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Strapping Machine Market Size
The global strapping machine market was valued at USD 5.8 billion in 2023 and is estimated to grow at a CAGR of over 5.5% from 2024 to 2032, driven by a variety of demand factors, primarily influenced by the growing need for efficient, secure, and cost-effective packaging solutions across industries. The rapid expansion of the e-commerce sector is one of the most significant drivers of demand for strapping machines.
As online shopping continues to grow globally, especially in regions like North America, Europe, and Asia-Pacific, the need for packaging systems that can securely bundle products for transportation and delivery has increased. E-commerce businesses require strapping machines to ensure the safe delivery of products, preventing damage during transit. With the rise in online orders, especially in bulk, the demand for automation in packaging is growing, prompting businesses to invest in more efficient strapping systems.
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.