The global automatic banding machine market is forecast to reach a valuation of US$ 5.6 Bn by 2033, with demand increasing at a 4.8% CAGR over the assessment period.
Banding machines are known for being user-friendly and sturdy. An automatic banding machine uses plastic tape or paper tape to wrap items together. The items which are misaligned easily such as reams of paper, envelopes, paper money, etc. are suitable for banding. All these benefits are increasing sales of automatic banding machines.
Eco-friendly packaging is now a crucial environmental consideration which means the least amount of plastic, packaging material, and energy should be used. Banding helps to reduce CO2 footprint and waste because it stands for “only as much packaging as needed” and offers an aesthetic look to products.
Wholesalers and retailers are attentive to this and pass on parallel requirements to their suppliers and producers, who then look for suitable packaging solutions for their products. As the demand for eco-friendly packaging increases, sales of automatic banding machines will rise in tandem.
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Automatic Banding Machine Market by Category
By Machine Type:
- Semi-Automatic Banding Machine
- Fully-Automatic Banding Machine
By Capacity:
- Less than 20 bundles/min
- 20-30 bundles/min
- More than 30 bundles/min
By End Use:
- E-commerce
- Banking
- Pharmaceuticals
- Printing
- Food & Beverages
- Consumer Goods
- Electrical & Electronics
- Automotive
- Chemicals
- Others (Toy, Textile, etc.)
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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Competition Landscape
Bandall Inc., Bandpak, Sunpack Xutian, Felins, HXCP Precision Machinery Co., Ltd., EAM-MOSCA CORPORATION, StraPack, Corp., Millenium Packaging Solutions, RMH systems, Inc., TPC Packaging Solutions, Huff Technologies Inc., Reisopack B.V., Stream Peak International Pte Ltd, ISG PACK, CARBONCHI CTI Ltd, WEXLER PACKAGING PRODUCTS INC., ATS, FEIFER, Av SAB F.P.M, PAC Strapping Products, Inc. are some of the key players operating in the global automatic banding machine market.
Country-wise Insights
Increasing Adoption of Automatic Pallet Strapping Machines in Japan to Fuel the Market Growth
As per the facts published by International Trade Administration, Japan’s pharmaceutical market is one of the largest pharmaceutical markets globally. In 2020, Japan’s market for prescription and non-prescription pharmaceuticals stood at US$ 107 million.
It also predicted that the patented drug market where international products are available will expand at a considerable pace. Growing demand for pharmaceutical products in Japan is fueling sales of automatic banding machines. As per FMI, sales in Japan are slated to surge at a 4.3% CAGR over the analysis period.
What is Driving the China Automatic Banding Machine Market?
Rising Demand for Pallet Bander Machines in China Will Boost Sales
The demand in China is estimated to increase at a CAGR of 6.2% over the forecast period. According to the Flexible Packaging Association, China’s printing industry is highlighting integration, digitalization, and intelligence in its approach toward a printing powerhouse.
China’s printing industry is well-positioned to make a greater contribution to the development of the global printing industry. China’s global exhibition designed for all printing equipment & technology also known as All in Print China is one of the greatest prominent exhibitions in China’s printing industry. The ongoing expansion in the printing industry is expected to fuel sales in China.
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Competitive Landscape
Key players in the automatic banding machine market are strongly focusing on profit generation from their existing product portfolios along while exploring potential new applications. The players are emphasizing on increasing their automatic banding machine production capacities, to cater to the demand from numerous end use industries. Prominent players are also pushing for geographical expansion to decrease the dependency on imported automatic banding machine.
Recent Developments:
- In 2023, Millenium Packaging Solutions announced the launch of its new line of automatic banding machines that are designed to be more water-resistant. The new machines can withstand exposure to water, making them a more suitable option for applications in wet environments.
- In 2023, RMH Systems, Inc. announced the launch of its new line of automatic banding machines that are designed to be more high-performance. The new machines are designed to meet the demanding requirements of a variety of applications, including packaging, labeling, and industrial bonding.
- In 2022, Felix Pac announced the launch of its new line of automatic banding machines that are designed to be more cost-effective. The new machines are made from a lower-cost material that is still effective in a variety of applications.
- In 2021, Bandall announced the launch of its new line of automatic banding machines that are designed to be more sustainable. The new machines are made from recycled materials and are recyclable in standard paper recycling streams.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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