In 2021, the market for strapping equipment was valued at US$ 1.6 billion, growing by 4% year over year. Sales of strapping equipment are anticipated to grow at a 4.6% CAGR, reaching US$ 2.7 billion by 2032.
Strapping equipment refers to the machinery and tools used to strap or bind materials together securely. It involves the use of robust and durable straps, typically made of materials such as steel, polyester, or polypropylene. These straps are applied using various methods, including manual tensioning and sealing, semi-automatic machinery, or fully automated strapping systems.
The E-commerce sector is estimated to boost the market for the strapping equipment as it is used most frequently in it. Most industries are focussing on increasing productivity by reducing packaging time and ensuring 360-degree protection of bulk loads.
Request a Report Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15044
Growth Factors Fueling the Market
The strapping equipment market has experienced substantial growth in recent years, driven by several key factors:
- Rapid Expansion of E-commerce: The exponential growth of online shopping and the subsequent surge in parcel delivery services have propelled the demand for strapping equipment. As e-commerce platforms strive to streamline their supply chains and enhance efficiency, the need for robust packaging solutions has become paramount.
- Increasing Industrialization: The growth of industries such as manufacturing, construction, and logistics has boosted the demand for strapping equipment. These sectors rely on efficient packaging to ensure the safe transit of their products, creating a significant market opportunity for strapping equipment manufacturers.
- Focus on Sustainable Packaging: With rising environmental concerns, the adoption of eco-friendly packaging solutions has gained prominence. Strapping equipment manufacturers have responded by introducing sustainable strap materials and eco-conscious machinery, catering to the evolving demands of environmentally conscious consumers and businesses.
Competition Landscape
- Signode Industrial Group LLC,
- Cyklop International,
- Dongguan Xutian Packing Machine Co. Ltd.,
- Dynaric Inc.,
- Fromm Holding AG,
- Hefei Seelong Import and Export Group Co. Ltd,
- Messersi Packaging Srl,
- Mosca GmbH,
- North Shore Strapping Inc.,
- Packmaster Machinery Pvt Ltd,
- Polychem Corporation,
- Samuel, Son & Co.,
- StraPack, Corp.,
- Tiger Pack, Inc.,
- TITAN Umreifungstechnik GmbH and Co. KG,
- Transpak Equipment Corp,
- VENUS HARTUNG PTY LTD,
- GTI Industries Inc,
- FELINS,
- ASN Packaging Pvt Ltd.
Strapping equipment help to increase strength of heavy and bulk packages during loading and unloading thus consumes less processing time. On the back of this, end user’s inclination towards automatic strapping equipment has increased in recent years.
“Growing adoption of automatic strapping equipment across the food & beverage sector, along with increasing sales of consumer electronics across the globe,” says an FMI analyst.
Key Takeaways:
- Consumption of strapping equipment in shipping and logistics industry is expected to hold 1/3rd of the total market share over the forecast period.
- The demand for automated strap machines is significantly increasing. Every 5 out of 10 strapping equipment sold are automatic strapping equipment.
- Sales of vertical strapping equipment are expected to create an incremental opportunity of US$ 658 Mn during 2022-2032.
- North America and South Asia are estimated to be lucrative markets for strapping equipment.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-15044
Key Trends and Innovations in the Strapping Equipment Market
The strapping equipment market is dynamic, continuously evolving with technological advancements and changing customer requirements. Here are some key trends and innovations shaping the industry:
1. Automation and Robotics Revolutionizing Strapping Processes
The integration of automation and robotics has revolutionized the strapping process, enabling high-speed, accurate, and consistent packaging operations. Automated strapping machines equipped with robotic arms can efficiently strap packages of various sizes and shapes, minimizing the risk of human error. These advancements enhance productivity, reduce labor costs, and ensure uniformity in the strapping process.
2. Introduction of Lightweight and High-Tensile Strapping Materials
In recent years, there has been a growing preference for lightweight and high-tensile strapping materials. Manufacturers have introduced advanced polyester and polypropylene strapping materials that offer excellent tensile strength while being lighter in weight compared to traditional steel strapping. These materials provide cost-effective solutions without compromising the security of packaged goods.
Strapping Equipment Market by Category
By Product Type:
- Horizontal Strapping Machine
- Vertical Strapping Machine
By Automation:
- Manual
- Semi-automatic
- Automatic
By End Use Industry:
- Shipping & logistics
- Food & Beverages
- Building & Construction
- Electrical & Electronics
- Household Appliances
- Automobile
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
Before Buying, Visit for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-15044
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
