The global sealing & strapping packaging tapes market was valued at USD 18.31 billion in 2019. The market is attributed to grow at a CAGR of 5.1% over the forecast period of 2019 to 2025. The e-commerce sector with a bundle of consumer products being shipped in single-parcel shipments, requires the protection of packages and has become an important concern for the market players.
The global Sealing & Strapping Packaging Tapes market worth US$ 26.85 Bn by 2027, growing at a CAGR of 4%
Therefore, the use of strapping and sealing tapes provide the players with a solution guaranteeing strong sealability of packets. This is projected to fuel business development over the forecast period. However, the incorporation of packaging for the transport of industrial and consumer goods with automotive, electronics and food & beverage has anticipated the demand in the market.
Numerous benefits of acrylic adhesives include outstanding waterproofing and exceptional adhesion in the sealing & strapping packing films. Moreover, the product is used through different sectors, and their advantages have led to the fast market growth of the product. They are also used for exterior applications such as rims and display boards for vehicles. Because of their outstanding adhesion properties, the acrylic adhesive-based packaging tapes are commonly utilized in automotive and healthcare applications including the packaging of products.
The global sealing & strapping packaging tapes market is categorized based on material, type of adhesive and application. Region wise, Asia Pacific was the largest market in 2018, and is anticipated to grow at a significant CAGR over the forecast period. North America is expected to grow at a significant rate over the coming years.
Key players serving the global sealing & strapping packaging tapes market include Avery Dennison Corporation, Nitto Denko Corporation, 3M Company, Intertape Polymer Group, Scapa Group plc, Tesa SE, Shrutapes, Mactac, Nichiban, and Wuhan Huaxia Nanfeng Adhesive Tapes among others.
Key Segment Of The Sealing & Strapping Packaging Tapes Marke
by Application, 2020-2027 (USD Million)
• Carton sealing tapes
• Strapping & bundling
by Type of Adhesive, 2020-2027 (USD Million)
• Others (EVA and Butyl)
by Material, 2020-2027 (USD Million)
• Polyvinyl Chloride
• Others (Reinforced Fiberglass and polyethylene films)
Regional Overview, 2020-2027 (USD Million)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
- global sealing & strapping packaging tapes market has seen strong development over the past couple of years with its end-business, and is anticipated to continue in the coming years. The main driving factor would be a rise in demand for product in various applications such as carton sealing and strapping & bundling.
Due to its broad variety of uses, including carton sealing, bundling, unitizing, pelletizing, and general packaging, the increasing market for carton sealing tapes in the packaging industry is projected to fuel market for sealing & strapping packaging tapes. In fact, the strapping and sealing packaging tapes are cost-effective alternatives to metal and plastic tapes and are further expected to fuel the demand in the market over the coming years.
The type of polypropylene material is a widely used material for strapping and sealing packaging products around the globe, since it has several advantages such as lightweight, and high flexibility. Strapping and sealing of packing tapes are anticipated to foresee a high growth during the forecast period owing to the growing demand for sports & fashion, food & beverage, automobile. Strapping and sealing packaging tapes made of rubber are anticipated to have a a significant amount of market share, as the packaging tapes have superior waterproofing and excellent adhesion.
The global sealing & strapping packaging tapes market has been segmented based on, material, type of adhesive and application. Based on material, the market is categorized into PP, Paper, PVC. Based on type of adhesive, the market is categorized into acrylic, rubber, silicone and others. Based on application, the market is categorized into carton sealing and strapping & bundling.
The segment of polypropylene is expected to dominate the sealing & strapping packaging tapes market over the forecast period from the year 2019 to 2025. The superiority of the segment is due to its strong abrasion, water-resistant, impact-resistant, and strong durable properties. The properties have contributed to a growing affinity for polypropylene, which is used in strapping and sealing application of tapes for packaging. Due to various properties such as flexibility, light weight, transparency, and a good barrier to water and oxygen, the paper segment is projected to be the second largest segment, in terms of value and volume, from the year 2019 to 2025.
The carton sealing tapes group accounted for the largest share in 2018 because it is a commonly used packaging tape more cost-effective and can be used in all packaging forms including main, secondary and tertiary packaging. However, due to its widespread usage in the packaging industry for pelletizing, bundling, and unitizing, the strapping & bundling segment is estimated to be the fastest-growing segment on the sealing & strapping packaging tapes sector, over the forecast period.
The global sealing & strapping packaging tapes market is cumulative to North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific dominated the global sealing & strapping packaging tapes market in 2018; however, North America is expected to grow at a significant pace through the year 2025.
APAC accounts for the largest market share in the sealing & strapping packaging tapes industry due to India and China as the growing economies, and the presence of some prominent players in the region. Additionally, the market for the packaging industry in the region is driven by factors such as rapid economic growth, raw material supply, strong government funding, and low labor costs. The growing usage of such tapes in the packaging industry is expected to increase demand for sealing & strapping tapes in Asia Pacific.