Future Market Insights
In modern times one of the aims of the manufacturers is to reduce cost occurring due to damage of goods through shipping or local transportation. These conditions have led to the innovation in the ergonomic design of material handling and packaging equipment over the last half a decade. One such cost efficient packaging equipment is strap dispenser which correlated to the demand of industries such as pharmaceutical, food and beverage, automobile, etc. Strap dispenser machine uses either metal, plastic or fabric material to render a strong wrapping for rigid products such as metals, glass or plastic. Strap dispenser is used across individual and institutional application, predominantly to transfer raw material, semi-finished or finished goods across different department or region. Moreover, strap dispenser machine has a long self-life and provide high tensile proof for packed products.
The driving factors of the rising growth in the strap dispenser are due to rise in demand of automobile sector across developed regions. Western Europe and North American market represent a significant percentage of market share in strap dispenser market which is expected to promote the growth of packaging industries over the forecast period.
Strap Dispenser Market - Market Dynamics:
Manufacturers of the strap dispenser are using raw material to manufacturer which is cost-effective and has less impact on the environment. Also, the invention of pneumatic and automatic strap dispenser machines have increased the productivity output of wrapping straps around packed products. In addition, automatic strap dispenser is tailored to meet the rapid demand packaging demand in the regions of Europe and North America market.
On the other hand rising disposable income and growth in pharmaceutical and food industries in the region of Asia- Pacific would likely create a significant increase in the strap dispenser market over the projected period. Strap dispenser machine is an ideal strap wrapping machine for packaging product which works efficiently in the harsh environment and renders assurance to the manufacturer about the safety of the products. Overall the demand of strap dispenser is expected to witness an enormous CAGR over the projected period.
Strap Dispenser Market - Market Segmentation:
Global strap dispenser market is segmented on the basis tool type, application type and end use type.On the basis of tool type global strap dispenser market is segmented into pneumatic, battery automatic, semi-automatic, and manual. On the basis of application type, the global strap dispenser market is segmented into plastic strap, fabric and steel strap.Furthermore, plastic strap is sub-segmented into polyethylene (PE), polypropylene (PP), polywoven, and others. While fabric is sub-segmented into corduroy, ribbon and others. On the basis of end use type, the global strap dispenser market is segmented into pharmaceutical, personal and healthcare, food and beverages, chemicals, general industries, automobile, others.
Strap Dispenser Market - Regional Outlook:
Asia Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
Geographically, the demand for strap dispenser is extensively dominated by the regions of Asia- Pacific, North America and Western Europe. This regions has comparatively witnessed a strong growth in pharmaceutical, food and automobile industries which is subsequently surging the demand for strap dispenser machine market. On the other and the regions of the Latin America and the Middle-East ensuing a high demand in manufacturing sectors which is fueling the demand for strap dispenser. Moreover, the demand for strap dispenser is anticipated to increase over the forecast period.
Global Strap Dispenser Market – Key Players:
Some of the key players operating in the global strap dispenser market include TSW Packaging Solution, CYKLOP International, Hangzhou Fuyang Deep Joint Import & Export Co., Ltd., Macarthur Wrap & Strap Pty Ltd., North Shore Strapping Company, Unipack, Modern Pneumatic Tools & Co., Cordstrap India Pvt Limited, Signode Packaging Solutions, Groheit & Weigel Gmbh.
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