Technology Research Reports Strapping Machine Market

Strapping Machine Market Analysis, Size, Growth, Share &
Forecast to 2025 | Grand View Research Inc.
“Strapping Machine Market Size Worth $6.4 Billion By 2025 | CAGR: 4.9%”
The global strapping machine market is expected to reach USD 6.4 billion by 2025, growing at a CAGR of
4.9%, according to a new report by Grand View Research, Inc. Globally increasing demand from Asia Pacific
region has been a major factor driving market growth. In addition, significant growth in various application
industries such as food & beverage, packaging, and consumer goods is further boosting the market growth.
Strapping machines are extensively used in the packaging industry for the strapping or wrapping of goods as
packages held tight & together have a longer shelf life. Growing need for safe shipping of the various products
from applications such as food & beverages, consumer appliances, household appliances, newspaper and
other merchandises goods are fueling the demand for the strapping machines over the forecast period.
Semi-automatic was the largest category in 2016 and the trend is expected to continue over the forecast
period. Semi-automatic strapping machines are extensively used owing to its reduced maintenance cost,
adjustable height, strap variety, and high tension control.
Asia Pacific is expected to continue its domination over the forecast period primarily driven by the presence of
major economies such as India, China, Japan, and others. Asia Pacific expected to experience the fastest
growth over the forecast period with an estimated CAGR of 5.6% from 2017 to 2025.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/strapping-machine-market
Follow Us: