Sealing and Strapping Packaging Tapes Market

Sealing and Strapping Packaging Tapes Market – Overview

Sealing and strapping packaging tapes are force-sensitive tapes used for a variety of plastic wrapping functions such as reinforced packaging, pallet unitizing, bundling items, and so on. On account of the numerous advantages of sealing and strapping packaging tapes, there is high demand from multiple end user industries, thereby, creating revenue generation opportunities. Sealing and strapping packaging tapes are in high demand from food and beverage manufacturers, ultimately augmenting the sales growth of the global sealing and strapping packaging tapes market during the forecast period set between 2021 and 2031.

The sealing and strapping packaging tapes market categorized on the basis of material, adhesive, application, and region. In terms of material, the market is grouped into polyvinyl chloride, polypropylene, paper, and others. Based on adhesive, the market is segmented into silicone, rubber-based, acrylic, and others. With respect to application, the market is bifurcated into strapping & bundling, carton sealing & inner packaging.

The research report on sealing and strapping packaging tapes market offers a qualitative and quantitative analysis of the market and drivers, restraints, challenges, and future growth opportunities. It also highlights on the recent developments and innovations that helped the market grow in terms of revenue generation. List of the manufacturers operating in this market and their efforts in the form of innovations and new product launches is also discussed in details. The impact of the novel COVID19 pandemic is also discussed in the report. For more information on this market, log on to the company website.

Sealing and Strapping Packaging Tapes Market – Competitive Landscape

The nature of competition for this market is fairly competitive with the presence of a few vendors. Leading players of the sealing and strapping packaging tapes market are engaging in joint ventures and merger strategies to gain an upper hand in the overall market competition. Others are investing in introduction of innovative products to attract more revenues to the market. The key objective is to ensure a significant position in the market competition and earn handsome revenues for the overall market.

Some of the key players of the global sealing and strapping packaging tapes market include:

• Nichiban
• Mactac
• Shrutapes
• Wuhan Huaxia Nanfeng Adhesive Tapes
• Avery Dennison
• Scapa Group Plc.
• Nitto Denko Corporation
• Tesa SE
• Intertape Polymer Group
• 3M Company
• Others

Sealing and Strapping Packaging Tapes Market - Growth Drivers

The rapid adoption of sealants and strapped packaging products by multiple end user industries such as sports and apparel, food & beverage, and others are likely to serve as the emerging trends of the sealing and strapping packaging tapes market. Additionally, the increasing growth of the sports and apparel and textile industry will also increase the overall growth of the sealing and strapping packaging tapes market.

Sealing and Strapping Packaging Tapes Market – Geographical Insights

Geographically, this market is widespread into the regions of Latin America, Europe, North America, and the Middle East and Africa. These regions are further categorized as per the nations bringing business. Asia Pacific emerged as the largest revenue generator for the sealing and strapping packaging tapes market attributable to the presence of large textile industry. Besides this, the increasing rate of sports and outdoor wear will also propel the demand for sealing and strapping packaging tapes market in the forecast period. On the other side, the markets in Europe and North America will also generate notable revenues in the forecast period on account of the increasing demand for medical supplies and protective packaging solutions.