Metal Banding Machine Market Size: Industry Projected to Reach US$ 1,050.7 Million by 2033

The metal banding machine market is projected to flourish at an average CAGR of 4.0% between 2023 and 2033. The market is expected to hold a market share of US$ 1,050.7 million by 2033, while the market is likely to reach a value of US$ 709.6 million in 2023.

The transportation and logistics industry is set to drive growth in the market on the back of surging use of automatic metal banding equipment to pack goods within a minimal time.

A metal banding machine is a device that uses a stainless steel strap to wrap a product in a huge container. These machines are widely used for wrapping heavy and bulky goods for transportation and logistics purposes. These often use metal straps of different widths and each metal strap has individual potential.

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Over the last decade, technological advancements have encouraged manufacturers of packaging solutions, including metal banding machines, to offer new products with modernized mechanisms. Moreover, demand for automated metal banding machines has increased due to the global acceptance of Industry 4.0.

Key Takeaways: Metal Banding Machine Market 

  • The global metal banding machine market is expected to grow 1.5x over the forecast period.
  • The India metal banding machine market is projected to be valued at around US$ 31 Mn in 2022.
  • The Germany metal banding machine market is set to create an absolute $ opportunity of approximately US$ 17 Mn during the forecast period.
  • By automation type, the automatic segment is anticipated to generate a total incremental opportunity of US$ 216 Mn in the next decade.
  • Based on orientation, the horizontal metal banding machine segment is estimated to hold the largest share of 69% by the end of 2032.

Rising International Trade to Propel the Metal Banding Machine Market

The shipping and logistics industry plays an important role in accelerating international trade. Metal banding machines are widely used in the industry to transport goods with strong and durable straps.

These goods are heavy and bulky and thus should be packed with metal straps to avoid damage and other accidents. Increasing import and export activities across the globe are anticipated to drive the market in the next decade.

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Development of Innovative Metal Banding Machines to Drive Growth

Many developed countries are spending huge sums on research and development activities to come up with automated solutions for industries. Several packaging machinery manufacturers are also striving to generate more market shares by investing in the development of new machines with full functionality and customization.

End users are looking for innovative machines that can handle multiple tasks at the same time, thereby saving time and labor costs, as well as increasing profits. These factors would push sales of automated metal banding machines in the forthcoming years.

Competitive Landscape: Metal Banding Machine Market

Some of the leading companies present in the metal banding machine market include Signode Industrial Group LLC, Fromm Holding AG, Dongguan Xutian Packing Machine Co. Ltd., Cyklop International, North Shore Strapping Inc., Polychem Corporation, Transpak Equipment Corp, VENUS HARTUNG PTY LTD, GTI Industries Inc., Bystronic Laser AG, TRUMPF GmbH + Co. KG, transfluid® Maschinenbau GmbH, WAFIOS AG, Pines Engineering & H&H Tooling, SOCO Machinery, Euromac, Schwarze Robitec GmbH, Numalliance, Inductaflex Ltd., and Stierli Bieger AG.

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Segmentation:

By Automation:

  • Manual
  • Semi-automatic
  • Automatic

By Orientation:

  • Horizontal Metal Banding Machine
  • Vertical Metal Banding Machine

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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