Technology Research Reports Strapping Machine Market | Page 2

Further key findings from the report suggest:
• Globally, polypropylene (PP) as a strapping material is projected to experience significant growth
in terms of revenue growing at a rate of 5.5% between 2017 and 2025. The growth can be
attributed to rising demand from the packaging industry and growing need for increasing shelf life
of goods.
• Asia Pacific accounted for the largest market in 2016 with an estimated revenue of USD 1.4
billion and the growth is expected to be fueled significantly owing to the presence of major
economies such as India, China, and Japan. China held the largest market share in 2016 and is
expected to witness higher growth rate for strapping machines due to increasing purchasing
power parity and growing packaging industry.
• Key players in the market includes Dynaric Inc., Samuel Strapping Systems, Signode Packaging
Systems Corporation, Fromm Holdings AG, Messersì Packaging S.r.l., Mosca GmbH, Polychem
Corporation, MJ Maillis S.A., StraPack Inc., Strapex Group, Transpak Equipment Corp., and
others. The major players in the market are working together to form joint venture, partnerships,
collaborations which would enable them to maintain the market share over the forecast period.
Grand View Research has segmented the global strapping machine market based on product, material,
application and region:
Strapping Machine Product Outlook (Revenue, USD Million; 2014 - 2025)
• Semi-automatic
• Automatic
• Fully automatic
Strapping Machine Material Outlook (Revenue, USD Million; 2014 - 2025)
• Steel
• Polypropylene
• Polyester
Strapping Machine Application Outlook (Revenue, USD Million; 2014 - 2025)
• Food & beverage
• Consumer electronics
• Household appliances
• Newspaper & graphics
• Others
Strapping Machine Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
o
•
U.S.
Europe
o
Follow Us:
UK