumer electronics
• Household appliances
• Newspaper & graphics
• Others



Strapping Machine Market, by Region
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
Strapping Machine Market Key Players
• Polychem Corporation
• Dynaric Inc.
• Fromm Holdings AG
• Messersì Packaging S.r.l.
• MJ Maillis SA
• Mosca GmbH
• Samuel Strapping Systems
• StraPack Inc.
• Strapex Group
• Transpak Equipment Corp.
• Australian Warehouse Solutions
• Signode Packaging Systems Corporation
• Poly chem
• Crown Holdings Inc.
• Venus Packaging
Frequently Asked Questions:
1] What segments are covered in the Strapping Machine Market report?
Ans. The segments covered in the Strapping Machine Market report are based on Product, Material, and Application.

2] Which region is expected to hold the highest share in the Strapping Machine Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Strapping Machine Market.

3] What is the market size of the Strapping Machine Market by 2027?
Ans. The market size of the Strapping Machine Market by 2027 is US$ 8.12 Bn.

4] What is the forecast period for the Strapping Machine Market?
Ans. The forecast period for the Strapping Machine Market is 2020-2027.

5] What was the market size of the Strapping Machine Market in 2020?
Ans. The market size of the Strapping Machine Market in 2020 was US$ 5.34 Bn.