Strapping Machine Market Growth Drivers, Forecast, 2024-2032
Strapping Machine Market Growth Drivers, Forecast, 2024-2032

Strapping Machine Market Share, Size, Trends, Industry Analysis Report, By product; By material; By application (Bundling, Binding, Packaging, Others); By end use; By Region; Segment Forecast, 2024 - 2032

  • Published Date:Mar-2024
  • Pages: 116
  • Format: PDF
  • Report ID: PM1045
  • Base Year: 2023
  • Historical Data: 2019-2022

Report Outlook

Thin strapping machine market size was valued at USD 4,661.32 million in 2023. The market is anticipated to grow from USD 4,857.56 million in 2024 to USD 6,897.32 million by 2032, exhibiting the CAGR 4.4% during the forecast period

Strapping Machine Market Overview

The global demand in the packaging industry is increasing at a very high pace to fulfill the demand all over the world. Various sectors such as food and beverages, consumer goods, cargo, and others are depending more on over-strapping machine usage to carry out their operations with ultimate safety and to increase the efficiency to deliver a damage-free product.

With the growing trend of automation in businesses, the demand for automatic and semi-automatic strapping machines is high demand, whereas manual strapping machines have seen a decline due to the accuracy and efficiency of automatic and semi-automatic strapping machines. Due to its increasing need and constant demand, there is a boom in the strapping machine market. Plastic and metal strapping are used to provide boxes, packages, and articles with secure and safe packaging, which will ensure stability and safety.

Strapping Machine Market Size

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Less skilled workers and a reduction in the usage of energy for using the machines are driving the strapping machine market. Various businesses are using in-house methods to fulfill their strapping needs rather than outsourcing them, which is making the strapping machine market growth at a very high pace.   

COVID-19 has impacted the market all over the globe. Due to the sudden spike in e-commerce businesses, the use of strapping machines has seen an all-time high demand. E-commerce businesses have the basic need of stability and safety for delivering their product to the end consumer, which is not possible without the contribution of strapping machines.

Strapping Machine Market Dynamics

Market Drivers

  • Automation in industries to spur the demand for strapping machines.

Semi-automatic strapping machines to see largest market boom. Automatic strapping machines see the fastest growth in the strapping machine market. With the increasing connectivity of e-commerce business, there is a huge growth potential for the strapping machine market as every package needs proper packaging, which can be achieved through the use of strapping machines. Strapping machines not only provide secure packaging but also give stability. Fully manual-operated strapping machines are to see a decline due to the automation of industries around the globe, which will create a huge market potential for semi-automatic and automatic strapping machines. Customizable machines give industries an added advantage in considering automatic and semi-automatic strapping machines. Industries investing in their in-house sustainability and moving towards a healthy work environment for the employees to get comfortable and productive as well in using machinery will spur the use of automatic and semi-automatic machinery.

  • Boom in e-commerce and food & beverage industry to boost the strapping machine market

The E-commerce sector holds the largest market share due to its constant need for packaging. The food and beverage industry will grow the fastest, which will boost the use of strapping machines. The majority of industries have seen a decline during the COVID-19. E-commerce industries have gained a huge upward trajectory after the recovery of the market. The products that are delivered by the e-commerce industry must go through a long process of logistics and transportation, which creates a demand for strapping machines that ensure the safe packaging of the products. The food and beverage industry is growing at a very high pace due to the recent pandemic of COVID-19, which has created a boom in the packaged food industry.

Market Restraints

High investment cost

The high investment cost is a main challenge that may restrict or affect the strapping machines market growth. Many industries may hesitate to invest in strapping machines due to the high cost of materials. Regularly maintained machines often have a long and smooth life, but it also increases the cost.  

Report Segmentation

The market is primarily segmented based on product, material, application, end-use, and region.

By Product

By Material

By Application

By End-Use

By Region

  • Semiautomatic strapping machines
  • Automatic strapping machines
  • Fully automatic strapping machines
  • Polypropylene
  • Polyester
  • Steel
  • Others
  • Bundling
  • Binding
  • Packaging
  • Others
  • Consumer goods
  • Food and beverage
  • Newspaper and publishing
  • Postal
  • others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Strapping Machine Market Segmental Analysis

By Product Analysis

The semi-automatic strapping machine segment accounted for the largest share of the market. Semi-automatic machines are half manual and half-automatic, which makes them easy to use and more cost-efficient. Strapping Machines utilize bands of flat steel or plastic, which are tightened around a package or pallet of goods and securely fastened together. These straps serve to bundle products, enhance containment strength, and secure a load to a shipping pallet.

The automatic strapping machine segment is anticipated to hold the fastest growth over the strapping machine market forecast period. Industries moving towards automation are adopting automatic machines all over the world. Due to the awareness and new laws for workers, industries are shifting towards developing a comfortable and healthy workspace, which increases the adoption of automatic machines, which brings less physical stress to the workers.

By Material Analysis

Polypropylene holds the largest market share due to its cost-effectiveness and easy installation process. It is mainly used in semi-automatic strapping machines which are used very widely across the globe. Polypropylene uses range from plastic packaging, plastic parts for machinery and equipment and even textiles and fibers. It is highly resistant to chemical corrosion, which makes it an excellent choice for packaging. Despite the incorporation of certain potentially hazardous chemicals in the production of polypropylene, the finalized product is generally considered safe. It is commonly employed in the manufacturing of plastic packaging for food and beverages, as well as medical supplies.

By Application Analysis

Packaging holds the largest market share as it is used almost every time. Bundling is growing fastest due to the e-commerce sector. Bundling deals with collective packaging, which is most often used by the e-commerce sector in their day-to-day tasks. Packaging is responsible for securing products from the outer environment. Packaging makes sure that there is no damage occurring to the product during moving and handling. Unitization helps the product form any damage and mishandling, which can be accomplished using packaging and bundling techniques. Packaging ensures that the product becomes transported and logistically safe to reach the end customer.  

By End Use Analysis

Based on end-use analysis, the market has been segmented based on Consumer goods, Food and beverage, Newspaper, and publishing, Postal, and others. Consumer goods possess the largest market share, which is due to their high requirements. Consumer goods are majorly transported in lots and need packaging and bundling to carry out the operations efficiently by using strapping machines. Consumer goods consist of various products, such as medications, which are very sensitive and require extra care. Packaging with the help of a strapping machine ensures safety, which will help in transportation.

Food and beverage are the fastest growing due to its wide range of packaging required for preserving its quality and avoiding damage during transport. Plastic packing is mainly used for packaging food and beverages. The food and beverages industry consists of perishable goods that need proper care and handling, which is ensured by packaging to make it easy.

Strapping Machine Market Regional Insights

North America region to dominated the strapping machine market in 2023

North America asserted its market dominance, capturing the largest share of the global market. The escalating demand for processed food products in this region is certain to contribute significantly to the growth of the food & beverage industry, thereby propelling the strapping machine market during the forecast period. Additionally, the increasing demand for consumer goods and the growing food packaging industry are expected to drive the need for strapping machines market demand.

The U.S. is anticipated to play a pivotal role in this growth, with a rising demand for packaged food and ready-to-eat products. Moreover, the dynamic shift in food consumption patterns and the continuous rise in income levels are anticipated to fuel the market growth in North America further.

The Asia Pacific region is anticipated to be the fastest in the market. The Asia Pacific region exhibits a growing awareness of healthy food products, accompanied by evolving demographics marked by rising income levels, changing purchasing decisions, and improving lifestyles. This is anticipated to drive the expansion of the food & beverage industry in the region, consequently increasing the demand for strapping machines.

Competitive Landscape

Strapping machine market is fragmented and is anticipated to witness competition due to several players' presence. Major service providers in the market are constantly upgrading their technologies to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share.

Some of the major players operating in the global market include:

  • Duplomatic MS Mechatronics BU
  • Dynaric Inc.
  • Fromm Holdings AG
  • Messersi Packaging S.r.I.
  • MJ Maillis S.A.
  • Mosca GmbH
  • Polychem Corporation
  • Samuel Strapping Systems
  • Signode Packaging Systems Corporation.
  • StraPack Inc.
  • Strapex Group
  • Transpak Equipment Corp.

Recent Developments

  • In February 2022, Signode Packaging Systems launched its BPT steel strapping tool.
  • In June 2023, FROMM Packaging and Duplomatic MS Mechatronics BU a collaboration to develop an all-electric strapping machine for lumber packs.

Report Coverage

Strapping machine market report emphasizes on key regions across the globe to provide better understanding of the product to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.

The report provides detailed analysis of the market while focusing on various key aspects such as competitive analysis, product types, material, applications, end-use, and their futuristic growth opportunities.

Strapping Machine Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 4,857.56 million

Revenue forecast in 2032

USD 6,897.32 million

CAGR

4.4% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments covered

By Product, By Material, By Application, By End-User, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

FAQ's

Strapping Machine Market report covering key segments are product, material, application, end-use, and region.

Strapping Machine Market Size Worth $ 6,897.32 Million By 2032.

strapping machine market exhibiting the CAGR 4.4% during the forecast period

North America is leading the global market.

The key driving factors in Strapping Machine Market Automation in industries to spur the demand for strapping machines.