New York 9 April
2019: The report “Strapping Machine Market [By
Product Type (Semiautomatic Strapping Machines, Automatic Strapping Machines,
Fully Automatic Strapping Machines); By Material (Polypropylene, Polyester, Steel,
Others); By Application (Bundling, Binding, Packaging, Others); By End-User
(Consumer Goods, Food and Beverage, Newspaper and Publishing, Postal, Others);
By Region]: Market Size & Forecast, 2017 – 2026” The global strapping
machine market is anticipated to reach around USD 6,991.4 million by 2026 according
to a new study published by polaris market research.
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research report @ https://www.polarismarketresearch.com/industry-analysis/strapping-machine-market/request-for-sample
In 2017, the
semi-automatic strapping machine segment dominated the global market, in terms
of revenue. In 2017, Asia-Pacific accounted for the majority share in the
global strapping machine market.
The rapid
growth in the global packaging industry majorly drives the growth of this
market. Growing concerns regarding product safety to avoid damage and loss
during packaging and shipping supports the market growth. The increasing demand
from consumer goods, food and beverage, and publishing further accelerates the
adoption of strapping machines.
There has been
an increasing demand of strapping machines by small and medium businesses to
increase packaging efficiency while reducing costs. However, high initial
investment costs of strapping machines limit the growth of the market. New emerging
markets, technological advancements, and increasing adoption by small and
medium businesses would provide growth opportunities for strapping machine
market in the coming years.
Asia-Pacific
accounted for the highest share in the global strapping machine market during
the forecast period. A significant growth in the consumer goods, and food and
beverage industries has been registered over the past few years in the region,
thereby supporting the growth of strapping machines in the market.
Increasing need
for effective packaging to avoid losses due to damages, and rising disposable
incomes in developing countries of this region augment the market growth in the
region. Leading global players are expanding their presence in developing
nations of India, Indonesia, and Malaysia to tap the growth opportunities
offered by these countries.
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with TOC @ https://www.polarismarketresearch.com/industry-analysis/strapping-machine-market
The various
types of strapping machines include semiautomatic strapping machines, automatic
strapping machines, and fully automatic strapping machines. The semi-automatic
strapping machine segment is expected to lead the market during the forecast
period owing to increasing demand from small and medium sized business.
Semi-automatic strapping machines are designed for small and medium sized items
and require users to manually feed strapping into the machine. Use of
semi-automatic strapping machines in various industries such as food and
beverage, consumer goods, publishing, and electronics among others has increased
its demand over the past years.
The different
materials used in strapping machines include polypropylene, polyester, steel,
and others. The polypropylene segment dominated the market in 2017 owing to its
affordable use in packaging of small and medium sized products. Its increasing
use in various industries such as food and beverage, consumer goods,
publishing, and electronics among others is expected to drive the market growth
during the forecast period.
The well-known
companies profiled in the report 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. These companies launch new products and collaborate
with other market leaders to innovate and launch new products to meet the
increasing needs and requirements of consumers.
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Key Segments:
Strapping Machine Market Size and Forecast,
2017-2026 by Product Type
·
Key Findings
·
Semiautomatic Strapping Machines
·
Automatic Strapping Machines
·
Fully Automatic Strapping Machines
Strapping Machine Market Size and Forecast,
2017-2026 by Material
·
Key Findings
·
Polypropylene
·
Polyester
·
Steel
·
Others
Strapping Machine Market Size and Forecast,
2017-2026 by Application
·
Key Findings
·
Bundling
·
Binding
·
Packaging
·
Others
Strapping Machine Market Size and Forecast,
2017-2026 by End-User
·
Key Findings
·
Consumer Goods
·
Food and Beverage
·
Newspaper and Publishing
·
Postal
·
Others
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