Market Study Report adds global Strapping Machine market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

worldwide Strapping Machine Market is anticipated to reach around USD 6,991.4 million by 2026. In 2017, the semi-automatic strapping machine segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global strapping machine market.

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Asia-Pacific accounted for the highest share in the global strapping machine market during the forecast period. A significant growth in the consumer goods, and food and beverage industries has been registered over the past few years in the region, thereby supporting the growth of strapping machines in the market. Increasing need for effective packaging to avoid losses due to damages and rising disposable incomes in developing countries of this region augment the market growth in the region. Leading global players are expanding their presence in developing nations of India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

The rapid growth in the global packaging industry majorly drives the growth of this market. Growing concerns regarding product safety to avoid damage and loss during packaging and shipping supports the market growth. The increasing demand from consumer goods, food and beverage, and publishing further accelerates the adoption of strapping machines. There has been an increasing demand of strapping machines by small and medium businesses to increase packaging efficiency while reducing costs. However, high initial investment costs of strapping machines limit the growth of the market. New emerging markets, technological advancements, and increasing adoption by small and medium businesses would provide growth opportunities for strapping machine market in the coming years.

The various types of strapping machines include semiautomatic strapping machines, automatic strapping machines, and fully automatic strapping machines. The semi-automatic strapping machine segment is expected to lead the market during the forecast period owing to increasing demand from small and medium sized business. Semi-automatic strapping machines are designed for small and medium sized items and require users to manually feed strapping into the machine. Use of semi-automatic strapping machines in various industries such as food and beverage, consumer goods, publishing, and electronics among others has increased its demand over the past years.

The well-known companies profiled in the report include Mosca GmbH, Samuel Strapping Systems, MJ Maillis S.A., Transpak Equipment Corp., Signode Packaging Systems Corporation, Strapex Group, Polychem Corporation, Dynaric Inc., Messersi Packaging S.r.l., Fromm Holdings AG, Australian Warehouse Solutions, and Venus Packaging among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Report has segmented the global Strapping Machine market on the basis of Product Type, Material, Application, End-User and region:

Strapping Machine Market Size and Forecast by Product Type:

Semiautomatic Strapping Machines
Automatic Strapping Machines
Fully Automatic Strapping Machines

Strapping Machine Market Share and Forecast by Material

Polypropylene
Polyester
Steel
Others

Strapping Machine Market Growth and Forecast by Application

Bundling
Binding
Packaging
Others

Strapping Machine Market Trends and Forecast by End-User

· Consumer Goods

· Food and Beverage

· Newspaper and Publishing

· Postal

· Others

Complete Report at: https://www.marketstudyreport.com/reports/strapping-machine-market-by-product-type-semiautomatic-strapping-machines-automatic-strapping-machines-fully-automatic-strapping-machines-by-material-polypropylene-polyester-steel-others-by-application-bundling-binding-packaging-others-by-end-user-consumer-goods-food-and-beverage-newspaper-and-publishing-postal-others-by-region-market-size-forecast-2017-2026