Global Strapping Equipment Market, By Type (Automatic, Semi-Automatic, Fully Automatic), Product (Horizontal Strapping Machine, Vertical Strapping Machine), Material (Zinc coated, Plastic coated, Stainless Steel, Regular Steel, High Tensile Steel, Polyester), Application (Load security, Bundling, Handling aid, Binding, Packaging), End User (Consumer Goods, Commercial Printing, Postal) – Industry Trends and Forecast to 2029
Market Analysis and Size
The strapping has been witnessing huge popularity owing to its usage in increasing the stability of big and bulky products during loading and unloading, which reduces processing time. The end user's preference for automatic strapping equipment has recently grown due to this. Additionally, the manufacturers across the globe are inclining towards various innovation and developments which will help market gain growth during the forecast period.
The strapping equipment market was valued at USD 5.15 billion in 2021 and is expected to reach USD 7.73 billion by 2029, registering a CAGR of 5.20% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Automatic, Semi-Automatic, Fully Automatic), Product (Horizontal Strapping Machine, Vertical Strapping Machine), Material (Zinc coated, Plastic coated, Stainless Steel, Regular Steel, High Tensile Steel, Polyester), Application (Load security, Bundling, Handling aid, Binding, Packaging), End User (Consumer Goods, Commercial Printing, Postal)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Mosca Direct Ltd. (U.K.), Samuel Son & Co. (Canada), MAILLIS GROUP (U.S.), Transpak Equipment Corp. (Taiwan), Signode Industrial Group LLC (U.S.), Strapex (Belgium), Crown (U.S.), Teufelberger (Austria), GREENBRIDGE (U.S.), FROMM Group (Switzerland), DuBose Strapping, Inc. (U.S.), Messersì Packaging S.r.l. (Italy), Auto Strap (India), Polychem Corporation (U.S.), PAC Strapping Products, Inc (U.S.), Scientex Berhad(Malaysia), North Shore Strapping Inc. (U.S.), Signor Polymers (India), RUPAREL POLYSTRAP PVT. LTD. (India), CONSENT (UAE), LINDER Seevetal (Germany), Plastex (India), SA Bias Industries (Pty) Ltd. (South Africa), Samuel, Son & Co., (Canada), Trinity Group Limited (U.K.) and Messersì Packaging S.r.l. (Switzerland)
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Market Opportunities
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Market Definition
A strapping machine, also referred to as a bundler, is a device that holds bundles, boxes, and packages tightly together. It is used to package goods like food, home appliances, and alcoholic beverages. Typically, polyester, polypropylene, and steel are used to make the straps that strapping machines supply. In order to pack large, heavy boxes, strapping equipment is becoming more and more used in industries including food and beverage, transportation and logistics, building and construction, and automobiles.
Strapping equipment Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Usage across End Use Industries
In order to pack large, heavy boxes, strapping equipment is becoming more and more used in industries including food and beverage, transportation and logistics, building and construction, and automobiles. Typically, strapping equipment is made of materials such as polyester, steel, or plastic. During the anticipated period, the expansion of the strapping equipment market will be influenced by the expanding demand in the consumer goods, food and beverage industries.
Furthermore, factors such as the rapid industrialization, increasing demand for effective packaging solutions across industries and rising customer disposal income will further propel the growth rate of strapping equipment market. The growing packaging industry in developed and emerging countries and increasing demand for industrial packaging products will drive market value growth.
Opportunities
- Increased Preference for Advanced Equipment and Customizable Strapping Machines
The growing preference for technologically advanced strapping equipment further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the launch of customizable strapping machines will further expand the future growth of the strapping equipment market.
Restraints/Challenges
- High Costs
The high costs of the strapping equipment will create hindrances for the growth of the strapping equipment market as the small industries are incapable to afford the high cost equipment.
- Negative Impact of COVID-19
With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply of packaging solutions. Also, the fluctuations in raw materials prices will prove to be a demerit for the strapping equipment market. Therefore, this will challenge the strapping equipment market growth rate.
This strapping equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the strapping equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Strapping Equipment Market
The recent outbreak of coronavirus had a significant influence on the strapping equipment market. In 2020, the pandemic has a detrimental effect on the market for strapping machines. Governments around the world have been forced to enact stringent regulations limiting the movement of people and vehicles due to the virus's rapid rise in its ability to spread. The epidemic has impacted economies and businesses in numerous nations due to travel restrictions, widespread lockdowns, and business closures. Production of commodities, goods, and services has decreased as a result of the lockdown imposition. However, manufacturing and construction industries have resumed operations as of 2021 thanks to the improvement of lockdown and vaccination procedures. As a result, the need for strapping machines has begun to increase.
Global Strapping Equipment Market Scope
The strapping equipment market is segmented on the basis of type, product, material, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Automatic
- Semi-Automatic
- Fully Automatic
Product
- Horizontal Strapping Machine
- Vertical Strapping Machine
Material
- Zinc coated
- Plastic coated
- Stainless Steel
- Regular Steel
- High Tensile Steel
- Polyester
Application
- Load security
- Bundling
- Handling aid
- Binding
- Packaging
End User
- Consumer Goods
- Commercial Printing
- Postal
Strapping Equipment Market Regional Analysis/Insights
The strapping equipment market is analyzed and market size insights and trends are provided by country, type, product, material, application and end user as referenced above.
The countries covered in the strapping equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the strapping equipment market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the large huge growth in the packaging industry, increasing GDP, rising disposable income and growing middle class population within the region.
North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the favorable government policies as well as the rising development in the food and consumer good packaging industry in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Strapping Equipment Market Share Analysis
The strapping equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to strapping equipment market.
Some of the major players operating in the strapping equipment market are
- Mosca Direct Ltd. (U.K.)
- Samuel Son & Co. (Canada)
- MAILLIS GROUP (U.S.)
- Transpak Equipment Corp. (Taiwan)
- Signode Industrial Group LLC (U.S.)
- Strapex (Belgium)
- Crown (U.S.)
- Teufelberger (Austria)
- GREENBRIDGE (U.S.)
- FROMM Group (Switzerland)
- DuBose Strapping, Inc. (U.S.)
- Messersì Packaging S.r.l. (Italy)
- Auto Strap (India)
- Polychem Corporation (U.S.)
- PAC Strapping Products, Inc (U.S.)
- Scientex Berhad(Malaysia)
- North Shore Strapping Inc. (U.S.)
- Signor Polymers (India)
- RUPAREL POLYSTRAP PVT. LTD. (India)
- CONSENT (UAE)
- LINDER Seevetal (Germany)
- Plastex (India)
- SA Bias Industries (Pty) Ltd. (South Africa)
- Samuel, Son & Co., (Canada)
- Trinity Group Limited (U.K.)
- Messersì Packaging S.r.l. (Switzerland)
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