Strapping Equipment Market to Exceed US$ 2.7 Bn by 2032, As Online Retail Continues to Gain Popularity - Future Market Insights, Inc.

The North American and South Asian markets are projected to be lucrative for strapping equipment. Sales of vertical strapping equipment have been on a steady growth trajectory, creating an opportunity worth 658 Million dollars during 2022 - 2032

NEWARK, Del., June 20, 2022 /PRNewswire/ -- The global strapping equipment market is expected to reach a valuation of US$ 1.7 Bn in 2022. With sales growing at a 4.6% CAGR, the market size will reach US$ 2.7 Bn by 2032.

Strapping equipment is increasingly being adopted in sectors such as food & beverages, shipping & logistics, building and construction, and automobile to pack heavy and bulky boxes. Usually, materials such as polyester, steel or plastic are used in strapping equipment to pack the product. Polyester is used as the strongest and most rigid material for packaging.

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.

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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 1/3^rd 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.

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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.

Global Strapping Equipment Market Report

Future market insights, in its new report, offers an unbiased analysis of the global market for strapping equipment market by product type (horizontal strapping equipment and vertical strapping equipment), by automation (manual, semi-automatic and automatic), by end-use industry (automobile, food & beverages, building & construction, electrical & electronics, household appliances, shipping & logistics and others), across seven regions.

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

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Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Impact of COVID-19

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Value Chain Analysis

        3.3.1. Profit Margin Analysis

        3.3.2. Manufacturers, Wholesalers and Distributors

        3.3.3. End Use Industry

    3.4. Regulatory Landscape

    3.5. Regional Parent Market Outlook

    3.6. Production and Consumption Statistics

    3.7. Global Average Pricing Analysis Benchmark

4. Global Strapping Equipment Market Analysis 2015–2021 and Forecast 2022–2032

    4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2015-2021

    4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast, 2022-2032

        4.2.1. Y-o-Y Growth Trend Analysis 

        4.2.2. Absolute $ Opportunity Analysis 

TOC Continued..!

About the Packaging Division at Future Market Insights

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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