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| Report Code: A12168 | Nov 2023 | Pages: NA | ||
| Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Strapping Machine Market
Request Now !Strapping machine is an equipment which combines all the necessary actions like closing, cutting and tensioning in a single device. Since these are light weighted therefore it is easier to work with them. This equipment is extensively for keeping boxes, packages and bundles held together and tight. There are 3 main uses of strapping; pallet strapping, to join one parcel to another, and to offer more strength. It can be used to secure almost anything, from fragile products to bulky loads. A strapping machine is electrically powered and uses strapping to consistently create a secure seal on parcels and packages that is guaranteed to hold. Employees in commercial printing, food, general packing, lumber, newspaper printing, magazine publishing, and postal fields all need different types of strapping. Shipping books, papers, and merchandise products requires a simple and yet secure method of packaging. The product outlook type may vary with respect to the volume level. The price of the strapping machines and strapping packages vary depending upon the models and company.
Market Scope and Structure Analysis
Description
Strapping machines are useful and very convenient, particularly in manufacturing, merchandising, and shipping operations. The global strapping machine market is predicted to grow at a fast very fast pace during the forthcoming forecast period. The increasing demand on a global platform from the Asia Pacific region has been a major reason which is driving market growth. In addition, noteworthy growth in various application industries such as food & beverage, packaging, and consumer goods is further enhancing the market growth. Strapping machines are widely used in the packaging industry for the strapping or proper wrapping of goods as packages which are held tight & together are expected to have a longer shelf life. The rising need for safe shipping of the varied products from applications such as food & beverages, consumer appliances, household appliances, newspapers, and other merchandise goods are accelerating the demand for the strapping machines over the forecast period. Semi-automatic was the major category in 2016 and the trend is likely to continue over the forecast period. Owing to its reduced maintenance cost, adjustable height, strap variety, and high tension control, semi-automatic strapping machines are broadly used. The Asia Pacific is estimated to continue its dominance over the forecast period primarily because of the presence of major economies such as India, China, Japan, and others. Asia Pacific expected to experience a fast paced growth over the forecast period. Though there are numerous manual devices readily available for packaging needs. Not everyone who deals with a lesser amount of shipping needs to purchase a heavy duty strapping machine. However, on the other hand, there are factors that may hamper the growth of the market including the requirement of huge amount of capital investment to initiate manufacturing
COVID-19 Impact analysis
Top Impacting Factors
The reasons that boost the growth of the strapping machine industry include upsurge of demand in food and beverage industries, investment by producers in these machines to achieve cost-as well as product effectiveness, focusing more on package security that will further intensify the growth and development. The rising need for safe shipping of the varied products from applications such as food & beverages, consumer appliances, household appliances, newspapers, and other merchandise goods are accelerating the demand for the strapping machines over the forecast period. Strapping Machine Market is expected to grow at a significant CAGR of 4.9% in the upcoming period as the scope, product types, and its applications are increasing all across the world. Since these machines do all hard work, save time, energy and also materials, thus soaring the demand of strapping machines worldwide. Moreover, product packaging plays a dynamic role in the market. Spending high amount on packaging apart from the product itself is imperative, as the product is a quality product, but if not properly packed, it might become unattractive for the consumer and may lower the demand for the concerned product.
Market Trends
Key Benefits of the Report
Strapping Machine Market Report Highlights
| Aspects | Details |
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| By Product Type |
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| By Material |
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| By Application |
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| By Style |
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| By Region |
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| Key Market Players | Messersì Packaging S.r.l., Samuel Strapping Systems, Transpak Equipment Corp., MJ Maillis SA, Strapex Group, Fromm Holdings AG, Dynaric Inc., Polychem Corporation, Mosca GmbH, StraPack Inc., Signode Packaging Systems Corporation |
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