Manual Strapping Tool Market Size, Share, Growth, and Industry Analysis by Type (Mechanical Strapping Tool, Hand Pneumatic Strapping Tool); By Application (Food & Beverage, Consumer Electronics, Household Appliances, Newspaper & Graphics and Others), Regional Insights and Forecast To 2031

Updated On: 01 April 2024

Manual Strapping Tool Market Report Overview

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The global manual strapping tool market size was USD 464.8 million in 2021 and is expected to be USD 748.69 million in 2031, exhibiting a CAGR of 4.9% during the forecast period.

When bundling or packing, straps are dispensed, sealed, and tightened using strapping machines. It permits horizontal strapping of palletized loads using polyester or polypropylene straps. Carton, book, calcium-plastic case, and hard and soft package strapping are all excellent uses for horizontal strapping machines. The horizontal strapping machine is simple to use and requires little maintenance. It can secure any type of object, whether it takes the shape of a square, cylinder, or annulus. Depending on the size of the load and the conveyer speed, a horizontal strapping machine may produce 8 straps per minute with proper strap positioning.

Manufacturers choose completely automatic horizontal strapping machines and semi-automatic horizontal strapping machines. The choice of a horizontal strapping machine is highly important since, if made improperly, it can cause product damage during transit and result in improper packaging. Horizontal strapping machines are mostly used in the commodities, garment, newspaper, and merchandise sectors as well as the food and beverage, chemical, equipment & hardware, and textile industries. Growing demand across various industries will augment the manual strapping tool market growth throughout the forecast period.

COVID-19 Impact: Pandemic-related Disruptions Impacted Market Dynamics       

The global COVID-19 pandemic has been unprecedented and staggering, with manual strapping market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic has caused a worldwide lockdown, which has caused the manufacture of several items in the strapping machine business to cease. This has slowed the market's growth for strapping machines over the past several months and is probably going to do so through 2021.In the first quarter of 2021, COVID-19 already had an influence on the sales of strapping machines, and it is predicted to have a negative effect on market growth the entire year. The U.S., Germany, Italy, the U.K., and China, which are heavily dependent on manufacturing and are badly impacted by the coronavirus's spread, used to account for the majority of the demand for strapping machines.

Furthermore, the lockdown's potential effects are now unknown, and a company's ability to recover financially depends entirely on its cash reserves. Manufacturers of strapping machines can only sustain a complete lockdown for a limited period of time before the participants must change their investment strategies. For instance, in order to save costs, a number of market participants temporarily stopped their output. While a select few players used staff layoffs as a means of survival during the COVID-19 health crisis.

Manufacturers of strapping machines should prioritise safeguarding their operations, supply networks, and personnel in order to respond to urgent situations and establish new ways to operate following COVID-19. For instance, providing hand sanitizers, upholding social distance, and ensuring that every individual in the firm has had their vaccinations may help to promote the health and well-being of the employees. The aforementioned factors negatively influenced the manual strapping tool market share during COVID-19.

LATEST TRENDS

"Customization to Emerge as a Key Trend in the Manual Strapping Tool Industry "

Customization is emerging as a crucial marketing tactic. During the projected period, the market for strapping machines will expand due to the creation of specialized machines that can meet a variety of end-user needs. For many sorts of sectors including food, newspapers, and others. Since they reduce the overall cost of ownership, strapping machines are in great demand from a wide range of end customers.

In order to obtain flexible and customized goods that can handle huge product sizes, end-users are also striving to broaden their product lines and form alliances with strapping machine manufacturers making the production significantly more cost-effective. Regular service is crucial to ensuring the efficient operation of machines and equipment. Various strapping machine manufacturers have partnered with organisations that offer services for maintenance and repairs with this in mind.

Manual Strapping Tool Market Segmentation

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• By type

Depending on the use, strapping tool is categorized such as Mechanical Strapping ToolHand Pneumatic Strapping Tool. The Hand Pneumatic Strapping Tool segment will capture the maximum market share through 2028.

• By Application

The market is divided into Food & Beverage, Consumer Electronics, Household Appliances, Newspaper, Graphics, and Others categories based on application. The Food & Beverage segment will dominate the market share during 2022-2028.

DRIVING FACTORS

"Advancing Technology New Production Techniques to Transform Market Outlook"

Automatic strapping devices—also referred to as packaging and branding devices—combine, strengthen, and secure the straps as they are being packaged. Books, cartons, calcium-plastic cases, cases, soft packages, and hard packaging are all well-suited for these machines. The production speed and accuracy rates are increased by the hands-free strapping option provided by automatic strapping equipment. They may be used to create items of various sizes and shapes. Automatic strapping devices can complete tasks quickly, affordably, and with little effort. Numerous sectors, including packaged foods, consumer goods, publications, and commercial products, employ automatic strapping devices to help safeguard the products. Depending on the product they will be used for, several automated strapping machine kinds must be chosen. Constant technological advances will fuel the manual strapping tool market size in the future.

" Upsurge of Demand Across Food and Beverage Sector to Create New Opportunities "

Increased demand in the food and beverage sectors, manufacturer investments in these machines to achieve cost- and product-effectiveness, and a greater emphasis on package security are some of the factors driving the strapping machine industry's rise. Over the projection period, demand for strapping machines will increase due to the growing requirement for secure shipment of a variety of items from industries including food and beverage, consumer and home appliances, newspapers, and other commerce goods. The market for strapping machines has increased dramatically since these devices do all the labor-intensive tasks and save time, energy, and materials. Additionally, product packaging has a significant impact on the market. Even when the product is of good quality, it is essential to spend a significant amount on the packing since improper packaging might make the product less appealing to consumers and reduce demand for it.

RESTRAINING FACTORS

"Advent of Automatic Strapping Machines to Affect Product Demand"

Despite the growing demand across all major end-use industries, manual strapping tool manufacturers face intense competition from advanced alternative technologies such as automatic strapping machines. With growing automation and need for better efficiency and performance, automated systems are gaining traction. The growing popularity of automatic strapping tools could impact the manual strapping tool market growth negatively.

Manual Strapping Tool Market Regional Insights

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"North America to Dominate owing to Established Consumer Electronics Sector"

North America is projected to dominate manual strapping tool market share during the projected period. The regional growth is attributable to a well-established consumer electronics sector with a massive consumer base. The presence of some of the world’s largest electronics producers bolsters the regional market. Advancing landscape of the electronics and semiconductor industry along with emerging demand for advanced consumer tech will positively influence the market growth.

Asia Pacific is expected to hold a notable share of the market through 2028. Growth in this region is primarily driven by the rapid rise in electronics and chip manufacturing. Rapid urbanization and industrial development coupled with rapid commercial expansion will create promising opportunities for local companies as well as global players eyeing expansion in the Asia Pacific.

KEY INDUSTRY PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.

List of Market Players Profiled

• Signode (U.S.)
• Maillis Group (U.K.)
• Fromm Packaging Systems (Switzerland)
• Cyklop (Shanghai)
• Yang Bey Industrial Co., Ltd. (Taiwan)
• Ferplast (Italy)
• NUODA (China)
• Searo Packing (Taiwan)
• WISS Tools (U.S.)
• Prodotti Secur (Italy)

REPORT COVERAGE

The Global "Manual Strapping Tool Market" Research Report offers a thorough analysis and insights into the market's size, revenues, different segments, and growth drivers, as well as its stumbling blocks and regional industrial presence. The goal of the research study is to get a full understanding of the "Manual Strapping Tool Sector" as well as information about the market and its potential for growth. This research study also features current analyses and projections for all geographical areas and industry sectors.