According to Future Market Insights research, during the projected period, the global horizontal strapping machine market is set to enjoy a valuation of US$ 788.7 Million in 2022, and further expand at a CAGR of 3.6% from 2022 to 2032. The sales of horizontal strapping machines are estimated to propel with the top 3 countries projected to hold approximately 34% of the market by the end of 2022.
| Attributes | Details |
|---|---|
| Market Size 2022 | US$ 788.7 Million |
| Market Size 2032 | US$ 1,123.3 Million |
| Value CAGR (2022 to 2032) | 3.6% |
| Collective Value Share: Top 3 Countries (2022E) | 34% |
According to the FMI analysis, the horizontal strapping machine market reached over US$ 761.3 Million in 2021. The global horizontal strapping machine market is anticipated to register a CAGR of 3.6% from 2022 to 2032. The demand for automation in the packaging industry is increasing as manufacturers are focusing on less manual labor work to adapt to the advanced technology automatic operation segment by the technology.
The horizontal strapping machine market is projected to boost with the increasing demand for the food and beverages industry and various end-use industries. The demand for the food industry is at a high peak and focuses on providing secure packaging through advanced machines and technology. A new forecast by FMI analysis estimates that horizontal strapping machine sales will expand from 2022 to 2032 and is anticipated to create a growth opportunity of US$ 334.6 Million.
USA and Germany are leading countries for the horizontal strapping machine as the machine's production is projected to create a growth opportunity for the horizontal strapping machine market during the forecast period
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The global horizontal strapping machine market witnessed a CAGR of 3.1% during the historic period with a market value of US$ 662.1 Million in 2015.
The rapid growth of the food and beverages industries is witnessed to grow the market value from the historic period to the forecast period. Industries are turning towards new technologies such as horizontal strapping machines gives secure packaging for various product within less time. It consumes less time during packaging and is easy to transport.
Accordingly, due to effective packaging, there is less chance of damage. Not only same boxes are packaged through the horizontal strapping machine but also bulk containers are sealed through the horizontal strapping machine. The time reduction, as well as manual packaging work, is sorted by using the horizontal strapping machine.
The efficiency of packaging is increased by the proper machines used. As the machine has the operating speed and sensor set on the path that identifies the size and load of the product there are various materials used for strapping the product such as PP or PET. There are two types of machines automatic and semiautomatic both have unique properties according to the demand for packaging products. The various end users are finding solutions for protective packaging through horizontal packaging machines. As it requires less time and safe transportation without any breakage. The global horizontal strapping machine market revenue is estimated to grow US$ 334.6 Million from 2022 to 2032
The food and beverage industries are growing and creating their market growth as packaging is an important thing in the food industry to maintain its quality and preserved the material that is packaged. It also prevents the food from contamination and environmental factors during transportation. The packaging machine plays an important role such as the horizontal strapping machine which prevents the food and beverages from breakage and improves the presentation as the product remains the same as it was packaged during transportation.
As food and beverage industries require effective packaging as some food products need secure packaging as the transportation is across various countries and some beverage bottles are of different materials such as metal, plastic, and glass. The glass bottles should be packaged carefully as there are more chances of breakage during shipping and to avoid losing the food and beverages industries are focusing on advanced technology machine packaging. This creates a growth opportunity for the horizontal strapping machine market.
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The automatic horizontal strapping machine operation segment is majorly preferred by the horizontal strapping machine manufacturers as automation is becoming an important part of everyday life and the industries are focusing to reduce time loss increase the consumption of the product as the food and beverages industries are on demand and focusing to fulfil and satisfy the needs of end to end users. The automatic horizontal strapping machine has an advanced version with a sensor that detects the loads and size of the product and the height of the boxes is also analyzed and packaged through advanced technology. Automation is needed for industries the production of automatic horizontal strapping machines is majorly preferred and is estimated to hold approximately 62% of the global horizontal strapping machine market by the end of 2032.
E-commerce offers incremental growth for the horizontal strapping machine as e-commerce is the platform that is used to ship products directly to consumers. Many companies are coming forward with innovative packaging solutions that represent their brand company logo due to online shopping. After covid consumers prefer mostly online shopping as it avoids public contact and it provides the required information on the online application the main purpose of e-commerce is the protection of the product so eventually it comes to the packaging of the product to protect the product and packaged the product within less time effectively horizontal strapping machine is used. The automatic horizontal strapping machine has advanced features that can package the product within less time and corner packaging prevents the product from shipping. Thus the horizontal strapping machine market is estimated to grow as e-commerce is growing and the target segment is projected to grow 1.3 times the current market value from 2022 to 2032.
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In the United Kingdom, the major portion of industries holding profit is food and beverage as the food and beverages industries require packaging with different technologies such as horizontal strapping machines to deduct the time and enhance the quality of food and cold drinks. The food service and food retailing industries have come back.
The USA is projected to create a growth opportunity of US$ 62 Million during the forecast period.
USA retail e-commerce sales for $257.3 Billion an increase of 2.7% from the first quarter half of 2022. As the e-commerce retail sale is rising this is creating incremental opportunities for packaging and automatically it impacts the machine technology that is used for packaging.
According to the data provided by the USA Department of Commerce have increased retail e-commerce sales. Thus, the above-mentioned factor in the USA is projected to create a growth opportunity for the horizontal strapping machine in the USA.
The key players operating in the horizontal strapping machine market are trying to focus on increasing their sales and revenues by expanding their capabilities to meet the growing demand. The key players are trying to adopt a merger & acquisition strategy to expand their resources and are developing new products to meet customer needs. Also, the players are focusing on upgrading their facilities to cater to the demand. Some of the recent key developments by the leading players are as follows -
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.6% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | By Operation, By Operating Speed, By End Use, By Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | OMS Group; Transpak; POLYCHEM; Varipac; Messersì Packaging S.r.l; Strapex Group; Reisopack; REV Packaging; PLASTICBAND; Join Pack Machines Pvt. Ltd.; StraPack Inc.; Qingdao Ausense; Satol; ALLIGATOR Automation; Prakarn Packaging Industry Co., Ltd. |
| Customization & Pricing | Available upon Request |
In 2021, the value of the global horizontal strapping machine market reached over US$ 761.3 Million.
During the forecast period, the global horizontal strapping machine market is estimated to expand at a CAGR of 3.6% from 2022 to 2032
The global horizontal strapping machine market is projected to reach US$ 1,123.3 Million by the end of 2032.
The increasing demand for food and beverage industries is driving the demand for horizontal strapping machines.
The key players operating in the horizontal strapping machine market are OMS Group, Transpak, POLYCHEM, Varipac, Messersì Packaging S.r.l, Strapex Group, and others.
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