Global Packaging Tapes Market Size, Share, Growth Analysis, By Material(Plastic and paper), By Adhesive(Acrylic, hot melt), By End-user(E-commerce, food & beverage) - Industry Forecast 2024-2031

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 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)'

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 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.