• Mon. Dec 5th, 2022

Strapping Machine Market size to grow by USD 1.75 billion from 2021 to 2026|Driven by Rising Demand for Strapping Machines from E-commerce Sector |Technavio

NEW YORK, April 1, 2022 /PRNewswire/ — The “Strapping Machine Market by Product (Automatic and Semi-automatic) and Geography (North America, Europe, APAC, South America, and the Middle East and Africa) – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

Technavio has announced its latest market research report titled Strapping Machine Market by Product and Geography – Forecast and Analysis 2022-2026

The potential growth difference for the strapping machine market between 2021 and 2026 is USD 1.75 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

  • Market Driver – The key factor driving the global strapping machine industry growth is the rising demand for strapping machines from the e-commerce sector. As significant e-commerce platforms such as Amazon and eBay improve their logistics, strapping machines are being used in warehouses to wrap plastic or other materials to minimize mechanical damage, boosting the market growth. Furthermore, fully automatic strapping machines are cost-effective and remove labor costs for strapping, which are being extensively used and are fueling the growth of the market. Furthermore, as the e-commerce business expands, the need for sealing and strapping packages tapes will increase. For instance, in 2021, there were 27 million e-commerce users in Canada. It is expected that an additional 5.21 million users will be shopping online by 2023, according to data released by the export Government. Such factors will drive the market growth in the forecast period.

  • Market Challenges – The key challenge to the global strapping machine industry growth is the emergence of robots in the strapping process. The various end-users of industrial and transit packaging are facing problems in handling the proliferation of products of different shapes, sizes, and weights. Therefore, manufacturers have started creating strapping machines with robotic facilities for the convenience of end-users. For instance, Samuel Packaging Systems Group offers an ingot strapping machine with a robot stacker. The robotic arm attached to the palletizer gathers and stocks ingots in multiple layers for strapping. This completely avoids the requirement for manpower. The average price of robotic equipment is around 40% more than that of conventional automated equipment. Such factors are expected to limit the market opportunities of conventional strapping machine providers in the forecast period.

To learn about additional key drivers, trends, and challenges- Read our FREE Sample Report right now!

Segmentation Analysis:

The strapping machine market report is segmented by Product (Automatic and Semi-automatic) and Geography (North America, Europe, APAC, South America, and the Middle East and Africa).

View our sample report for additional insights into the contribution of all the segments ®ional opportunities.

Some Companies Mentioned

The strapping machine market is fragmented and the vendors are deploying growth strategies such as M and A and expansion of distribution channels to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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Strapping Machine Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.75%

Market growth 2022-2026

USD 1.75 billion

Market structure

Fragmented

YoY growth (%)

5.07

Performing market contribution

North America at 34%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ASN Packaging Pvt Ltd., Crown Holdings Inc., Crown Packaging Corp., Cyklop International, Dongguan Xutian Packing Machine Co. Ltd., Dynaric Inc., Fromm Holding AG, Hefei Seelong Import and Export Group Co. Ltd., Hunan ADTO Industrial Group Co. Ltd., Messersi Packaging Srl, Mosca GmbH, North Shore Strapping Inc., Packmaster Machinery Pvt Ltd., Polychem Corp., Samuel Son and Co. Ltd., StraPack Corp., Tiger Pack Inc., TITAN Umreifungstechnik GmbH and Co. KG, Transpak Equipment Corp., and VENUS HARTUNG PTY LTD.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com/

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Technavio (PRNewsfoto/Technavio)

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