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Strapping Machine Market Share
In 2023, key companies like Signode, Transpak, Mosca, Fromm Packaging Systems, StraPack, M.J. Maillis Group, Samuel Strapping Systems, and Packway held a combined market share of 5%-10%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.
Resellers that consistently deliver high-quality products and reliable performance often secure a competitive advantage. Upholding stringent testing and refurbishment standards is crucial for earning customer trust. Introducing warranties or return policies can distinguish resellers in the market. By offering customer support and repair services, resellers bolster buyer confidence, rendering them more appealing. A robust online presence, characterized by user-friendly websites and active social media engagement, enables resellers to connect with a wider audience. Strategic marketing initiatives can further differentiate them from their competitors.
Strapping Machine Market Companies
Major players operating in the strapping machine industry are:
- Beumer Group
- Dynaric
- Fromm Packaging Systems
- Ishida
- M.J. Maillis Group
- Mosca
- Packway
- Polychem
- Samuel Strapping Systems
- Samuel Strapping Systems
- Signode
- Solinear
- StraPack
- Transpak
- Wexxar Bel
How big is the strapping machine market?
The global market for strapping machine was reached USD 5.8 billion in 2023 and is estimated to grow at a 5.5% CAGR from 2024 to 2032, driven by the growing need for efficient, secure, and cost-effective packaging solutions across industries.
Why is the use of semi-automatic strapping machines rising?
The semi-automatic segment accounted for around USD 2.2 billion in 2023 and is expected to grow at a 5.9% CAGR from 2024 to 2032, due to their ability to handle high-volume packaging solutions in industries such as e-commerce, logistics, and manufacturing.
What is the size of the polypropylene strapping machine market?
The polypropylene segment held around 40% share of the strapping machine market in 2023 and is anticipated to grow at a 5.5% CAGR from 2024 to 2032, as it offers a cost-effective solution for high-volume packaging needs.
What trends are influencing the U.S. strapping machine market growth?
The U.S. strapping machine market dominated with an 82% share in 2023 and is driven by the rapid growth of the e-commerce sector, which increases the demand for efficient and cost-effective packaging solutions.
Who are the major players in the strapping machine market?
Key players in the industry include Beumer Group, Dynaric, Fromm Packaging Systems, Ishida, M.J. Maillis Group, Mosca, Packway, Polychem, Samuel Strapping Systems, Signode, Solinear, StraPack, Transpak, and Wexxar Bel.