Sealing And Strapping Packaging Tapes Market
PUBLISHED: 2024 ID: SMRC25976
SHARE
SHARE

Sealing And Strapping Packaging Tapes Market

Sealing and Strapping Packaging Tapes Market Forecasts to 2030 - Global Analysis By Adhesive Type (Acrylic, Rubber-Based, Silicone and Other Adhesives Types), Material (Paper, Polypropylene, Polyvinyl Chloride, Polyester and Other Materials), Application, End User and by Geography

4.1 (71 reviews)
4.1 (71 reviews)
Published: 2024 ID: SMRC25976

This report covers the impact of COVID-19 on this global market
Loading...

Years Covered

2021-2030

Estimated Year Value (2023)

US $24.24 BN

Projected Year Value (2030)

US $38.64 BN

CAGR (2023 - 2030)

6.89%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Latin America


According to Stratistics MRC, the Global Sealing and Strapping Packaging Tapes Market is accounted for $24.24 billion in 2023 and is expected to reach $38.64 billion by 2030 growing at a CAGR of 6.89% during the forecast period. Packaging tapes for sealing and strapping are essential tools in the shipping and logistics industry, offering a dependable and safe method of packaging and shipping goods. Usually composed of polypropylene or PVC, sealing tapes are used to safely seal boxes, cartons, and packages. They provide resistance against tearing, moisture, and temperature changes. They are available in different adhesive strengths and widths to meet different packaging requirements. 

According to the American Packaging Association, Effective packaging plays a critical role in protecting products, enhancing brand visibility, and ensuring consumer satisfaction throughout the entire supply chain.

Market Dynamics: 

Driver: 

Growing need from the e-commerce industry

The market for sealing and strapping packaging tapes has expanded dramatically as a result of the emergence of e-commerce platforms. The need for effective and safe packaging solutions that can survive the rigors of shipping and handling has increased as more people shop online. When it comes to making sure that online-ordered goods arrive at customers' locations undamaged, sealing and strapping tapes are essential. Moreover, it is anticipated that the need for these packing tapes will increase in tandem with the ongoing global expansion of e-commerce.

Restraint:

Environmental issues and sustainability difficulties

Growing environmental consciousness and an emphasis on sustainability are two major challenges facing the market for sealing and strapping packaging tapes. Conventional packing tapes contribute to plastic waste and pollution in the environment, especially if they are made of non-biodegradable materials like PVC or polypropylene. Additionally, there is a growing need for environmentally friendly substitutes that reduce the impact of packaging processes on the environment. The challenge for manufacturers now is to create sealing and strapping tapes that are recyclable or biodegradable without sacrificing strength and performance, in light of the growing sustainability movement.

Opportunity:

Developments in materials and tape technology

The market for sealing and strapping packaging tapes offers chances for innovation and distinction due to continuous advancements in tape technology and materials. In order to produce tapes with improved performance qualities—such as increased adhesion, strength, and environmental sustainability—manufacturers are investing in research and development. For instance, the creation of bio-based materials and pressure-sensitive adhesives enables the manufacturing of tapes that satisfy environmental standards in addition to performance demands. Furthermore, businesses can create cutting-edge sealing and strapping tapes that meet changing consumer demands and perform better by utilizing technological advancements.

Threat:

Price wars and intense competition

The existence of fierce competition and pricing wars among manufacturers is one of the main threats to the market for sealing and strapping packaging tapes. Many companies on the market are selling comparable goods, which puts pressure on prices and erodes margins. Manufacturers are frequently forced to cut prices in order to stay competitive, which can have a detrimental effect on sustainability and profitability. Moreover, aggressive pricing tactics have the potential to undermine product innovation or quality, which would ultimately lower customers' perceptions of the value of sealing and strapping tapes.

Covid-19 Impact: 

The market for sealing and strapping packaging tapes has been significantly impacted by the COVID-19 pandemic, presenting both opportunities and challenges. At first, lockdowns, travel bans, and factory closures caused supply chain disruptions in the market, which resulted in a shortage of raw materials and production delays. However, the need for packaging tapes to secure and protect shipments increased due to the rising demand for necessities, especially in the e-commerce industry. In order to meet the demands of a market that was changing quickly, there was an increasing emphasis on effective and dependable packaging solutions as businesses adjusted to remote work and consumers began to shop online.

The Acrylic segment is expected to be the largest during the forecast period

It is projected that the acrylic category will have the largest market share. The strong adhesive qualities of acrylic tapes make them popular because they can be applied to a variety of surfaces, such as cardboard, plastic, and metal. Their superior temperature resistance, UV stability, and durability make them ideal for a wide range of packaging applications in the manufacturing, logistics, and e-commerce sectors. Additionally, acrylic tapes are renowned for their fast track and durable holding power, which guarantees dependable package strapping and sealing during storage and transit.

The Polypropylene segment is expected to have the highest CAGR during the forecast period

The market's highest CAGR is predicted for the polypropylene segment. Because of their superior tensile strength, affordability, and resistance to tearing, polypropylene tapes are extensively used in the packaging industry. They are useful for sealing light to medium-weight packages because they have strong adherence to a range of surfaces. Furthermore, polypropylene tapes are renowned for their adaptability, which makes them perfect for use in a variety of industries like logistics, food and beverage, and e-commerce. The polypropylene segment of the sealing and strapping packaging tape market is expected to grow strongly due to the rising demand for dependable and affordable packaging options as well as developments in tape manufacturing technologies.

Region with largest share:

Packaging tapes for sealing and strapping have the largest market share in the Asia-Pacific region. The quick industrialization, the growing e-commerce industry, and the expansion of manufacturing activities throughout nations like China, India, Japan, and South Korea are some of the reasons for this dominance. In order to secure shipments during transit, sealing and strapping tapes have become increasingly in demand due to the growth of online retailing and the growing need for effective packaging solutions. Moreover, packaging tape demand is further fueled by the region's strong infrastructure development and logistics investments.

Region with highest CAGR:

The Latin America region is anticipated to hold the highest CAGR in the packaging tape market for sealing and strapping. Growing industrial activity is largely responsible for the region's growth, especially in nations like Argentina, Brazil, and Mexico. Reliable packaging solutions are in more demand as the e-commerce industry grows and customer preferences shift to online shopping in order to ensure the safe transit of goods. Additionally, the development of logistics networks and infrastructure is another factor driving the expansion of the packaging sector in Latin America.

 

Key players in the market

Some of the key players in Sealing and Strapping Packaging Tapes market include Intertape Polymer Group, Inc., Mactac, LLC, 3M Company, Nitto Denko Corporation, Tesa SE, Shurtapes Technologies, Adchem Corporation, Nichiban Co., Ltd., Avery Dennison Corporation, Scapa Group plc, Canadian Technical Tape Ltd, Advanced Tapes International and Berry Global Inc.

Key Developments:

In March 2024, 3M and HD Hyundai Korea Shipbuilding & Marine Engineering (KSOE) have signed a joint research project agreement to develop large liquid hydrogen storage tanks using Glass Bubbles from 3M – a high-strength, low-density hollow glass microsphere. The collaborative research will focus on developing a high-performance vacuum insulation system for liquified hydrogen storage and transportation.

In August 2022, Shurtape Technologies LLC, a manufacturer and marketer of adhesive tape and consumer home and office products, has announced a partnership with Nastro Technologies, a tech startup specializing in asset tracking technology located in San Antonio, Texas.
 
In January 2022, Mactac, a Lintec company, has announced it has entered into an agreement to purchase the assets of Spinnaker Coating, LLC, representing $130 million of specialty revenue at a price of $40 million. With Spinnaker, Lintec, and Duramark Products (formally Ritrama USA and acquired by Mactac earlier in 2021) serving the industry together, Mactac says it delivers customers unmatched technology, capability, service, and value.

Adhesive Types Covered:
• Acrylic
• Rubber-Based
• Silicone
• Other Adhesives Types
 
Materials Covered:
• Paper
• Polypropylene
• Polyvinyl Chloride
• Polyester
• Other Materials

Applications Covered:
• Carton Sealing Tapes
• Strapping & Building
• Other Applications

End Users Covered:
• Food & Beverages
• Pharmaceuticals
• Automotive
• Logistics
• Oil & Gas
• E-Commerce 
• Electronics
• Sports
• Furniture
• Kitchen Appliances
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
          
2 Preface         
 2.1 Abstract        
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology        
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions       
          
3 Market Trend Analysis         
 3.1 Introduction        
 3.2 Drivers        
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats        
 3.6 Application Analysis        
 3.7 End User Analysis        
 3.8 Emerging Markets        
 3.9 Impact of Covid-19        
          
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers        
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry        
          
5 Global Sealing and Strapping Packaging Tapes Market, By Adhesive Type         
 5.1 Introduction        
 5.2 Acrylic        
 5.3 Rubber-Based        
 5.4 Silicone        
 5.5 Other Adhesives Types        
          
6 Global Sealing and Strapping Packaging Tapes Market, By Material         
 6.1 Introduction        
 6.2 Paper        
 6.3 Polypropylene        
 6.4 Polyvinyl Chloride        
 6.5 Polyester        
 6.6 Other Materials        
          
7 Global Sealing and Strapping Packaging Tapes Market, By Application         
 7.1 Introduction        
 7.2 Carton Sealing Tapes        
 7.3 Strapping & Building        
 7.4 Other Applications        
          
8 Global Sealing and Strapping Packaging Tapes Market, By End User         
 8.1 Introduction        
 8.2 Food & Beverages        
 8.3 Pharmaceuticals        
 8.4 Automotive        
 8.5 Logistics        
 8.6 Oil & Gas        
 8.7 E-Commerce         
 8.8 Electronics        
 8.9 Sports        
 8.10 Furniture        
 8.11 Kitchen Appliances        
 8.12 Other End Users        
          
9 Global Sealing and Strapping Packaging Tapes Market, By Geography         
 9.1 Introduction        
 9.2 North America        
  9.2.1 US       
  9.2.2 Canada       
  9.2.3 Mexico       
 9.3 Europe        
  9.3.1 Germany       
  9.3.2 UK       
  9.3.3 Italy       
  9.3.4 France       
  9.3.5 Spain       
  9.3.6 Rest of Europe       
 9.4 Asia Pacific        
  9.4.1 Japan       
  9.4.2 China       
  9.4.3 India       
  9.4.4 Australia       
  9.4.5 New Zealand       
  9.4.6 South Korea       
  9.4.7 Rest of Asia Pacific       
 9.5 South America        
  9.5.1 Argentina       
  9.5.2 Brazil       
  9.5.3 Chile       
  9.5.4 Rest of South America       
 9.6 Middle East & Africa        
  9.6.1 Saudi Arabia       
  9.6.2 UAE       
  9.6.3 Qatar       
  9.6.4 South Africa       
  9.6.5 Rest of Middle East & Africa       
          
10 Key Developments         
 
10.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 10.2 Acquisitions & Mergers        
 10.3 New Product Launch        
 10.4 Expansions        
 10.5 Other Key Strategies        
          
11 Company Profiling         
 11.1 Intertape Polymer Group, Inc.            
 11.2 Mactac, LLC             
 11.3 3M Company        
 11.4 Nitto Denko Corporation        
 11.5 Tesa SE              
 11.6 Shurtapes Technologies            
 11.7 Adchem Corporation             
 11.8 Nichiban Co., Ltd.             
 11.9 Avery Dennison Corporation            
 11.10 Scapa Group plc        
 11.11 Canadian Technical Tape Ltd           
 11.12 Advanced Tapes International            
 11.13 Berry Global Inc              
          
List of Tables          
1 Global Sealing and Strapping Packaging Tapes Market Outlook, By Region (2021-2030) ($MN)         
2 Global Sealing and Strapping Packaging Tapes Market Outlook, By Adhesive Type (2021-2030) ($MN)         
3 Global Sealing and Strapping Packaging Tapes Market Outlook, By Acrylic (2021-2030) ($MN)         
4 Global Sealing and Strapping Packaging Tapes Market Outlook, By Rubber-Based (2021-2030) ($MN)         
5 Global Sealing and Strapping Packaging Tapes Market Outlook, By Silicone (2021-2030) ($MN)         
6 Global Sealing and Strapping Packaging Tapes Market Outlook, By Other Adhesives Types (2021-2030) ($MN)         
7 Global Sealing and Strapping Packaging Tapes Market Outlook, By Material (2021-2030) ($MN)         
8 Global Sealing and Strapping Packaging Tapes Market Outlook, By Paper (2021-2030) ($MN)         
9 Global Sealing and Strapping Packaging Tapes Market Outlook, By Polypropylene (2021-2030) ($MN)         
10 Global Sealing and Strapping Packaging Tapes Market Outlook, By Polyvinyl Chloride (2021-2030) ($MN)         
11 Global Sealing and Strapping Packaging Tapes Market Outlook, By Polyester (2021-2030) ($MN)         
12 Global Sealing and Strapping Packaging Tapes Market Outlook, By Other Materials (2021-2030) ($MN)         
13 Global Sealing and Strapping Packaging Tapes Market Outlook, By Application (2021-2030) ($MN)         
14 Global Sealing and Strapping Packaging Tapes Market Outlook, By Carton Sealing Tapes (2021-2030) ($MN)         
15 Global Sealing and Strapping Packaging Tapes Market Outlook, By Strapping & Building (2021-2030) ($MN)         
16 Global Sealing and Strapping Packaging Tapes Market Outlook, By Other Applications (2021-2030) ($MN)         
17 Global Sealing and Strapping Packaging Tapes Market Outlook, By End User (2021-2030) ($MN)         
18 Global Sealing and Strapping Packaging Tapes Market Outlook, By Food & Beverages (2021-2030) ($MN)         
19 Global Sealing and Strapping Packaging Tapes Market Outlook, By Pharmaceuticals (2021-2030) ($MN)         
20 Global Sealing and Strapping Packaging Tapes Market Outlook, By Automotive (2021-2030) ($MN)         
21 Global Sealing and Strapping Packaging Tapes Market Outlook, By Logistics (2021-2030) ($MN)         
22 Global Sealing and Strapping Packaging Tapes Market Outlook, By Oil & Gas (2021-2030) ($MN)         
23 Global Sealing and Strapping Packaging Tapes Market Outlook, By E-Commerce (2021-2030) ($MN)         
24 Global Sealing and Strapping Packaging Tapes Market Outlook, By Electronics (2021-2030) ($MN)         
25 Global Sealing and Strapping Packaging Tapes Market Outlook, By Sports (2021-2030) ($MN)         
26 Global Sealing and Strapping Packaging Tapes Market Outlook, By Furniture (2021-2030) ($MN)         
27 Global Sealing and Strapping Packaging Tapes Market Outlook, By Kitchen Appliances (2021-2030) ($MN)         
28 Global Sealing and Strapping Packaging Tapes Market Outlook, By Other End Users (2021-2030) ($MN)         
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.          

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials