NEW YORK, United States, May 12, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Raffia Tape Stretching Line Market By Machine Type (Hot Air Oven With Stretching Unit, Extruder With “T” Die, Inverter Cheese Winder, And Take Up Nip Roll Withholding Unit), By Output Capacity (700 G/Hr, 451–700 Kg/Hr, 151–450 Kg/Hr, And 80–150 Kg/Hr), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global Raffia Tape Stretching Line Market size & share in terms of revenue was valued at USD 6312.2 million in 2022 and it is expected to surpass around USD 11745.5 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 8.24% during the forecast period 2023 to 2030.”
What is Raffia Tape Stretching Line? How big is the Raffia Tape Stretching Line Industry?
Report Overview:
Raffia tape stretching line is a machine for making raffia tape, which are polypropylene ribbons that are thin and flat. The machine extends and tempers the tapes to work on their solidarity and sturdiness, bringing about an item that is great for use in the development, bundling, and horticulture ventures.
This machine comprises a few parts, including a take-up unit, a preheating unit, an extending unit, and a winding unit.
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Report Scope
| Report Attribute | Details |
| Market Size in 2022 | USD 6312.2 Million |
| Projected Market Size in 2030 | USD 11745.5 Million |
| CAGR Growth Rate | 8.24% CAGR |
| Base Year | 2022 |
| Forecast Years | 2023-2030 |
| Key Market Players | Starlinger & Co. Gesellschaft m.b.H., Polystar Machinery Co., Ltd., Bandera Luigi Costruzioni Meccaniche S.p.A., Hengyang Huayi Machinery Co., Ltd., Ruian Xinye Packaging Machine Co., Ltd., Kung Hsing Plastic Machinery Co., Ltd., Zhejiang Tianfeng Plastic Machinery Co., Ltd., Qingdao Leader Machinery Co., Ltd., SML Maschinengesellschaft mbH, Lohia Corp Limited, J P Industries, Windmöller & Hölscher KG, Chyi Yang Industrial Co., Ltd., Jinhu Group. |
| Key Segment | By Machine Type, By Output Capacity, And By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
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Global Raffia Tape Stretching Line Market: Growth Factors
The cycle includes taking care of the polypropylene material through the machine, which extends the material to the ideal width and thickness. The finished product is wound onto a spool or roll after that. Manufacturers who want to produce high-quality raffia tapes with consistent properties and excellent performance need the raffia tape stretching line.
The increasing demand for polypropylene-based products in construction, packaging, and agriculture is driving the global raffia tape stretching line market. Manufacturers are able to expand their product lines and enter new markets thanks to the machine’s capacity to produce strong, long-lasting, high-quality raffia tapes that meet industry standards.
The industry’s development of cutting-edge technologies and automation is also contributing to the expansion of the market. However, many manufacturers continue to face difficulties due to the high initial costs of purchasing and operating the machine. Furthermore, the natural effect of creating and discarding plastic-based items is a developing concern, prompting expanded interest for eco-accommodating other options. The raffia tape stretching line industry’s continued expansion and success will depend on overcoming these obstacles and implementing environmentally friendly manufacturing methods.
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Raffia Tape Stretching Line Market: Segmentation Analysis
The global raffia tape stretching line market is segmented based on machine type, output capacity, and region.
Based on machine type, the global raffia tape stretching line market is segmented into hot air oven with stretching unit, extruder with “T” die, inverter cheese winder, and take up nip roll withholding unit. The extruder with “T” die segment is predicted to cite the fastest growth during the forecast period. This is mainly due to the remarkable surge in demand for sustainable and eco-friendly products in numerous industries across the globe. Besides, the intrinsic ability of extruder with “T” die to create good quality raffia tapes with adequate thickness and width further drives the growth of the segment during the forecast period.
Based on output capacity, the global market is segmented into 700 g/hr, 451–700 kg/hr, 151–450 kg/hr, and 80–150 kg/hr. The 151–450 kg/hr segment held the fastest CAGR in 2022 and is further predicted to grow rapidly during the forecast period. The rising demand for raffia tapes in a variety of sectors, including packaging, agriculture, and construction, is the primary driver of this expansion.
The capacity of machines in this section to deliver an enormous volume of raffia tapes in a more limited time span is a key element adding to its development. The 151-450 kg/hr segment’s expansion is anticipated to be further accelerated by the availability of advanced machines with increased production capacities and efficiency. Manufacturers will likely be able to meet the rising demand for raffia tapes in a cost-effective manner through this market segment.
The global Raffia Tape Stretching Line market is segmented as follows:
By Machine Type
- Hot Air Oven with Stretching Unit
- Extruder With “T” Die
- Inverter Cheese Winder
- Take Up Nip Roll Withholding Unit
By Output Capacity
- 700 g/hr, 451–700 kg/hr
- 151–450 kg/hr
- 80–150 kg/hr
Browse the full “Raffia Tape Stretching Line Market By Machine Type ( Hot Air Oven With Stretching Unit, Extruder With “T” Die, Inverter Cheese Winder, And Take Up Nip Roll Withholding Unit), By Output Capacity (700 G/Hr, 451–700 Kg/Hr, 151–450 Kg/Hr, And 80–150 Kg/Hr), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030”-Report at https://www.zionmarketresearch.com/report/raffia-tape-stretching-line-market
Competitive Landscape
Some of the main competitors dominating the global Raffia Tape Stretching Line market include –
- Starlinger & Co. Gesellschaft m.b.H.
- Polystar Machinery Co. Ltd.
- Bandera Luigi Costruzioni Meccaniche S.p.A.
- Hengyang Huayi Machinery Co. Ltd.
- Ruian Xinye Packaging Machine Co. Ltd.
- Kung Hsing Plastic Machinery Co. Ltd.
- Zhejiang Tianfeng Plastic Machinery Co. Ltd.
- Qingdao Leader Machinery Co. Ltd.
- SML Maschinengesellschaft mbH
- Lohia Corp Limited
- J P Industries
- Windmöller & Hölscher KG
- Chyi Yang Industrial Co. Ltd.
- Jinhu Group.
Key Insights from Primary Research:
- According to the analysis shared by our research analyst, the Raffia Tape Stretching Line market is likely to expand at a CAGR of around 8.24% during the forecast period (2023-2030).
- In terms of revenue, the Raffia Tape Stretching Line market size was valued at around US$ 6312.2 million in 2022 and is projected to reach US$ 11745.5 million by 2030.
- The market is projected to grow at a significant rate due to the growing demand for sustainable packaging.
- Based on output capacity segmentation, 51–450 kg/hr was predicted to show maximum market share in the year 2022.
- Based on machine type segmentation, an extruder with “T” die was the leading type in 2022.
- On the basis of region, Asia-Pacific was the leading revenue generator in 2022.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Raffia Tape Stretching Line industry?
- What are the main driving factors propelling the Raffia Tape Stretching Line Market forward?
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- What segments does the Raffia Tape Stretching Line Market cover?
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Key Offerings:
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Machine Type, By Output Capacity, And By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
The Asia-Pacific region held the dominating raffia tape stretching line market share in 2022 and is further projected to grow exponentially during the forecast period. The growth is driven by several factors including increasing demand for raffia tapes in the construction, agriculture, and packaging industries. Rapid industrialization, urbanization, and infrastructure development projects in countries such as China, India, and Southeast Asian countries are driving the demand for raffia ribbons. The increasing focus on sustainable and environmentally friendly production methods is also expected to boost the adoption of raffia tape stretching lines in the region. In addition, availability of cheap labor, favorable government policies, and the presence of several key players in the region further fuel the growth of the raffia tape industry market in the Asia Pacific region.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Recent Developments
- In 2019 Starlinger launched recoSTAR PET, a new advanced ribbon stretching machine. The machine can produce high-quality raffia ribbons from recycled PET material, making it an eco-friendly and sustainable option for manufacturers.
- In 2020, Lohia Corp launched a new raffia ribbon drafting line, Optima-1050. It is capable of producing up to 1,000 kg/h of raffia ribbon with a maximum width of 1,050 mm. The machine is designed for high efficiency, low power consumption and easy maintenance, making it an attractive choice for manufacturers.
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FREQUENTLY ASKED QUESTIONS:
- What is raffia tape stretching line?
- Which key factors will influence raffia tape stretching line market growth over 2023-2030?
- What will be the value of the raffia tape stretching line market during 2023-2030?
- What will be the CAGR value of the raffia tape stretching line market during 2023-2030?
- Which region will contribute notably towards the raffia tape stretching line market value?
- Which are the major players leveraging the raffia tape stretching line market growth?
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