NEWARK, DE / ACCESSWIRE / August 31, 2022 / As per Future Market Insights, the strapping and banding equipment market is expected to reach US$ 2.3 Bn in 2022 and surpass a valuation of US$ 3.7 Bn by 2032. Sales in the market are projected to expand at 4.8% CAGR between 2022 and 2032 on the back of rising demand for automated packaging equipment for diverse industries.
Strapping and banding equipment are used for shipping and transportation of bulky and heavy goods as it ensures the safety of the package while transit. From small business who have limited shipping and packaging needs to mass production businesses, requiring packaging needs strapping and banding equipment. Due to these benefits of strapping and banding equipment the demand for the strapping and banding equipment market is growing.
Strapping and banding equipment market is expected to see a tremendous growth in the forecast period due to the rising application in food & beverages, consumer electronics, e-commerce, and others. Increasing concern to protect products from damage during transportation is growing strapping and banding equipment market.
Strapping and banding equipment are of three types such as fully-automatic, semi-automatic, and manual. Over the forecast period the demand for fully-automatic strapping and banding equipment will be higher due to rising automation in the packaging industry.
Request a Sample Copy of this Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15479
Key Takeaways from Global Strapping and Banding Equipment Market
As per end-use industry, e-commerce is expected to hold 36% of the market share in 2032.
Based on automation type, fully-automatic strapping and banding equipment are expected to increase 1.7 times the current market sales in the forecasted period.
South Asia and East Asia are expected to be the largest market for strapping and banding equipment, with sales surging at a CAGR of 5.2% between 2022 and 2032.
India is expected to lead the growth in South Asia market due to the presence of several leading manufacturing companies in the country.
Food & beverage is expected to be the second-leading end use segment in strapping and banding equipment market.
"Automatic strapping and banding equipment are cost-effective, saves time and do work without much effort. Hence, manufacturers are investing more in automatic strapping and banding equipment to achieve production efficiency and reduce the manual efforts. They are leveraging their cutting-edge and green technology to capitalize on growing demand for safe packaging equipment from diverse industries" - comments FMI analyst
Increasing Need to Protect Products from Damage during Shipping to Create Demand
The threat of damage to goods during the transport process reduces significantly when they are accurately bound with a strapping and banding equipment. Protection of products requires pallet banding to hold, combine, fasten the goods, and stabilize. strapping and banding equipment are used to rapidly wrap large or small quantities of product to facilitate quicker transportation both to and from train or truck.
When the products are banded it improves their life expectancy of them throughout transport which helps to protect the product from getting damaged. Thus, the demand for strapping and banding equipment is rising due to the increasing need to protect products from damage during shipping.
Global Strapping and Banding Equipment Market Landscape
Signode Packaging Systems Corporation, FEIFER, TransPak, Vestil Manufacturing Corp., The Plastic Strapping Company Ltd, Allstrap Steel & Poly Strapping Systems LLC, Mosca GmbH, Strapack, Inc., W rent, s. r. o., Fromm Holding AG, FELINS, Cyclop International, Jia-in Industry Co., Ltd., Plasticband, S.A., Jining Myway Machinery Co., Ltd., ISG PACK, ESE Direct Ltd., Martin & Weissgerber Kaltband GmbH
Before Buying, Visit for Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-15479
Global Strapping and Banding Equipment Market Report
Future market insights, in its new report, offers an unbiased analysis of the global market for strapping and banding equipment market by automation type (fully-automatic, semi-automatic, and manual), by product type (horizontal strapping and banding equipment, vertical strapping and banding equipment), by end-use (food & beverages, consumer electronics, household, e-commerce, automobile, others) across seven regions.
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
Strapping and Banding Equipment Market by Category
Horizontal Strapping and Banding Equipment
Vertical Strapping and Banding Equipment
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/15479
3.3. Macro Factors and Forecast Factors /p>
Explore FMI's Extensive Coverage on Packaging Domain
Strapping Tapes Market Size: The strapping tapes market is poised to witness a moderate CAGR of 4.4% during the years 2022 to 2032.
Strapping Equipment Market Share: The global strapping equipment market was valued at US$ 1.6 Bn in 2021, registering Y-o-Y growth of 4%. Strapping equipment sales are projected to increase at a CAGR of 4.6%, reaching US$ 2.7 Bn by 2032.
Strapping Devices Market Demand: The global strapping devices market is estimated to be valued at US$ 4.5 Bn in 2022 and is further likely to grow at 4.7% CAGR between 2022 and 2032, reaching a valuation of US$ 7.0 Bn by 2032.
Banding Machine Market Volume: The global banding machine market is poised to increase at 4.7% between 2022 and 2032, totaling a market valuation of US$ 7.5 Bn by 2032.
Automatic Banding Machine Market Forecast: The global automatic banding machine market was valued at around US$ 3.3 Bn in 2021. The market is projected to register 4.8% CAGR over the forecast period, reaching a valuation of US$ 5.3 Bn by 2032.
Metal Banding Machine Market Analysis: The global metal banding machine market is projected to witness growth at a healthy CAGR of 3.9% from 2022 to 2032 and reach a valuation of US$ 1 Bn by 2032.
Pallet Banding Machine Market Growth: The global pallet banding machine market is expected to grow at 4.9% CAGR, totaling a valuation of US$ 4704.7 Mn by 2032.
Cider Packaging Market: The global cider packaging market is likely to reach US$ 4058.9 million by 2032, up from US$ 2421.6 million in 2022 advancing at a CAGR of 5.3% during the forecast period.
Bamboo Packaging Market: The global bamboo packaging market is set to enjoy a valuation of US$ 480.3 Mn in 2022, and further expand at a CAGR of 6.4% to reach US$ 895.1 Mn by 2032.
Packing Boxes Market: The packing boxes market is anticipated to have a steady CAGR of 5% during the period 2022-2032. The packing boxes market size is predicted to grow from US$ 134.7 Bn in 2022 to US$ 219.4 Billion in 2032.
ABOUT FUTURE MARKET INSIGHTS, INC.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights.
For Sales Enquiries: sales@futuremarketinsights.com
SOURCE: Future Market Insights, Inc.
View source version on accesswire.com: https://www.accesswire.com/714136/Strapping-and-Banding-Equipment-Market-is-expected-to-expand-at-a-CAGR-of-48-from-2022-to-2032--Future-Market-Insights-Inc
The major stock market indexes relinquished morning gains in afternoon trading on Friday, dropping to lows for the day. Market players hit the exits on news that Russia will suspend natural gas pipeline shipments to Germany. The Nasdaq changed course, now down 0.5%. The S&P 500 has shed 0.2% while the Dow Jones Industrial Average has dropped 0.2%. The Russell...
Nio's August deliveries soared year over year, but there are plenty of clouds on the horizon too.
(Bloomberg) -- Amazon.com Inc., determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the US, according to a closely watched consulting firm. Most Read from BloombergGlobal Bonds Tumble Into Their First Bear Market in a GenerationLukoil Chairman Ravil Maganov Dies After Falling From Hospital WindowPutin Brings China and India to Russia for War Games Defying USStocks Head for Weekly Losses on Rat
In this article, we will discuss some of the best stocks to buy according to Dave Smith, Chief Investment Officer at investment management company Rockland Trust. If you want to explore similar stocks, you can also look at Long-Term Analyst: Buy These 5 Stocks. David Smith has been in the financial services industry for over […]
Five years after Amazon announced that it would buy supermarket chain Whole Foods for $13.7 billion, a big new change has just taken place -- on September 1, incoming chief executive Jason Buechel is taking over for John Mackey. "As a co-founder of Whole Foods, I've often explained my relationship to the company with a parent-child metaphor," Buechel wrote in a letter announcing his retirement to Whole Foods Staff in September 2021. The transition took nearly a year and, now, former Chief Operating Officer Jason Buechel is stepping in to lead the high-end supermarket chain.
Yahoo Finance Live anchors discuss Ford after the company reported a slowdown in new vehicle sales for August.
Electric vehicle (EV) charging network company ChargePoint Holdings (NYSE: CHPT) gave investors a mixed fiscal 2023 second-quarter earnings report earlier this week. ChargePoint exceeded the high end of its prior guidance for revenue. The company had told investors to expect revenue of between $96 million and $106 million for the period, and it achieved $108.3 million in sales.
(Reuters) -Private equity firm Oak Street Real Estate Capital LLC has made an offer to acquire as much as $2 billion of property from Kohl's Corp and have the U.S. retailer lease back its stores, according to people familiar with the matter. Oak Street's interest offers Kohl's another chance to cut a deal after negotiations to sell itself to Franchise Group Inc, owner of the Vitamin Shoppe, for almost $8 billion fell through in July over the department store operator's deteriorating business prospects. Oak Street had sought to help finance Franchise Group's bid.
Cathie Wood's ARK Invest cut its stake in Nvidia ahead of the graphic chipmaker's results last month. Now it's snapped up the stock which has dropped to a 52-week low.
Recently, Zacks.com users have been paying close attention to Energy Transfer LP (ET). This makes it worthwhile to examine what the stock has in store.
Aurora Cannabis, Canopy Growth, OrganiGram Holdings, and Tilray Brands are all in the red yet again today.
FRANKFURT/GDANSK (Reuters) -Russia has scrapped a Saturday deadline to resume flows via a major gas supply route to Germany, deepening Europe's difficulties in securing winter fuel, after saying it had found faults in the Nord Stream 1 pipeline during maintenance. Nord Stream 1, which runs under the Baltic Sea, had been due to resume operating at 0100 GMT on Saturday after a three-day halt for maintenance. But Gazprom, the state-controlled firm with a monopoly on Russian gas exports via pipeline, said on Friday it could not safely restart deliveries until it had fixed an oil leak found in a vital turbine.
Chinese stocks have come under pressure for various reasons over the past year and a half or so; a slowing economy has been one cause while domestic tussles with the regulators haven’t helped either, particularly for those in the tech sector. Another element keeping sentiment low and impacting performance has been the fear of de-listing for U.S.-listed Chinese stocks. This is on account of Chinese companies not meeting U.S. auditing standards. But the prospects of de-listing might be less likely
Orchid Island Capital Corp. (NYSE: ORC) is a finance company that acquires, invests in and offers financing from U.S. residential mortgage-backed securities (MBS). The Florida mortgage real estate investment trust (REIT) initiated an IPO in March 2013 at a price of $14.50. Its monthly dividend of $0.135 returned an approximate annual yield of 11%. However, in the last few years, the stock price has floundered, and ORC has reduced its dividend payment several times. Orchid’s price had recently be
Fast-growing cybersecurity company CrowdStrike (NASDAQ: CRWD) reported strong fiscal second-quarter results earlier this week. Its fiscal second-quarter revenue and adjusted earnings per share both came in higher than analysts' consensus forecasts, as annual recurring revenue soared 59% year over year, surpassing $2 billion for the first time. While it's true that CrowdStrike's business has been firing on all cylinders, there has been significant pressure on growth stocks in 2022 as investors appear to be more sensitive to valuation risk.
Ready to go bottom fishing again? Any good angler can tell you that there’s plenty of good eating just waiting at the bottom of the creek, or the pond, or the lake. The same concept also holds for stocks – investors can always find some quality equities down at the market bottoms. Stocks get down there for a multitude of reasons, and the reasons aren’t always related to any fundamental flaw in the company or its share trading policies. Sometimes, it’s some idiosyncratic business move, or over-re
Investors need to pay close attention to Upstart (UPST) stock based on the movements in the options market lately.
SQM (SQM) could produce exceptional returns because of its solid growth attributes.
Billionaire money managers have used the sizable market downturn to buy these seven stocks at a perceived discount.
Kinder Morgan (KMI) generates stable fee-based revenues from its vast network of midstream infrastructure.