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Sealing and Strapping Packaging Tapes Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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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 hu
Sealing and Strapping Packaging Tapes Market Global Trends, Market Share,
Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026
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 rubberbased.
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 wraparound 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
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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
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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
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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