Strip Packing Machine Market Report | Strip Packing Machine Market Analysis, Trends, Growth Opportunities, and Forecast, 2023-2030

The global strip packing machine market is expected to approach US$ 431.8 million by 2030, with an annual growth rate of more than 5.6%

Global Strip Packing Machine Market was valued at US$ 295.7 million in 2023 and is expected to grow at a significant CAGR of over 5.6% over the forecast period of 2023-2030, according to the published market report by RationalStat

Market Definition, Market Scope, and Report Overview

The expansion of pharmaceutical industry is anticipated to drive significant demand within strip packing machine market. In addition, the stringent regulations to be followed in the pharmaceutical industry is further anticipated to augment the demand for strip packing machines. The strip packing machine finds multiple applications in pharma industry including, unit-dose packaging of tablets, capsules, and other medication forms.

Moreover, advancements in technology including, integration of smart features, enhanced materials, among others has further increased the production capacity and sustainability in the strip packing machines. Furthermore,

• According to a deep-dive market assessment by RationalStat, the global strip packing machine market has been analyzed on the basis of market segments, including type, operating principle, application, packaging material, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global strip packing machine market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the global strip packing machine market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Strip Packing Machine Market: Segmental and Market Share Analysis

• On the basis of application, pharmaceutical is anticipated to dominate the strip packing machine market.
Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 295.7 billion
Market Size Forecast US$ 431.8 million
Growth Rate 5.6%

Key Market Drivers

• Expanding pharmaceutical industry
• Stringent regulations in pharmaceutical
• Advancements in technology

Companies Profiled

• Marchesini Group
• Bosch Packaging Technology
• IMA Group
• Korber AG
• Maruho Hatsujyo Kogyo
• Uhlmann Pac Systeme GmbH
• Romaco Pharmatechnik GmbH
• Ivarson
• CAM Packaging Solutions
• SaintyTec
• Lodha International
• Gansons
• Kwang Dah Enterprises

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global strip packing machine market include,

• In October 2023, Marchesini entered into a partnership agreement with OcyonBio, a contract development and manufacturing organization. The partnership agreement involves OcyonBio purchasing Marchesini's filling and packaging equipment.

Some of the prominent players and suppliers operating and contributing significantly to the global strip packing machine market growth include Marchesini Group, Bosch Packaging Technology, IMA Group, Korber AG, Maruho Hatsujyo Kogyo, Uhlmann Pac Systeme GmbH, Romaco Pharmatechnik GmbH, Ivarson, CAM Packaging Solutions, SaintyTec, Lodha International, Gansons, and Kwang Dah Enterprises, among others.

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RationalStat has segmented the global strip packing machine market based on type, operating principle, application, packaging material, and region
• Global Strip Packing Machine Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
o Vertical Strip Packing Machine
o Horizontal Strip Packing Machine
• Global Strip Packing Machine Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Operating Principle
o Continuous Motion
o Intermittent Motion
• Global Strip Packing Machine Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
o Food & Beverage
o Pharmaceutical
o Consumer Goods
o Others
• Global Strip Packing Machine Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Packing Material
o Aluminum
o PVC
o PVDC
o Others
• Global Strip Packing Machine Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
o North America Strip Packing Machine Market
 US
 Canada
o Latin America Strip Packing Machine Market
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Strip Packing Machine Market
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Strip Packing Machine Market
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Strip Packing Machine Market
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Strip Packing Machine Market
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Strip Packing Machine Report:
• What will be the market value of the global strip packing machine market by 2030?
• What is the market size of the global strip packing machine market?
• What are the market drivers of the global strip packing machine market?
• What are the key trends in the global strip packing machine market?
• Which is the leading region in the global strip packing machine market?
• What are the major companies operating in the global strip packing machine market?
• What are the market shares by key segments in the global strip packing machine market?

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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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Contact
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Kimberly Shaw,
Content and Press Manager
sales@rationalstat.com
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

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