Market Overview:
The global strip packing machine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for packaged food and beverages, rising disposable income, and technological advancements in strip packing machines. Based on type, the global strip packing machine market is segmented into up to 400 units per minute, 400-800 units per minute, 800-1600 units per minute, 1600-2400 units per minute, and above 2400 units per minute. The 800-1600 unit segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for high speed packaging machines from food industry players. Based on application, the global strip packing machine market is segmented into pharmaceuticals industry, food industry players (including processed foods and ready-to-eat foods), electronic devices manufacturers (including smartphones and tablets), and others (including cosmetics products).
Product Definition:
A strip packing machine is a tool used in manufacturing and packaging that creates a continuous band of material, often plastic or metal, for use as a seal or closure.
Up to 400 Units Per Minute:
400 Units Per Minute (UPM) is a unit of power which means it can do the work of 400 mass units in one minute. It is used to measure the speed of an electric motor or other rotating machine. The higher the UPM, generally, the better and more efficient a product will be for its intended use.
The global market for 400 UPM machines has been growing at a steady pace over recent years.
400 to 800 Units Per Minute:
400-800 Units per Minute (UPM) is a term used for the speed at which the strip packing machine can operate. The higher the UPM, generally means more efficient and faster will be its operation. 400 to 800 units per minute is usually achieved by using high quality components with low maintenance costs and high reliability factors.
Application Insights:
The food industry application segment led the global strip packing machine market in 2017 and is projected to expand at a steady CAGR over the forecast period. The growth can be attributed to increasing demand for fruits, vegetables, and other foods from various end-use industries. Furthermore,strip packaging solutions are being increasingly used by food processing companies as they offer flexibility in terms of design and production along with ease of use and maintenance.
Electronic devices segment is expected to witness significant growth over the next six years owing to rising demand for electronic products across various regions including North America & Europe. Electronic devices are usually packed with great care as they may get damaged if not packed carefully. Thus, electronic device manufacturers recommend using automated packaging machines that ensure precision while packaging their products so as to avoid any damage or malfunctioning of electronics during transit or storage conditions later on.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to increasing foreign investments in the region and rising demand for electronic devices. In addition, growing pharmaceutical industry in this region will drive product demand over the forecast period. Europe is also estimated to witness significant growth over the coming years due to stringent government regulations regarding environment protection and safety of workers coupled with high manufacturing standards set by European Union (EU). Moreover, food processing sector has witnessed an increase in automation owing to labor costs rising in developed economies such as Germany and U.K.
Growth Factors:
- Increasing demand for packaged food products: The global packaged food market is expected to grow at a CAGR of 5.4% from 2016 to 2021. This growth is driven by the increasing urbanization and changing lifestyles of consumers, who are preferring convenient and ready-to-eat food products.
- Rising demand for processed meat: The processed meat market is projected to grow at a CAGR of 6% from 2016 to 2021. This growth is fueled by the increasing population, rising disposable income, and changing dietary habits in emerging economies such as China and India.
- Growing popularity of ready-to-eat meals: Ready-to-eat meals are gaining popularity due to their convenience and easy portability. They offer an alternative to traditional home cooked meals, which require time and effort on the part of the consumer. The global ready-to-eat meal market was valued at USD 204 billion in 2015 and is projected to reach USD 274 billion by 2020 at a CAGR of 5%.
Scope Of The Report
Report Attributes
Report Details
Report Title
Strip Packing Machine Market Research Report
By Type
Up to 400 Units Per Minute, 400 to 800 Units Per Minute, 800 to 1600 Units Per Minute, 1600 to 2400 Units Per Minute, Above 2400 Units Per Minute
By Application
Pharmaceutical, Food Industry, Electronic Devices, Others
By Companies
SaintyTec, Lodha International, Gansons, Kwang Dah Enterprises, Uhlmann, IMA, Romaco Group, Mutual, Bombay Engineering, Maruho Hatsujyo Innovations (MHI)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Strip Packing Machine Market Report Segments:
The global Strip Packing Machine market is segmented on the basis of:
Types
Up to 400 Units Per Minute, 400 to 800 Units Per Minute, 800 to 1600 Units Per Minute, 1600 to 2400 Units Per Minute, Above 2400 Units Per Minute
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical, Food Industry, Electronic Devices, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SaintyTec
- Lodha International
- Gansons
- Kwang Dah Enterprises
- Uhlmann
- IMA
- Romaco Group
- Mutual
- Bombay Engineering
- Maruho Hatsujyo Innovations (MHI)
Highlights of The Strip Packing Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Up to 400 Units Per Minute
- 400 to 800 Units Per Minute
- 800 to 1600 Units Per Minute
- 1600 to 2400 Units Per Minute
- Above 2400 Units Per Minute
- By Application:
- Pharmaceutical
- Food Industry
- Electronic Devices
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Strip Packing Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A strip packing machine is a type of packaging machine that uses a series of parallel strips to pack products. The strips are inserted into the product in a specific order, and the machine then compresses them together until they reach the desired thickness. This process allows manufacturers to pack products more densely than they would be able to using other methods, which can lead to improved quality and shorter shipping times.
Some of the key players operating in the strip packing machine market are SaintyTec, Lodha International, Gansons, Kwang Dah Enterprises, Uhlmann, IMA, Romaco Group, Mutual, Bombay Engineering, Maruho Hatsujyo Innovations (MHI).
The strip packing machine market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Strip Packing Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Strip Packing Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Strip Packing Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Strip Packing Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Strip Packing Machine Market Size & Forecast, 2020-2028
4.5.1 Strip Packing Machine Market Size and Y-o-Y Growth
4.5.2 Strip Packing Machine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Up to 400 Units Per Minute
5.2.2 400 to 800 Units Per Minute
5.2.3 800 to 1600 Units Per Minute
5.2.4 1600 to 2400 Units Per Minute
5.2.5 Above 2400 Units Per Minute
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pharmaceutical
6.2.2 Food Industry
6.2.3 Electronic Devices
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Strip Packing Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Strip Packing Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Up to 400 Units Per Minute
9.6.2 400 to 800 Units Per Minute
9.6.3 800 to 1600 Units Per Minute
9.6.4 1600 to 2400 Units Per Minute
9.6.5 Above 2400 Units Per Minute
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pharmaceutical
9.10.2 Food Industry
9.10.3 Electronic Devices
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Up to 400 Units Per Minute
10.6.2 400 to 800 Units Per Minute
10.6.3 800 to 1600 Units Per Minute
10.6.4 1600 to 2400 Units Per Minute
10.6.5 Above 2400 Units Per Minute
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pharmaceutical
10.10.2 Food Industry
10.10.3 Electronic Devices
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Up to 400 Units Per Minute
11.6.2 400 to 800 Units Per Minute
11.6.3 800 to 1600 Units Per Minute
11.6.4 1600 to 2400 Units Per Minute
11.6.5 Above 2400 Units Per Minute
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pharmaceutical
11.10.2 Food Industry
11.10.3 Electronic Devices
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Up to 400 Units Per Minute
12.6.2 400 to 800 Units Per Minute
12.6.3 800 to 1600 Units Per Minute
12.6.4 1600 to 2400 Units Per Minute
12.6.5 Above 2400 Units Per Minute
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pharmaceutical
12.10.2 Food Industry
12.10.3 Electronic Devices
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Up to 400 Units Per Minute
13.6.2 400 to 800 Units Per Minute
13.6.3 800 to 1600 Units Per Minute
13.6.4 1600 to 2400 Units Per Minute
13.6.5 Above 2400 Units Per Minute
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pharmaceutical
13.10.2 Food Industry
13.10.3 Electronic Devices
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Strip Packing Machine Market: Competitive Dashboard
14.2 Global Strip Packing Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SaintyTec
14.3.2 Lodha International
14.3.3 Gansons
14.3.4 Kwang Dah Enterprises
14.3.5 Uhlmann
14.3.6 IMA
14.3.7 Romaco Group
14.3.8 Mutual
14.3.9 Bombay Engineering
14.3.10 Maruho Hatsujyo Innovations (MHI)
