Strapping Equipment Market: Efficient and Reliable Solutions for Secure Bundling and Packaging by 2032

In 2021, the market for strapping equipment was valued at US$ 1.6 billion, growing by 4% year over year. Sales of strapping equipment are anticipated to grow at a 4.6% CAGR, reaching US$ 2.7 billion by 2032.

Strapping equipment is increasingly being adopted in sectors such as food & beverages, shipping & logistics, building and construction, and automobile to pack heavy and bulky boxes. Usually, materials such as polyester, steel or plastic are used in strapping equipment to pack the product. Polyester is used as the strongest and most rigid material for packaging.

The E-commerce sector is estimated to boost the market for the strapping equipment as it is used most frequently in it. Most industries are focussing on increasing productivity by reducing packaging time and ensuring 360-degree protection of bulk loads.

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Competition Landscape

Signode Industrial Group LLC, Cyklop International, Dongguan Xutian Packing Machine Co. Ltd., Dynaric Inc., Fromm Holding AG, Hefei Seelong Import and Export Group Co. Ltd, Messersi Packaging Srl, Mosca GmbH, North Shore Strapping Inc., Packmaster Machinery Pvt Ltd, Polychem Corporation, Samuel, Son & Co., StraPack, Corp., Tiger Pack, Inc., TITAN Umreifungstechnik GmbH and Co. KG, Transpak Equipment Corp, VENUS HARTUNG PTY LTD, GTI Industries Inc, FELINS, ASN Packaging Pvt Ltd.

Strapping equipment help to increase strength of heavy and bulk packages during loading and unloading thus consumes less processing time. On the back of this, end user's inclination towards automatic strapping equipment has increased in recent years.

"Growing adoption of automatic strapping equipment across the food & beverage sector, along with increasing sales of consumer electronics across the globe," says an FMI analyst.

Key Takeaways:

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Factors Driving the Growth of the Strapping Equipment Market

In an era where global trade and e-commerce have flourished, ensuring the safety of packaged goods has become paramount. The Strapping Equipment Market addresses this need by providing robust strapping solutions that protect products from damage, tampering, and theft during transit.

With environmental concerns taking center stage, industries are actively seeking sustainable packaging alternatives. Strapping equipment manufacturers have responded by introducing eco-friendly materials and energy-efficient machinery, contributing to the market's expansion.

The booming e-commerce industry has fueled the demand for efficient packaging solutions to accommodate the rising volume of shipped goods. Strapping equipment plays a vital role in streamlining packaging operations, enhancing productivity, and minimizing transit-related risks.

Advancements in strapping equipment technology, such as the integration of IoT (Internet of Things) and automation, have revolutionized the packaging landscape. Automated strapping machines offer higher precision, speed, and reliability, thereby driving the growth of the Strapping Equipment Market.

Strapping Equipment Market by Category

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