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
- COVID-19 pandemic has shut-down the production of various products in the strapping machine industry attributed to the lockdown in countries worldwide. This has hampered the growth of strapping machines market from the last few months and is likely to continue during 2021.
- COVID-19 has already affected the sales of strapping machine in the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
- The major demand for strapping machine was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for strapping machines.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Strapping machine manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
- Strapping machine manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.
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
- Customization is one of the key marketing strategies. The development of customized strapping machines for several requirements of end-users will increase the growth of the strapping machine market during the forecast period. For instance, Dynaric Inc offers different types of strapping and banding machines for varied type of industries such as food, newspaper, and others. The company also offers various types of plastic strapping and banding materials. Automatic stainless steel strapping machines is one of the company’s key offerings in the market.
- The demand for strapping machines from numerous end-users is increasing considerably as they help to curtail the total cost of ownership. Moreover, end-users are aiming on diversifying their product lines and entering into partnerships with strapping machine manufacturers to avail flexible and customized products which can handle large product sizes. Thus making the production much more economical.
- In order to ensure smooth functioning of machineries and equipment, regular servicing is utmost essential. Keeping this mind, various strapping machine companies have collaborated with companies who provides services on maintenance and repairs. For instance, Reisopack is a company that supplies both new and used strapping machines that offer a solution for every budget. Reisopack, in collaboration with Steenks Service, also takes care of maintenance and repairs on these machines. Their specialized technicians can also provide maintenance and repairs at the concerned location, if they desire so.
Key Benefits of the Report
- This study presents the analytical depiction of the strapping machine industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the strapping machine industry share.
- The current market is quantitatively analysed to highlight the strapping machine industry growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed strapping machine industry analysis based on competitive intensity and how the competition will take shape in coming years
Strapping Machine Market Report Highlights
| Aspects | Details |
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 Key Market Players | MJ Maillis SA, Transpak Equipment Corp., Samuel Strapping Systems, Fromm Holdings AG, Mosca GmbH, Messersì Packaging S.r.l., Dynaric Inc., Strapex Group, Polychem Corporation, StraPack Inc., Signode Packaging Systems Corporation |
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