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.
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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
• Silicone
• Rubber
• Other Types of Adhesives
Materials Covered:
• Polyvinyl Chloride
• Polypropylene
• Paper
• Polyester
• Other Materials
Applications Covered:
• Carton Sealing & Inner Packaging
• Strapping & Bundling
End Users Covered:
• Food & Beverages
• Pharmaceuticals
• Automotive
• Logistics
• Oil & Gas
• E-Commerce
• Electronics
• Sports
• Furniture
• Kitchen Appliances
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
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