Strapping Equipment Market Size, Share, Trend Report | 2031

Report Description

The global strapping equipment market size was valued at around USD 5.41 Billion in 2022 and is projected to reach USD 8.53 Billion by 2031, expanding at a CAGR of around 5.19% during the forecast period, 2023-2031. The growth of the strapping equipment market is attributed to the increasing usage of strapping equipment for loading and unloading bulky products in various industries.

Strapping equipment is referred to as packaging equipment or machine, which tightens flat bands of steel, plastic, or others around a package or a pallet stacked with packages to securely fasten them together. These straps are used to fasten a single package or bundle of packages together.

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Strapping equipment, also known as a banding machine, is used to keep the packages in pristine condition in shipping and handling and to ensure that these packages reach their final destination safely.

This equipment is used to attach packages or goods to skids and pallets, reinforce boxes and crates, and close shipping containers. It is used to secure a load and stabilize it on a flatbed or pallet. The strapping equipment is used to keep the goods together. There are various types of materials in strapping equipment straps.

Straps for the strapping equipment can be made of plastic, zinc, steel, stainless steel, high tensile steel, polyester, and others according to the packaging needs. For example, paper straps or polyester straps are used to secure lighter and smaller packages and steel straps are used to fasten large and heavy goods. There are three types of strapping equipment available.

These are automatic strapping equipment, semi-automatic strapping equipment, and manual strapping equipment. An automatic strapping machine is simple to use with quick results than semi-automatic and manual strapping machines. They do not require any human intervention in the strapping process, which makes them cost-effective and time-effective. Semi-automatic strapping equipment requires a little human intervention.

This makes the strapping process on the semi-automatic strapping equipment a little longer than the fully automatic strapping equipment. Manually handled strapping equipment takes a long time to process than the semi-automatic and fully automatic strapping machines. However, with manual strapping machines risks of accidents and errors increase.

Automatic strapping equipment, semi-automatic equipment, and manual strapping equipment are different from each other in forms, components, and the steps that they followed for the strapping process. However, they all share certain standard features and functions. Strapping equipment has a strap dispenser that, as the name suggests, has a coil of straps placed to be supplied to the sealing head on the equipment.

Strapping machines have a sealing head through which a strap is fed to tie the packages. A tension level for the strap is selected, strap ends are sealed, and straps are cut in this component. A strap track is used to guide straps around the package. Automatic strapping equipment includes an electric conveyor belt that moves the packages in and out of the equipment.

Some of the automatic strapping machines include web-based data transfer capabilities, which are used to control and manage the strapping process and provide information regarding the process to ensure the smooth running of the equipment. Once straps are fastened around packages, strap ends need to be sealed together to make the packages secure.

There are three types of seals used in a strapping machine: hot blade heat seal, ultrasonic seal, and friction welding. In the hot blade heat seal type, a hot tongue is placed between two ends of a strap that is looped around a package. Hot tongue melts the strap ends, which are then pressed together to seal. This is a very common method to seal straps together.

This method is usually used for the strapping process on a small scale. In ultrasonic sealing, a vibration with high frequency and low amplitude is applied to the strap ends. The vibration melts the strap material forming a strong seal. This type of seal eliminates the risks of smoke, which is inherent to the hot blade heat seal technique. The friction welding technique of sealing straps is widely used.

In this method, the two ends of straps are rubbed together to melt and fused. However, this type of seal can wear over time more easily than the other types. Strapping machines are used for various applications such as closing, load security, binding, bundling, packaging, handling aid, and others in the food & beverage industry, packaging industry, automotive industry, and others.

Strapping machines are used to prepare products, packages, and goods Strapping machines are used to strap products together to get them ready for transportation. Strapping products together securely makes them easy to handle and transport.

Strapping provides extra strength to the packed products. This ensures that the goods remain intact in the transport and do not get damaged and contaminated. Strapping equipment is used to extend the durability of the products.

COVID-19 Impact on Strapping Equipment Market

The COVID-19 pandemic had a negative impact on the strapping equipment market. Governments across the globe took stringent decisions to practice social distancing, lockdown, travel restrictions, and other regulations. The widespread lockdown and other restrictions resulted in the closure of several companies, businesses, and factories.

This halted the production of goods, commodities, and services and disrupted the supply chain affecting the strapping equipment market negatively. However, with the uplifting of lockdown and other restrictions, companies, businesses, and factories are started working again. This is expected to increase the demand for strapping equipment in the coming years.

Strapping Equipment Market Dynamics

The research report presents a complete overview by providing detailed information about the current strapping equipment market overview, industry trends, existing drivers, growth opportunities and potentials, and emerging challenges.

The global strapping equipment market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2023 to 2031.

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Major Trends

Several companies and manufacturers are increasingly preferring to integrate strapping equipment into their already existing packaging line to streamline the packaging process. These strapping equipment are attached at the end of the packaging line as the last step of the packaging process.

This allows manufacturers to simplify the whole packaging process. Integrating strapping equipment into the packaging process is less time-consuming, which makes it a popular trend in the global strapping equipment market.

Key Drivers

Increasing demand for automatic strapping equipment boosts the strapping equipment market

The demand for automatic strapping equipment is continuously increasing in the coming years in comparison with manual strapping equipment. The automatic strapping equipment aids in reducing human intervention in the strapping process to avoid any accidents or errors.

The automatic strapping machines are time and cost-efficient as well. These factors are projected to boost the demand for automatic strapping equipment and fuel the global strapping equipment market growth in the coming years.

Rising awareness regarding proper product packaging fuels the strapping equipment market growth

Products or goods that are not properly secured, bundled, closed, packaged, or bound usually get damaged in loading, unloading, and handling. Products properly secured with strapping equipment are not damaged easily and reach customers in pristine conditions.

Strapping equipment provides stability and safety to the packaged goods to ensure smooth handling, storage, and shipping. This factor increases the demand for strapping equipment globally, spurring the strapping equipment market growth.

Growing demand for strapping equipment for various applications spurs the strapping equipment market growth

Various industries such as food & beverage, metal, consumer electronics, construction, automotive, packaging, and others are expected to register significant growth in the coming years.

These industries use strapping equipment for various applications such as closing, load security, binding, bundling, packaging, handling aid, and others. The demand for strapping equipment is steadily growing in these industries, which is projected to boost market growth in the coming years.

Existing Challenges

High initial capital investment for the strapping equipment is expected to restrain the market growth in the coming years. An increasing number of consumers prefer to use innovative and technologically advanced strapping equipment for small and medium businesses; however, these equipment have high costs, as the strapping equipment market is capital intensive. High costs and high capital investment are the two factors that hinder the global strapping equipment market growth.

Emerging Opportunities

Several manufacturers are investing in research and development activities, as more and more consumers prefer innovative packaging solutions across the globe. Technologically advanced strapping equipment work fast and save valuable time for consumers. Consumers are increasingly preferring innovative and technologically advanced strapping equipment over the conventional ones that facilitate them to perform multiple tasks at the same time.

This allows consumers to increase their profitability without buying multiple equipment. The changing preferences among consumers offer growth opportunities to the strapping equipment market players across the globe.

Scope of Strapping Equipment Market Report

The report on the global strapping equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Strapping Equipment Market Segment Insights

On the basis of types, the global strapping equipment market is divided into automatic, semi-automatic, and manual. The automatic segment is expected to register around 5% of CAGR during the forecast period, as automatic strapping equipment works faster than semi-automatic and manual strapping equipment. Automatic equipment facilitates companies in avoiding manual labor, which is cost-effective. These are the key factors spurring the automatic segment growth.

The semi-automatic segment is anticipated to expand in the coming years, as semi-automatic strapping equipment is designed to secure small-sized or medium-sized products. In the semi-automatic strapping equipment, products or items need to be fed into the strapping equipment manually. Semi-automatic strapping equipment is used for various applications in industries such as publishing, consumer electronics, food & beverage, and others, which aids in the expansion of the semi-automatic segment.

In terms of materials, the global strapping equipment market is segmented into plastic, zinc, steel, stainless steel, high tensile steel, polyester, and others. The polymer segment is estimated to register significant growth during the forecast period, as polymer strapping material is used for various applications for several products.

Polymer is used for wrapping, strapping, and sealing several household products such as kitchen equipment, household electrical appliances, and other household devices. Polymer is increasingly used in the packaging of light to medium weight household devices and appliances in pallet packaging. A polymer is an inexpensive option in strapping equipment materials than others. It is easy to print on this material before or after the packaging. These are the key factors, which aid in the expansion of the polymer segment.

The steel segment is anticipated to register significant growth in the coming years, as several companies in the packaging industry prefer to use steel in strapping equipment for its excellent load-bearing capacity. Steel is considered the strongest strapping material in comparison with the others. The material is often used for palletizing and bundling heavy-weight goods. These factors are expected to boost the steep segment growth during the forecast period.

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Based on products, the global strapping equipment market is bifurcated into vertical strapping machine and horizontal strapping machine. The vertical strapping machine segment is projected to hold a high market share during the forecast period, as vertical strapping machines are the most commonly used strapping equipment than horizontal strapping machines.

Vertical strapping machines save spaces in packing lines. These machines provide stability as well as safety for the strapping process. These types of machines are used in automatic packing lines. These are the key factor contributing to the vertical strapping machine segment growth. Strapping equipment is used to maintain the quality of products during transportation. These are the key factors fueling the food & beverage segment growth.

In terms of applications, the global strapping equipment market is segregated into closing, load security, binding, bundling, packaging, handling aid, and others. The load security segment is projected to drive the market during the forecast period, due to the increasing usage of strapping equipment to secure heavy and bulky packages during loading and unloading.

Strapping machines are used to ensure the load is tightly packed and secured and will not come loose or unfastened in handling. Securing the load with strapping equipment aid companies and manufacturers to avoid any damage to the load. These are the key factors facilitating the load security segment growth.

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On the basis of end-users, the global strapping equipment market is divided into food & beverage, construction, consumer goods, automotive, electrical & electronics, shipping & logistics, and others. The food & beverage segment is estimated to account for a large market share during the forecast period, due to the increasing wrapping and packaging activities in the growing food & beverage industry.

The rising demand for high-quality packaged food has contributed to the increasing demand for strapping equipment in the food & beverage industry. The shipping & logistic segment is anticipated to expand at around 6% CAGR in the coming years, owing to the increasing population, rising disposable income among consumers, penetration of the internet and smart devices, and growing online retail channels.

These key factors boost the acquiring, storing, and transporting the goods activities, which require strapping equipment to ensure product safety. Increasing shipping & logistic activities spur the segment growth. The consumer goods segment is expected to boost the market during the forecast period, owing to the increasing population, rising disposable income, and wide availability of various products across the globe.

Continuously changing trends contribute to increasing demand for various consumer goods. Companies and manufacturers offer innovative and technologically advanced products to attract and enlarge their customer base. These are the key factors that drive the consumer goods segment growth.

Based on regions, the global strapping equipment market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The strapping equipment market in Asia Pacific, owing to increasing income level, growing disposable income, rising middle-class population, and improving lifestyles in the region.

These factors contribute to the expansion of several industries such as food & beverages, construction, automotive, and others in countries such as India, China, Japan, and South Korea. China is one of the largest exporters of consumer electronics. The demand for strapping equipment is expected to increase in the country, as the machines are required for the safe shipment of consumer products. Developing countries in Asia Pacific witness rapid growth in the packaging industry. These factors aid in the expansion of the strapping equipment market in Asia Pacific.

The market in North America is anticipated to expand at a significant rate in the coming years, as favorable government policies are boosting the development of the food & beverages industry and packaging industry in the region. Increasing demand for consumer goods or products and processed and packaged food in the region drives fuel the demand for strapping equipment in North America.

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