According to the report by Expert Market Research (EMR), the global sealing and strapping packaging tapes market reached a value of nearly USD 18.59 billion in 2023. Aided by the rise of e-commerce and increasing demand for sustainable tapes, the market is projected to further grow at a CAGR of 5% between 2024 and 2032 to reach a value of around USD 28.81 billion by 2032.
In today’s fast-paced global economy, efficient packaging solutions are crucial for safeguarding products during transit, minimising damage, and ensuring timely delivery to consumers. Sealing and strapping packaging tapes have emerged as indispensable tools in the packaging industry, offering reliable adhesion, secure bundling, and reinforced protection for a wide range of goods across various sectors.
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The rapid expansion of manufacturing activities across diverse industries such as automotive, electronics, consumer goods, and pharmaceuticals has created a heightened demand for robust packaging solutions. This is expected to drive the global sealing and strapping packaging tapes market growth in the forecast period.
Sealing and strapping tapes are essential for bundling, palletising, and securing goods during warehousing, distribution, and transportation processes. Sealing and strapping tapes also provide a strong and durable seal, thereby ensuring the safety and security of products during transit.
With increasing awareness of sustainability, there is a growing demand for eco-friendly packaging materials and practices. Manufacturers are innovating to develop biodegradable, recyclable, and compostable sealing and strapping tapes made from renewable materials such as paper, bio-based polymers, and water-based adhesives. This is facilitating the global sealing and strapping packaging tapes market development.
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Sealing and Strapping Packaging Tapes Market Segmentation
The market can be divided based on material, type, application, and region.
Market Breakup by Material
- Paper
- Polypropylene
- Polyvinyl Chloride
- Others
Market Breakup by Type
- Acrylic
- Rubber
- Silicone
- Others
Market Breakup by Application
- Carton Sealing
- Strapping and Bundling
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global sealing and strapping packaging tapes market. Some of the major players explored in the report by Expert Market Research are as follows:
- Avery Dennison Corporation
- Nitto Denko Corporation
- Intertape Polymer Group Inc.
- Scapa Group PLC
- Nichiban Co., Ltd.
- 3M Company
- tesa SE
- Others
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