Global Freezer Tape Market – Industry Trends and Forecast to 2029

Global Freezer Tape Market, By Material (Polyethylene, Polypropylene, Aluminium Foil, Paper), Thickness (70 Micron to 80 Micron, 81 Micron to 90 Micron, Above 90 Micron), Application (Food, Medicine, Chemical Materials, Others), End User (Frozen Food Packaging, Refrigeration Industry) – Industry Trends and Forecast to 2029.

Freezer Tape Market Analysis and Size

Freezer tape is a perfect solution for protecting, fixing and sealing the refrigeration coil during the manufacturing of refrigerators. The formulation and design of the adhesive applied on the backing ensure perfect bonding, an easy unwinding of the tape on the internal wall of the freezing unit, and improving the efficiency of the assembling process. Freezer tape guarantees an effective separation to avoid infiltration of polyurethane between the coil and internal wall of the refrigeration or freezer.

Data Bridge Market Research analyses that the freezer tape market was valued at USD 1150.0 million in 2021 and is expected to reach USD 1635.42 million by 2029, registering a CAGR of 4.50 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Freezer Tape Market Scope and Segmentation

Market Definition

Freezer tape is perfect for labelling or packing products in cold spaces such as storage bins and frozen foods. Freezer tape stays put to hold up to -40°F temperature to keep products labelled. Especially low-temperature adhesive sticks tight and easily and tight on even bulky, odd shaped products.

Global Freezer Tape Market Dynamics

Drivers

• Growing population and changing lifestyle

Changing lifestyles coupled with growing disposable income and increasing population are expected to increase the demand for freezer-based products, which is further expected to increase the need for freezer tape in the market during the forecast period.

• Growing demand for sustainable solution

Freezer tapes are also made from paper material that is highly decomposable and biodegradable. The growing intolerance towards plastic is increasing the demand of paper based freezer tapes. Thus, the application of government regulations pertaining to environment friendliness are dumping the demand of plastic based freezer tape which is influencing the consumers to choose paper based freezer tapes The rising demand of paper based freezer tape are expected to drive the revenue growth of the freezer tape market.

Opportunities

• Increasing demand in packaging sector

With technological advancements, numerous industries are coming up with many packaging materials and solutions in the market. The packaging sector has developed rapidly in the last few years. The improving companies of the packaging industry is creating immense opportunities for building the business of different types of packaging materials which are expected to create beneficial opportunity for the freezer tape market.

• Growth of automotive, electrical and electronics industries

The rapid growth in automotive, electrical and electronics industries lead  to increase the demand of freezer tapes in the market which are expected to drive the growth of the freezer tapes market in the upcoming period.

Restraints/ Challenges

The volatility in prices of raw materials is the major market restrains that will obstruct the growth of the freezer tape market. The negative impact of COVID-19 outbreak on supply chain of raw materials will also act as market restraint which will further challenge the market growth rate.

This freezer 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 localized 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 the freezer 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.

COVID-19 Impact on Freezer Tape Market

The covid-19 outbreak impacts the economic status of all over the industries. The curfew and lockdowns and curfew which has imposed by the governments in overall the globe disrupted the supply chain, manufacturing activities, production, distribution works. The manufacture and supply of frozen food increase the demand for freezer tapes allowed under severe conditions. While the epidemic, people were forced to buy products such as food and beverages etc. as a consequence of inconstancy and fear and regarding pandemic. The frozen food and pharmaceutical products registered huge demand as other products because it remain stored for longer time. Hence, as an output of the increase in requirement for freezer tape for the packaging of these product in the market.

Global Freezer Tape Market Scope

The freezer tape market is segmented on the basis of material, thickness, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Polyethylene
• Polypropylene
• Aluminium Foil
• Paper
• Others

Thickness

• 70 Micron to 80 Micron
• 81 Micron to 90 Micron
• Above 90 Micron

Application

• Food
• Medicine
• Chemical Materials
• Others

End User

• Frozen Food Packaging
• Refrigeration Industry

Freezer Tape Market Regional Analysis/Insights

The freezer tape market is analysed and market size insights and trends are provided by country, material, thickness, application and end-user as referenced above.

The countries covered in the freezer tape  market report are 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 and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

Asia-Pacific dominates the freezer tape market in terms of market share and revenue. This is due to the increasing demand for freezer tape in this region.

Asia-Pacific region dominates the freezer tape market due to the rising investments by several public and private manufacturers along with the growing demand from automotive, electrical and electronics industries in emerging countries in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Freezer Tape Market Share Analysis

The freezer 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 freezer tape market.

Some of the major players operating in the freezer tape market are:

• 3M (U.S.)
• Jiangyin Danuo Adhesive Products Co., Ltd. (China)
• Jiangyin Haoxuan Aluminum Foil Adhesive Products Co.,Ltd (China)
• Jiangsu Shixin Adhesive Tape Products Co. Ltd (China)
• JIANGYIN MEIYUAN INDUSTRIES (China)
• Jiangxi Ming Yang Glass Fiber Co., Ltd.(China)
• Zhejiang Maxwel Insulation Technology Co., Ltd (China)
• MBK Tape Solutions (U.S.)
• Total Refrigeration Gaskets, Inc.(U.S.)
• Can-Do National Tape (U.S.)