Global Carton Sealing Tape Market By Type (Pressure Sensitive, Water- activated and Others), Adhesive (Acrylic, Rubber- based, and Silicone), Application (Food and Beverages, Electronics, Consumer Goods, Cosmetics, Packaging and Other), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Carton Sealing Tape Market
Data Bridge Market Research analyses that the carton sealing tape market will project a CAGR of 11.50% for the forecast period of 2021-2028. Rising application of carton sealing tape for a wide range of applications such as food and beverages, electronics, consumer goods, cosmetics, packaging and others, growth and expansion of packaging industry especially in the developing economies and expanding power generation infrastructure in countries in the economies like India and China are the factors driving the growth of carton sealing tape market. This signifies that, the global bus bellows market, which was USD 800 million in 2020, would stand tall by USD 1,911.12 million by the year 2028.
Cartons are the boxes that are used to store materials as a part of household applications. Commercial application of cartons would include transportation of items such as food and beverages, electronics, consumer goods, cosmetics, pharmaceutical goods and so on. Therefore, a good material is required to provide finishing to the carton as a package. So, from the name itself, it is clear that the carton sealing tapes are the tapes that are used for packaging the cartons. A wide variety of carton sealing tapes are available in the market via both online and offline modes of distribution. Generally made of out of plastic films, carton sealing tapes are also used in industrial applications.
Rising demand for packaged food and beverage items in bulk by the wholesalers and distributors as is driving the growth in the carton sealing tape market value. Increasing demand for water activated carton sealing tapes for commercial and industrial applications and growth and expansion of the food and beverages industry will further induce growth in the carton sealing tape market value. Growth and expansion of e-commerce industry, especially in the developing economies, rise in the consumer preferences for retail formats, ever-rising global population, and increasing personal disposable income are some other indirect factors that will also promote the carton sealing tape market growth rate. Increasing demand for consumer goods will also provide an opportunity for growth in the long run.
However, fluctuations in the cost and availability of raw materials will create hindrances for the carton sealing tape market growth rate. Recycling is a complex and challenging process, and this will further dampen the carton sealing tape market growth rate. Rising environmental concerns and stringent regulations pertaining to the use of plastic will also derail the carton sealing tape market growth rate.
This carton sealing tape 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, geographic expansions, technological innovations in the market. To gain more info on carton sealing tape market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Carton Sealing Tape Market Scope and Market Size
Global carton sealing tape market is segmented on the basis of type, adhesive, and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the carton sealing tape market is segmented into pressure sensitive, water- activated and others.
- On the basis of adhesive, the carton sealing tape market is segmented into acrylic, rubber- based, and silicone.
- Based on application, the carton sealing tape market is segmented into food and beverages, electronics, consumer goods, cosmetics, packaging and others.
Global Carton Sealing Tape Market Country Level Analysis
The global carton sealing tape market is analysed, and market size insights and trends are provided by country, type, adhesive and application as referenced above.
The countries covered in the carton sealing tape market report are 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, South Africa, Egypt, Israel, 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 region is dominating the carton sealing tape market and will continue to flourish its trend of dominance during the forecast period owing to rising penetration of cartons and corrugated boxes. Availability of raw materials, rising urbanisation, ever-rising population, and increasing personal disposable income are some other important market growth determinants.
The country section of the carton sealing tape market 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 Carton Sealing Tape Market Share Analysis
The carton sealing tape 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 carton sealing tape market.
The major players covered in the carton sealing tape market report Berry Global Inc., 3M, Intertape Polymer Group, Apollo Industries, Can-Do National Tape, Pro Tapes & Specialties, Inc., VIBAC S.p.A., World Packaging Co., Inc.., Primetac., PowerPack Elements, Bagla Group., NITTO DENKO CORPORATION., Advance Tapes International., Practical Packaging Solutions, Inc., SJF, Stamar Packaging., Shurtape Technologies, LLC, Worldtech Industries Pvt. Ltd., Watershed Packaging Ltd and POLINAS among other 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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