Sealing and Strapping Packaging Tapes Market Forecasts to 2028 – Global Analysis By Type of adhesive (Acrylic and Hot Melt Adhesive, Silicone, Rubber, Other Types of Adhesives) and By Geography
According to Stratistics MRC, the Global Sealing and Strapping Packaging Tapes Market is accounted for $19.12 billion in 2020 and is expected to reach $32.60 billion by 2028 growing at a CAGR of 6.9% during the forecast period. Factors such as growing packaging industry and increasing demand for secondary packages are driving the growth of the market. However, stringent government regulations are hampering the growth of the market.
Sealing and strapping packaging tapes are utilized for secure transporting of fragile products as well as bulky loads. These tapes are reliable, durable, and appropriate for unitizing, bundling, palletizing, and colour coding.
Based on the type of adhesive, the rubber segment is anticipated to expand at a rapid pace during the forecast period due to the high adhesive strength offered by it along with the clean removal and balanced adhesion on the applied surfaces. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the rising demand from the growing e-commerce retail in the developing economies.
Some of the key players profiled in the Sealing and Strapping Packaging Tapes Market include Berry Global Inc, 3M Company, Avery Dennison Corporation, Nitto Denko Corporation, CCT Tapes, Tesa SE, Nichiban Co., Ltd., Intertape Polymer Group, Inc., Mactac, LLC, Advanced Tapes International, Ajit Industries, Scapa Group plc, Shurtapes Technologies, Adchem Corporation, and Canadian Technical Tape Ltd.
Types of Adhesive Covered:
• Acrylic and Hot Melt Adhesive
• Other Types of Adhesives
• Polyvinyl Chloride
• Other Materials
• Carton Sealing & Inner Packaging
• Strapping & Bundling
End Users Covered:
• Food & Beverages
• Oil & Gas
• Kitchen Appliances
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2019, 2020, 2021, 2025, and 2028
- 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
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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
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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