Global strapping machine market worth $6.4 billion by 2025

12 September 2017

According to a new report by Grand View Research, the global strapping machine market is expected to reach USD 6.4 billion by 2025, growing at a CAGR of 4.9%. Globally increasing demand from Asia Pacific region has been a major factor driving market growth. Asia Pacific is expected to experience the fastest growth with an estimated CAGR of 5.6% from 2017 to 2025.
Semi-automatic was the largest category in 2016 and the trend is expected to continue over the forecast period. Semi-automatic strapping machines are extensively used owing to its reduced maintenance cost, adjustable height, strap variety, and high tension control (Press Release Grand View Research, August 2017).
Click here for the press release.
Click here for more information about the report.

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