Global Sealing and Strapping Packaging Tapes Market  Estimated to Value Over USD 22 billion by 2026 End

  • 19 Jun 2019

Global sealing and strapping packaging tapes market estimated to value over USD 22 billion by 2026 end and record a CAGR of over 4% from 2019 to 2026.

Sealing & strapping tapes are vastly used for packaging boxes and cartons. It helps in bearing huge weight and the tapes are perfect for general packaging, bundling, color coding, sealing cartons and unitizing. They are majorly used by multiple end-user industries. Based on application area the market is further segmented into strapping & bundling and carton sealing. The sealing and strapping packaging tapes is further divided into adhesive based packaging. Adhesive based packaging tapes are vastly used in medical, signage boards and automotive. By type of adhesive, sealing & strapping packaging tapes market is segmented into acrylic, silicone, and rubber-based.

The growing demand for adhesive based packaging in automotive, medical and packaging has fueled the growth of the market. The growth in the sports industry has also boosted the growth of the market. Gradual increase in clothing such as chemical protection of garments is driving the growth of the market.  The rapid growth of the E-Commerce industry has further expanded 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. Additionally, the expensive cost of raw materials is also acting as restraint and challenging the growth of the market.

Asia Pacific region is forecasted to witness the fastest growth followed by North America and Europe. Developing nations like India, Taiwan and China are the largest exporters of packaging and are witnessed to see fast growth in the market. Rest of the world and Latin America is expected to account significant share in global wrap-around labels market due to increasing adoption. 

Several prominent players of the market are Intertape Polymer Group, 3M Company, Nitto Denko Corporation, Scapa Group, Nichiban and Avery Dennison Corporation.

Sealing and Strapping Packaging Tapes Market Restraints: 
●    Stringent laws based on reshaping of adhesive-based packaging tapes
●    Expensive cost of raw materials


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 
●    Global Sealing & Strapping Packaging Tapes Market, 
●    Strapping & Bundling 
●    Carton Sealing  

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

 

Competitive Landscape:  
●    Tier 1 players- established companies in the market with 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 global sealing & 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 the 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

 

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