Latin America Strapping Machine Market Size & Outlook
Latin America strapping machine market, 2018-2030 (US$M)
Related Markets
Latin America strapping machine market highlights
- The Latin America strapping machine market generated a revenue of USD 702.7 million in 2023.
- The market is expected to grow at a CAGR of 3.8% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 702.7 million |
| Market revenue in 2030 | USD 914.9 million |
| Growth rate | 3.8% (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, Latin America region accounted for 13.8% 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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Latin America 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 50.93% in 2023. Horizon Databook has segmented the Latin America 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 various end-use industries, especially food & beverage, consumer electronics, metal, and newspaper & graphics, is anticipated to increase the demand for strapping machine in the region.
Increasing demand for processed food, ready-to-eat food, nutritional supplements, and healthy foods products is anticipated to fuel food & beverage market in Central & South America.
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Our clientele includes a mix of strapping machine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America strapping machine market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America strapping machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America strapping machine market size, by country, 2018-2030 (US$M)
Latin America Strapping Machine Market Outlook Share, 2023 & 2030 (US$M)
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