Strapping Tools Market: Introduction
Strapping tools offer assistance in strapping pallets and cartons quickly, safely, and securely. Various types of strapping tools are available such as tensioners, sealers, seals, buckles and dispensers for polyester, and steel strapping. Strapping offers a solution for securing shipments during transport or for medium or long-term storage. The three major uses of strapping include fixing a pallet, joining one parcel to another, and offering more strength. Strapping tools can be used to secure almost anything, from fragile products to bulky loads. For instance, after a cardboard box is sealed with tape, even if it is a sturdy cardboard box, strapping can be applied to secure it fully. It wraps all the way around the parcel, and the joint is bonded or welded together to provide a tight, strong seal that cannot easily be broken. Strapping can be applied to any package size, including standard size cartons to large export boxes and pallets. Strapping tools are particularly useful when fixing a couple of cartons together.
Key drivers of the strapping tools market
Growing demand for strapping and thus for strapping tools can be attributed to the growth in end-use industries such as food & beverages, pharmaceuticals, steel, and paper industry. As food and beverage products require extra safety in order to prevent contamination, strapping tools are increasingly being used in food and beverage packaging, which is fueling the market growth. In addition, the rising application of strapping tools for palletization and cost-effectiveness of strapping tools make them ideal for use in logistics and transportation, which is further surging the market growth. These factors drive the demand for strapping tools at the global level.
Improved features creating opportunities in the strapping tools market
Manufacturers keep developing the products so as to cater to a larger customer base. For instance, in 2020, FROMM, a manufacturer of a wide range of handheld tools & automated systems, introduced Smart S-series, battery powered 3-in-1 strapping tools for plastic straps, namely the P328S and P329S. These strapping tools are equipped with a heavy duty color touchscreen, and state-of-the-art software, including a wireless option. In 2019, Cyklop UK Limited a subsidiary of Cyklop International, a worldwide producer and supplier of packing systems and materials, enhanced its battery driven hand-strapping tools. The company offers three variants, namely CLT 130 for light applications, CHT 450 for heavy work, and CMT 260 for universal use. Such new features create new opportunities for the product in the market.
Counterfeit products a restraint of the strapping tools market
One of the restraints of strapping tools is the presence of counterfeit products. Often, strapping tools that closely resemble the original of various brands are available in the market. These imitation tools are manufactured in China and are typically found selling on China-based internet retailers by private resellers. This factor acts as a restraint for the strapping tools market.
Asia Pacific the dominant market
Asia Pacific accounts for highest share in the strapping tools market in terms of revenue contribution as compared to markets in other regions due to increased adoption of strapping tools by various end-users such as food & beverages, pharmaceutical, and cosmetics industry in the region. In addition, the increasing application of strapping tools among consumers in countries such as Japan, China, and Australia is expected to trigger demand for strapping tools. Technological advancements and rapidly growing demand for strapping tools is impacting the growth of the product in the region.
Key players operating in the global market
Companies are working on product innovation and development to expand their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the strapping tools market are:
- M.J.Maillis Group
Strapping Tools Market: Research Scope
Strapping Tools Market, by Type
Strapping Tools Market, by Material
Strapping Tools Market, by Automatic Grade
Strapping Tools Market, by End-use Industry
- Steel Industry
- Paper Industry
- Food & Beverages Industry
- Cosmetics Industry
- Textile Industry
Strapping Tools Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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