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Global Strapping Machine Market

Global Strapping Machine Market

Submitted by • January 30, 2020 www.

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.

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Voted by jaya

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