Product Code: PM1045
The global strapping machine market size is expected to reach USD 7.80 billion by 2032, according to a new study by Polaris Market Research. The report "Global Market Share, Size, Trends, Industry Analysis Report: Information By Product, By Material (Polypropylene, Polyester, Steel, Others), By Application, By End Use And By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The swift expansion of the worldwide packaging industry is a primary driver for this sector's growth. Heightened concerns about ensuring product safety to prevent damage and losses during packaging and shipping contribute significantly to industry expansion. The escalating demand from sectors such as consumer goods, food and beverage, and newspaper and publishing further accelerated the adoption of the product.
A rising trend among small and medium businesses is the growing demand for products to enhance packaging efficiency while simultaneously reducing costs. Nevertheless, the industry faces a constraint in the form of high initial investment costs for the product, limiting overall growth. The emergence of new markets, technological advancements, and an increasing adoption rate by small and medium businesses present opportunities for the expansion of the strapping machine market in the foreseeable future.
The industry encompasses different models, including semi-automatic, automatic, and fully automatic strapping machines. The forecast indicates that the semi-automatic strapping machine segment is committed to taking the lead, primarily driven by a growing demand from small and medium-sized businesses. Semi-automatic technology is tailored for handling small and medium-sized items, necessitating manual strapping input by users. The increased adoption of semi-automatic technology across diverse industries, including food & beverage, consumer goods, publishing, and electronics, among others, has contributed to its rising demand in recent years.
Strapping Machine Market Report Highlights
The packaging segment held the largest market share in 2023 due to its utilization in every industry sector.
In 2023, the food and beverage category emerged as the fastest-growing market segment as there is a boom in the packaged food industry.
Asia pacific region held the largest market share in 2023 due to growing awareness of healthy food products, accompanied by evolving demographics marked by rising income levels, changing purchasing decisions, and improving lifestyles.
North America region is expected to be the fastest share during the forecast period due to escalating demand for processed food products in the region.
The global key market players include Duplomatic MS Mechatronics BU, Dynaric Inc., Fromm Holdings AG, Messersi Packaging S.r.I., MJ Maillis S.A., Mosca GmbH, Polychem Corporation, Samuel Strapping Systems, StraPack Inc., Strapex Group, Transpak Equipment Corp., Signode Packaging Systems Corporation.
Polaris Market Research has segmented the strapping machine market report based on product, material, application, end use, and region:
Strapping Machine, Product Outlook (Revenue - USD Billion, 2019 - 2032)
- Semiautomatic strapping machines
- Automatic strapping machines
- Fully automatic strapping machines
Strapping Machine, Material Outlook (Revenue - USD Billion, 2019 - 2032)
- Polypropylene
- Polyester
- Steel
- Others
Strapping Machine, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Bundling
- Binding
- Packaging
- Others
Strapping Machine, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Consumer goods
- Food and beverage
- Newspaper and publishing
- Postal
- others
Strapping Machine, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of Middle East & Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Strapping Machine Market Insights
- 4.1. Strapping Machine - Industry Snapshot
- 4.2. Strapping Machine Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Automation in industries to spur the demand for strapping machines
- 4.2.1.2. Boom in e-commerce and food & beverage industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. high investment cost
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Strapping Machine Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Strapping Machine Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 5.3. Semiautomatic strapping machines
- 5.3.1. Global Strapping Machine Market, by Semiautomatic strapping machines, by Region, 2019-2032 (USD Million)
- 5.4. Automatic strapping machines
- 5.4.1. Global Strapping Machine Market, by Automatic strapping machines, by Region, 2019-2032 (USD Million)
- 5.5. Fully automatic strapping machines
- 5.5.1. Global Strapping Machine Market, by Fully automatic strapping machines, by Region, 2019-2032 (USD Million)
6. Global Strapping Machine Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 6.3. Bundling
- 6.3.1. Global Strapping Machine Market, by Bundling, by Region, 2019-2032 (USD Million)
- 6.4. Binding
- 6.4.1. Global Strapping Machine Market, by Binding, by Region, 2019-2032 (USD Million)
- 6.5. Packaging
- 6.5.1. Global Strapping Machine Market, by Packaging, by Region, 2019-2032 (USD Million)
- 6.6. Others
- 6.6.1. Global Strapping Machine Market, by Others, by Region, 2019-2032 (USD Million)
7. Global Strapping Machine Market, by End-use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 7.3. Consumer goods
- 7.3.1. Global Strapping Machine Market, by Consumer goods, by Region, 2019-2032 (USD Million)
- 7.4. Food and beverage
- 7.4.1. Global Strapping Machine Market, by Food and beverage, by Region, 2019-2032 (USD Million)
- 7.5. Newspaper and publishing
- 7.5.1. Global Strapping Machine Market, by Newspaper and publishing, by Region, 2019-2032 (USD Million)
- 7.6. Postal
- 7.6.1. Global Strapping Machine Market, by Postal, by Region, 2019-2032 (USD Million)
- 7.7. Others
- 7.7.1. Global Strapping Machine Market, by Others, by Region, 2019-2032 (USD Million)
8. Global Strapping Machine Market, by Material
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 8.3. Polypropylene
- 8.3.1. Global Strapping Machine Market, by Polypropylene, by Region, 2019-2032 (USD Million)
- 8.4. Polyester
- 8.4.1. Global Strapping Machine Market, by Polyester, by Region, 2019-2032 (USD Million)
- 8.5. Steel
- 8.5.1. Global Strapping Machine Market, by Steel, by Region, 2019-2032 (USD Million)
- 8.6. Others
- 8.6.1. Global Strapping Machine Market, by Others, by Region, 2019-2032 (USD Million)
9. Global Strapping Machine Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Strapping Machine Market Assessment, By Geography, 2019-2032 (USD Million)
- 9.3. Strapping Machine Market - North America
- 9.3.1. North America: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.3.2. North America: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.3.3. North America: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.3.4. North America: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.3.5. Strapping Machine Market - U.S.
- 9.3.5.1. U.S.: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.3.5.2. U.S.: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.3.5.3. U.S.: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.3.5.4. U.S.: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.3.6. Strapping Machine Market - Canada
- 9.3.6.1. Canada: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.3.6.2. Canada: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.3.6.3. Canada: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.3.6.4. Canada: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.4. Strapping Machine Market - Europe
- 9.4.1. Europe: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.4.2. Europe: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.4.3. Europe: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.4.4. Europe: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.4.5. Strapping Machine Market - UK
- 9.4.5.1. UK: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.4.5.2. UK: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.4.5.3. UK: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.4.5.4. UK: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.4.6. Strapping Machine Market - France
- 9.4.6.1. France: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.4.6.2. France: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.4.6.3. France: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.4.6.4. France: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.4.7. Strapping Machine Market - Germany
- 9.4.7.1. Germany: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.4.7.2. Germany: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.4.7.3. Germany: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.4.7.4. Germany: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.4.8. Strapping Machine Market - Italy
- 9.4.8.1. Italy: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.4.8.2. Italy: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.4.8.3. Italy: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.4.8.4. Italy: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.4.9. Strapping Machine Market - Spain
- 9.4.9.1. Spain: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.4.9.2. Spain: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.4.9.3. Spain: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.4.9.4. Spain: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.4.10. Strapping Machine Market - Netherlands
- 9.4.10.1. Netherlands: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.4.10.2. Netherlands: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.4.10.3. Netherlands: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.4.10.4. Netherlands: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.4.11. Strapping Machine Market - Russia
- 9.4.11.1. Russia: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.4.11.2. Russia.: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.4.11.3. Russia: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.4.11.4. Russia: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.5. Strapping Machine Market - Asia Pacific
- 9.5.1. Asia Pacific: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.5.2. Asia Pacific: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.5.3. Asia Pacific: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.5.4. Asia Pacific: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.5.5. Strapping Machine Market - China
- 9.5.5.1. China: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.5.5.2. China.: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.5.5.3. China: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.5.5.4. China: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.5.6. Strapping Machine Market - India
- 9.5.6.1. India: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.5.6.2. India.: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.5.6.3. India: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.5.6.4. India: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.5.7. Strapping Machine Market - Japan
- 9.5.7.1. Japan: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.5.7.2. Japan.: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.5.7.3. Japan: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.5.7.4. Japan: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.5.8. Strapping Machine Market - Malaysia
- 9.5.8.1. Malaysia: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.5.8.2. Malaysia.: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.5.8.3. Malaysia: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.5.8.4. Malaysia: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.5.9. Strapping Machine Market - Indonesia
- 9.5.9.1. Indonesia: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.5.9.2. Indonesia.: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.5.9.3. Indonesia: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.5.9.4. Indonesia: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.5.10. Strapping Machine Market - South Korea
- 9.5.10.1. South Korea: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.5.10.2. South Korea.: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.5.10.3. South Korea: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.5.10.4. South Korea: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.6. Strapping Machine Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.6.2. Middle East & Africa: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.6.3. Middle East & Africa: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.6.4. Middle East & Africa: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.6.5. Strapping Machine Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.6.5.2. Saudi Arabia: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.6.5.3. Saudi Arabia: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.6.5.4. Saudi Arabia: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.6.6. Strapping Machine Market - South Africa
- 9.6.6.1. South Africa: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.6.6.2. South Africa: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.6.6.3. South Africa: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.6.6.4. South Africa: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.6.7. Strapping Machine Market - Israel
- 9.6.7.1. Israel: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.6.7.2. Israel: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.6.7.3. Israel: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.6.7.4. Israel: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.6.8. Strapping Machine Market - UAE
- 9.6.8.1. UAE: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.6.8.2. UAE: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.6.8.3. UAE: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.6.8.4. UAE: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.7. Strapping Machine Market - Latin America
- 9.7.1. Latin America: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.7.2. Latin America: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.7.3. Latin America: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.7.4. Latin America: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.7.5. Strapping Machine Market - Mexico
- 9.7.5.1. Mexico: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.7.5.2. Mexico: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.7.5.3. Mexico: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.7.5.4. Mexico: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.7.6. Strapping Machine Market - Brazil
- 9.7.6.1. Brazil: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.7.6.2. Brazil: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.7.6.3. Brazil: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.7.6.4. Brazil: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
- 9.7.7. Strapping Machine Market - Argentina
- 9.7.7.1. Argentina: Strapping Machine Market, by Product, 2019-2032 (USD Million)
- 9.7.7.2. Argentina: Strapping Machine Market, by Material, 2019-2032 (USD Million)
- 9.7.7.3. Argentina: Strapping Machine Market, by Application, 2019-2032 (USD Million)
- 9.7.7.4. Argentina: Strapping Machine Market, by End-use, 2019-2032 (USD Million)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Duplomatic MS Mechatronics BU
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Dynaric Inc
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. Fromm Holdings AG
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Messersi Packaging S.r.I
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. MJ Maillis S.A.
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. Mosca GmbH
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Polychem Corporation
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Samuel Strapping Systems
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Signode Packaging Systems Corporation
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. StraPack Inc
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. Strapex Group
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development
- 11.12. Transpak Equipment Corp
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Benchmarking
- 11.12.4. Recent Development