Global Sealing and Strapping Packaging Tapes Market: An Overview

Sealing and strapping packaging tapes are pressure sensitive tapes that are used for different packaging functions like reinforced packaging, bundling items, pallet unitizing etc. Due to several advantages and benefits of sealing and strapping packaging tapes, these have been extended by several end uses creating enormous growth opportunities during the estimated forecast period. The use of sealing and strapping packaging tapes is rapidly growing demand through number of food & beverages and electronics manufacturers which aims to deliver high growth for sealing and strapping packaging tapes market. Increasing use of sealing and strapping packaging tapes in several end-uses like automotive, electronics & electrical, food & beverages etc. across the globe, the demand for sealing and strapping packaging tapes is also increasing globally with APEJ expected to register high growth for sealing and strapping packaging tapes market during the forecast period. The global market for sealing and strapping packaging tapes comprises several local and global players.

To understand how our report can bring difference to your business strategy, Ask for a brochure

Global Sealing and Strapping Packaging Tapes Market: Dynamics

The global sealing and strapping packaging tapes market is projected to witness middle single digit growth in developing as well as developed economies, during the forecast period, according to the company’s research study. Polypropylene material type is a widely used sealing and strapping packaging tapes material across the globe as it possesses several benefits such as high flexibility, lightweight etc. Rapidly increasing packaging industry reflects high adoption of sealing and strapping packaging tapes. Sealing and strapping packaging tapes are expected to witness high demand by burgeoning demand of food & beverage, sports & apparels, automotive during the forecast period. Sealing and strapping packaging tapes is expected to possess healthy growth during the forecast period. Rubber based sealing and strapping packaging tapes are expected to possess high demand share throughout the forecast period as rubber based sealing and strapping packaging tapes provide superior waterproofing and excellent adhesion.

Stuck in a neck-to-neck competition with other brands? Request a custom report on “Sealing and Strapping Packaging Tapes Market”

Global Sealing and Strapping Packaging Tapes Market: Segmentation

The sealing and strapping packaging tapes market can be segmented on material type, adhesive type, application and end use.

On the basis of material type, sealing and strapping packaging tapes market can be segmented into-

  • Polypropylene
  • Polyester
  • Polyethylene
  • Paper
  • PVC
  • Others

On the basis of adhesive type, sealing and strapping packaging tapes market can be segmented into-

  • Acrylic
  • Rubber Based
  • Silicon

On the basis of application, sealing and strapping packaging tapes market can be segmented into-

  • Carton Sealing
  • Strapping & Bundling
  • Others.

On the basis of end use, sealing and strapping packaging tapes market can be segmented into-

  • Food & Beverages
  • Electronics
  • Furniture
  • Kitchen Appliances
  • Automotive
  • Sports
  • Oil & Gas
  • Others

Global Sealing and Strapping Packaging Tapes Market: Regional Outlook

Established sealing and strapping packaging tapes market in regions like North America and Europe are expected to dominate the sealing and strapping packaging tapes market in terms of value and volume, whereas developing economies like APEJ and MEA are likely to multiply sealing and strapping packaging tapes market during the forecast period. Cheap labour costs coupled with easy availability of domestically produced raw materials are some of the factors expected to contribute to the growth of sealing and strapping packaging tapes in Asia Pacific region especially in India and China. Europe is expected to possess more than average growth for sealing and strapping packaging tapes market throughout the forecast period due to rapidly increasing sports enthusiasm in countries like Germany, UK, Italy, etc.

Sealing and Strapping Packaging Tapes Market: Key Players

Sealing and strapping packaging tapes manufacturers are primarily focusing on emerging countries to gain a huge operating revenue. Key vendors in the market are continuously introducing new flavours providing increased appearance and enhanced taste. Some of the key market participants in the sealing and strapping packaging tapes market are Avery Dennison Corporation, 3M Company, Nitto Denko Corporation, Intertape Polymer Group, Tesa SE, Scapa Group plc, Shrutapes, Nichiban, Mactac, and others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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
  • Europe
  • 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.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

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?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Sealing And Strapping Packaging Tapes Market

Pre Book