Sealing & Strapping Packaging Tapes Market Size & Share Report, Growth, Trends, 2032

Global Sealing & Strapping Packaging Tapes Market Insights

Zion Market Research has published a report on the global 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 report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Sealing & Strapping Packaging Tapes industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Sealing & Strapping Packaging Tapes Market: Introduction

Sealing & strapping packaging tapes are utilized in myriad packing operations including pallet unitizing, bundling items, and reinforced packaging. In addition to this, the products offer many benefits as they are pressure sensitive. Moreover, these products are flexible strips made up of cloth, paper, metal, plastic, and foam. They are coated on both sides with adhesive and can adhere to myriad substrates through application of less pressure at room temperature.

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Market Growth Dynamics

Massive use of sealing & strapping packaging tapes in bundling & pelletizing will boost the growth of the market over the estimated timespan. In addition to this, escalating utility of the product in automotive, sports & apparels, food & beverages, and electronics & electrical sectors will embellish the market trends. Moreover, the sealing & strapping packaging tape provides flexibility along with lightweight. 

Furthermore, thriving ecommerce activities and need for effective customer delivery channel due to rising complicatedness in supply chain will proliferate the market demand in the coming years. Apparently, rise in the online as well as offline retail activities has translated into growing popularity and use of sealing & strapping packaging tapes in the recent years. Growing acceptance of low cost products and their fast curing time will contribute significantly towards the market size in the foreseeable future. With the flexible packaging becoming the catch phrase of the twenty-first century, the market is likely to gain momentum over the next decade. The evolution of 3D printing is anticipated to lead to humungous product penetration in new sectors over the next few years.

Global Sealing & Strapping Packaging Tapes Market: Segmentation

The study provides a decisive view of the sealing & strapping packaging tapes market by segmenting the market based on by type, by materials, by applications and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By type segment analysis includes silicone, rubber, acrylic, others.

By materials segment analysis includes polyvinyl chloride, polypropylene, paper, others.

By application segment analysis includes fstrapping & bundling and carton sealing.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Sealing & Strapping Packaging Tapes Market: Report Scope

Asia Pacific To Set Up A Dominant Position in Global Market By 2032

The growth of the business in the sub-continent over the forecasting years can be credited to low labor charges along with easy availability of raw materials at affordable costs in the countries like China and India. Additionally, countries like Vietnam, Taiwan, and Japan are projected to contribute enormously forwards the regional market share over the coming years.

Global Sealing & Strapping Packaging Tapes Market: Competitive Players

Key players influencing the market growth are-

• The 3M Company
• Avery Dennison Corporation
• Nichiban
• Shrutapes
• Scapa Group plc
• Mactac
• Intertape Polymer Group
• Nitto Denko Corporation
• Tesa SE
• Others

Sealing & Strapping Packaging Tapes Market: Segmentation

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

By type:

• Silicone
• Rubber
• Acrylic
• Others

By materials:

• Polyvinyl Chloride
• Polypropylene
• Paper
• Others

By applications:

• Strapping & Bundling
• Carton Sealing

By 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