Overview

Sealing and Strapping Packaging Tapes Market Introduction

Sealing and strapping packaging tapes market estimated to value over USD 22 billion by 2027 end and record a CAGR of over 4% from 2020 to 2027.

Sealing & strapping tapes help in bearing huge weight and the tapes are perfect for general packaging, bundling and color coding. The tapes offer good strength, extended shelf life and better adhesion property. Based on application area the market is further segmented into strapping & bundling and carton sealing. It provides wonderful adhesion and excellent waterproofing. The excellent waterproofing and strong adhesion has led to more end-user industries using adhesive-based tapes.

The increased use of carton and growth of the packaging industry is accelerating the growth of the market. Gradual increase in clothing such as chemical protection of garments is driving the growth of the market.
However, rising stringent laws based on the reshaping of adhesive-based packaging tapes is hindering the growth of the market.

Asia Pacific region is forecasted to witness the fastest growth followed by North America and Europe. Rest of the world and Latin America is expected to account significant share in global wrap-around labels market due to increasing adoption.

Key Market Players are:

Intertape Polymer Group, 3M Company, Nitto Denko Corporation, Scapa Group, Nichiban and Avery Dennison Corporation.
Sealing and Strapping Packaging Tapes Market Segmentation:
By Material
● Paper
● Polyvinyl Chloride (PVC)
● Polypropylene PP
● Others

By Type of Adhesive
● Silicone
● Acrylic
● Rubber-based

By Application
● Strapping & Bundling
● Carton Sealing

By Region
● Europe
● North America
● APAC
● Latin America

Competitive Landscape:
● Tier 1 players- established companies in the market with a major market share
● Tier 2 players
● Emerging players which are growing rapidly
● New Entrants
Objectives of the Study:
● To provide with an exhaustive analysis on the sealing and strapping packaging tapes market based on material, type of adhesive, application, and region
● To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
● To evaluate and forecast micro-markets and overall market
● To predict market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
● To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
● Profiling of companies to evaluate their market shares, strategies, financials and core competencies