Bundling Machine Market Outlook from 2024 to 2034

The global bundling machine market is estimated to hit a valuation of USD 4,095 million in 2024 and anticipated to reach a value of USD 5,721.3 million by 2034. Sales revenue of bundling machines industry is projected to rise at a CAGR of 3.4% over the forecast period. The revenue generated by bundling machine in 2023 was USD 3,979.5 million. The industry is anticipated to exhibit a Y-o-Y growth of 2.5% in 2024.

Automatic bundling machines are poised to dominate the global bundling machine market, commanding over 50% market share and are projected to generate an incremental opportunity of USD 1,100.3 million during the upcoming decade.

The dominance of automatic bundling machines is attributed to their improved efficiency and precision in streamlining the packaging and bundling process. Automatic bundling machines integrated with IoT and AI help to increase the effectiveness of process allowing productive maintenance and real-time monitoring.

Global Bundling Machine Industry Assessment

Attributes Key Insights
Historical Size, 2023 USD 3,979.5 million
Estimated Size, 2024 USD 4,095 million
Projected Size, 2034 USD 5,721.3 million
Value-based CAGR (2024 to 2034) 3.4%

Tabletop bundling machines are anticipated to expand at 1.5 times its current market value attaining a CAGR of 4.2% during the assessment period. These tabletop machines are compact and versatile which makes them ideal for small and medium scale players operating in limited space and investment. The rising trend of small batch production in food, pharmaceutical, and retail further drives the demand for tabletop bundling machines.

Continuous bundling machines are estimated to capture more than 55% of value share by 2034 expanding at a 3.6% growth rate during the assessment period. These machines can operate continuously at high speed and require minimum downtime which is preferred for high production capacity. Rapidly increasing demand for reliable and cost-effective bundling machines is contributing to its market share growth.

The application of bundling machines in the building and construction sector is increasing because of rising infrastructure development, urbanization, and renovation activities across the globe. These machines are increasingly used in the construction industry for securing pipes, lumbers, rods, and many other different types of construction material which may not be possible by any other means.

The bundling machine industry is set to experience upward growth during the forecast period. It is projected to create an incremental opportunity of USD 1.6 billion and is predicted to rise 1.4 times the current market value through 2034.

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Semi Annual Market Update

The below table represents the expected CAGR for the global bundling machine market over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the decade from 2023 to 2033, the business is predicted to expand at a CAGR of 3.7%, followed by a slightly lower growth rate of 3.3% in the second half (H2) of the same decade.

Particular Value CAGR
H1 3.7% (2023 to 2033)
H2 3.3% (2023 to 2033)
H1 3.1% (2024 to 2034)
H2 3.5% (2024 to 2034)

Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 3.1% in the first half and remain relatively moderate at 3.5% in the second half. In the first half (H1) the market witnessed a decrease of 60 BPS while in the second half (H2), the market witnessed an increase of 20 BPS.

Key Industry Highlights

Application of Sustainable Materials in Strapping Machines

Strapping machines are used extensively in numerous industries and it has become necessary to integrate sustainability practices with them. Rising demand for sustainable packaging solutions escalated by single-use plastic ban across various regions all over the globe.

This trend has significantly impacted the strapping machines to meet the changing demand from the industry. Sustainable strapping machines will reduce the environmental impact during their usage by the development of biodegradable or recyclable strapping materials. This material will reduce wastage and promote circular economy goals.

Materials such as Polylactic acid (PLA) and Polyhydroxyalkanoates (PHA), derived from natural resources can be used as they are compostable and easily break down. One can also use recycled polymers like PET so that it diverts the landfill waste reducing the dependence on virgin plastic.

Recycled plastic straps have the required durability and strength as the traditional. Companies can use paper straps that are recyclable, lightweight, and biodegradable for applications where minimum strap strength is required. Bio-based and natural fiber straps can be used in the machines making them more sustainable and suitable for a wide range of applications.

Advanced Automation Trends in Bundling Machines

Automated bundling and strapping solutions are experiencing rising demand driven by cost-effective and time-efficient strapping solutions minimizing waste. The incorporation of automation in bundling and strapping machines with advanced technologies including artificial intelligence, robotics, and advanced sensors, is revolutionizing the process of bundling.

Automated strapping machines are capable of intelligently analyzing the package specifications including size, shape, weight, etc. and automatically select the optimum strapping process for the same. The adoption of advanced automation in strapping machines is a prominent contributor to market growth resulting in greater efficiency and competitiveness among the industry.

High Initial Investment Restricts Market

Bundling machines require higher investment costs which hamper the market growth. These machines are expensive, especially the automated one that offers higher efficiency, precision, and scalability. Along with the high cost of purchasing and installation, these will also include the cost of additional expenses for training and maintenance.

This will be a significant barrier, particularly for small and medium-sized enterprises limiting its adoption. Despite this bundling machines offer long-term benefits in terms of efficiency gains, labor savings, and enhanced productivity, making them a valuable investment for companies aiming to scale their operations and remain competitive in the market.

Ismail Sutaria
Ismail Sutaria

Principal Consultant

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2019 to 2023 Global Bundling Machine Sales Outlook Compared to Demand Forecast from 2024 to 2034

The global bundling machine industry recorded a CAGR of 1.3% during the historical period between 2019 and 2023. The growth of bundling machine industry was positive as it reached a value of USD 3.9 billion in 2023 from USD 3.7 billion in 2019.

The emergence of the Overall Equipment Effectiveness (OEE) technique and lean packaging operation is expected to augur well for the global bundling machine market growth in the forthcoming years. The standardization of machinery is set to become an easy task with the introduction of clean packaging operations.

It provides a wide range of benefits, such as ease of maintenance and troubleshooting. The flourishing e-commerce sector and the high demand for packaged food and beverages across the globe are two of the major factors that are estimated to drive the market.

The ongoing development of numerous automation techniques owing to the integration of upstream manufacturing processes and packaging machines is likely to push the sales of bundling machines in the evaluation period. The increasing usage of bundling machines for several types of applications, such as containers, plies, cartons, corrugated boxes, and other packages is estimated to bode well for the market.

The ability of these machines to surge the convenience, as well as the overall efficiency of the shipping of products, is also set to accelerate the bundling machine market size. These machines enable bulk storage of products, thereby reducing the cost. The rising utilization of these machines for wrapping purposes by those manufacturers who prefer the functionality of packaging more than its appearance is estimated to augment the market.

A noticeable shift towards sustainability within the construction industry has led to an increased demand for bundling solutions to minimize environmental impact. Bundling machines address this demand by utilizing eco-friendly materials and optimizing packaging to reduce waste.

Bundling machines with eco-friendly straps fulfils the sustainable goals of companies and businesses. Stretch wrapping machines equipped with biodegradable film offer eco-conscious packaging solutions. For instance, Mosca at the Drupa 2024 event showcased its Sonic TRI-connect strapping machine, which uses a combination of PP and paper-based straps as an alternative to traditional plastic straps.

Market Concentration

Tier 1 companies comprise market leaders with market revenue of above USD 250 million capturing a significant market share of 20% to 30% in the global market. These market leaders are distinguished by their extensive expertise in manufacturing across multiple types of machinery for different applications and a broad geographical reach, underpinned by a robust consumer base.

They provide a wide range of products and solutions for multiple industries and have extensive distribution and service networks across the globe. Prominent companies within Tier 1 include Signode Industrial Group LLC, Chang Yong Machinery Co. Ltd., and Samuel, Son & Co.

Tier 2 companies include mid-size players with revenue of USD 40 to 250 million having presence in specific regions and highly influencing the local market. These are characterized by a nominal presence overseas and well maintained market knowledge.

These market players have good technology but not the most advanced one and provide certain types of bundling machines for specific industries. Prominent companies in tier 2 include Mosca GmbH, Polychem Corporation, Cyklop Nederland B.V., Felins, Inc., A.R.C. (Atelier de Recherches et de Conceptions), FROMM Group, Bandall Inc. and many more.

Tier 3 includes the majority of small-scale companies operating at the local presence and serving niche markets having revenue below USD 40 million. These companies are notably oriented towards fulfilling local market demands and are consequently classified within the tier 3 share segment.

They are small-scale players and have limited geographical reach. Tier 3, within this context, is recognized as an unorganized market, denoting a sector characterized by a lack of extensive structure and formalization when compared to organized competitors.

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Comparative View of Adjacent Industries

The section below compares two industries in the packaging division, namely, the shrink bundling machine industry and the shrink wrapping machines industry. The tables below include factors influencing growth in each industry, the CAGR through 2034, and trends.

Global Shrink Bundling Machine Industry Assessment:

The e-commerce boom has vast implications for the packaging realm. As consumer goods and packaged food item demand moves along at a rapid pace, there is a need for efficient packaging machines. These machines streamline the packaging process, while at the same time offering bulk quantities of goods ready to reach consumers.

The e-commerce boom is not restricted to food products. The use of e-commerce websites for pharmaceutical and healthcare products is also necessary for the use of these machines.

Attributes Description
Related Market Shrink Bundling Machine Market
CAGR (2024 to 2034) 3.2%
Growth Factor The e-commerce boom has increased the need for secure and cost-effective packaging solutions
Key Trend The incorporation of automation and smart technologies is a major trend

Global Shrink Wrapping Machines Industry Assessment:

The need for product shipping and transportation to reach a wider geographic customer base has resulted in rising demand for shrink-wrapping machines, which affects the shrink-wrapping machines market key trends and opportunities.

The demand for consumer goods, food, and beverages has increased as a result of rising disposable incomes among consumers in emerging economies, which is having an impact on the shrink-wrapping machines market future trends.

Attributes Description
Related Market Shrink Wrapping Machines Market
CAGR (2024 to 2034) 3.7%
Growth Factor Shrink wrapping enhances product visibility and shelf appeal, making it a preferred choice for packaging consumer goods
Key Trend A growing trend towards using biodegradable and recyclable shrink films

Country-wise Insights

The section below covers the industry analysis for the bundling machine market for different countries. Demand analysis on key countries in several regions of the globe, including North America, Asia Pacific, Western Europe, Eastern Europe, and others, is provided. The United States is anticipated to remain at the forefront in North America, with a value share of 78.2% through 2034. In South Asia Pacific, India is projected to witness a remarkable CAGR of 3.2% by 2034.

Countries Value CAGR (2024 to 2034)
United States 2.4%
Brazil 3.2%
Germany 1.3%
India 3.2%
United Kingdom 1.6%
Japan 1.8%
China 3.2%

United Kingdom Construction Boom Spurs Demand for Bundling Machines

The UK bundling machine market is poised to exhibit a value share of 18.8% of North America in 2024, further expanding over USD 184 million by 2034. The construction market in the UK is projected to experience significant growth. This growth is supported by an increased demand for construction materials such as timber, pipes, bricks, and insulation in the country.

Bundling machines, especially strapping machines, are essential in the efficient packaging of construction materials for transportation and storage. Bundling of the construction materials streamlines the bundling and shipping reducing labor-intensive work. Bundling machines including automatic strapping machines offer rapid bundling capabilities and minimize the reliance on manual labor.

The burgeoning construction sector in the UK creates significant opportunities for the bundling machine market, driven by the rising demand for efficient bundling solutions to support the transportation and storage needs of construction materials.

Rising E-commerce in Germany Drives Demand for Efficient Strapping Solutions

Germany's market is anticipated to grow at a CAGR of 1.3% throughout the forecast period, amounting to a valuation of USD 217.9 million by 2034. Growing e-commerce activity creates a pressing need for efficient packaging solutions.

E-commerce platforms like Amazon, Flipkart, eBay, Walmart, etc. handle and transport wide numbers of orders every day. These companies need to fulfill a fast delivery along with maintaining product safety which is generating the need for strapping machines.

Strapping machines bundle multiple packages together streamlining the transportation and reducing handling time. For example, a warehouse dealing with thousands of daily orders utilizes automated banding machines to efficiently prepare packages for dispatch. These machines ensure they are tightly secured and protected during transit.

High Finished Steel Consumption in India Push the Bundling Machine

India is projected to reach USD 560 million in revenue expanding at a 6.6% growth rate by the end of the assessment period. Increasing consumption of steel in India is anticipated to supplement the demand for bundling machines driven by the urbanization and expanding building and construction sector.

India is the largest crude steel producer which is likely to impact the demand for bundling machines in the country. The rising exports and imports of finished steel in India are contributing to the growth of bundling machines for safe and protected shipping. Increasing investment and government initiatives are also pushing the Indian steel industry growth which will generate a positive growth outlook for the bundling machines market.

Category-wise Insights

The section contains information about the leading segments in the industry. By bundling method, strapping is estimated to grow at a CAGR of 5.9% throughout 2034. Additionally, the food and beverage industry is projected to expand at 5.3% till 2034.

Strapping Method is Mostly Adopted in Bundling

Material Strapping
Value Share (2034) 53.2%

Strapping dominates the market in terms of revenue, accounting for more than 53% of the market share contributing USD 942.8 million incremental dollar opportunity through 2034. Strapping machines are widely used across logistics, manufacturing and distribution sectors for reliable and efficient package handling and shipping.

Strapping can also be used for plastic, metal, and composite materials. They secure products of different shapes and sizes making them versatile for numerous applications. The strapping method is inexpensive compared to other methods and requires less materials reducing packaging cost. Strapping machines are low maintenance, also provide high tensile strength and load stability.

Growing Demand for Food and Beverage Products

End Use Food and Beverage
Value Share (2034) 25%

The food and beverage sector is anticipated to account for a revenue of USD 1,430.1 million in the bundling machine market by 2034. It is also poised to expand at a CAGR of 2.8% across the forecast period. Food and beverage is a significant user of bundling machines for packaging multiple packages of products efficiently and securely.

These machines are used for bundling different products such as jars, cartons, cans, bottles, and other packaged food products. Proper bundling of food and beverage products protects them during shipping and storage. Food and beverage products are produced of higher quality which needs streamlined bundling and packaging processes for handling high volumes.

Competitive Landscape

The majority of the manufacturers operating in the global market are focusing on the development of automatic bundling machines that can make various packaging procedures easy. Some of the other key players are aiming to come up with manual machines for meeting numerous customer requirements.

Meanwhile, a few other firms are striving to broaden their pre-existing portfolios to generate more sales and attract a large customer base globally. Key manufacturers in the market are focusing on expanding their geographical presence, technological innovations, meeting sustainability goals, performing mergers and acquisitions, and improving customer service to maintain their competitive edge.

Recent Industry Developments in Bundling Machine Market

  • In October 2023, Signode and Repsol jointly developed the first post-consumer recycling solution for polypropylene strapping. The company has also introduced a new battery-powered tool for Sealless Steel Strapping in December 2022.
  • In September 2023, Cyklop completed the acquisition of Marchetti Packaging Srl, a well-established Italian packaging company. This acquisition strengthens Cyklop’s presence in the taping sector in Europe.

Key Players of Bundling Machine Industry

  • Signode Industrial Group LLC
  • Wulftec International Inc
  • Strapack Corporation
  • TPC Packaging Solutions
  • Landen Strapping
  • Dongguan Xutian Machine Co., Ltd.
  • Packway Inc.
  • Khosla Machines Pvt. Ltd.
  • Bandall Company
  • ATS-Tanner Banding Systems AG
  • Chang Yong Machinery Co., Ltd.
  • Fromm Group
  • Felins, Inc.
  • Polychem Corporation
  • Mosca GmbH
  • A.R.C. (Atelier de Recherches et de Conceptions)
  • Samuel Packaging Systems Group
  • Cyklop International
  • Madison Banders
  • American Strapping Company

Key Segments of Bundling Machine Industry

By Automation Type:

In terms of automation type, the industry is divided into automatic, semi-automatic, and manual.

By Size:

In terms of size, the industry is segregated into table top, floor standing, heavy duty, and customized.

By Process:

In terms of process, the industry is segregated into continuous motion, intermittent motion, and custom.

By Method:

In terms of method, the industry is segregated into tying, banding, and strapping.

By End-use:

The industry is classified by end use industries as consumer goods, food and beverage, cosmetics and personal care, building and construction, pharmaceutical, and others.

By Region:

Key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and Middle East and Africa (MEA) have been covered in the report.

Frequently Asked Questions

What is the future of global bundling machine industry?

The global bundling machine industry is projected to witness CAGR of 3.4% between 2024 and 2034.

What was the worth of the global bundling machine industry in 2023?

The global bundling machine industry stood at USD 3,979.5 million in 2023.

What will the worth of global bundling machine industry by 2034?

The global bundling machine industry is anticipated to reach USD 5,721.3 million by 2034.

Which region to showcase the highest CAGR during forecast period?

South Asia Pacific is set to record the highest CAGR of 5.9% in the assessment period.

Who are some prominent manufacturer of global bundling machine industry?

Signode Industrial Group LLC, Chang Yong Machinery Co., Ltd., and Samuel, Son & Co.

Table of Content

1. Executive Summary

2. Industry Introduction

    2.1. Market Taxonomy

    2.2. Market Definition

3. Market Trends and Success Factors

4. Market Background

    4.1. Macro-economic and Industry Outlook

    4.2. Market Dynamics

    4.3. Value Chain Analysis

    4.4. List of Key Market Participants (Manufacturers/Channel Partners)

    4.5. Analysis of Key Industry Matrices

    4.6. Industry Development Roadmap

5. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034

    5.1. Historical Market Volume Analysis

    5.2. Future Market Volume Projections

6. Pricing Analysis

7. Global Market Value (USD) Analysis 2019 to 2023 and Forecast 2024 to 2034

    7.1. Historical Sales Analysis

    7.2. Future Market Size and Growth Projections

8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Automation Type

    8.1. Automatic

    8.2. Semi-Automatic

    8.3. Manual

9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Size

    9.1. Tabletop

    9.2. Floor-Standing

    9.3. Heavy-Duty

    9.4. Customized

10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Method

    10.1. Tying

    10.2. Banding

    10.3. Strapping

11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Process

    11.1. Continuous Motion

    11.2. Intermittent Motion

    11.3. Custom

12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use

    12.1. Consumer Goods

    12.2. Food & Beverage

    12.3. Cosmetics and Personal care

    12.4. Building & Construction

    12.5. Pharmaceuticals

    12.6. Others (Textile, Automotive, etc.)

13. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region

    13.1. North America

    13.2. Latin America

    13.3. Western Europe

    13.4. Eastern Europe

    13.5. East Asia

    13.6. South Asia & Pacific

    13.7. Middle East and Africa (MEA)

14. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country

15. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country

16. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country

17. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country

18. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country

19. Middle East and Africa (MEA) Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country

20. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country

21. Sales Analysis 2024 & 2034 by Key Market Segments for 30 Countries

22. Competition Outlook including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard

23. Company Profile

    23.1. Signode Industrial Group LLC.

    23.2. Wulftec International Inc.

    23.3. Strapack Corporation

    23.4. TPC Packaging Solutions

    23.5. Landen Strapping

    23.6. Dongguan Xutian Machine Co., Ltd.

    23.7. Packway Inc.

    23.8. Khosla Machines

    23.9. Bandall Company

    23.10. ATS-Tanner Banding Systems AG

    23.11. Chang Yong Machinery Co., Ltd.

    23.12. Fromm Group

    23.13. Felins, Inc.

    23.14. Polychem Corporation

    23.15. Mosca GmbH

    23.16. A.R.C. (Atelier de Recherches et de Conceptions)

    23.17. Samuel Packaging Systems Group

    23.18. Cyklop International

    23.19. Madison Banders

    23.20. American Strapping Company



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