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 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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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

Report ID: SQMIG15H2051

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