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Strapping Machine Market Share, Size, Trends, Industry Analysis Report, By Material; By End-Use; By Product; By Application; By Region; Segment Forecast, 2021 - 2028

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    Report

  • 102 Pages
  • June 2021
  • Region: Global
  • Polaris Market Research
  • ID: 5397011
The global strapping machine market size is expected to reach USD 6.73 billion by 2028 according to this new study. The report “Strapping Machine Market Share, Size, Trends, Industry Analysis Report, By Material (Polypropylene, Polyester, Steel); By End-Use (Consumer Goods, Food & Beverage, Newspaper & Publishing, Postal, Others); By Product; By Application; By Region; Segment Forecast, 2021-2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.



The rapid growth in the global packaging industry majorly drives the industry growth. Growing concerns regarding product safety to avoid damage and loss during packaging and shipping supports the industry growth. The increasing demand from consumer goods, food and beverage, and publishing further accelerate the adoption of the product.

There has been an increasing demand for the product by small and medium businesses to increase packaging efficiency while reducing costs. However, high initial investment costs of the product limit the industry growth. 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 the product in the industry.

Increasing need for effective packaging to avoid losses due to damages and rising disposable incomes in developing countries of this region augment the industry 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.

The various types of models include semi-automatic, automatic, and fully automatic strapping machines. The semi-automatic strapping machine segment is expected to lead the industry during the forecast period owing to increasing demand from small and medium-sized businesses.

Semi-automatic technology is designed for small and medium-sized items and requires users to manually feed strapping into the machine. The use of semi-automatic technology in various industries such as food & 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 industry in 2020 owing to its affordable use in the 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 industry 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 industry leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Frequently Asked Questions about the Strapping Machine Market

What is the estimated value of the Strapping Machine Market?

The Strapping Machine Market was estimated to be valued at $4.63 Billion in 2021.

What is the growth rate of the Strapping Machine Market?

The growth rate of the Strapping Machine Market is 5.1%, with an estimated value of $6.73 Billion by 2028.

What is the forecasted size of the Strapping Machine Market?

The Strapping Machine Market is estimated to be worth $6.73 Billion by 2028.

Who are the key companies in the Strapping Machine Market?

Key companies in the Strapping Machine Market include Mosca GmbH, Samuel Strapping Systems, MJ Maillis S.A., Transpak Equipment Corp., Signode Packaging Systems Corporation, Strapex Group, Polychem Corporation, Dynaric Inc. and Fromm Holdings AG.

Table of Contents

1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key takeaways
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Strapping Machine Market Insights
3.1. Strapping Machine - Industry snapshot
3.2. Strapping Machine - Ecosystem analysis
3.3. Strapping Machine Market Dynamics
3.3.1. Strapping Machine - Market Forces
3.3.1.1. Strapping Machine Market Driver Analysis
3.3.1.2. Strapping Machine Market Restraint/Challenges analysis
3.3.1.3. Strapping Machine Market Opportunity Analysis
3.3.2. Industry analysis - Porter's five force
3.3.2.1. Bargaining power of supplier
3.3.2.2. Bargaining power of buyers
3.3.2.3. Threat of substitute
3.3.2.4. Threat of new entrants
3.3.2.5. Degree of competition
3.3.3. Strapping Machine Market PEST Analysis, 2020
3.3.4. Strapping Machine Market Value Chain Analysis
3.3.5. Strapping Machine Industry Trends
3.3.6. Competitive Ranking Analysis
4. Strapping Machine Market Size and Forecast, 2016 - 2028 by Product
4.1. Key Findings
4.2. Semiautomatic Strapping Machines
4.3. Automatic Strapping Machines
4.4. Fully Automatic Strapping Machines
5. Strapping Machine Market Size and Forecast, 2016 - 2028 by Material
5.1. Key Findings
5.2. Polypropylene
5.3. Polyester
5.4. Steel
5.5. Others
6. Strapping Machine Market Size and Forecast, 2016 - 2028 by Application
6.1. Key Findings
6.2. Bundling
6.3. Binding
6.4. Packaging
6.5. Others
7. Strapping Machine Market Size and Forecast, 2016 - 2028 by End-Use
7.1. Key Findings
7.2. Consumer Goods
7.3. Food and Beverage
7.4. Newspaper and Publishing
7.5. Postal
7.6. Others
8. Strapping Machine Market Size and Forecast, 2016 - 2028 by Region
8.1. Key Findings
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. UK
8.3.3. France
8.3.4. Italy
8.3.5. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. Rest of Asia-Pacific
8.5. Latin America
8.5.1. Brazil
8.6. Middle East & Africa
9. Company Profiles
9.1. Mosca GmbH
9.1.1. Overview
9.1.2. Financials
9.1.3. Product Benchmarking
9.1.4. Recent Developments
9.2. Samuel Strapping Systems
9.2.1. Overview
9.2.2. Financials
9.2.3. Product Benchmarking
9.2.4. Recent Developments
9.3. MJ Maillis S.A.
9.3.1. Overview
9.3.2. Financials
9.3.3. Product Benchmarking
9.3.4. Recent Developments
9.4. Transpak Equipment Corp.
9.4.1. Overview
9.4.2. Financials
9.4.3. Product Benchmarking
9.4.4. Recent Developments
9.5. Signode Packaging Systems Corporation
9.5.1. Overview
9.5.2. Financials
9.5.3. Product Benchmarking
9.5.4. Recent Developments
9.6. Strapex Group
9.6.1. Overview
9.6.2. Financials
9.6.3. Product Benchmarking
9.6.4. Recent Developments
9.7. Polychem Corporation
9.7.1. Overview
9.7.2. Financials
9.7.3. Product Benchmarking
9.7.4. Recent Developments
9.8. Dynaric Inc.
9.8.1. Overview
9.8.2. Financials
9.8.3. Product Benchmarking
9.8.4. Recent Developments
9.9. Messersi Packaging S.r.l.
9.9.1. Overview
9.9.2. Financials
9.9.3. Product Benchmarking
9.9.4. Recent Developments
9.10. Fromm Holdings AG
9.10.1. Overview
9.10.2. Financials
9.10.3. Product Benchmarking
9.10.4. Recent Developments
9.11. Australian Warehouse Solutions
9.11.1. Overview
9.11.2. Financials
9.11.3. Product Benchmarking
9.11.4. Recent Developments
9.12. Venus Packaging
9.12.1. Overview
9.12.2. Financials
9.12.3. Product Benchmarking
9.12.4. Recent Developments
List of Tables

Companies Mentioned

  • 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
  • Venus Packaging