Global Strapping Machines Market Growth 2023-2029

Global Strapping Machines Market Growth 2023-2029

Strapping machines are various types of equipment that perform the action of bundling together products or parts by way of a strap or several straps that fasten an item to a material handling product, usually a pallet. Strapping is performed for many applications, including the reinforcement of packaging, which is the primary method of fastening products to a pallet. Strapping is also used as a method of combining many small products into one large bundle for easier material handling purposes.

LPI (LP Information)' newest research report, the “Strapping Machines Industry Forecast” looks at past sales and reviews total world Strapping Machines sales in 2022, providing a comprehensive analysis by region and market sector of projected Strapping Machines sales for 2023 through 2029. With Strapping Machines sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Strapping Machines industry.

This Insight Report provides a comprehensive analysis of the global Strapping Machines landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Strapping Machines portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Strapping Machines market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Strapping Machines and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Strapping Machines.

The global Strapping Machines market size is projected to grow from US$ 2083 million in 2022 to US$ 2947.3 million in 2029; it is expected to grow at a CAGR of 2947.3 from 2023 to 2029.

Global Strapping Machines main players are Signode, Samuel Strapping, Baosteel, Anshan Falan, etc. Global top four manufacturers hold a share about 35%. China is the largest market, with a share about 45%.

This report presents a comprehensive overview, market shares, and growth opportunities of Strapping Machines market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Fully Automatic Strapping Machines
Automatic Strapping Machines
Semi-automatic Strapping Machines

Segmentation by application
Food & Beverage
Consumer Electronics
Household Appliances
Newspaper & Graphics
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Signode
MJ Maillis
Cyklop
Fromm
StraPack
Mosca
Samuel Strapping Systems
Transpak
Polychem
Yongsun
Xutian Packing Machine

Key Questions Addressed in this Report

What is the 10-year outlook for the global Strapping Machines market?

What factors are driving Strapping Machines market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Strapping Machines market opportunities vary by end market size?

How does Strapping Machines break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.