Market Share of Sealing Strapping Packaging Tapes Industry
The competitive rivalry in thesealing strapping packaging tapes market is high owing to the presence of some key players such as 3M Company, Berry Global Inc., amongst others. The players in the market through research and development have been able to come up with the product developments that enable them to better serve the market, in turn, boosting the growth. However, the market remains fragmented.
- In August 2019 -Kite Packaginglaunchedfour newmachine tapes that are available intwo width sizes -a 48mm and a 75mm. The companyalso introduced a new Kite low noise solvent tape and a vinyl tape, both of which are lower cost than the businesses' previous low noise and vinyl tapes and are Kite branded.
- In February 2020 - Montalaunched a new self-adhesive tape, monta biopack, asustainable self-adhesive tape thatconsists of a bio-based film, the natural rubber adhesive consists of predominantly renewable primary materials.
Sealing and Strapping Packaging Tapes Market Leaders
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Berry Global Inc.
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CCT Tapes
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Nichiban Co., Ltd.
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Nitto Denko Corporation
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3M Company
*Disclaimer: Major Players sorted in no particular order
