The global automatic banding machine market is forecast to reach a valuation of US$ 5.3 Bn by 2032, with demand increasing at a 4.8% CAGR over the assessment period.
Banding machines are known for being user-friendly and sturdy. An automatic banding machine uses plastic tape or paper tape to wrap items together. The items which are misaligned easily such as reams of paper, envelopes, paper money, etc. are suitable for banding. All these benefits are increasing sales of automatic banding machines.
The automatic banding machine market is segmented into semi-automatic banding machines and fully automatic banding machines but the demand for full-automatic banding machines is more as compared to semi-automatic banding machines. These machines provide a more efficient method to apply bands without damaging the product and reducing human intervention.
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Eco-friendly packaging is now a crucial environmental consideration which means the least amount of plastic, packaging material, and energy should be used. Banding helps to reduce CO2 footprint and waste because it stands for “only as much packaging as needed” and offers an aesthetic look to products.
Wholesalers and retailers are attentive to this and pass on parallel requirements to their suppliers and producers, who then look for suitable packaging solutions for their products. As the demand for eco-friendly packaging increases, sales of automatic banding machines will rise in tandem.
“Increasing demand for flexible packaging in the pharmaceutical sector, along with expansion in the ecommerce sector across emerging economies will augment the growth in the market over the forecast period,” says and FMI analyst.
Key Takeaways:
- By end use, the e-commerce segment is expected to hold 25% of the total market share by 2032.
- Based on machine type, sales of fully automatic banding machines are expected to increase 1.5 times the current value over the forecast period.
- Demand for automatic banding machines in Japan will grow at a 4.3% CAGR over the assessment period.
- Sales in the China automatic banding machines market are slated to increase at a 6.2% CAGR through 2032.
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Competition Landscape
Bandall Inc., Bandpak, Sunpack Xutian, Felins, HXCP Precision Machinery Co., Ltd., EAM-MOSCA CORPORATION, StraPack, Corp., Millenium Packaging Solutions, RMH systems, Inc., TPC Packaging Solutions, Huff Technologies Inc., Reisopack B.V., Stream Peak International Pte Ltd, ISG PACK, CARBONCHI CTI Ltd, WEXLER PACKAGING PRODUCTS INC., ATS, FEIFER, Av SAB F.P.M, PAC Strapping Products, Inc. are some of the key players operating in the global automatic banding machine market.
Global Automatic Banding Machine Market Report
Future market insights, in its new report, offers an unbiased analysis of the global market for automatic banding machine market by machine type (semi-automatic banding machine, and automatic banding machine), by speed (less than 20 bundles/min, 20-30 bundles/min, and more than 30 bundles/min), by end use (e-commerce, banking, pharmaceuticals, printing, food & beverages, consumer goods, electrical & electronics, automotive, chemicals, and others (industrial, textile, etc.)), across seven regions.
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Automatic Banding Machine Market by Category
By Machine Type:
- Semi-Automatic Banding Machine
- Fully-Automatic Banding Machine
By Capacity:
- Less than 20 bundles/min
- 20-30 bundles/min
- More than 30 bundles/min
By End Use:
- E-commerce
- Banking
- Pharmaceuticals
- Printing
- Food & Beverages
- Consumer Goods
- Electrical & Electronics
- Automotive
- Chemicals
- Others (Toy, Textile, etc.)
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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FAQ:
Q-Does this report covers the new applications of Automatic Banding Machine Market?
A-Yes the report covers the new applications of Automatic Banding Machine Market.
Q-Does this report cover the volume tables in addition to value tables?
A-Yes the report covers the market both in terms of volume and value
Q-What is the current competitive landscape in the Automatic Banding Machine Market in terms of new applications, production, and sales?
A-The market has various large, medium, and small scale players operating across the globe. Many players are constantly innovating and developing new products and expanding to developing countries where the demand is constantly growing; thereby boosting sales.
Q-Which all countries are considered in the report?
A-USA, China, Japan, Germany, UK and France are major countries considered in the report.
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