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Sealing Strapping Packaging Tapes Market Size (2024 - 2029)

The sealing and strapping packaging tapes market is anticipated to experience significant growth, driven by the increasing demand from the e-commerce sector and the foodservice industry. These tapes play a crucial role in ensuring package security and integrity, which is vital for the safe transportation of consumer goods and food products. The market's expansion is further supported by ongoing research and development efforts by key industry players, aimed at innovating and enhancing product offerings to meet future demands.

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Market Size of Sealing Strapping Packaging Tapes Industry

Sealing Strapping Packaging Tapes Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 9.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Sealing Strapping Packaging Tapes Market Major Players

*Disclaimer: Major Players sorted in no particular order

Sealing and Strapping Packaging Tapes Market Analysis

The sealing-strapping-packaging-tapes market is expected to grow at a CAGR of 9% over the forecast period (2021-2026). These tapes are used for sealing, closing of corrugated fiberboard boxes, reinforcing of packages, bundling items, pallet unitizing, etc.

  • The e-commerce industry, wherein more and more consumer goods are being transported in single parcel shipments, the safety of such packages becomes an essential concern for the players. These tapes, therefore, provide a perfect solution to such players ensuring good sealability and closure of the packages. This is expected to boost the adoption of market growth over the forecast period.
  • For instance, during the 2019 edition of the Singles' Day Bonanza, Alibaba logged more than 268 billion yuan (USD 38.3 billion) of purchases, in which it shipped an estimated billion packages in a single day.
  • Some of the prominent players in the market, therefore, to cater to the future demand are increasingly conducting research and development activities that enable them to come up with product development.
  • In September 2019, 3M announced the availability of Scotch High Tack Box Sealing Tape 375+, an industrial packaging tape used for box sealing, splicing, recuperate, and other packaging applications.
  • The growing foodservice industry is increasingly deploying tamper-evident sealing tapes, which enables the food distributors to provide enhanced safety during delivery. For instance, in December 2018, Zomato introduced tamper-proof tapes to ensure protection against any chances of tampering with food.

Sealing and Strapping Packaging Tapes Industry Segmentation

Sealing-strapping-packaging-tapes are pressure-sensitive tapes that consist of a pressure-sensitive adhesive coated onto a backing material which is usually a polypropylene or polyester film, and fiberglass filaments This report segments the market by Material Type(Plastic, Paper, Cellophane), By Adhesive Type (Rubber-based, Acrylic, Hot-melt Adhesive), by End-user Industry(Pharmaceutical, Food Services, Logistics) and Geography.

By Material Type
Plastic
PP
PVC
Paper
Others
By Adhesive Type
Rubber-based
Acrylic
Hot Melt Adhesive
By End-user Industries
Logistics
Food Services
Pharmaceuticals
E-commerce
Others
Geography
North America
US
Canada
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Middle East and Africa
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Sealing Strapping Packaging Tapes Market Size Summary

The sealing and strapping packaging tapes market is poised for significant growth, driven by the increasing demand from the e-commerce and logistics sectors. These tapes are essential for sealing and reinforcing packages, ensuring the safe transport of goods, particularly in the burgeoning e-commerce industry where single parcel shipments are becoming the norm. The shift from traditional brick-and-mortar shopping to online shopping has heightened the need for reliable packaging solutions, as e-commerce relies heavily on manual distribution methods that require effective sealing and bundling capabilities. Key players in the market, such as 3M and Tesa, are actively developing innovative products to meet the diverse needs of the industry, offering a range of options in terms of lengths, widths, and adhesives to cater to specific packaging requirements.

The competitive landscape of the sealing and strapping packaging tapes market is characterized by high rivalry due to the presence of major companies like 3M Company and Berry Global Inc. These companies are investing in research and development to enhance their product offerings and maintain a competitive edge. The market remains fragmented, with numerous players introducing new products to capture market share. For instance, Kite Packaging and Monta have recently launched new tape products, including low noise and sustainable options, respectively. The growth of the logistics industry, coupled with the rise in online shopping, is expected to further propel the adoption of these packaging tapes, indicating a positive outlook for the market over the forecast period.

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Sealing Strapping Packaging Tapes Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Demand for superior strength, toughness and break strength of Sealing Materials

    3. 1.3 Market Restraints

      1. 1.3.1 Strict Regulations regarding Single Use Plastics

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material Type

      1. 2.1.1 Plastic

        1. 2.1.1.1 PP

        2. 2.1.1.2 PVC

      2. 2.1.2 Paper

      3. 2.1.3 Others

    2. 2.2 By Adhesive Type

      1. 2.2.1 Rubber-based

      2. 2.2.2 Acrylic

      3. 2.2.3 Hot Melt Adhesive

    3. 2.3 By End-user Industries

      1. 2.3.1 Logistics

      2. 2.3.2 Food Services

      3. 2.3.3 Pharmaceuticals

      4. 2.3.4 E-commerce

      5. 2.3.5 Others

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 US

        2. 2.4.1.2 Canada

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 UK

        3. 2.4.2.3 France

        4. 2.4.2.4 Rest of Europe

      3. 2.4.3 Asia Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Rest of Asia-Pacific

      4. 2.4.4 Latin America

      5. 2.4.5 Middle East and Africa

Sealing Strapping Packaging Tapes Market Size FAQs

The Sealing Strapping Packaging Tapes Market is projected to register a CAGR of 9% during the forecast period (2024-2029)

Berry Global Inc., CCT Tapes, Nichiban Co., Ltd., Nitto Denko Corporation and 3M Company are the major companies operating in the Sealing Strapping Packaging Tapes Market.

Sealing & Strapping Packaging Tapes Market Report Snapshots

Sealing & Strapping Packaging Tapes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)