Market Overview 2023-2028:

The global strapping machine market size reached US$ 5.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028. 

A strapping machine, or bundler, is an industrial equipment used for bundling and securing pallet loads, boxes, cases and soft and hard packages together for convenient transportation and storage. The machines dispense the straps that are sealed around the carton for efficient packaging. The straps are commonly manufactured using polyester, polypropylene and metal that are customized as per the requirement. The strapping machines are commonly available in automated, semiautomatic and handheld variants that aid in minimizing the risk of shipping damage, spillage and collapse and enhancing package safety and overall efficiency. As a result, they find extensive applications across various industries, including food and beverage, pharmaceutical, electronics and paper.

Strapping Machine Market Trends:

The increasing demand for effective packaging solutions across industries is one of the key factors driving the growth of the market. Moreover, the widespread adoption of plastic-based strapping materials for securing fragile and bulky products is providing a thrust to the market growth. Strapping machines are widely used for the packaging and palletization of food and beverages as they require additional protection to prevent contamination and spoilage. Additionally, the integration of strapping machines with the existing packaging lines is acting as another growth-inducing factor. These machines are installed at the endpoints of production and assembly lines for streamlining packaging operations. In line with this, extensive design and functional improvements in automatic strapping machines for increasing the strapping frequency is also contributing to the growth of the market. These innovative machines also offer reduced maintenance costs and higher tension control with adjustable heights and compatibility with multiple strap varieties. Other factors, including the increasing requirement for industrial automation, along with the launch of customizable strapping machines, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global strapping machine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, material, style and application.

Breakup by Product:

• Semi-Automatic
• Automatic
• Fully Automatic
   

Breakup by Material:

• Steel
• Polypropylene
• Polyester
   

Breakup by Style:

• Palette Strappers
• Table-top Strappers
• RQ-8 Strappers
   

Breakup by Application:

• Food and Beverage
• Consumer Electronics
• Household Appliances
• Newspaper and Graphics
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Dynaric Inc., FROMM Holding AG, Maillis Group, Messersì Packaging S.r.l., Mosca GmbH, Polychem Corporation, Samuel Son & Co., Signode Industrial Group LLC (Crown Holdings Inc.), StraPack Inc., Strapex and Transpak Equipment Corp.

Report Coverage:

Key Questions Answered in This Report:

• How has the global strapping machine market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global strapping machine market?
• What are the key regional markets?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the material?
• What is the breakup of the market based on the style?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global strapping machine market and who are the key players?
• What is the degree of competition in the industry?