The global tape banding machine market has exhibited robust growth, with a market size reaching US$ 2.29 billion in 2022. Projections indicate continued expansion, with an estimated valuation of US$ 2.39 billion in 2023. This positive trend is set to persist, fueled by the increasing adoption of tape banding machines across diverse end-use industries such as food & beverages, logistics, healthcare, and electronics. Over the forecast period from 2023 to 2033, the tape banding machine market is expected to maintain a steady growth trajectory, boasting a Compound Annual Growth Rate (CAGR) of 4.3%. By the conclusion of 2033, the market is anticipated to achieve an impressive valuation of US$ 3.65 billion, reflecting sustained demand and market expansion.
Tape banding machines bundle and pack the products while also protecting fragile, high-end materials. To keep a strong grasp on objects without inflicting damage, the banding machine uses a wide, delicate material like paper tape, plastic film or a ribbon.
Rising adoption of tape banding machines across diverse industries including food and beverages, electronics, logistics, and packaging is a key factor pushing demand in the global market.
Moreover, increasing consumption of packaged food and in the demand for online food delivery is anticipated to accelerate growth in the tape banding machines market during the forecast period.
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The band tensioning method is more accurate and beneficial as compared to strapping. Banding allows high-quality printing, is easy to open and has a wider variety of binding materials.
Tape banding machines are available in both semi-automatic and automatic configurations. Automatic machines are majorly used for high-volume production lines and are high in performance. They are fully automated, bundle the product, seal it and cut the bands.
However, semi-automatic banding machines are low in cost as compared to automatic ones and are used to handle low volume to medium volume applications.
There are many factors contributing to the growth of the tape banding machines market such as being easy to use, economical and cost-effective. Banding is required to combine, hold, stabilize and fasten the goods tightly.
Growing need for protecting products during shipping and transportation, and utilization of these machines in various industries such as logistics and warehousing, food and beverage, healthcare and pharmaceutical, for packaging of goods are expected to fuel the market growth over the forecast years.
Key Players
- Dynaric, Inc.
- StraPack, Inc.
- HAMME MAKINE A.S.
- SUNPACK
- Transpak Equipment Corp.
- Signode Industrial Group LLC
- Fromm Holding AG
- ATS-Tanner Banding Systems AG
- FELINS
- Bandall International.
- Avi International Packaging Co.
- The Plastic Strapping Company Ltd
- Join Pack Machines Private Limited.
- Millenium Packaging Solutions
- TPC Packaging Solutions
- Cyklop Global Packaging Solutions
- Kopack Enterprises
Key Takeaways from Tape Banding Machine Market
- By operation, the automatic tape banding machines segment is expected to hold 62.6% of the market share in 2032.
- Based on end use, logistics and warehousing segment is expected to grow 1.5 times of its current size by the end of forecast period.
- By capacity, 1.6-2 seconds per strap is expected to grow at a CAGR of 5.1% during the forecasted year
- The U.S. tape banding machine market is likely to surge at 2% CAGR through 2032.
- Demand for tape banding machines in India is anticipated to rise at 4.3% CAGR, reaching a valuation of US$ 249.5 Mn by 2032.
With Advanced Technology, Banding Machines Are Acting as a Perfect Companion for Primary Packaging
When it comes to the bundling of consumer goods like fruits & vegetables, banding is the perfect primary packaging option for products as it does not generate any harmful waste. With ultrasonic technology, 100 % eco-friendly, non-toxic and adhesive-free bands are used.
Banding material is particularly gentle on edges and prevents unauthorized opening of products, replaces price labels, provides all the product-related information on the band and also creates considerably less waste than other packaging. Thus, the rising use of banding in primary packaging is expected to fuel the demand for the tape banding machines.
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Tape Banding Machine Market by Category
By Capacity:
- 1-1.5 second(s) per strap
- 1.6-2 seconds per strap
- More than 2 seconds per strap
By Operation:
- Semi-Automatic
- Automatic
By End Use:
- Logistics & Warehousing
- Food & Beverage
- Healthcare & Pharmaceutical
- Electronics and Electrical
- Agriculture & Construction
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