Asia Pacific Strapping Machine Market Size & Outlook
Asia Pacific strapping machine market, 2018-2030 (US$M)
Related Markets
Asia Pacific strapping machine market highlights
- The Asia Pacific strapping machine market generated a revenue of USD 1,762.4 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, semi automatic was the largest revenue generating product in 2023.
- Semi Automatic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,762.4 million |
| Market revenue in 2030 | USD 2,506.6 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Semi automatic |
| Fastest growing segment | Semi Automatic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Semi Automatic, Automatic, Fully Automatic |
| Key market players worldwide | Dynaric Inc, MJ Maillis, Polychem Corporation, Signode Packaging Systems, FROMM, Mosca, Samuel Strapping Systems, StraPack, Strapex |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 34.5% of the global strapping machine market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 750.2 million by 2030.
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Strapping Machine Market Scope
Strapping Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific strapping machine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to strapping machine market will help companies and investors design strategic landscapes.
Semi automatic was the largest segment with a revenue share of 49.93% in 2023. Horizon Databook has segmented the Asia Pacific strapping machine market based on semi automatic, automatic, fully automatic covering the revenue growth of each sub-segment from 2018 to 2030.
Rising awareness regarding healthy food products coupled with changing demographics such as increasing income level, purchasing decision, and improving lifestyle is expected to fuel the growth of food & beverage industry in this region, which is, in turn, likely to boost the demand for strapping machines.
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Our clientele includes a mix of strapping machine market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific strapping machine market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific strapping machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific strapping machine market size, by country, 2018-2030 (US$M)
Asia Pacific Strapping Machine Market Outlook Share, 2023 & 2030 (US$M)
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