India Strapping Machine Market Size & Outlook, 2023-2030
India strapping machine market, 2018-2030 (US$M)
Related Markets
India strapping machine market highlights
- The India strapping machine market generated a revenue of USD 212.6 million in 2023 and is expected to reach USD 291.3 million by 2030.
- The India 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 212.6 million |
| Market revenue in 2030 | USD 291.3 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, India accounted for 4.2% 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 Asia Pacific, China strapping machine market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 976.3 million by 2030.
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Strapping Machine Market Scope
Strapping Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 49.15% in 2023. Horizon Databook has segmented the India strapping machine market based on semi automatic, automatic, fully automatic covering the revenue growth of each sub-segment from 2018 to 2030.
This growth in various application industries is projected to fuel the market growth over the forecast period. Owing to its high strength and recycling abilities, steel materials are extensively used in diverse application segments for packaging purpose.
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Horizon Databook provides a detailed overview of country-level data and insights on the India strapping machine market , including forecasts for subscribers. This country databook contains high-level insights into India strapping machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India strapping machine market size, by product, 2018-2030 (US$M)
India Strapping Machine Market Outlook Share, 2023 & 2030 (US$M)
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