The global strapping machine market size was valued at USD 4.63 billion in 2020 and is expected to grow at a CAGR of 5.1% during the forecast period. The technology creates a strap, which is used to hold products together primarily during shipping. The technology is used for holding together boxes, packages, and bundles to protect them from external damage during shipping and packaging.
Strapping machines dispense a material, which is sealed around a box or a package for efficient packaging. Strapping is made out of different materials such as metal, plastic, ultra-band steel replacement material, or other materials according to the requirements of the products to be packaged.
The technology is used in various applications such as magazine publishing, commercial printing, food, postal fields, and others. Different models of the machines such as semiautomatic low volume models, semiautomatic moderate volume models, and fully automatic high-volume models are available in the market to cater to varied user requirements.
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The major driving factors of the market include significant growth in the global packaging industry and the increasing need to protect products from damage during shipping. The increasing demand from consumer goods and food & beverage is expected to accelerate the adoption of the machines during the forecast period.
Manufacturers are increasingly using machines to increase package safety and cost-efficiency. Other factors driving the growth include the rising use of automatic machines to reduce human intervention, and technological advancements. However, high investment costs associated with them would limit industry growth.
Expansion of established companies into emerging economies introduction of strapping machines at affordable costs for use in small and medium businesses would provide numerous growth opportunities in the industry.
The vendors in the industry are launching new products to meet the growing customer needs. In addition, the leaders in the industry are acquiring and collaborating with top companies in the market to enhance their offerings in the market and expand their customer base. For instance, In July 2017, Mosca introduced entry-level semi-automatic products to expand its offerings in the industry.
The affordable MO-M-8 machine enables users to strap small amounts of products while maintaining high quality and performance. Other features offered by the strapping machinery include an illuminated service push-button for monitoring the system’s current operating state and tracking heating temperatures.
In February 2017, Kite Packaging launched a range of machines to cater to the growing requirements of its consumers. The company redesigned its strapping achiness to offer high-quality and affordable packaging solutions in the industry. Kite’s semi-automatic system is developed for small and medium-sized items and requires manual feeding of strapping into it.
The global strapping machine market is segmented on the basis of product type, material, application, end-user, and geography. Based on the type of product, the market is segmented into semiautomatic, automatic, and fully automatic strapping machines. The material segment is categorized into polypropylene, polyester, steel, and others.
On the basis of application, the market is segmented into bundling, binding, packaging, and others. The end-users in the market include consumer goods, food & beverage, newspaper & publishing, postal, and others. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia Pacific, and Latin America, and the Middle East & Africa.
North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, the UK, Italy, France, and the Rest of Europe. Asia Pacific is bifurcated into China, India, Japan, and the Rest of Asia Pacific. Asia Pacific accounted for the largest share in the global strapping machine market in 2020.
Leading players in the market include Mosca GmbH, Samuel Strapping Systems, MJ Maillis S.A., Transpak Equipment Corp., Signode Packaging Systems Corporation, Strapex Group, Polychem Corporation, Dynaric Inc., Messersi Packaging S.r.l., Fromm Holdings AG, Australian Warehouse Solutions, and Venus Packaging, among others.