MARKET OVERVIEW
A strapping machine is an automated system used for securing packages and products during transportation and storage. These machines use plastic or metal straps to secure packages, providing added strength and stability to the load. They are used in various industries, including packaging, logistics, manufacturing, and more. Strapping machines offer several advantages over manual strapping, including increased speed and efficiency, improved accuracy, and reduced physical strain on workers. They are easy to operate, require minimal maintenance, and can be customized to meet particular application needs. The end users of strapping machines include shipping and logistics companies, e-commerce retailers, manufacturing and production facilities, and other businesses that handle large volumes of packages and products. The future of the strapping machine market looks promising, with the increasing demand for automation and improved productivity in various industries.
MARKET DYNAMICS
Increasing demand for effective packaging solutions across industries is driving the growth of the strapping machine market. However, the high investment costs may restrain the growth of the strapping machine market. Furthermore, the increasing requirement for industrial automation, along with the launch of customizable strapping machines are anticipated to create a market opportunity for the strapping machine market during the forecast period.
MARKET SCOPE
The "Global Strapping Machine Market Analysis To 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The strapping machine market report aims to provide an overview of the strapping machine market with detailed market segmentation by type, material, application, and geography. The global strapping machine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading strapping machine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global strapping machine market is segmented on the basis of type, material, and application. Based on type, the strapping machine market is segmented into hand-tool, semi-automatic, and automatic. On the basis of material, the strapping machine market is segmented into steel, polypropylene, and polyester. Based on application, the strapping machine market is segmented into food and beverages, consumer electronics, household appliances, pharmaceutical, newspaper, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global strapping machine market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The strapping machine market by each region is later sub-segmented by respective countries and segments. The strapping machine market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the strapping machine market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the strapping machine market in these regions.
IMPACT OF COVID-19 ON STRAPPING MACHINE MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has a negative impact on the strapping machine market in 2020. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human's movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The lockdown imposition has resulted in lesser production of commodities, goods, and services. However, in 2021, with the uplifting of lockdown and vaccination processes, the manufacturing & construction companies have started working again. So, the demand for strapping machine has started rising.
MARKET PLAYERS
The reports cover key developments in the strapping machine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from strapping machine market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the strapping machine market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the strapping machine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Australian Warehouse Solutions
- Cyklop International
- Milan Ligocki UNIPACK
- Panorama Packaging Pvt. Ltd.
- Plastofine Industries
- Signor Strapping Solutions
- Strapex Group
- The 3M Company
- Titan Umreifungstechnik GmbH and Co. KG
- Venus Packaging