LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global strapping machine market since 2018 and the market is poised to grow by USD 1.49 billion during 2019-2023, progressing at a CAGR of almost 6% during the forecast period. Request free sample pages
Read the 111-page report with TOC on “Strapping Machine Market Analysis Report by Product (Automatic and Semi-automatic), Geography (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2019-2023”.
The market is driven by the growth of the global industrial packaging market. In addition, specific requirement of end-users for strapping machines is expected to boost the growth of the strapping machine market.
End-users across F&B, pharmaceutical, and chemical industries are increasing the demand for industrial packaging products such as crates and totes and intermediate bulk containers. This has increased the adoption of automatic and semi-automatic strapping machines to dispense the required quantity of strap to combine packages. The growth of the global industrial packaging market is expected to positively influence the global strapping machine market during the forecast period.
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Major Five Strapping Machine Companies:
Crown Holdings Inc
Crown Holdings Inc owns and operates the business across various segments such as Americas beverage, European beverage, European food, Asia-Pacific, and Transit packaging. Table tyer and side seal strapping machines are the key offerings of the company.
Dynaric Inc owns and operates the business across segments such as Strapping-banding machines and Plastic strapping-banding. The company offers a wide range of strapping machines for various end-users such as food, newspaper, and others. The automatic stainless steel strapping machine is one of the key offerings of the company.
Messersì Packaging S.r.l.
Messersì Packaging S.r.l. owns and operates the business across various segments such as Strapping bands, Strapping machines, Shrink wrapping machines, Packaging lines, Hooding machines, and Wrapping machines. The company offers a wide range of vertical strapping machines.
Mosca GmbH owns and operates the business across various segments such as Machines, Second-hand machines, Strapping, and Individual solutions. The company offers a wide range of automated strapping machines for various end-user industries.
StraPack Inc. owns and operates the business across various segments such as Strapping machines, Banding machines, Hand tools, Plastic strapping materials, and Other packaging equipment. The company offers a wide range of desktop and narrow table strapping machines.
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Strapping Machine Product Outlook (Revenue, USD Billion, 2019 - 2023)
Strapping Machine Regional Outlook (Revenue, USD Billion, 2019 - 2023)
- North America
- South America
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