Strapping Machine Market Size, Share & Trends Analysis Report By Product (Flux, Lubricant, Solder Paste, Adhesives & Sealants, Conformal Coatings), By Application, By Region, And Segment Forecasts, 2023 - 2030

Strapping Machine Market Size & Trends

The global strapping machine market size was valued at USD 4,921.6 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030. Globally growing demand from the packaging industry in various application segments is anticipated to be a key factor driving the growth. During the period from 2018 to 2030, the global market is projected to grow at a CAGR of 4.4% to reach USD 6, 945.1 billion by 2030. The growth can be attributed to rising demand from the various application industries such as food & beverages, consumer goods, and others. The Asia Pacific accounted for 33.1% of the global share in 2022. The presence of emerging economies such as India, China, and Japan are driving growth.

Strapping machines are widely used in the packaging industry for use in various applications such as food & beverages, consumer goods, newspapers, and merchandise products. The protection of these merchandise products requires strapping to combine, hold, stabilize, and fasten the goods. Primarily these operations are used for transportation of packaged goods, where machine creates a strap or band which holds the products or goods together. Utilization of machines in various industries such as general packaging, commercial & newspaper printing is expected to fuel the growth over the forecast period.

The big operations require the operators to consider safety as a paramount concern, and this may challenge the market growth. To address the safety concerns, different authorities such as HSE, BS, and others have laid down the standards for the operator’s safety. The health and safety standards are also, designed to provide guidelines for installation, operations, and other maintenance works required for strapping machines.

The semi-automatic segment accounted for the largest market value of USD 4,921.6 million in 2022 and is projected to grow at a rate of 4.4% between the period from 2023 to 2030. The semi-automatic segment finds a variety of uses in the packaging industry. The semi-automatic segment is offered in two types including low volume and moderate volume. This equipment finds use in the small business units that have limited packaging requirements. In addition to that, semi-automatic machines of the moderate volume types are utilized in industries providing continuous shipping of goods.

Strapping machines are purchased in bulk quantity in the Asia Pacific and North America regions due to the presence of the main market players in the packaging industry. The demand is coupled with major economies such as the U.S., Canada, India, China, and Japan. Furthermore, increasing the purchasing power of consumers has led to the growing demand for consumer goods and other merchandise products, which in turn is anticipated to fuel the strapping machine market growth.

Strapping Machine Market Trends

The global strapping market is anticipated to be driven by growing demand from the packaging industry in various application segments. The increasing awareness regarding product packaging is anticipated to fuel market growth over the forecast period. High demand for ready-to-eat food owing to hectic lifestyle is expected to fuel demand for the food & beverage packaging segment which in turn fuel the demand for strapping machine over the forecast period.

Strapping machines are purchased in bulk quantity in the Asia Pacific and North America regions due to the presence of the main market players in the packaging industry. The demand for strapping machines is coupled with major economies such as the U.S., Canada, India, China, and Japan. Furthermore, increasing the purchasing power of consumers has led to the growing demand for consumer goods and other merchandise products, which in turn is anticipated to fuel the strapping machine market growth.

The market is expected to witness significant demand on account of the growing demand for safe and stable packaging in application industries including newspaper & graphics, food & beverage, metal, construction, pharmaceutical, consumer electronics, and household appliances.

Strapping machine is used for packaging products in various industries including food & beverage, consumer electronics, metal, building & construction, household appliances, pharmaceuticals, and newspaper & graphics. However, the strapping machine market is capital intensive in nature. It requires a lot of capital investment for the installation of the strapping machine and R&D activities, which is a major challenge for key players and new entrants in the strapping machine market.

According to OSHA regulations, the employer that employs the equipment is responsible for ensuring that all other machines, including packing and pelletizing machines, adhere to the general machine guarding requirements, which will increase the demand for strapping machines.

Material Insights

Polypropylene (PP), polyester (PET), and steel are the materials used for strapping, wrapping, and sealing of household appliances such as electrical, kitchen, electronic and similar other home devices. Polypropylene is economical for use in pallet packing of light to medium weight household appliances, and in addition, it also has the advantage of being printed either before packing or post packing. Steel is one of the strongest materials used for the bundling and palletizing of goods, as it has excellent load-bearing capacity.

For light and medium-duty tasks including palletizing, unitizing, bundling, carton closing, and strengthening, polypropylene strapping is made. It functions dependably in hand tools and power strapping machines because it resists splitting and has a smooth, consistent surface. The elastic memory in polypropylene straps absorbs shock and maintains the strapping in place while being handled and shipped, thereby driving market demand.

Product Insights

The semi-automatic segment accounted for 49.0% of the global market share in 2022. The semi-automatic segment finds a variety of uses in the packaging industry. The semi-automatic segment is offered in two types including low volume and moderate volume. This equipment finds use in the small business units that have limited packaging requirements. In addition to that, semi-automatic machines of the moderate volume types are utilized in industries providing continuous shipping of goods. These aforementioned factors are anticipated to drive the market demand.

Automatic segment is expected to grow owing to various benefits such as faster application, adjustable tension, consistent quality, less wastage of straps, strapping compatibility, and durability.Various packages demand various amounts of adjustable tension. Soft and springy objects, for instance, may only require a small amount of strain to keep several of them together. On the other side, harder materials like timber crates might require tighter tensioning. With their changeable tension levels, automatic strapping machines enable workers to match the tension to the requirements of each item.

Application Insights

The food & beverage accounted for the largest segment using strapping machines for wrapping and packaging. The rising importance of packaging to protect food & beverage products has become a crucial factor driving demand. The strapping is important to maintain the usability and quality of goods during transportation of food commodities. Rising demand for various types of machines including semi-automatic, automatic, and fully automatic are increasing proportionately to the number of products to be shipped.

In order to attach and hold a package or bundle of objects together, a strap, often referred to as a band or a seal, is applied using a strapping machine. Strapping machines can be either manual or mechanical and can use a variety of straps, including cable, steel, and plastic.For quickly wrapping small or big quantities of household appliances, strapping devices are ideal. It is frequently necessary to tie product boxes together in order to carry them to and from trucks or trains more quickly. Additionally, these devices aid in preventing individual boxes or units from separating and dispersing around a warehouse floor.

The strapping machine provides safety and stability to the packaged products to ensure proper handling, storage, and shipment, which is the key factor responsible for the growth of the strapping machine market. Protection of the products used in the aforementioned application segments requires strapping in order to combine, hold, stabilize and fasten them.

Regional Insights

The Asia Pacific region is characterized by rising awareness regarding healthy food products coupled with changing demographics such as increasing income levels, purchasing decisions, and improving lifestyles are expected to fuel the growth of the food & beverage industry in this region, which is, in turn, likely to boost the demand for strapping machines.

High growth in consumer electronics in the Middle East and Africa, fostered by increasing demand for multi-functional, wearable, and miniaturized devices is anticipated to drive the regional market for strapping machine. Rising awareness regarding carbon emissions in automotive industries of Brazil, Argentina, Venezuela, and other CSA countries is likely to drive FDS demand in adhesive applications, since they lower overall vehicle weight and improve engine efficiency.

The demand for the strapping machine in China is driven by robust growth in various applicationindustries, especially consumer electronics. In addition, China being the largest exporter of consumer electronics, requires a large number of strapping machines for the safe shipment of products, augmenting the demand for strapping machines.

North America dominated the market and accounted for 24.3% of the global market share in 2022. Growing demand for processed food products in North America is expected to contribute toward the growth of food & beverage industry, which, in turn, is likely to drive the growth of strapping machine market over the forecast period. Furthermore, rising demand for consumer goods and the food packaging industry will propel the demand for strapping machines.

Increasing demand for packaged food and ready-to-eat products in the U.S. is expected to drive the market over the forecast period. In addition, continuously changing food consumption patterns and rising income levels are further expected to propel the market growth in this region.

Key Companies & Market Share Insights

The key players in the global market include Dynaric Inc., Fromm Holdings AG, Messersì Packaging S.r.l., MJ Maillis SA, Mosca GmbH, Polychem Corporation, Samuel Strapping Systems, StraPack Inc., Strapex Group, Transpak Equipment Corp., Signode Packaging Systems Corporation and others. The companies in this market emphasize on partnerships and collaborations with potential players to increase the market share and enhance the competitive aspect. Some prominent players in the strapping machine market include:

• Dynaric Inc.

• Fromm Holdings AG

• Messersi Packaging S.r.l.

• MJ Maillis S.A.

• Mosca GmbH

• Polychem Corporation

• Samuel Strapping Systems

• StraPack Inc.

• Strapex Group

• Transpak Equipment Corp.

• Signode Packaging Systems Corporation

Strapping Machine Market Report Scope

Global Strapping Machine Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels, and provides an analysis on the latest trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the strapping machine market on the basis of product, material, application, and region:

• Product Outlook (Revenue, USD Million; 2018 - 2030)

  • Semi-automatic

  • Automatic

  • Fully Automatic

• Materials Outlook (Revenue, USD Million; 2018 - 2030)

  • Steel

  • Polypropylene

  • Polyester

• Application Outlook (Revenue, USD Million; 2018 - 2030)

  • Food & Beverages

  • Consumer Electronics

  • Household Appliances

  • Newspaper & Graphics

  • Metal

  • Building & Construction

  • Others

• Regional Outlook (Revenue, USD Million; 2018 - 2030)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • The Middle East & Africa