The global horizontal strapping machine market is anticipated to reach US$ 788.7 Mn in value in 2022 and continue to grow at a CAGR of 3.6% from 2022 to 2032, according to research from Future Market Insights. By the end of 2022, the top 3 nations are expected to control around 34% of the global market for horizontal strapping machines, according to projections.
Strapping machines are used to dispenses, seal and tighten straps while bundling or packing. It allows the horizontal strapping of palletized loads by means of straps made of polypropylene or polyester. Horizontal strapping machine is ideal for cartons, books, calcium-plastic cases, hard and soft packages.
Horizontal strapping machine is easy to use and has low maintenance costs. It can straps all kinds of articles whether it is in the form of square, cylinder or in any annulation. Horizontal strapping machine provides accurate positioning of straps and high production throughput of 8 straps per minute depending upon load size and conveyer speed.
Semi-automatic horizontal strapping machines & fully automatic horizontal strapping machines are preferred by manufacturers. Selecting horizontal strapping machine is very crucial as if not selected properly it can damage the product during transit which can lead to inappropriate packaging. The main application of horizontal strapping machines includes commodity, apparels, newspaper and merchandise products, food & beverage, chemical, machinery & hardware & textile industries
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Horizontal Strapping Machine Market: Dynamics
The growing demand in packaging industry for various applications is appraised to be a key factor. Horizontal strapping machines are very popular due to strap guide system, safety device & top-down or bottom-up strapping patterns and are preferred over vertical strapping machine. With the rise in online shopping, the manufacturers are preferring the horizontal strapping machines where proper packaging of products or parcels is one of major concern.
Furthermore, in the developing economies such as India and China of Asia Pacific are witnessing enormous growth in the horizontal strapping machines. Factors such as increasing disposable income and changing lifestyles are driving the food & beverage industry which in turn driving the growth of horizontal strapping machines in most of the industries.
Utilization of horizontal strapping machines in various industries such as commercial & general packaging, newspaper printing and many other industry is expected to fuel the demand in the market. Rising consumer awareness towards the food safety is also driving the demand for sealed packaging which further increases the demand for horizontal strapping machines.
Horizontal Strapping Machine Market: Key Players
Some of the global key players in the horizontal strapping machine market are as follows:
- Join Pack Machines Pvt. Ltd.
- Vinayak Packaging Industries
- Messersì Packaging S.r.l
- Dynaric Inc.
- Go Packaging LLC.
- Mosca GmbH
- Strapex Group
- Signode Packaging Systems Corporation
- Transpak Equipment Corp.
- StraPack Inc.
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Horizontal Strapping Machine Market: Key Developments
- FROMM Holding AG., a Switzerland based company has acquired PAC Strapping Products Inc. and US Strapping Company Inc. in 2018.
- StraPack Inc. has expanded its third manufacturing site in 2013 & acquired Nichiro Kogyo Co., Ltd., a leading machinery manufacturing industry.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Horizontal Strapping Machine Market: segmentation
On the basis of material, global horizontal strapping machine can be segmented as:
- Steel
- Polypropylene
- Polyester
On the basis of product type, global horizontal strapping machine can be segmented as:
- Semi-automatic horizontal strapping machine
- Automatic horizontal strapping machine
- Fully automatic horizontal strapping machine
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On the basis of end use industries, global horizontal strapping machine can be segmented as:
- Food & Beverages
- Electronics industry
- Pharmaceutical & personal care
- Chemical industry
- Others
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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.
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