According to Future Market Insights’ research, the global horizontal strapping machine market is poised for substantial growth, with a projected valuation of US$ 788.7 Million in 2022 and an expected compound annual growth rate (CAGR) of 3.6% from 2022 to 2032. Notably, the top 3 countries are forecasted to collectively account for around 34% of the market by the end of 2022. In 2021, the horizontal strapping machine market had already reached over US$ 761.3 Million, indicating its growing significance.
The rise in demand for automation within the packaging industry is a key driver of this growth, as manufacturers increasingly embrace advanced technology to reduce manual labor and improve operational efficiency. Moreover, the horizontal strapping machine market is expected to receive a significant boost from the expanding food and beverages industry and various other end-use sectors. As the food industry prioritizes secure and efficient packaging, the horizontal strapping machine market is projected to create a growth opportunity of US$ 334.6 Million between 2022 and 2032, further underlining its potential for substantial expansion.
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Semi-automatic horizontal strapping machines & fully automatic horizontal strapping machines are preferred by manufacturers. Selecting horizontal strapping machine is very crucial as if not selected properly it can damage the product during transit which can lead to inappropriate packaging. The main application of horizontal strapping machines includes commodity, apparels, newspaper and merchandise products, food & beverage, chemical, machinery & hardware & textile industries
Market Dynamics:
The growing demand in packaging industry for various applications is appraised to be a key factor. Horizontal strapping machines are very popular due to strap guide system, safety device & top-down or bottom-up strapping patterns and are preferred over vertical strapping machine. With the rise in online shopping, the manufacturers are preferring the horizontal strapping machines where proper packaging of products or parcels is one of major concern.
Furthermore, in the developing economies such as India and China of Asia Pacific are witnessing enormous growth in the horizontal strapping machines. Factors such as increasing disposable income and changing lifestyles are driving the food & beverage industry which in turn driving the growth of horizontal strapping machines in most of the industries.
Utilization of horizontal strapping machines in various industries such as commercial & general packaging, newspaper printing and many other industry is expected to fuel the demand in the market. Rising consumer awareness towards the food safety is also driving the demand for sealed packaging which further increases the demand for horizontal strapping machines.
Key Players
Some of the global key players in the horizontal strapping machine market are as follows:
- Join Pack Machines Pvt. Ltd.
- Vinayak Packaging Industries
- Messersì Packaging S.r.l
- Dynaric Inc.
- Go Packaging LLC.
- Mosca GmbH
- Strapex Group
- Signode Packaging Systems Corporation
- Transpak Equipment Corp.
- StraPack Inc.
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Horizontal Strapping Machine Market: Key Developments
- FROMM Holding AG., a Switzerland based company has acquired PAC Strapping Products Inc. and US Strapping Company Inc. in 2018.
- StraPack Inc. has expanded its third manufacturing site in 2013 & acquired Nichiro Kogyo Co., Ltd., a leading machinery manufacturing industry.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Market Segmentation:
On the basis of material, global horizontal strapping machine can be segmented as:
- Steel
- Polypropylene
- Polyester
On the basis of product type, global horizontal strapping machine can be segmented as:
- Semi-automatic horizontal strapping machine
- Automatic horizontal strapping machine
- Fully automatic horizontal strapping machine
On the basis of end use industries, global horizontal strapping machine can be segmented as:
- Food & Beverages
- Electronics industry
- Pharmaceutical & personal care
- Chemical industry
- Others
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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