The global strapping equipment market size is calculated at USD 1,599 million in 2024 and is predicted to reach around USD 2,009 million by 2034, expanding at a CAGR of 2.31% from 2024 to 2034.
The strapping equipment is crucial for bundling, banding, or pallet wrapping in packaging the products safely in almost all commercial sectors. The strapping equipment market focuses on building connections to expand businesses. It also focuses on establishing innovative strapping appliances with advanced features like automation, customization, and eco-friendly nature. The driving factors for the growth of the strapping equipment market include strategic networks through partnerships and digital marketing campaigns. Smart strapping machineries with real-time monitoring features are introduced into the market which showcases remarkable advancements in the manufacturing sectors. The optimization of strapping operations can be done through sensors and networking elements in these systems. Signode Industrial Group LLC, Mosca GmbH, Polychem Corporation, etc. are the leading companies in this market.
Furthermore, the advancements in these systems like data analytics which can predict risks, detect errors, and improve maintenance and performance quality boost the market’s progress. Smart strapping systems are innovative alternatives to traditional packing processes that enhance productivity, lower downtime, and optimize overall reliance through the union of IoT technology and automation. The rapidly developing e-commerce sectors and expanding manufacturing sectors fuel the need for these smart appliances in the United States. Moreover, the growing trend for online shopping surges the need for efficient packaging solutions at distribution facilities and warehouses. The developing logistics in Canada, robust industrial base in Germany, expanding construction sectors in the United Kingdom, and the adoption of robotics and automation in South Korea fuel the market’s growth globally.
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| Stats ID: | 7785 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7785 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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