Strapping Machine Market Size To Reach $6.94 Billion By 2030

Strapping Machine Market Growth & Trends

The global strapping machine market size is expected to reach USD 6.94 billion by 2030, growing at a CAGR of 4.4%, according to a new report by Grand View Research, Inc. Globally increasing demand from the Asia Pacific region has been a major factor driving market growth. In addition, significant growth in various application industries such as food & beverage, packaging, and consumer goods is further boosting the market growth.

Strapping machines are extensively used in the packaging industry for the strapping or wrapping of goods as packages held tight & together have a longer shelf life. The growing need for safe shipping of the various products from applications such as food & beverages, consumer appliances, household appliances, newspapers, and other merchandise goods are fueling the demand for the strapping machines over the forecast period.

Semi-automatic was the largest category in 2016 and the trend is expected to continue over the forecast period. Semi-automatic strapping machines are extensively used owing to its reduced maintenance cost, adjustable height, strap variety, and high tension control.

The Asia Pacific is expected to continue its domination over the forecast period primarily driven by the presence of major economies such as India, China, Japan, and others. Asia Pacific expected to experience the fastest growth over the forecast period with an estimated CAGR of 5.6% from 2017 to 2025.

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Strapping Machine Market Report Highlights

• 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.

• Globally, polypropylene (PP) as a strapping material is projected to experience significant growth in terms of revenue at a CAGR of 5.5% between 2023 and 2030. The growth can be attributed to rising demand from the packaging industry and the growing need for increasing the shelf life of goods.

• 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.

• 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

Strapping Machine Market Segmentation

Grand View Research has segmented the global strapping machine market based on product, material, application, and region:

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

• Semi-automatic

• Automatic

• Fully Automatic

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

• Steel

• Polypropylene

• Polyester

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

• Food & Beverages

• Consumer Electronics

• Household Appliances

• Newspaper & Graphics

• Metal

• Building & Construction

• Others

Strapping Machine 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

List of Key Players in Strapping Machine Market

• 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