Jul 29, 2024   SOURCE: PR NewsWire

Strapping Machine Market size is set to grow by USD 1.32 billion from 2024-2028, Rising demand for strapping machines from E-commerce sector boost the market, Technavio

NEW YORK, July 29, 2024 /PRNewswire/ -- The global strapping machine market size is estimated to grow by USD 1.32 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.5% during the forecast period. Rising demand for strapping machines from e-commerce sector is driving market growth, with a trend towards high growth potential in emerging economies. However, emergence of robots in strapping process poses a challenge. Key market players include ASN Packaging Pvt Ltd., Crown Holdings Inc., Crown Packaging Corp., Cyklop International, Dongguan Xutian Packing Machine Co. Ltd., Dynaric Inc., Fromm Holding AG, Hefei Seelong Import and Export Group Co. Ltd., Hunan ADTO Industrial Group Co. Ltd., Messersi Packaging Srl, Mosca GmbH, North Shore Strapping Inc., Packmaster Machinery Pvt Ltd., Polychem Corp., Samuel Son and Co. Ltd., StraPack Corp., Tiger Pack Inc., TITAN Umreifungstechnik GmbH and Co. KG, Transpak Equipment Corp., and VENUS HARTUNG PTY LTD..

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              Strapping Machine Market Scope



     Report Coverage                           
     Details



     Base year                                                                                                                                                                                                                           2023



     Historic period                           
     2018 - 2022



     Forecast period                           
     2024-2028


      Growth momentum & CAGR                                                                                                                                                                                      Accelerate at a CAGR of 4.5%


      Market growth 2024-2028                   
     USD 1329 million



     Market structure                          
     Fragmented


      YoY growth 2022-2023 (%)                                                                                                                                                                                                           4.23



     Regional analysis                         
     North America, Europe, APAC, South America, and Middle East and Africa


      Performing market contribution                                                                                                                                                                                             Europe at 33%



     Key countries                             
     US, China, Germany, Canada, and UK


      Key companies profiled                      ASN Packaging Pvt Ltd., Crown Holdings Inc., Crown Packaging Corp., Cyklop International, Dongguan Xutian Packing Machine Co. Ltd., Dynaric Inc., Fromm Holding AG, Hefei Seelong Import and
                                                   Export Group Co. Ltd., Hunan ADTO Industrial Group Co. Ltd., Messersi Packaging Srl, Mosca GmbH, North Shore Strapping Inc., Packmaster Machinery Pvt Ltd., Polychem Corp., Samuel Son and
                                                   Co. Ltd., StraPack Corp., Tiger Pack Inc., TITAN Umreifungstechnik GmbH and Co. KG, Transpak Equipment Corp., and VENUS HARTUNG PTY LTD.

Market Driver

The APAC region is experiencing significant growth in the strapping machine market due to several factors. Industrialization and economic developments in China, India, and Japan are driving demand for strapping machines in this region. APAC has seen a shift in manufacturing facilities to take advantage of a cost-effective workforce, less-stringent government regulations, and lower transportation costs. The region is a leading producer of electrical and electronic products and automobiles, contributing to high global demand. End-user industries such as fiber and textile, paper and printing, and electrical and electronics are experiencing increased demand for strapping machines in countries like China, South Korea, India, and Brazil. The expansion of the transportation, electronics, and packaging industries in emerging economies is expected to support the growth of the strapping machine market in APAC during the forecast period.

The strapping machine market is thriving, particularly in sectors like food and beverages and consumer goods. Key materials include PP and PET strapping, as well as steel. Household appliances and various industries use power strapping machines for wrapping and packaging. The semi-automatic and automatic segments lead the market, offering adjustable tension and improved efficiency. Manual and mechanical machines are also popular for smaller businesses and specific applications. Strapping materials like cable straps, steel straps, and plastic straps ensure safety and stability for pallet loads, boxes, and cases. Consumer electronics, automotive industries, and various sectors benefit from strapping technology. Sensors in strapping machines enhance package safety, preventing contamination, spillage, and collapse. The market prioritizes efficiency and cost-effectiveness, with a focus on reducing carbon emissions. Fragile products require extra care, making strapping an essential component in the shipping process.

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Market Challenges

    --  Industrial and transit packaging end-users encounter challenges in
        handling diverse product shapes, sizes, and weights. To enhance
        packaging process efficiency, they adopt pick and pack robots for
        end-of-line automation. Some strapping machine manufacturers, like
        Samuel Packaging Systems Group, integrate robotic facilities, such as
        ingot strapping machines with robot stackers. These machines gather and
        stack ingots for strapping, eliminating manual labor. Although robotic
        equipment costs approximately 40% more than conventional automated
        alternatives, the savings from labor and utilities offset the expense.
        The high cost currently limits adoption in developing countries, but the
        increasing use of robots may impact conventional strapping machine
        providers' market opportunities.
    --  The strapping machine market faces several challenges in various
        industries. One major challenge is the use of different strapping
        materials for various types of loads, including pallets, boxes, cases,
        soft packages, and hard packages. Ensuring package safety during the
        strapping process is crucial for fragile and bulky products, as well as
        perishable and delicate items. Safety concerns at the drop off area and
        along the conveyor system are also significant. Contamination, spillage,
        and collapse are potential risks that must be addressed to maintain
        product quality and worker safety. Compliance with standards and
        regulations is essential to prevent health hazards for workers and
        operators. Automation is a key trend in the strapping machine market to
        increase operational efficiency and reduce labor-intensive tasks.
        However, the implementation of automation requires heavy metal parts and
        significant investment, which may be a challenge for smaller production
        units. In summary, the strapping machine market must address challenges
        related to package safety, efficiency, and compliance while ensuring the
        safety of employees and addressing potential health hazards. The use of
        various strapping materials and automation are key considerations for
        manufacturers in this market.

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Segment Overview

This strapping machine market report extensively covers market segmentation by

    1. Product
        --  1.1 Automatic
        --  1.2 Semi-automatic
    2. Geography
        --  2.1 North America
        --  2.2 Europe
        --  2.3 APAC
        --  2.4 South America
        --  2.5 Middle East and Africa


1.1 Automatic- The strapping machine market is experiencing steady growth due to increasing demand for automated packaging solutions in various industries. These machines offer efficiency, cost savings, and improved product safety. Key players in this market include JBT Corporation, Multivac Sepp Haggenmüller GmbH & Co. KG, and ProMach Inc. They invest in research and development to introduce innovative technologies and expand their product portfolios. The market is expected to continue growing due to rising consumer expectations for convenient and safe packaging.

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Research Analysis

The Strapping Machine Market encompasses a range of machinery used for securing various types of loads, including pallet loads, boxes, cases, and soft or hard packages. These machines utilize strapping materials such as Polypropylene (PP) and Polyester (PET) to create strong, secure bonds. The market caters to numerous industries, including food and beverages, consumer goods, household appliances, and more. Strapping machines come in various forms, such as manual, mechanical, power, semi-automatic, and automatic, with adjustable tension capabilities. Hand tools and sensors are also used in conjunction with these machines. Strapping materials include cable straps, steel straps, and elastic memory bands. The market serves diverse applications, from wrapping and packaging to securing heavy industrial loads.

Market Research Overview

The Strapping Machine Market encompasses various industries such as food and beverages, consumer goods, household appliances, and more. These machines are used for wrapping and packaging purposes, ensuring safety and stability for pallet loads, boxes, cases, and soft or hard packages. Strapping machines come in different types, including manual, mechanical, and power strapping machines, catering to various industries' needs. Materials like Polypropylene (PP) and Polyester (PET) are commonly used for strapping due to their durability and strength. Steel straps are also popular for their robustness. The semi-automatic and automatic segments dominate the market, offering adjustable tension and sensors for improved efficiency and accuracy. Strapping machines play a crucial role in industries like automotive, consumer electronics, and household appliances, where safety, efficiency, and labor savings are essential. They help prevent contamination, spillage, and collapse, ensuring package safety. In the food and beverage sector, strapping machines maintain hygiene standards and reduce carbon emissions. Regulations and standards are crucial factors influencing the market, ensuring workers' safety and compliance with health hazards. The market also includes various strapping materials like cable straps and plastic straps, catering to different industries' needs. The packaging process is becoming increasingly automated, reducing labor-intensive tasks and improving operational efficiency in production units.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

    --  Product
        --  Automatic
        --  Semi-automatic
    --  Geography
        --  North America
        --  Europe
        --  APAC
        --  South America
        --  Middle East And Africa


7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

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SOURCE Technavio