Global Raffia Tape Stretching Line Market Is Predicted to Grow Around USD 11745.5 Million By 2030

11-May-2023 | Zion Market Research

The global raffia tape stretching line market size was worth around USD 6312.2 Million in 2022 and is predicted to grow to around USD 11745.5 Million by 2030 with a compound annual growth rate (CAGR) of roughly 8.24% between 2023 and 2030.

Global Raffia Tape Stretching Line Market Size

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.

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.

Global Raffia Tape Stretching Line Market

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.

Based on region, 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.

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

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.

The global raffia tape stretching line market is dominated by players such as:

  • 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.

The global raffia tape stretching line market is segmented:

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

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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