What Fueled The Previous Growth In The Packaging Tensioner Market?
The packaging tensioner market has seen considerable growth due to a variety of factors.
• The packaging tensioner market has grown at a steady pace in recent years. It is expected to rise from $1.07 billion in 2024 to $1.12 billion in 2025, at a compound annual growth rate (CAGR) of 4.7%.
This growth is attributed to the Industrial Revolution, material innovations, the expansion of the automotive industry, the global trade boom, and rising demand for pharmaceutical products.
What Is The Expected Growth In The Packaging Tensioner Market Size Evolve over the Forecast Period?
The packaging tensioner market is expected to maintain its strong growth trajectory in upcoming years.
• The packaging tensioner market is forecast to grow to $1.33 billion by 2029, at a CAGR of 4.4%.
Growth is driven by the increasing demand for packaged goods, e-commerce expansion, technological advancements, regulatory changes, supply chain dynamics, and industry growth. Key trends include automation and smart technology, eco-friendly materials, ergonomic design, digital connectivity, energy efficiency, and enhanced safety features.
What Main Forces Are Fueling Expansion In The Packaging Tensioner Market?
The packaging tensioner market's growth is anticipated to be accelerated by the flourish of e-commerce. When we talk about e-commerce, we're referring to the internet-based system of purchasing and selling goods and services, usually via websites and digital platforms. Factors such as convenience, abundant product choices, competitive prices, and the shift in consumer preferences towards online shopping contribute to the growth of e-commerce. One of the essential tools used in e-commerce is packaging tensioners, which safeguard the goods in transit and avoid damage, ensuring product security. They contribute to maintaining the packages' integrity, boosting customer satisfaction as items are delivered in optimal condition. For example, the United States Census Bureau - a government agency of the US - reported in May 2024 that after making adjustments for seasonal variation, the sales in the U.S. retail e-commerce sector for the first quarter of 2024 achieved a total of $289.2 billion. This demonstrates a rise of 2.1 percent (±0.7%), in comparison to the last quarter of 2023. Consequently, the growth of e-commerce is firing up the expansion of the packaging tensioner market. Packaging Tensioner Market Driver: Surge in Pharmaceutical Packaging Requirements Powers The Packaging Tensioner Market
What Are The Primary Segments In The Global Packaging Tensioner Market?
The packaging tensioner market covered in this report is segmented –
1) By Material: Plastic, Polyester, Polypropylene, Metal, Steel, Aluminum
2) By Operation: Manual, Battery-operated
3) By End-User: Food And Beverages, Pharmaceuticals, Chemicals, Building And Construction, Agriculture, Automotive, Logistics And Transportation, Homecare, Other End-Users
Subsegments:
1) By Plastic: High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polyvinyl Chloride (PVC), Polycarbonate, Polystyrene, Polyester
2) By Polyester: PET (Polyethylene Terephthalate), Recycled Polyester, High-Strength Polyester
3) By Polypropylene: Biaxially Oriented Polypropylene (BOPP), Cast Polypropylene (CPP), Coated Polypropylene
4) By Metal: Zinc-Plated Steel, Galvanized Steel, Stainless Steel, Brass, Copper
5) By Steel: Carbon Steel, Stainless Steel, Galvanized Steel
6) By Aluminum: Anodized Aluminum, Aluminum Alloy, Cast Aluminum
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How Are Emerging Trends Reshaping The Dynamics Of The Packaging Tensioner Market?
Leading corporations in the packaging tensioner marketplace are coming up with novel products, such as battery-powered tensioners, to heighten productivity, decrease manual labour, and ensure safety during the packaging process. Battery-powered tensioners are gadgets utilized in packaging for exerting tension on strapping materials such as polypropylene or polyester. For instance, Signode, a manufacturing firm based in the United States and focused on packaging equipment and tools, introduced its new BPT Steel Strapping Hand Tool in February 2022. This battery-powered tool features an evenly-weighted and light construction, which is ideal for numerous steel strapping operations, including sturdy stationary or mobile applications that need high-tension force. The BPT Steel Strapping Hand Tool is a specialized packaging tensioner and sealer created for steel strapping applications, providing a host of superior features and abilities in comparison to traditional manual or pneumatic tools.
Who Are the Key Players In The Packaging Tensioner Market?
Major companies operating in the packaging tensioner market are:
• Uline Inc.
• Samuel Packaging Systems Group
• MJ Maillis Group
• Lantech
• Polychem Corporation
• Signode Industrial Group
• Dynaric Inc.
• EAM-Mosca Corporation
• Cyklop International
• Schneider Packaging Equipment Co.Inc.
• ATS-Tanner Banding Systems AG
• Orgapack
• Highlight IndustriesInc.
• Plasticband S.A.
• MeadWestvaco Corporation (MWV)
• Fromm Packaging Systems
• Packline USA
• StraPack Inc.
• Phoenix Wrappers
• Transpak Equipment Corp.
• Venus Packaging
• Cousins Packaging Inc.
• Felins USA Inc.
• Complete Packaging Systems
• Get Packed Pty Ltd
• ITATOOLS Srl
What Is The Most Dominant Region In The Packaging Tensioner Market?
North America was the largest region in the packaging tensioner market in 2024. The regions covered in the packaging tensioner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
