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2020-03-12
690
Global
The strapping machine market has a crucial place in the Packaging industry. Growth and technological advancement in the packaging industry is expected to drive the growth of the global strapping machine market. As per the company’s size and operations, the type of strapping machine is demanded in terms of automation. The automatic strapping machine is capable of 30-70 straps per minute along with the faster-conveying system as compared to semi-automatic and arch strapping machines. Whereas, companies with small-scale packaging functions, demand for manual and semi-autonomous strapping machines. Food and beverages industry and consumer goods industry are the major end-user segment with the highest demand for strapping machines to achieve time and cost efficiency and packaging protection. Moreover, other factors such as installation of strapping machine in the production line at the endpoint and changing business operations to reduce manpower are boosting the demand for automatic strapping machines.
By Technology
Semi-automatic strapping machine segment acquired the largest market share of 39.3% in 2017 in terms of units demanded on the back of its cost-effectiveness, easy installation and providing automation to the operations.
By Material
By End-User
By Geography
Based on geography, Asia Pacific region accounted for the largest market share of 37.4% in 2017 due to the presence of mammoth packaging industry in the region which augments the demand for strapping machine.
Our Global strapping machine market report comprises of the following companies as the key players:
The report covers the present ground scenario and the future growth prospects of the strapping machine market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global region.
Global Strapping Machine Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the Global strapping machine market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Strapping Machine Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Key questions answered in this Global Strapping Machine Market Report
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