The packaging tensioner market is a rapidly growing segment of the packaging industry. Packaging tensioners are tools used to tighten and secure packaging straps, which are commonly used in a variety of industries to secure boxes, pallets, and other items for shipping and storage. The market for package tensioners is anticipated to reach US$ 1.0 billion in value in 2022 and grow at a CAGR of 4.8% to reach US$ 1.6 billion by 2032. According to estimates, the top 3 nations will account for between 30 and 35 percent of global revenue in the packaging tensioner market by 2022.
The global packaging tensioner market has been witnessing significant growth over the past few years, and this trend is expected to continue in the coming years. The increasing demand for packaging tensioners is driven by several factors, including the growth of e-commerce, the rise of globalization, and the need for efficient and secure packaging solutions.
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One of the key drivers of the packaging tensioner market is the growth of e-commerce. With the rise of online shopping, there has been a significant increase in the number of packages being shipped, which has created a growing demand for packaging tensioners. These tools are essential for securing packages during transportation and ensuring that they arrive at their destination in good condition.
Another factor driving the growth of the packaging tensioner market is the rise of globalization. As companies expand their operations into new markets, there is a growing need for secure and efficient packaging solutions to ensure that products are shipped safely across long distances.
In addition to these factors, the increasing focus on sustainability is also driving the demand for packaging tensioners. Many companies are looking for eco-friendly packaging solutions that are not only secure and efficient but also reduce their environmental impact.
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Overall, the packaging tensioner market is a dynamic and rapidly growing segment of the packaging industry. With the continued growth of e-commerce, globalization, and the focus on sustainability, the demand for packaging tensioners is expected to remain strong in the coming years.
Competitive Landscape
The packaging tensioner market is expected to be fragmented and very competitive. Key participants use a variety of showcasing methods, including new product launch and mergers. Most of the key players operating in the packaging tensioner market are switching towards the usage of advance packaging. Leading players similarly utilize new product development as an essential method for growing their market presence among customers. Some of the recent developments in the market are as follows:
- In Jan 2022 Samuel Packaging Systems Group announced to expand their operations in York County. The company will create an estimated twenty new jobs and investment about US$ 11.5 Mn.
- In July 2020, FROMM Packaging Systems introduced its new product named Smart S-series, 3 in 1 battery powered strapping tools. With the launch of this new series Fromm demonstrates its innovative power and quality as the market leader.
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Key Players:
- FROMM Packaging Systems
- Dynaric, Inc.
- North Shore Strapping Inc.
- Samuel Packaging Systems Group
- Transpak Equipment Corp
- Tiger Pack, Inc.
- Venus Hartung Pty Ltd.
Packaging Tensioner Market by Category
By Material:
- Plastic
- Polyester
- Polypropylene
- Metal
- Steel
- Aluminium
By Operation:
- Manual
- Battery-operated
By End Use:
- Food & Beverages
- Pharmaceuticals
- Chemicals
- Building & Construction
- Agriculture
- Automotive
- Logistics & Transportation
- Homecare
- Others (Textile, Cosmetics & Personal Care)
By Region:
- North America
- Latin America
- Europe
- South Asia
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