Future Market Insights
Global Raffia Tape Stretching Line Market: Introduction:
Increasing transportation and distribution of goods across developing and developed regions is causing an immense challenge for packaging manufacturer to avoid product damages. To overcome, such problem manufacturer opts for packaging solution such as raffia tape. Raffia tape is used for tying, strapping and sealing function which is executed across industries such as food, chemical, and construction industries. Raffia tapes is an effective solution for wrapping cartons which are used in shipping of goods. Such factors are propelling the growth of raffia tape stretching line market.
Moreover, the demand for raffia tape stretching line market is increasing across developing regions as it renders economic packaging solution for sealing boxes and carton. Over the years, with technological development in machinery, manufacturer prefer pneumatic raffia tape stretching line machine which provides higher output capacity. Moreover, such factors are leading to increased consumption of raffia tape stretching line market across APEJ region, with China accounting a significant share of raffia tape stretching line market. Overall with the ever growing need of packaging safety, it has caused manufacturer and distributor to prefer automatic raffia tape stretching line market which is anticipated to witness a prevalent share over the forecast period.
Global Raffia Tape Stretching Line Market - Market Dynamics:
Manufacturer of raffia tape has adopted the use of innovative resins for raffia tape stretching line machine. Such materials consist of polypropylene (pp), biaxial oriented polypropylene (BOPP), etc. this has caused a fueling growth for raffia tape stretching line market. Also, easy availability of raw material such as resin from global chemical companies such as ExxonMobil for manufacturing raffia tapes has driven a chunk demand for raffia tapes stretching line market. In addition, the global raffia tape stretching line market is drifted by rising opportunities across general industries, agriculture industries, and chemical industries. Moreover, raffia tape stretching line machine is preferred by industries which require convenient yet economical packaging solution for logistic and supply chain. These factors are fueling the growth of raffia tape stretching line market in the near future.
Global Raffia Tape Stretching Line Market - Market Segmentation:
The global raffia tape stretching line market is segmented into machine type and output capacity. On the basis of machine type the global raffia tape stretching line market is segmented into inverter cheese winder, hot air oven with stretching unit, take up nip roll with holding unit and extruder with “T” die. On the basis of output capacity type the global raffia tape stretching line market is segmented into 80-150 Kg/hr, 151-450 Kg/hr, 451-700 Kg/hr, above 700 kg/hr.
Global Raffia Tape Stretching Line Market - Regional Outlook:
The global raffia tape stretching line market is concentrated across the region of Asia Pacific and Latin America, wherein the growing demand for packaging is directly fueling the growth of raffia tape stretching line market. With expeditious growth of food and manufacturing sector is propelling the demand for raffia tape stretching line market across developed and developing regions. Countries such as India and China has an eminent concentration of raffia tape stretching line market, which is exported across developed regions of North America and Europe. Moreover, the growth of raffia tape stretching line market is foreseen to remain dominant over the forecast period.
Raffia Tape Stretching Line Market – Key Players:
Some of the key players operating in the global raffia tape stretching line market include Heaven Extrusions, Ocean Rotoflex, Presto Testing Instrument, American Starlinger- SAHM, Inc., Signode, Lohia Group, J P ExtrusionTech Ltd., Exzakta Meccanica Limited, Cemach Machineries Ltd., POLYSTAR MACHINERY CO., LTD. Twist Engineering Works, Shree Radhe Industries.
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