Sealing & Strapping Packaging Tapes Market Scope

Sealing & Strapping Packaging Tapes Market is a growing industry, driven by the increasing demand for these tapes in various end-use industries. These tapes can be made from a variety of materials, such as polypropylene, polyester, and nylon, and are used in a wide range of industries, including food and beverage, healthcare, and e-commerce. The market for these tapes is expected to grow in the coming years due to increasing demand for packaged goods and the growing e-commerce industry. Factors such as the increasing demand for sustainable packaging solutions may also drive market growth. The sealing & strapping packaging tapes market is projected to grow from USD 17.4 billion in 2018 to USD 22.1 billion by 2023, recording a CAGR of 4.89%.

The report highlights key market dynamics of the sector and encompasses historic data, present market trends, environment, technological innovation, upcoming technologies, and technical progress in the related industry. Moreover, the Sealing & Strapping Packaging Tapes report also contains all the information including market definition, classifications, key developments, applications, and engagements while detailing the actions of key players with respect to product launches, joint ventures, developments, mergers, and acquisitions and effects of the same in terms of sales, import, export, revenue and CAGR values. The report on the Sealing & Strapping Packaging Tapes market provides an in-depth analysis of market trends, drivers, retirees, opportunities, etc. Along with accurate information, this report includes quantitative analyses of numerous market segments in terms of share, growth, opportunity analysis, market value, etc. for the recent years.

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Sealing & Strapping Packaging Tapes Market Dynamics

Driver: Wide acceptance of packaging tapes due to ease of applicability

Restraint: Rise in raw material prices

Opportunity: Emerging economies in the Asia Pacific region

Challenge: Stringent government regulations reshaping the packaging tapes market 

Sealing & Strapping Packaging Tapes Market Key Players

• Avery Dennison Corporation (US)
• 3M Company (US)
• Nitto Denko Corporation (Japan)
• Intertape Polymer Group (Canada)
• Tesa SE (Germany)
• Scapa Group plc (UK)
• Shrutapes Technologies (US)
• Nichiban (Japan)
• Mactac (US)
• Wuhan Huaxia Nanfeng Adhesive Tapes (China).

Sealing & Strapping Packaging Tapes Market Segmentation

The Sealing & Strapping Packaging Tapes Market can be segmented based on material, adhesive, application and geography.

By Material

• Paper
• Polypropylene
• Polyvinyl Chloride
• Others

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The polypropylene segment is estimated to witness the fastest growth during the forecast period

The polypropylene segment is estimated to be the fastest-growing segment in the market during the forecast period. The sealing & strapping packaging tapes market is witnessing a high demand due to the various benefits of polypropylene in sealing & strapping packaging tapes, such as high abrasion, impact-resistant, water-resistant, and high flexibility. In addition, it’s a wide range of applications in various end-use sectors for packaging and secure transport of goods and products in the supply chain have also contributed to its high growth.

By Type of Adhesive

• Acrylic
• Rubber-Based
• Silicone
• Others

By Application

• Carton Sealing Tapes
• Strapping & Building

The carton sealing tapes segment is estimated to account for the largest share in the sealing & strapping packaging tapes market

The sealing & strapping packaging tapes market is segmented as carton sealing tapes and strapping & bundling, in terms of application. The carton sealing tapes segment accounted for the largest share in 2018, as it is a widely used packaging tape, which is more economical and can be used over all types of packaging, which includes primary, secondary, and tertiary packaging products. 

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By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Spain
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • Turkey
  • South Africa
  • Rest of the Middle East & Africa
• South America
  • Brazil
  • Argentina
  • Rest of South America

The Asia Pacific region is projected to account for the largest share in the sealing & strapping packaging tapes market in 2023

The emerging economies such as China and India in the Asia Pacific region are projected to drive the sealing & strapping packaging tapes market. China is projected to account for the largest market share and dominate the Asia Pacific sealing & strapping packaging tapes market throughout 2023. In addition, factors such as strong government support, rapid economic development, availability of raw materials, and cheap labor cost are driving the demand for the packaging industry in the region. The growing use of these tapes in the packaging industry is projected to drive the demand for sealing & strapping packaging tapes in emerging countries of Asia Pacific.

Reasons for Buying this Report

• This report provides pin-point analysis for changing competitive dynamics.
• It provides a forward-looking perspective on different factors driving or restraining market growth
• It provides a six-year forecast assessed based on how the market is predicted to grow
• It helps in understanding the key product segments and their future
• It provides pinpoint analysis of changing competition dynamics and keeps you ahead of competitors
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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