Global Sealing & Strapping Packaging Tapes Market
Sealing tape is a kind of gummed paper tape whose main function is to secure boxed or wrapped packages. On the other hand, strapping or filament tape is a pressure sensitive tape which is specially designed for packaging applications such as pallet unitizing, reinforcing packaging, bundling products and others. These packaging are mainly used for the packaging of cartons and other boxes during transportation so they can enhance their packages bearing weight. The use of sealing & strapping packaging includes good tensile strength, improved conductivity properties, extended lifespan due to the presence of filaments & adhesives. They are usually made of material such as paper, PVC, PP and other. There are environment friendly sealing & strapping packaging tapes which has the ability to decrease the volatile organic compound.
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Some of the factors responsible for the growth of this market:
- Increasing usage of packaging products: Packaging is very beneficial as they have the ability to protect the products from getting damaged from different physical impacts such as wetting, hitting, bruising and other. Packaging also contains all the necessary information such as company name, ingredients, use of data, weight, price and other. Packaged products are favored because in today's quick tempo individuals have restricted time to eat, drink and shop, and such products are easy to use and carry. Packaging have the ability to provide hygiene and protects the product from getting disrupted
- Widespread adoption and preference of these tapes due to the comfort of usage: Sealing tapes are usually used to seal corrugated boxes & cartons and consists of a pressure-sensitive adhesive on the cover material with a strong strain resistance which has the ability to handle heavy loads. Filament tape comprises of a pressure-sensitive adhesive covered on a back fabric that is generally a film of polypropylene or polyester and integrated fiberglass filaments to add high tensile strength. These tapes can be used manually with the help of a stationary dispenser which help the user to apply the tape on the box more efficiently
The global sealing & strapping packaging tapes market is segmented on the basis of material as paper, pp, pvc, & others; adhesive type as acrylic, rubber, silicone, and others and application as carton sealing, and strapping & bundling.
Some of the launches and acquisition in the market are:
- In February 2017, Shurtape Technologies, LLC, announced the acquisition of Syntac Coated Products, LLC. Through this acquisition the company will be able to enhance their product portfolio and provide their customer with double coated & transport tapes, cloth & duct, masking & paper and other. This will also help the company to enhance their production capabilities so they can meet the rising demand of the people
- In November 2018, Intertape Polymer Group announced that they have acquired the remaining 26% stakes of the packaging tapes manufacturer Powerband Industries. The main of the acquisition is to expand the production of carton sealing tape and provide them in the European and North America market. This acquisition will help them to strengthen their position in the market
“According to Data Bridge Market Research, global sealing & strapping packaging tapes market is expected to rise to an estimated value of USD 24.79 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026”
Few of the major competitors currently working in the global sealing & strapping packaging tapes market are Avery Dennison Corporation; 3M; Intertape Polymer Group; NITTO DENKO CORPORATION; tesa SE - A Beiersdorf Company; NICHIBAN Co., Ltd.; Shurtape Technologies, LLC; Mactac Americas; Ajit Industries Pvt. Ltd.; Advance Tapes International; Cantech; Industrias TUK, S.A. de C.V.; Berry Global Inc.; Adhesives Research, Inc.; Stick Tapes Private Limited; Can-Do National Tape; Euro Tapes Private Limited (Unit Of Euro Technologies); UltraTape; U Pack; Xinxiang Yongsheng Packaging Materials Technology Co., Ltd. and RAJAPACK Ltd among others.
These sealing and strapping packaging material are widely used in different industries because they have the ability to bundle unpack products and seal heavy products. They also have good shear strength and worthy adhesion properties. They are also environment friendly because they don’t consist of any solvent or hydrocarbons. Using these tapes are also beneficial as they helps in reducing the VOC emissions. These are some of the factors creating new avenues for this market growth and development.
