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Polaris Market Research
www.polarismarketresearch.com
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Strapping Machine Market Market to Witness Growth Acceleration During 2017-2026
A new business intelligence report released by Polaris Market Research with title Strapping Machine Market Research Report 2017” that targets and provides comprehensive market analysis with future prospects to 2026

BriefingWire.com, 9/13/2018 - A new business intelligence report released by Polaris Market Research with title Strapping Machine Market Research Report 2017” that targets and provides comprehensive market analysis with future prospects to 2026.

According to a new study published by Polaris Market Research the worldwide Strapping Machine Market is anticipated to reach around USD 6,991.4 million by 2026. In 2017, the semi-automatic strapping machine segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global strapping machine market.

Traffic Road Marking Coating market major player include : Mosca GmbH, Samuel Strapping Systems, MJ Maillis S.A., Transpak Equipment Corp., Signode Packaging Systems Corporation, Strapex Group, Polychem Corporation, Dynaric Inc.,

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The rapid growth in the global packaging industry majorly drives the growth of this market. Growing concerns regarding product safety to avoid damage and loss during packaging and shipping supports the market growth.However, high initial investment costs of strapping machines limit the growth of the market. New emerging markets, technological advancements, and increasing adoption by small and medium businesses would provide growth opportunities for strapping machine market in the coming years.

Asia-Pacific accounted for the highest share in the global strapping machine market during the forecast period. A significant growth in the consumer goods, and food and beverage industries has been registered over the past few years in the region, thereby supporting the growth of strapping machines in the market.Leading global players are expanding their presence in developing nations of India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

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The various types of strapping machines include semiautomatic strapping machines, automatic strapping machines, and fully automatic strapping machines. The semi-automatic strapping machine segment is expected to lead the market during the forecast period owing to increasing demand from small and medium sized business. Semi-automatic strapping machines are designed for small and medium sized items and require users to manually feed strapping into the machine.

The different materials used in strapping machines include polypropylene, polyester, steel, and others. The polypropylene segment dominated the market in 2017 owing to its affordable use in packaging of small and medium sized products. Its increasing use in various industries such as food and beverage, consumer goods, publishing, and electronics among others is expected to drive the market growth during the forecast period.

Major Points Of Table Of Content:

Strapping Machine – Industry snapshot

Strapping Machine - Ecosystem analysis

Strapping Machine Market Dynamics

Strapping Machine – Market Forces

Strapping Machine Market Driver Analysis

Strapping Machine Market Restraint/Challenges analysis

Strapping Machine Market Opportunity Analysis

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