Brazil Strapping Machine Market Size & Outlook, 2023-2030
Brazil strapping machine market, 2018-2030 (US$M)
Related Markets
Brazil strapping machine market highlights
- The Brazil strapping machine market generated a revenue of USD 255.1 million in 2023 and is expected to reach USD 350.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.6% 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.
Strapping machine market data book summary
| Market revenue in 2023 | USD 255.1 million |
| Market revenue in 2030 | USD 350.5 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Semi automatic |
| Fastest growing segment | Semi Automatic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 5.0% of the global strapping machine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil strapping machine market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 350.5 million by 2030.
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Strapping Machine Market Scope
Strapping Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 51.27% in 2023. Horizon Databook has segmented the Brazil strapping machine market based on semi automatic, automatic, fully automatic covering the revenue growth of each sub-segment from 2018 to 2030.
In Brazil, robust growth in food & beverage industry on account of increasing disposable income, changing lifestyle, and consumption pattern is expected to fuel the market growth over the forecast period.
Steel strapping machine in Brazil is anticipated to be the fastest growing material segment with a CAGR of 6.0%. Polyester material provides excellent retained tension on high volume loads and recovery properties.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil strapping machine market , including forecasts for subscribers. This country databook contains high-level insights into Brazil strapping machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil strapping machine market size, by product, 2018-2030 (US$M)
Brazil Strapping Machine Market Outlook Share, 2023 & 2030 (US$M)
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