Publishing: August 2021 | Report Code: CM12160 | Available Format: PDF
The global sealing & strapping packaging tapes market is projected to showcase strong growth in the coming years on account of the increasing demand for fast-curing and high-bond-strength packaging solutions. With the increasing demand for such packaging solutions in end-use industries such as food and beverages, personal care, logistics, and automotive worldwide, the consumption of strapping and sealing packaging tapes is projected to increase, which, in turn, would positively impact the market growth.
The sealing & strapping packaging tapes market has been categorized into polypropylene (PP), paper, polyvinyl chloride (PVC), and others, on the basis of material used to make these tapes. Among these, PP-based tapes are expected to account for a significant share in the market throughout the forecast period (2021–2030). This can be ascribed to their high-performance characteristics, such as elasticity, barrier properties, surface finish, low cost, chemical resistance, humidity resistance, and high weldability.
The sealing & strapping packaging tapes market has also been categorized on the basis of adhesive type into acrylic, rubber, silicone, and others. Of these, the acrylic category is expected to account for a significant share in the market throughout the forecast period. This can be attributed to the fact that these are low-cost adhesives with relatively high bond strength, weather resistance, and fast curing time. Owing to such properties, manufacturers prefer using acrylic adhesives to other adhesives for sealing and strapping packaging applications.
Geographically, Asia-Pacific (APAC) is expected to hold the largest market share throughout the forecast period. This can be ascribed to the high-volume consumption of packaging materials in the region. In recent years, APAC has emerged as a manufacturing hub of various consumer and industrial goods, owing to which the consumption of packaging materials has been on the rise. Moreover, accelerating regional economic growth, exponential rise in population, and increasing standard of living are expected to further increase the demand for packaging solutions and, consequently, positively impact the sealing & strapping packaging tapes market growth.
The market demand for these packaging tapes has witnessed notable growth in recent years, and the trend is likely to continue in the coming years as well, primarily on account of the surging demand for vibration-free, stress-free, and highly adhesive bonding solutions for binding similar and dissimilar materials, such as for the bonding of a polyester film with aluminum foil.
Sealing & strapping packaging tapes demonstrate high weather resistance, chemical resistance, and barrier properties and have the ability to provide structural strength via proper bonding with the substrate. Such advantageous properties make them suitable for sealing, packaging, and insulation applications. With the increasing demand for reliable packaging and logistic solutions, the consumption of these tapes is likely to increase, further driving the sealing & strapping packaging tapes market in the near future.
Although these packaging tapes have a wide range of applications, their market growth is expected to get hampered owing to certain regulations imposed by regulatory authorities. Chemicals such as toluene, formaldehyde, and di-2-ethylhexyl phthalate used in these tapes are toxic in nature and emit volatile organic compounds during processing. Thus, keeping in view the health hazards associated with these chemicals, several organizations have either restricted or banned the usage of such chemicals. For instance, the European Union enacted the registration, evaluation, authorization and restriction of chemicals (REACH) regulation in December 2006 to ensure that humans and the environment at large remain protected from any harm caused by the use of chemicals.
Some of the key companies operating in the global sealing & strapping packaging tapes market are Avery Dennison Corporation, The 3M Company, Nitto Denko Corporation, Intertape Polymer Group, Tesa SE, Scapa Group plc, Shrutapes Technologies, Nichiban Co. Ltd., Mactac Americas L.L.C., and Wuhan Huaxia Nanfeng Adhesive Tapes Co. Ltd.
The study provides the historical as well as the forecast size of the sealing & strapping packaging tapes market.
The sealing & strapping packaging tapes market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Material
Based on Adhesive Type
Based on Application
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