Global Strapping Machine Market was valued US$ 4.80 Bn in 2017 and is expected to reach 6.90 Bn by 2026, at a CAGR of 4.64 % during a forecast period.Global Strapping Machine MarketIncreasing need to protect product from damage in the applications such as food & beverages, consumer appliances, household appliances, newspaper, and other merchandises goods are expected to drive the global strapping machine market. The increasing expansion of the e-commerce industry expected to surge the demand for packaging equipment like machines.
On the other hand, in developed countries, the adoption of robots for packaging applications is currently high owing to the high cost of robotic equipment. The rising usage of robotic equipment is projected to affect the market opportunities of conventional strapping machine manufacturers.
- Ellington Properties
- Book Cheap Flight Tickets To Texas
- IBPS CLERK MAINS GA | 100 MCQs | OCTOBER Current Affairs | RBI ASSISTANT | Dr.Pushpak Pandav
- IBPS CLERK MAINS GA | 100 MCQs | November Current Affairs | RBI ASSISTANT | Dr.Pushpak Pandav
- Gujarat PSC Recruitment 2019-2020 State Tax Inspector And Various 1457 Posts
- Shirdi Flight Packages From Bangalore
- Top Web And Mobile App Development Company In India, US | WebMob Technologies
- Reasons Why You Need To Choose React Native For Mobile App
- Best UPVC Windows In Kolkata
- Leading UPVC Doors And Windows Manufacturers In Kolkata