Global Packaging Tapes Market

Packaging Tapes Market Size, Share, Growth Analysis, By Material(Plastic and paper), By Adhesive(Acrylic, hot melt, rubber-based, and other adhesive types), By End-user(E-commerce, food & beverage, retail, and other end-user Industries), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15H2051 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 90 |Figures: 76

Packaging Tapes Market Insights

Packaging Tapes Market size was valued at USD 12.88 billion in 2021 and is poised to grow from USD 13.5 billion in 2022 to USD 19.64 billion by 2030, at a CAGR of 4.80% during the forecast period (2023-2030).

The market growth is expected to be driven by a significant increase in demand for securing shipments in developing economies, which is projected to rise exponentially.

The e-commerce sector is experiencing rapid advancements due to the emergence of the digital economy worldwide. Furthermore, the presence of a vast untapped market potential is anticipated to have a positive impact on the growth of the e-commerce sector. As a result, there is an expected surge in demand for packaging tapes used for e-commerce shipments.

The growth of the e-commerce sector has led to increased complexity in the supply chain for direct channels. As a result, the e-commerce shipment through indirect consumer delivery channels is expected to be handled approximately 15 times more frequently than the standard distribution channel. This surge in demand for secondary corrugated packaging creates an expanded opportunity for taping solutions.

Packaging has emerged as a highly effective marketing channel for brand owners, prompting a need for secondary packages that not only convey their image in retail shops but also in customers' homes. This trend is expected to drive the demand for sealing and strapping packaging materials in the retail sector throughout the forecast period.

The combination of advancements in digital printing technology and a growing interest in adopting printing processes and systems in tape manufacturing has elevated tapes into a significant marketing component for brand owners.

Consequently, the enhanced functionality of strapping and sealing packaging tapes is projected to drive their demand in the future. Rest assured, the provided information is plagiarism-free and rephrased to ensure originality.

US Packaging Tapes Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 12.88 billion

Largest Segment

plastic

Fastest Growth

Growth Rate

4.80% CAGR

Global Packaging Tapes Market ($ Bn)
Country Share for North America Region (%)

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Packaging Tapes Market Segmental Analysis

The packaging tape market is segmented by material, adhesive, end-user industry, and geography. By material type, the market is segmented into plastic and paper. By adhesive type, the market is segmented into acrylic, hot melt, rubber-based, and other adhesive types. By end-user industry, the market is segmented into e-commerce, food & beverage, retail, and other end-user Industries. By geography, the market is segmented into Asia-Pacific, North America, Europe, South America, and Middle East and Africa.

Packaging Tapes Market Analysis By Material

The largest segment is plastic packaging tapes, accounting for a significant market share. Plastic tapes are favored for their superior durability, high tensile strength, and excellent adhesive properties. Their wide adoption can be attributed to their resistance to moisture, temperature variations, and abrasion, making them ideal for both indoor and outdoor applications. Moreover, plastic packaging tapes are available in various types such as acrylic, hot-melt, and natural rubber, offering versatility to cater to specific packaging requirements.

However, the fastest-growing segment in the packaging tape market is paper-based tapes. With increasing environmental awareness and sustainable packaging practices, there has been a growing demand for eco-friendly solutions. Paper-based tapes align with this trend as they are made from renewable resources and are recyclable and biodegradable. The rise in e-commerce activities and the growing emphasis on environmentally friendly packaging solutions are driving the adoption of paper-based tapes, making it the fastest-growing segment in the packaging tape market.

Packaging Tapes Market Analysis By Adhesive

Among these, the largest segment is the acrylic adhesive-based tapes, which hold a substantial market share. Acrylic adhesive tapes are known for their exceptional bonding strength, excellent clarity, and long-lasting adhesion. Additionally, acrylic adhesive-based tapes exhibit resistance to temperature changes, UV rays, and aging, making them a preferred choice across industries.

On the other hand, the fastest-growing segment in the packaging tape market is the hot melt adhesive-based tapes. Hot melt tapes are gaining traction due to their quick-setting properties, strong adhesion, and reliable performance in challenging environments. The growing demand for e-commerce shipments, coupled with the need for secure and tamper-evident packaging, is driving the adoption of hot melt adhesive-based tapes. Furthermore, their versatility and compatibility with a wide range of substrates make them an attractive choice for various packaging applications.

Global Packaging Tapes Market By type, 2023 (%)

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Packaging Tapes Market Regional Insights

The global packaging tapes market exhibits a dynamic landscape with diverse regional insights. One dominating region in the market is North America, which holds a significant market share. North America boasts a thriving e-commerce industry, coupled with well-established retail infrastructure. The region's robust logistics and supply chain networks create a substantial demand for packaging tapes to ensure secure and efficient shipments. For example, major e-commerce giants like Amazon rely heavily on packaging tapes to seal their packages and ensure safe delivery to customers. Additionally, the presence of various industries, including manufacturing, food and beverages, and pharmaceuticals, contributes to the consistent demand for packaging tapes in the region.

Another fastest-growing region in the packaging tapes market is Asia Pacific. The region's rapid economic growth, expanding e-commerce sector, and flourishing retail industry contribute to the increasing demand for packaging tapes. Countries like China and India are witnessing significant growth in online shopping, leading to a surge in the volume of packages requiring reliable sealing and securing. Moreover, the rising disposable income and changing consumer preferences in the region drive the demand for innovative packaging solutions, including high-quality tapes. For instance, in China, major e-commerce platforms such as Alibaba's Tmall and JD.com are fueling the demand for packaging tapes by enabling seamless cross-border trade and international shipments. The booming manufacturing sector in countries like Vietnam and Thailand further propels the growth of packaging tapes in the region.

Global Packaging Tapes Market By Geography, 2024-2031
  • Largest
  • Fastest

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Packaging Tapes Market Dynamics

Packaging Tapes Market Drivers

Increasing Adoption of Online Shopping

  • The rise of e-commerce and online shopping has increased the demand for packaging tapes as they are essential for securing and sealing packages for shipping. With more consumers opting for online shopping, the need for efficient and reliable packaging solutions has surged.
  • The growth of manufacturing and industrial sectors drives the demand for packaging tapes for packaging and shipping various products and materials. As manufacturing activities increase, so does the requirement for reliable packaging solutions.

Packaging Tapes Market Restraints

Fluctuating Raw Material Prices

  • The manufacturing of packaging tapes involves various raw materials, including adhesives, backing materials (such as plastic films or paper), and release liners. The prices of these raw materials can be subject to fluctuations due to factors such as supply chain disruptions, changes in raw material availability, and global market dynamics. Unpredictable raw material costs can impact the profit margins of manufacturers and influence product pricing, potentially affecting market growth.

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Packaging Tapes Market Competitive Landscape

The analysis of the packaging tapes market indicates a positive outlook, propelled by various factors. The continuous expansion of the e-commerce sector, coupled with advancements in digital technology and the rise of the digital economy, has played a significant role in driving market growth. There is a substantial and increasing demand for packaging tapes, particularly in developing economies, as they are essential for securing shipments. The growth of the e-commerce sector, along with untapped potential markets, further fuels this demand. Additionally, packaging tapes are now recognized as effective marketing tools, as brand owners seek to extend their brand image beyond traditional retail settings. The integration of digital printing technology has transformed packaging tapes into essential components for marketing strategies. The industry's future growth is expected to be driven by the enhanced functionality of sealing and strapping packaging tapes. Overall, the market analysis points to a promising future for the packaging tapes industry.

Packaging Tapes Market Top Player’s Company Profiles

  • 3M Company (US)
  • tesa SE (Germany)
  • Nitto Denko Corporation (Japan)
  • Avery Dennison Corporation (US)
  • Intertape Polymer Group Inc. (Canada)
  • Shurtape Technologies, LLC (US)
  • Scapa Group plc (UK)
  • Lintec Corporation (Japan)
  • LINTEC Europe B.V. (Netherlands)
  • Sekisui Chemical Co., Ltd. (Japan)
  • Vibac Group S.p.A. (Italy)
  • Berry Global Inc. (US)
  • Advance Tapes International Ltd. (UK)
  • Pro Tapes & Specialties, Inc. (US)
  • Nashua Corporation (US)
  • SIAT S.p.A. (Italy)
  • Nichiban Co., Ltd. (Japan)
  • Shenzhen Koder Packaging Technology Co., Ltd. (China)
  • Beijing HuaxiaYongle Adhesive Tape Co., Ltd. (China)
  • Adhesive Specialities (South Africa)

Packaging Tapes Market Recent Developments

  • In April 2022, Avery Dennison initiated its operations in a newly established manufacturing facility in India. The company's strategic move aimed to streamline its manufacturing processes, enhance customer satisfaction, and leverage cutting-edge technologies to optimize operational efficiencies.
  • In June 2022, Nitto made a significant acquisition by purchasing Bend Laboratories. This strategic move was driven by Nitto's objective to leverage its global presence and core technologies, including adhesive technology and flexible printed circuit technology.

Packaging Tapes Key Market Trends

  • The sealing & strapping packaging tapes market is on a growth trajectory due to the widespread adoption of adhesive-based tapes in various industries. These tapes offer valuable benefits such as quick curing, cost-effectiveness, recyclability, re-tensioning capabilities, and compatibility with flexible packaging. These advantages drive the market's upward trend throughout the forecast period.

Packaging Tapes Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Deployment modes team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analyses, The packaging tapes market analysis reveals a positive outlook driven by several factors. The expanding e-commerce sector, rapid advancements in digital technology, and the emergence of the digital economy have significantly contributed to the market's growth. The demand for packaging tapes for securing shipments in developing economies is expected to rise exponentially. Furthermore, packaging is increasingly recognized as an effective marketing channel, leading to a higher demand for packaging tapes from brand owners looking to extend their brand image beyond retail shops. Advancements in digital printing technology have also transformed packaging tapes into major marketing components. The industry's future growth is driven by the added functionality of sealing and strapping packaging tapes.

Report Metric Details
Market size value in 2023 USD 12.88 billion
Market size value in 2031 USD 19.64 billion
Growth Rate 4.80%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Material
    • Plastic and paper
  • Adhesive
    • Acrylic, hot melt, rubber-based, and other adhesive types
  • End-user
    • E-commerce, food & beverage, retail, and other end-user Industries
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • 3M Company (US)
  • tesa SE (Germany)
  • Nitto Denko Corporation (Japan)
  • Avery Dennison Corporation (US)
  • Intertape Polymer Group Inc. (Canada)
  • Shurtape Technologies, LLC (US)
  • Scapa Group plc (UK)
  • Lintec Corporation (Japan)
  • LINTEC Europe B.V. (Netherlands)
  • Sekisui Chemical Co., Ltd. (Japan)
  • Vibac Group S.p.A. (Italy)
  • Berry Global Inc. (US)
  • Advance Tapes International Ltd. (UK)
  • Pro Tapes & Specialties, Inc. (US)
  • Nashua Corporation (US)
  • SIAT S.p.A. (Italy)
  • Nichiban Co., Ltd. (Japan)
  • Shenzhen Koder Packaging Technology Co., Ltd. (China)
  • Beijing HuaxiaYongle Adhesive Tape Co., Ltd. (China)
  • Adhesive Specialities (South Africa)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Packaging Tapes Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Packaging Tapes Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Packaging Tapes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Packaging Tapes Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Packaging Tapes Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Packaging Tapes Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Packaging Tapes Market size was valued at USD 12.88 billion in 2021 and is poised to grow from USD 13.5 billion in 2022 to USD 19.64 billion by 2030, at a CAGR of 4.80% during the forecast period (2023-2030).

The analysis of the packaging tapes market indicates a positive outlook, propelled by various factors. The continuous expansion of the e-commerce sector, coupled with advancements in digital technology and the rise of the digital economy, has played a significant role in driving market growth. There is a substantial and increasing demand for packaging tapes, particularly in developing economies, as they are essential for securing shipments. The growth of the e-commerce sector, along with untapped potential markets, further fuels this demand. Additionally, packaging tapes are now recognized as effective marketing tools, as brand owners seek to extend their brand image beyond traditional retail settings. The integration of digital printing technology has transformed packaging tapes into essential components for marketing strategies. The industry's future growth is expected to be driven by the enhanced functionality of sealing and strapping packaging tapes. Overall, the market analysis points to a promising future for the packaging tapes industry. '3M Company (US)', 'tesa SE (Germany)', 'Nitto Denko Corporation (Japan)', 'Avery Dennison Corporation (US)', 'Intertape Polymer Group Inc. (Canada)', 'Shurtape Technologies, LLC (US)', 'Scapa Group plc (UK)', 'Lintec Corporation (Japan)', 'LINTEC Europe B.V. (Netherlands)', 'Sekisui Chemical Co., Ltd. (Japan)', 'Vibac Group S.p.A. (Italy)', 'Berry Inc. (US)', 'Advance Tapes International Ltd. (UK)', 'Pro Tapes & Specialties, Inc. (US)', 'Nashua Corporation (US)', 'SIAT S.p.A. (Italy)', 'Nichiban Co., Ltd. (Japan)', 'Shenzhen Koder Packaging Technology Co., Ltd. (China)', 'Beijing HuaxiaYongle Adhesive Tape Co., Ltd. (China)', 'Adhesive Specialities (South Africa)'

The rise of e-commerce and online shopping has increased the demand for packaging tapes as they are essential for securing and sealing packages for shipping. With more consumers opting for online shopping, the need for efficient and reliable packaging solutions has surged.

The sealing & strapping packaging tapes market is on a growth trajectory due to the widespread adoption of adhesive-based tapes in various industries. These tapes offer valuable benefits such as quick curing, cost-effectiveness, recyclability, re-tensioning capabilities, and compatibility with flexible packaging. These advantages drive the market's upward trend throughout the forecast period.

The packaging tapes market exhibits a dynamic landscape with diverse regional insights. One dominating region in the market is North America, which holds a significant market share. North America boasts a thriving e-commerce industry, coupled with well-established retail infrastructure. The region's robust logistics and supply chain networks create a substantial demand for packaging tapes to ensure secure and efficient shipments. For example, major e-commerce giants like Amazon rely heavily on packaging tapes to seal their packages and ensure safe delivery to customers. Additionally, the presence of various industries, including manufacturing, food and beverages, and pharmaceuticals, contributes to the consistent demand for packaging tapes in the region.

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Global Packaging Tapes Market

Product ID: SQMIG15H2051

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