As per FMI, the global strapping devices market size is anticipated to grow from US$ 4.5 Billion in 2022 to US$ 7.0 Billion by 2032, accelerating at a CAGR of 4.7% CAGR throughout the forecast period (2022-2032).
Rapid Expansion of end-use industries like food and beverages, personal care, electrical and electronics, healthcare, etc. along with growing demand for advanced packaging solutions is a key factor driving the global strapping devices market.
An electrically powered strapping device employs strapping to reliably establish a strong seal that is guaranteed to hold on packages and other items. Strapping devices are used for strapping the higher volume applications.
Manufacturers are investing in these devices to increase cost and product efficiency while putting a higher priority on package safety, which will fuel the market for strapping machines.
Similarly, growing popularity of automatic strapping machines to minimize human interference as well as to reduce labor costs will further boost strapping device sales in the market during the forecast period. Automatic strapping devices provide hands-free strapping with just one button press. It automatically straps the packages with better consistency.
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Another new development in the strapping machine is the integration of strapping devices with the current packaging line to simplify the end-of-line packaging procedure. Increased demand for strapping machines from food and beverage industry is expected to play a key role in expanding the strapping devices market during the forecast period.
However, the capital-intensive nature of the strapping machine sector and the high startup costs for production prevent many companies from entering it.
Key Takeaways from Strapping Devices Market
- By operation, the automatic strapping devices segment is anticipated to generate an incremental opportunity of US$ 816.0 Mn during the forecast period of 2022-2032.
- Based on device type, vertical strapping devices are expected to gain the highest demand as they are cost-effective and help better in shipping products.
- By end-use, the food & beverage segment is anticipated to hold approximately 36% of the value share in the global strapping devices market through 2032.
- The strapping devices market in Germany is projected to create an absolute incremental opportunity of US$ 142.0 Mn by 2032.
- Indian strapping devices market is projected to grow 1.8X the current market value during the forecast period.
- Japan’s strapping devices market is anticipated to expand at a CAGR of 6.8% during the forecast period.
“Heavy demand from the end-use industries is anticipated to increase the sales for the strapping devices. In addition, the need for cost-efficient and consistent strapping will accelerate the growth of the strapping devices market in the next decade.”–says FMI analyst
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Rising Need for Safe Shipping of Various Products is Escalating the Growth of the Strapping Devices Market
One of the most challenging tasks in manufacturing industries is to ship the products safely and securely to the customers. There are high chances that the products might get damaged while transported from one place to another.
Strapping has become essential in packaging and shipping as it ensures the safety of the packages. The strapping devices are useful as they control the high tension of the packages. If strapping is not applied properly, it could damage or harm the products in transit. Thus, strapping devices ensure that the products are strapped properly and securely.
These machines help in applying the straps with proper control and consistency. Hence, the products can be shipped safely if they are strapped by the strapping devices. Thus, rising need for safe shipping of various products from end-use industries is escalating the growth of the strapping devices market.
Who is Winning?
The key players operating in the strapping devices market are Mosca Direct Ltd, Samuel, Son & Co., Signode Industrial Group LLC, StraPack, Corp., Messersì Packaging S.r.l., Transpak Equipment Corp., and North Shore Strapping Inc. Besides these, some other noticeable players in the market are Dynaric, Inc., Strapex, Fromm Holding AG, Avi International Packaging Co., Kopack Enterprises, Transpak Equipment Corp., Alligator Automations, ASN Packaging Pvt Ltd., Packmaster Machinery Private Limited., FEIFER, Saizar S.L., and others.
These leading strapping device manufacturers are continuously adopting strategies such as new product launches, partnerships, mergers, acquisitions, and strengthening of distribution channels to gain a competitive edge in the global market.
Strapping Devices Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the strapping devices market, analysing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the strapping devices market based on the operation (manual, semi-automatic and automatic), device type (horizontal strapping and vertical strapping), and end-use (food & beverage, e-commerce, healthcare, homecare, electrical & electronics, personal care & cosmetics, shipping & logistics and printing & publication) across seven regions
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The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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Strapping Devices Market by Category
By Operation:
- Manual
- Semi-Automatic
- Automatic
By Device Type:
- Horizontal Strapping
- Vertical Strapping
By End Use:
- Food & Beverage
- E-commerce
- Healthcare
- Homecare
- Electrical & Electronics
- Personal Care & Cosmetics
- Shipping & Logistics
- Printing & Publication
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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