August 8, 2022 03:00 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt.Ltd
NEWARK, Delaware, August 8, 2022 (GLOBE NEWSWIRE) — The global strapping machine market is expected to reach $1 billion by 2032, with a CAGR of 3.9%, according to FMI, with 2022 to 2032
A metal strapping machine is a device that uses stainless steel bands to pack products into huge containers. These machines are widely used for packing heavy and bulky goods for transport and logistics purposes. They usually use metal strips of different widths, each with its own potential.
Over the past decade, technological advances have prompted manufacturers of packaging solutions, including strapping machines, to offer new products with state-of-the-art mechanisms. In addition, the demand for automatic strapping machines has increased due to the global acceptance of Industry 4.0.
The transportation and logistics industry will drive the growth of the market by increasing the use of automatic metal strapping equipment to pack goods in the shortest possible time.
“Strong demand for metal strapping machines to protect goods during shipping and transportation is expected to drive the growth of the market. In addition, surging demand for these machines in heavy-duty industries such as building & construction, shipping & logistics, and automobiles would aid growth,” comments a FMI analyst. In addition, surging demand for these machines in heavy-duty industries such as building & construction, shipping & logistics, and automobiles would aid growth,” comments a FMI analyst. In addition, the growing demand for these machines in heavy industries such as construction, shipping and logistics and automobiles will drive growth,” commented an FMI analyst. In addition, growing demand for these machines in heavy industries such as construction, shipping and logistics, and the automotive industry will drive growth,” commented FMI analysts.
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Many developed countries are investing heavily in research and development to provide automation solutions for industry. Some packaging machine manufacturers are also trying to gain more market share by investing in the development of new machines with full features and customization.
End users are looking for innovative machines that can multitask, save time and labor, and increase profits. These factors will drive the sales of automatic strapping machines in the coming years.
The shipping and logistics industry plays an important role in accelerating international trade. Metal strapping machines are widely used in the industry for the transport of goods with strong and durable straps.
These loads are heavy and bulky, so they should be packed with metal straps to avoid damage and other accidents. Growth in global import and export activity is expected to drive the market over the next decade.
Some of the leading companies in the strapping machine market include Signode Industrial Group LLC, Fromm Holding AG, Dongguan Xutian Packaging Machinery Co., Ltd., Cyklop International, North Shore Strapping Inc., Polychem Corporation, Transpak Equipment Corp, VENUS HARTUNG PTY. LTD, GTI Industries Inc., Bystronic Laser AG, TRUMPF GmbH + Co. KG, transfluid® Maschinenbau GmbH, WAFIOS AG, Pines Engineering & H&H Tooling, SOCO Machinery, Euromac, Schwarze Robitec GmbH, Numalliance, Inductaflex Ltd. KG, transfluid® Maschinenbau GmbH, WAFIOS AG, Pines Engineering & H&H Tooling, SOCO Machinery, Euromac, Schwarze Robitec GmbH, Numalliance, Inductaflex Ltd. and Stierli Bieger AG.
In its new report, Future Market Insights provides an unbiased analysis of the global metal strapping machine market across seven regions in terms of automation (manual, semi-automatic and automatic) and orientation (horizontal and vertical strapping machines).
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