The global automatic banding machine market is on a trajectory to reach a valuation of US$ 3.5 billion in 2023, driven by the impetus of packaging design innovation. This momentum is projected to continue, with the market set to expand at a CAGR of 4.8% between 2023 and 2033, eventually reaching approximately US$ 5.6 billion by 2033.
The remarkable growth of the e-commerce sector and its widespread adoption have transformed the dynamics of product purchase and delivery. Consequently, the demand for efficient, secure, and visually appealing parcel packaging solutions has surged, with automatic banding machines emerging as a pivotal solution to address the unique packaging requisites of the e-commerce and parcel packaging industry.
Automatic banding machines play a crucial role in the swift-paced e-commerce landscape, offering speed and efficiency that align with the high volume of orders. This facilitates the rapid banding of parcels while maintaining quality, enabling swift packaging and shipment that adhere to tight delivery schedules and customer expectations.
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Furthermore, in the e-commerce realm, ensuring product security during transit is paramount. Automatic banding machines provide consistent and reliable banding that securely holds parcels together, mitigating the risk of product shifting, tumbling, or damage during transportation. This, in turn, minimizes the likelihood of returns and customer dissatisfaction, a pivotal factor in enhancing customer experience.
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.
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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