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.
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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.
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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-
On the basis of adhesive type, sealing and strapping packaging tapes market can be segmented into-
- Rubber Based
On the basis of application, sealing and strapping packaging tapes market can be segmented into-
- Carton Sealing
- Strapping & Bundling
On the basis of end use, sealing and strapping packaging tapes market can be segmented into-
- Food & Beverages
- Kitchen Appliances
- Oil & Gas
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.
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