Packaging Tensioner Market: Size & Share | Industry Trends Analysis Report for 2033

ByNiranjan karde

The global packaging tensioner market is poised for substantial growth, with a projected market size of US$ 1.5 billion by 2033, driven by a steady CAGR of 3.2% from 2023. The surge is attributed to the booming e-commerce and online retail sector, where efficient and secure packaging solutions are imperative.

Packaging tensioners play a crucial role in ensuring tight and secure wrapping of goods, vital for safe product transportation. As e-commerce businesses prioritize positive customer experiences and cost reduction associated with damages, returns, and dissatisfaction, the demand for packaging tensioners is expected to rise in parallel with the continued expansion and diversification of the e-commerce industry.

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As the food industry continues to expand, the need for efficient packaging solutions, including tensioners, becomes increasingly critical. This surging demand for innovative packaging technologies is expected to propel the U.S. packaging tensioner market to new heights in the foreseeable future. The market’s growth prospects are further reinforced by the broader packaging industry’s overall expansion in the United States, making it a pivotal sector to watch as it contributes to the country’s economic development and employment opportunities.

The market’s positive growth trajectory is driven by the increasing necessity for securing bulk products during transportation, as highlighted by FMI’s analysis, which predicts an incremental opportunity of US$609.8 million in 2022. The burgeoning demand for strapping across sectors like food & beverage and chemicals is expected to drive sales further, potentially propelling the market to 1.6 times its current value over the forecast period.

In the U.S., the packaging tensioner market grew by 1.9% YoY in 2021, with sales set to reach around US$172 million by 2022.

Rising application of packaging tensioners in food & beverages for packaging food products, healthcare products, e-commerce logistics and electronics packaging solutions will boost the market.

Besides this, growing adoption of rigid packaging in several industries is expected to create conducive environment for strapping tensioners market players. On the back of increasing demand for automatic tensioners and safer packaging solutions, the demand in the packaging tensioner market is projected to rise at a healthy rate over the assessment period.

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Packaging Tensioner Market by Category

By Material:

  • Plastic
    • Polyester
    • Polypropylene
  • Metal
    • Steel
    • Aluminium

By Operation:

  • Manual
  • Battery-operated

By End Use:

  • Food & Beverages
  • Pharmaceuticals
  • Chemicals
  • Building & Construction
  • Agriculture
  • Automotive
  • Logistics & Transportation
  • Homecare
  • Others (Textile, Cosmetics & Personal Care)

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania