Germany Strapping Machine Market Size & Outlook, 2023-2030
Germany strapping machine market, 2018-2030 (US$M)
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Germany strapping machine market highlights
- The Germany strapping machine market generated a revenue of USD 210.4 million in 2023 and is expected to reach USD 287.7 million by 2030.
- The Germany 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 210.4 million |
| Market revenue in 2030 | USD 287.7 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, Germany accounted for 4.1% 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 Europe, UK strapping machine market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 375.7 million by 2030.
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Strapping Machine Market Scope
Strapping Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 45.87% in 2023. Horizon Databook has segmented the Germany strapping machine market based on semi automatic, automatic, fully automatic covering the revenue growth of each sub-segment from 2018 to 2030.
Robust growth in food & beverage industry due to growing awareness regarding healthy food products is expected to fuel the demand for strapping machines over the years ahead.
The product segment is expected to witness surge at 4.9% rate from 2017 to 2025 owing to its high tension control and good stability in high volume packaging.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany strapping machine market , including forecasts for subscribers. This country databook contains high-level insights into Germany strapping machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany strapping machine market size, by product, 2018-2030 (US$M)
Germany Strapping Machine Market Outlook Share, 2023 & 2030 (US$M)
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