From GlobeNewswire: 2025-06-02 09:45:00

The Strapping Machine Market was valued at $5.23 billion in 2023 and is expected to reach $7.67 billion by 2032, with a 4.34% CAGR. E-commerce growth and packaging needs are driving market expansion, with automation and eco-friendly materials playing key roles. The US market is set to grow steadily to $2.08 billion by 2032.

Semi-automatic machines, polypropylene material, and food & beverage lead market segments in 2023. The North American market dominates with over 38% market share due to strong industrial and logistics capabilities. Asia-Pacific is the fastest-growing region, driven by consumer electronics, pharmaceuticals, and trade demands. The market is expected to continue expanding.

Key companies in the market include Dynaric Inc., Fromm Holdings AG, and Messersì Packaging S.r.l., among others. Polypropylene dominated with 48% market share in 2023, while the food & beverage segment led with over 32%. The market is driven by the need for efficient and sanitary packaging solutions in various industries.

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