PUBLISHER: The Business Research Company | PRODUCT CODE: 1539757
PUBLISHER: The Business Research Company | PRODUCT CODE: 1539757
A packaging tensioner is a tool designed to apply and maintain tension in strapping materials, such as plastic or metal bands, around packages or pallets to secure them for transportation. Its function ensures that the straps are tightly bound, minimizing movement and potential damage during shipping, thus preserving the integrity of packaged goods across various industries.
Packaging tensioners are made from different materials including plastic, polyester, polypropylene, metal, steel, and aluminum. Plastic packaging tensioners, specifically, are tools crafted from plastic materials used to apply tension to packaging straps, ensuring packages are securely fastened. These tools can be operated manually or powered by batteries, serving a wide range of end-users including food and beverage, pharmaceuticals, chemicals, construction, agriculture, automotive, logistics, homecare, and other sectors.
The packaging tensioner market research report is one of a series of new reports from The Business Research Company that provides packaging tensioner market statistics, including packaging tensioner industry global market size, regional shares, competitors with a packaging tensioner market share, detailed packaging tensioner market segments, market trends and opportunities, and any further data you may need to thrive in the packaging tensioner industry. This packaging tensioner market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The packaging tensioner market size has grown steadily in recent years. It will grow from 1.03 billion in 2023 to $1.07 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to several factors including the Industrial Revolution, advancements in materials technology, the expansion of the automotive industry, global trade growth, a boom in consumer goods, increasing demand for pharmaceutical products, and heightened concerns for worker safety.
The packaging tensioner market size is expected to see steady growth in the next few years. It will grow to $1.28 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. In the forecast period, growth can be attributed to increasing market demand for packaged goods, the rapid expansion of e-commerce, ongoing technological advancements, regulatory changes impacting industries, evolving supply chain dynamics, and overall industry growth. Significant trends expected during this period include the adoption of automation and smart technologies, a shift towards sustainability and the use of eco-friendly materials, emphasis on ergonomic design, enhanced digital connectivity, focus on energy efficiency, and the integration of enhanced safety features.
The expansion of e-commerce is poised to drive growth in the packaging tensioner market moving forward. E-commerce refers to the buying and selling of goods and services online, typically through websites and digital platforms. The surge in e-commerce is driven by factors such as convenience, a wide range of product choices, competitive pricing, and evolving consumer preferences favoring online shopping. Packaging tensioners play a crucial role in e-commerce by securing goods during shipping, preventing damage, and ensuring product safety. They help maintain the integrity of packages, thereby enhancing customer satisfaction by delivering items in pristine condition. For example, in May 2024, the United States Census Bureau reported that U.S. retail e-commerce sales for the first quarter of 2024 reached $289.2 billion, showing a 2.1 percent (+-0.7%) increase from the fourth quarter of 2023. Therefore, the expansion of e-commerce is a key driver of growth in the packaging tensioner market.
The increasing requirements in pharmaceutical packaging are also expected to propel growth in the packaging tensioner market moving forward. Pharmaceutical packaging involves securely enclosing pharmaceutical products in appropriate containers to ensure their protection, integrity, and stability during storage, transport, and use. The demand for pharmaceutical packaging is rising due to global healthcare needs, stringent regulatory standards, and the necessity for safe and efficient drug delivery systems. Packaging tensioners are utilized in pharmaceutical packaging to securely strap and seal containers, ensuring product integrity and compliance with safety regulations. For instance, in June 2023, the European Federation of Pharmaceutical Industries and Associations (EFPIA) reported that total pharmaceutical production in Europe amounted to $384,200 million (€340,000 million) in 2022, marking an increase of approximately 4.95% from €323,950 million in 2021. Hence, the growing requirements in pharmaceutical packaging are driving growth in the packaging tensioner market.
Leading companies in the packaging tensioner market are focusing on developing innovative products, such as battery-operated tensioners, to enhance efficiency, reduce manual labor, and improve safety in the packaging process. Battery-operated tensioners are devices used to apply tension to strapping materials such as polypropylene or polyester in packaging applications. For example, in February 2022, Signode, a U.S.-based manufacturer of packaging equipment and tools, launched its BPT Steel Strapping Hand Tool. This battery-operated tool features a balanced, lightweight design suitable for various steel strapping applications, including heavy-duty stationary or mobile uses requiring high-tension force. The BPT Steel Strapping Hand Tool represents a specialized packaging tensioner and sealer designed to offer advanced capabilities compared to traditional manual or pneumatic tools.
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 Industries, Inc., 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
North America was the largest region in the packaging tensioner market in 2023. The regions covered in the packaging tensioner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the packaging tensioner market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The packaging tensioner market consists of sales of pneumatic tensioners, combination tools, and automatic tensioners. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Packaging Tensioner Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on packaging tensioner market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for packaging tensioner ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The packaging tensioner market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.