The global strapping machine market was valued at USD 4,465 million in 2017 and is anticipated to grow at a CAGR of 5.2% during the forecast period. Strapping machines create a strap, which is used to hold products together primarily during shipping. Strapping machines are used for holding together boxes, packages, and bundles to protect them from external damage during shipping and packaging. Strapping machines dispense a material called strapping, 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. Strapping machines are used in various applications such as magazine publishing, commercial printing, food, postal fields, and others. Different models of strapping 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.
The major driving factors of the market include significant growth in the global packaging industry, and 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 strapping machines during the forecast period. Manufacturers are increasingly using strapping machines to increase package safety, and cost efficiency. Other factors driving the growth of this market include rising use of automatic strapping machines to reduce human intervention, and technological advancements. However, high investment costs associated with them would limit the growth of the market. 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 market.
Asia-Pacific Strapping Machine Market By Product Type, 2017 - 2026
Note: Inside circle depicts data for 2017 & outside circle depicts data for 2026
The vendors in the market are launching new products to meet the growing customer needs. In addition, the leaders in the market 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 an entry level semiautomatic strapping machine to expand its offerings in the market. 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 machine include an illuminated service push-button for monitoring of the machine’s current operating state and tracking heating temperatures. In February 2017, Kite Packaging launched a range of strapping 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 market. Kite’s semi-automatic machine 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 strapping machines, automatic strapping machines, 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 and beverage, newspaper and publishing, postal, and others. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. Asia-Pacific accounted for the largest share in the global Strapping Machine Market in 2017.
Asia-Pacific Strapping Machine Market, By Product Type, 2017 - 2026 (USD Million)
Other 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.