Strapping Machine Market (Updated Version Available)
Strapping Machine Market Size, Share & Trends Analysis, By Strapping Material (Steel, Polypropylene, Polyester, and Others), By Product (Semi-Automatic Strapping Machine and Automatic Strapping Machine), By End User (Food & Beverage, Household Appliance, Pharmaceutical, Consumer Electronics, and Others), By Region, Forecast Period-2023 - 2030
Report ID : RI_673906 | Date : July 2023 |
Format : 
Key Market Overview:
The Strapping Machine Market was valued at USD 5,721.89 Million in 2022, registering a CAGR of 4.5% during the forecast period (2023-2030), and the market is projected to be worth USD 8,092.68 Million by 2030.
A Strapping Machine is a type of packaging machine that is used to securely strap or band items together using plastic or metal straps. The machine utilizes bands of plastic or flat steel tightened around a package or pallet of goods and fastened together for securing the packages. Strapping machines helps speed up the process of wrapping pallets or products in cabled plastic or similar material, which further prevents the product from splitting apart during transit. Moreover, strapping machines offer several benefits including improved packaging efficiency, enhanced safety, consistent strapping, ease of customization, and reduced labor costs among others. The aforementioned benefits of strapping machines are major aspects for increasing its deployment in food & beverage, household appliance, pharmaceutical, consumer electronics, and other industries.
Factors including the rising investments in food & beverage manufacturing facilities, growing consumer demand for packaged and processed food products, and rising need for efficient packaging solutions are among the key prospects driving the adoption of strapping machines. Additionally, the increasing application of strapping machines in consumer electronics and pharmaceutical sectors are significant factors driving the market growth.
In 2020, Signode India launched a portable pallet strapping solution for packaging goods across several industries. Therefore, the rising development of strapping machines for utilization in industrial packaging applications is further driving the growth of the market.
Strapping Machine Market Report Coverage:
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Market Dynamics:
Driver:
Growing food & beverage industry is driving the market growth
Strapping machines are primarily used in the food & beverage industry for integrating, packaging, and palletizing food and beverage products. Strapping machines are utilized for a range of applications such as preparing bundles of food and beverage products, securing closure for cartons, securing palletized materials, and preparing it for safe and efficient transportation. The benefits of strapping machines including high durability, improved productivity, faster packaging speed, and others are increasing their utilization in the food & beverage industry.
Factors including substantial investments in the food & beverage sector, increasing consumer shift towards frozen and processed food products, and rising hygiene standards in the food industry are among the primary determinants driving the growth of the food & beverage industry.
For instance, according to Food Drink Europe, the food and beverage industry in European Union was valued at USD 1,292.0 billion in 2022, witnessing a growth of 2.6% as compared to USD 1,177.8 billion in 2021. Hence, the growing food & beverage industry is further fostering the adoption of strapping machines for aforementioned applications, in turn proliferating the growth of the market.
Restraint:
High cost and operational challenges associated with strapping machines is restraining the market growth
The implementation of strapping machines is associated with high costs which is a prime factor limiting market growth. For instance, according to Industrial Packaging, the average cost of semi-automatic strapping machines ranges from USD 2,500 to over USD 7,000 per unit. The average price of automatic strapping machines starts from USD 6,500 per set while the average cost of fully automated strapping machines starts from USD 16,000 per unit.
Moreover, automatic strapping machines are quite complex, difficult to operate, and require additional resources and time for setting up and maintaining the machine, which is a significant challenge for smaller businesses. Additionally, automatic strapping machines are prone to experiencing downtime due to repairs, maintenance, or other issues. Therefore, high cost and operational challenges associated with strapping machines are restraining the market growth.
Strapping Machine Market Segmentation:
By Strapping Material
The strapping material segment is divided into steel, polypropylene, polyester, and others.
The polypropylene segment contributed to the largest revenue share in 2022. Polypropylene strapping is composed of lightweight plastic and is available in a wide range of widths, tensile strengths, and core sizes depending on the application. Additionally, polypropylene strapping is extremely versatile and ideal for utilization in household appliances, food & beverage, pharmaceutical, and other industries. This in turn is driving the adoption of polypropylene strapping material.
According to India Brand Equity Foundation, India ranked third in pharmaceutical production by volume in 2021. According to IBEF, the local pharmaceutical sector in India includes nearly 10,500 pharmaceutical manufacturing units and 3,000 drug companies. Thus, the rising pharmaceutical production is driving the adoption of polypropylene strapping to ensure reliable packaging and distribution of pharmaceutical products, in turn boosting the growth of the segment.
Additionally, the polyester segment is expected to grow with the highest CAGR during the forecast period. Polyester strapping offers a smooth texture along with high strength and rigidity. Polyester strapping is designed for rigid loads and helps in absorbing impact during transit. Moreover, polyester strapping offers several benefits including abrasion resistance, high strength and durability, shock absorbance, and high retained tension among others. The above benefits of polyester strapping are expected to increase its utilization in heavy-duty bundling applications including shipping metals, bricks, beverage pallets, and other heavy-weight packages.
Furthermore, factors including the growth of food & beverage sector and rising demand for durable and impact-resistant strapping material for heavy-duty packaging are anticipated to drive the adoption of polyester strapping material during the forecast period.
By Product
The strapping material segment is divided into semi-automatic strapping machine and automatic strapping machine.
The semi-automatic strapping machine segment contributed the largest share to the market growth in 2022 in terms of revenue. Semi-automatic strapping machines deploy automatic strap feeding and tensioning mechanisms and require operators for manually inserting the package into the machine to activate the sealing mechanism.
Further, factors including growing consumption of consumer devices, rising food & beverage production, and increasing demand for economical strapping solutions are among the prime determinants driving the growth of the semi-automatic strapping machine segment.
By End User
The end user segment is divided into food & beverage, household appliance, pharmaceutical, consumer electronics, and others.
The food & beverage segment accounted for largest share in the strapping machine market in 2022. Strapping machines are utilized in the food & beverage sector for integrating, packaging, and palletizing food and beverage products. Several advantages of strapping machines including improved productivity, high durability, faster packaging speed, ease of customization, and reduced labor costs are increasing its utilization in the food & beverage sector.
Factors including rising investments in the food & beverage manufacturing facilities, increasing demand for frozen and processed food products, and growing demand for highly secure food packaging solutions are fostering the growth of the food & beverage segment.
In March 2022, Kerry Group launched a new food manufacturing facility with initial investments of USD 137 million in Georgia, United States. Thus, the growth of the food & beverage sector is driving the application of strapping machines in food and beverage packaging, in turn driving the growth of the segment.
By Region:
The North American region is considered to contribute the largest revenue share in the year 2022. The adoption of strapping machines in North America is primarily driven by their usage in pharmaceutical, food & beverage, and other industries. Additionally, North America is a prime hub for companies related to food & beverage and pharmaceutical manufacturing among others. The rising application of strapping machines in food & beverage plants for integrating, packaging, and palletizing food and beverage products to ensure its safe transportation is among the significant factors driving the market growth in the region.
In August 2021, Tyson Foods invested around USD 300 million in the development of a food processing facility in the United States. The food processing facility is scheduled to be operational in 2023. The aforementioned factors are driving the growth of the strapping machine market in the North American region.
Further, the Asia-Pacific region is anticipated to witness the fastest CAGR during the forecast period. The growing pace of industrialization and development is promoting lucrative opportunities for market growth in the region. Additionally, factors including the growth of several industries such as consumer electronics, home appliances, pharmaceuticals, and others are expected to foster the market growth for strapping machines in the Asia-Pacific region in the upcoming period.
For instance, according to the India Brand Equity Foundation, the appliances and consumer electronics sector in India was valued at USD 9.84 billion in 2021, and it is anticipated to reach USD 21.18 billion by 2025. Hence, the growing household appliances and consumer electronics sector is driving the deployment of strapping machines for integrating and bundling corrugated cardboard protecting consumer electronics and household appliances for safe transportation. The above factors are expected to boost the market growth in the Asia-Pacific region during the forecast period.
Strapping Machine Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in research and development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the global strapping machine market. Key players in the market include-
• Mosca GmbH
• Fromm Group
• Messersi Packaging S.r.l.
• GREENBRIDGE
• Polychem Corporation
• Samuel Son & Co.
• StraPack Corp.
• Strapex
• Transpak Equipment Corp.
• Signode Industrial Group LLC
Recent Developments
• In April 2021, Mosca GmbH acquired Movitec with the aim of expanding its product portfolio. The acquisition enables Mosca GmbH to build up its expertise, specifically in food, pharmaceuticals, and other industries.
The Strapping Machine Market was valued at USD 5,721.89 Million in 2022, registering a CAGR of 4.5% during the forecast period (2023-2030), and the market is projected to be worth USD 8,092.68 Million by 2030.
A Strapping Machine is a type of packaging machine that is used to securely strap or band items together using plastic or metal straps. The machine utilizes bands of plastic or flat steel tightened around a package or pallet of goods and fastened together for securing the packages. Strapping machines helps speed up the process of wrapping pallets or products in cabled plastic or similar material, which further prevents the product from splitting apart during transit. Moreover, strapping machines offer several benefits including improved packaging efficiency, enhanced safety, consistent strapping, ease of customization, and reduced labor costs among others. The aforementioned benefits of strapping machines are major aspects for increasing its deployment in food & beverage, household appliance, pharmaceutical, consumer electronics, and other industries.
Factors including the rising investments in food & beverage manufacturing facilities, growing consumer demand for packaged and processed food products, and rising need for efficient packaging solutions are among the key prospects driving the adoption of strapping machines. Additionally, the increasing application of strapping machines in consumer electronics and pharmaceutical sectors are significant factors driving the market growth.
In 2020, Signode India launched a portable pallet strapping solution for packaging goods across several industries. Therefore, the rising development of strapping machines for utilization in industrial packaging applications is further driving the growth of the market.
Strapping Machine Market Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Million) | 8,092.68 million |
| CAGR (2023-2030) | 4.5% |
| Base Year | 2022 |
| By Strapping Material | Steel, Polypropylene, Polyester, and Others |
| By Product | Semi-Automatic Strapping Machine and Automatic Strapping Machine |
| By End User | Food & Beverage, Household Appliance, Pharmaceutical, Consumer Electronics, and Others |
| By Geography |
|
| Key Players | Mosca GmbH, Fromm Group, Messersi Packaging S.r.l., GREENBRIDGE, Polychem Corporation, Samuel Son & Co., StraPack Corp., Strapex, Transpak Equipment Corp., Signode Industrial Group LLC |
Market Dynamics:
Driver:
Growing food & beverage industry is driving the market growth
Strapping machines are primarily used in the food & beverage industry for integrating, packaging, and palletizing food and beverage products. Strapping machines are utilized for a range of applications such as preparing bundles of food and beverage products, securing closure for cartons, securing palletized materials, and preparing it for safe and efficient transportation. The benefits of strapping machines including high durability, improved productivity, faster packaging speed, and others are increasing their utilization in the food & beverage industry.
Factors including substantial investments in the food & beverage sector, increasing consumer shift towards frozen and processed food products, and rising hygiene standards in the food industry are among the primary determinants driving the growth of the food & beverage industry.
For instance, according to Food Drink Europe, the food and beverage industry in European Union was valued at USD 1,292.0 billion in 2022, witnessing a growth of 2.6% as compared to USD 1,177.8 billion in 2021. Hence, the growing food & beverage industry is further fostering the adoption of strapping machines for aforementioned applications, in turn proliferating the growth of the market.
Restraint:
High cost and operational challenges associated with strapping machines is restraining the market growth
The implementation of strapping machines is associated with high costs which is a prime factor limiting market growth. For instance, according to Industrial Packaging, the average cost of semi-automatic strapping machines ranges from USD 2,500 to over USD 7,000 per unit. The average price of automatic strapping machines starts from USD 6,500 per set while the average cost of fully automated strapping machines starts from USD 16,000 per unit.
Moreover, automatic strapping machines are quite complex, difficult to operate, and require additional resources and time for setting up and maintaining the machine, which is a significant challenge for smaller businesses. Additionally, automatic strapping machines are prone to experiencing downtime due to repairs, maintenance, or other issues. Therefore, high cost and operational challenges associated with strapping machines are restraining the market growth.
Strapping Machine Market Segmentation:
By Strapping Material
The strapping material segment is divided into steel, polypropylene, polyester, and others.
The polypropylene segment contributed to the largest revenue share in 2022. Polypropylene strapping is composed of lightweight plastic and is available in a wide range of widths, tensile strengths, and core sizes depending on the application. Additionally, polypropylene strapping is extremely versatile and ideal for utilization in household appliances, food & beverage, pharmaceutical, and other industries. This in turn is driving the adoption of polypropylene strapping material.
According to India Brand Equity Foundation, India ranked third in pharmaceutical production by volume in 2021. According to IBEF, the local pharmaceutical sector in India includes nearly 10,500 pharmaceutical manufacturing units and 3,000 drug companies. Thus, the rising pharmaceutical production is driving the adoption of polypropylene strapping to ensure reliable packaging and distribution of pharmaceutical products, in turn boosting the growth of the segment.
Additionally, the polyester segment is expected to grow with the highest CAGR during the forecast period. Polyester strapping offers a smooth texture along with high strength and rigidity. Polyester strapping is designed for rigid loads and helps in absorbing impact during transit. Moreover, polyester strapping offers several benefits including abrasion resistance, high strength and durability, shock absorbance, and high retained tension among others. The above benefits of polyester strapping are expected to increase its utilization in heavy-duty bundling applications including shipping metals, bricks, beverage pallets, and other heavy-weight packages.
Furthermore, factors including the growth of food & beverage sector and rising demand for durable and impact-resistant strapping material for heavy-duty packaging are anticipated to drive the adoption of polyester strapping material during the forecast period.
By Product
The strapping material segment is divided into semi-automatic strapping machine and automatic strapping machine.
The semi-automatic strapping machine segment contributed the largest share to the market growth in 2022 in terms of revenue. Semi-automatic strapping machines deploy automatic strap feeding and tensioning mechanisms and require operators for manually inserting the package into the machine to activate the sealing mechanism.
Further, factors including growing consumption of consumer devices, rising food & beverage production, and increasing demand for economical strapping solutions are among the prime determinants driving the growth of the semi-automatic strapping machine segment.
By End User
The end user segment is divided into food & beverage, household appliance, pharmaceutical, consumer electronics, and others.
The food & beverage segment accounted for largest share in the strapping machine market in 2022. Strapping machines are utilized in the food & beverage sector for integrating, packaging, and palletizing food and beverage products. Several advantages of strapping machines including improved productivity, high durability, faster packaging speed, ease of customization, and reduced labor costs are increasing its utilization in the food & beverage sector.
Factors including rising investments in the food & beverage manufacturing facilities, increasing demand for frozen and processed food products, and growing demand for highly secure food packaging solutions are fostering the growth of the food & beverage segment.
In March 2022, Kerry Group launched a new food manufacturing facility with initial investments of USD 137 million in Georgia, United States. Thus, the growth of the food & beverage sector is driving the application of strapping machines in food and beverage packaging, in turn driving the growth of the segment.
By Region:
The North American region is considered to contribute the largest revenue share in the year 2022. The adoption of strapping machines in North America is primarily driven by their usage in pharmaceutical, food & beverage, and other industries. Additionally, North America is a prime hub for companies related to food & beverage and pharmaceutical manufacturing among others. The rising application of strapping machines in food & beverage plants for integrating, packaging, and palletizing food and beverage products to ensure its safe transportation is among the significant factors driving the market growth in the region.
In August 2021, Tyson Foods invested around USD 300 million in the development of a food processing facility in the United States. The food processing facility is scheduled to be operational in 2023. The aforementioned factors are driving the growth of the strapping machine market in the North American region.
Further, the Asia-Pacific region is anticipated to witness the fastest CAGR during the forecast period. The growing pace of industrialization and development is promoting lucrative opportunities for market growth in the region. Additionally, factors including the growth of several industries such as consumer electronics, home appliances, pharmaceuticals, and others are expected to foster the market growth for strapping machines in the Asia-Pacific region in the upcoming period.
For instance, according to the India Brand Equity Foundation, the appliances and consumer electronics sector in India was valued at USD 9.84 billion in 2021, and it is anticipated to reach USD 21.18 billion by 2025. Hence, the growing household appliances and consumer electronics sector is driving the deployment of strapping machines for integrating and bundling corrugated cardboard protecting consumer electronics and household appliances for safe transportation. The above factors are expected to boost the market growth in the Asia-Pacific region during the forecast period.
Strapping Machine Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in research and development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the global strapping machine market. Key players in the market include-
• Mosca GmbH
• Fromm Group
• Messersi Packaging S.r.l.
• GREENBRIDGE
• Polychem Corporation
• Samuel Son & Co.
• StraPack Corp.
• Strapex
• Transpak Equipment Corp.
• Signode Industrial Group LLC
Recent Developments
• In April 2021, Mosca GmbH acquired Movitec with the aim of expanding its product portfolio. The acquisition enables Mosca GmbH to build up its expertise, specifically in food, pharmaceuticals, and other industries.
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