Global Reclosure Tapes Market: An Overview
The market for reclosable packaging is characterized by the presence of numerous medium and large scale manufacturers. Reclosure tapes also known as re-sealable tapes, are used for packaging of food and medicinal applications by limiting their exposure to the external microorganisms / germs thus, keeping this perishable products fresh even after their using / opening. Reclosure tapes are ideal to preserve and extend the aroma, freshness, and color of the packaged content for re-use / later use, thus making the packaging convenient for consumers use.
Global Reclosure Tapes Market: Dynamics
The global market for reclosure tapes is expected to grow on the backdrop of intensifying demand for packaged perishable food and medicinal products. In case of Asia Pacific region, high demand for perishable products in the food and personal care markets is expected to strengthen growth of the reclosure tapes in the region. Also, in terms of growth opportunities, the Middle East reclosure tapes market is expected to be highly lucrative over the forecast period. Hence, keeping this aforementioned factors in mind, the global reclosure tapes market is likely to witness a double-digit growth over the forecast period.
Global Reclosure Tapes Market: Company Developments and Industry Level Trends
Key market participants all across the globe that operate in the reclosable packaging market are focusing on designing innovative patters of reclosure tapes / labels that offer enhanced packaging outlook
Some of the key trends in the global reclosure tapes market are –
- In September 2013, Avery Dennison Label and Packaging Materials launched a product named Select Solutions Reclosure portfolio designed to help package designers and packaged goods companies to meet client requirements for the convenience reclosure products.
Global Reclosure Tapes Market: Segmentation
The global reclosure tapes market is segmented as follows -
On the basis of material type, the global reclosure tapes market is segmented into –
- Plastic Tapes
- Paper Tapes
- Crepe Paper
- Washi Paper
- Kraft Paper
- Flatback Paper
- Other Tapes (Foam, Aluminum Foil, etc.)
On the basis of adhesive type, the global reclosure tapes market is segmented into –
- Silicon-based Adhesives
- Acrylic-based Adhesives
- Rubber-based Adhesives
- Other Adhesives
On the basis of application, the global reclosure tapes market is segmented into –
- Box & Carton Sealing
On the basis of peel strength, the global reclosure tapes market is segmented into –
- Easy Peel Tapes
- Medium Peel Tapes
On the basis of end use industries served, the global reclosure tapes market is segmented into –
- Food & Beverages
- Ready-to-eat Food
- Meat, Poultry, Sea food
- Bakery & Confectionery
- Dairy Products
- Frozen Food
- Beverages & others
- Personal care & Home care
- Industrial & Others
Global Reclosure Tapes Market: Regional Outlook
The global reclosure tapes market is segmented into seven regions, namely, Latin America, North America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific Excluding Japan (APEJ), and Japan.
The reclosure tapes market in North America is expected to hold the leading position by 2016. This is attributed to affirmative outlooks from both the food & beverage as well as the cosmetics & personal care sectors in the region. The reclosure tapes market in Western Europe is largely expected to witness slow-moving to moderate growth over the next decade. The Latin America region has been trapped in a financial turmoil over the last decade, which has resulted in a manufacturing deadlock. Nevertheless, efforts to rebuild this region across the globe is projected to recover the situation of economic slow-down in the region.
Global Reclosure Tapes Market: Key players
Some of the key participants operating in the global reclosure tapes market are –
- 3M Company
- Intertape Polymer Group Inc.
- Avery Dennison Corporation
- Saint-Gobain Performance Plastics Corporation
- Tesa SE Group
- Nitto Denko Corporation
- Berry Global Group Inc.
- PPI Adhesive Products (C.E.) s.r.o.
- Coveris Holdings S.A.
- PPM INDUSTRIES S.P.A.
- Scapa Group plc.
- Advance Tapes International Ltd.
- DowDuPont Inc.
- Korozo Ambalaj Sanayi Ve Ticaret AS
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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