Global Sealing & Strapping Packaging Tapes Market Predicted To Reach Nearly USD 23.49 Billion During 2024–2032

According to Zion Market Research, the worldwide Sealing & Strapping Packaging Tapes Market, estimating its value at USD 23.49 Billion in 2023, with projections indicating that it will reach USD 36.32 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 4.96% over the forecast period 2024-2032. The augmentation in the outdoor apparel and sports industry, owing to the increasing health awareness amongst customers and surging fitness activities, are boosting the development of the market in the forecasted period. Additionally, the augment in demand for defensive clothing and accessories like surgical/medical, military, and chemical protection garments are manipulating the development of the market.

Some of the leading players in the market are Avery Dennison Corporation, Nichiban, Shrutapes, Mactac, The 3M Company, Intertape Polymer Group, Nitto Denko Corporation, Scapa Group plc, Tesa SE, and others.

Superior Properties Of Polypropylene To Dominate The Global Sealing & Strapping Packaging Tapes Market

The polypropylene section is estimated to account for the biggest share of the global sealing & strapping packaging tapes market, in terms of volume and value, during 2020–2026. This supremacy of this segment is featured in its characteristics like impact-resistant, high abrasion, high flexibility, and water-resistant. These properties have resulted in an intensifying preference for polypropylene that is utilized in the manufacturing of sealing & strapping packaging tapes. The paper section is estimated to be the second-biggest section, in terms of volume and value during 2020–2026, owing to different properties like transparency, flexibility, light-weight, and a good blockade to water or oxygen. The rubber-based section is estimated to report the biggest growth across the global sealing & strapping packaging tapes market throughout 2020–2026.

The global sealing & strapping packaging tapes market is segmented based on types, materials, applications, and geography. Based on the types of adhesives, the market is divided into silicone, rubber, acrylic, and others. Based on the materials, the market is divided into polyvinyl chloride, paper, polypropylene, and other materials. Based on the applications, the market is divided into strapping & bundling and carton sealing.

The Asia Pacific Region Is Predicted To Report Highest CAGR During The Estimated Period

Based on the geographical study, the global sealing & strapping packaging tapes market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region is estimated to witness the greatest development in the sealing & strapping packaging tapes market, considering value. This high development of the market is accredited to the expansion of the packaging industry in budding nations such as India, China, Taiwan, and Vietnam, across the Asia Pacific region. In addition, these economies are the major exporters of packaging materials internationally. The availability of regionally produced raw materials and cheap labor costs has further helped to the augmentation of the market in this region.

Browse the full “Sealing & Strapping Packaging Tapes Market - By Types (Silicone, Rubber, Acrylic, and Other), By Materials (Polyvinyl Chloride, Paper, Polypropylene, and Others), By Applications (Strapping & Bundling and Carton Sealing), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032.” Report at https://www.zionmarketresearch.com/report/sealing-strapping-packaging-tapes-market

The global sealing & strapping packaging tapes market is segmented as follows:

Based on the type:

• Silicone
• Rubber
• Acrylic
• Others

Based on the materials:

• Polyvinyl Chloride
• Polypropylene
• Paper
• Others

Based on the applications:

• Strapping & Bundling
• Carton Sealing

Based on the region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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