Global Sealing and Strapping Packaging Tapes Market, By Material (PP, Paper, PVC), Type of Adhesive (Acrylic, Rubber-based, Silicone, Others), Applications (Carton sealing and Strapping and Bundling), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Sealing and Strapping Packaging Tapes Market
The sealing and strapping packaging tapes market will register the growth at a rate of 7.29% for the forecast period of 2021 to 2028. The sealing and strapping packaging tapes market report analyses the growth, which is currently being growing due to the advancements in the digital printing along with a growing appetite for the adoption of printing processes and systems in the tapes manufacturing.
Sealing and strapping packaging tapes are utilized for secure transporting of all types of shipment such as fragile products and bulky loads. These tapes are reliable, durable, and best suited for unitizing, bundling, palletizing, colour coding, and other purposes.
Major factors that are expected to boost the growth of the sealing and strapping packaging tapes market in the forecast period are the growing need for acrylic-based packaging tapes in the packaging, medical, and automotive applications due to its excellent adhesion property, the increasing demand for these tapes in the packaging industry for numerous applications and the extensive adoption for packaging tapes because of its ease of applicability. On the other hand, the increase in the costs of the raw material is further anticipated to impede the growth of the sealing and strapping packaging tapes market in the timeline period.
In addition, the growing acceptance for the tapes in the packaging industry specially in the advancing nations will further provide growth opportunities for the sealing and strapping packaging tapes market in the coming years. However, the strict regulations taken by the government for reshaping the packaging tapes market might further challenge the growth of the sealing and strapping packaging tapes market in the near future.
This sealing and strapping packaging tapes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the sealing and strapping packaging tapes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Sealing and Strapping Packaging Tapes Market Scope and Market Size
The sealing and strapping packaging tapes market is segmented on the basis of material, type of adhesive and applications. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the sealing and strapping packaging tapes market into PP, paper, PVC.
- On the basis of type of adhesive, the sealing and strapping packaging tapes market into acrylic, rubber-based, silicone, others. Others is further sub segmented into ethylene vinyl acetate and polyester
- On the basis of applications, the sealing and strapping packaging tapes market into carton sealing and strapping and bundling.
Sealing and Strapping Packaging Tapes Market Country Level Analysis
The sealing and strapping packaging tapes market is analysed and market size, volume information is provided by country, material, type of adhesive and applications as referenced above.
The countries covered in the sealing and strapping packaging tapes market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific dominates the sealing and strapping packaging tapes market due to the growing penetration of e-commerce retail in the advancing countries like India and Indonesia. Furthermore, the increasing preference for door delivery services will further boost the growth of the sealing and strapping packaging tapes market in the region during the forecast period. North America is projected to observe significant amount of growth in the sealing and strapping packaging tapes market due to the increasing demand for healthcare supplies. Moreover, the personnel protective equipment to control the spread of the COVID-19 pandemic is further anticipated to propel the growth of the sealing and strapping packaging tapes market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sealing and Strapping Packaging Tapes Market Share Analysis
The sealing and strapping packaging tapes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sealing and strapping packaging tapes market.
The major players covered in the sealing and strapping packaging tapes market report are AVERY DENNISON CORPORATION, 3M, Intertape Polymer Group, NITTO DENKO CORPORATION, Beiersdorf AG, 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., RAJAPACK Ltd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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