Sealing and Strapping Packaging Tapes Market Analysis

Sealing & Strapping Packaging Tapes Market Analysis

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The sealing and strapping packaging tapes market share from strapping and bundling application is projected to grow at a rapid rate through 2032, as the product is widely used as a robust & efficient solution for securing and stabilizing bulky loads. Strapping tapes, often made from materials like polypropylene or polyester, find usage in industries such as logistics, construction, and manufacturing, where there is a need to bundle together multiple items or reinforce cartons and pallets for transportation. These tapes provide high tensile strength and exceptional resistance to tearing, ensuring safe & secure handling of goods throughout the supply chain. As businesses continue to prioritize efficient and reliable packaging methods for large-scale shipments, the strapping and bundling application segment is expected to witness sustained growth through 2032.
 

The acrylic segment of sealing and strapping packaging tapes market accounted for a 40% revenue share in 2022 and is touted to gain traction over the forecast period. The segment growth can be attributed to the exceptional bonding strength, versatility, and durability acrylic adhesive, along with the superior resistance to temperature fluctuations, moisture, and UV radiation. They provide reliable adhesion to various surfaces, including cardboard, plastic, and metal, ensuring secure sealing and strapping of packages during transit. The increasing demand for packaging tapes that offer long-lasting performance and withstand challenging environmental conditions will favor the adoption of products with acrylic adhesive. In August 2022, Tesa launched 60412 Recycled PET packaging tape with abrasions-resistant backing and pressure-sensitive acrylic adhesive.
 

North America sealing and strapping packaging tapes market was worth USD 6.9 billion in 2022 and is estimated to showcase impressive growth trends during 2023 and 2032. With a mature e-commerce sector, a robust manufacturing base, and a well-established logistics infrastructure, the region offers immense opportunities for packaging tape manufacturers. According to figures released by the U.S. Department of Commerce, the e-commerce sales in the nation surpassed USD 1 trillion in 2022, for the first time. The growing consumer preference for online shopping and the increasing demand for reliable packaging solutions are boosting the product demand. Moreover, the stringent regulatory standards have led to a focus on high-quality and compliant packaging tapes. This factor, in consort with the shift toward eco-friendly packaging practices shaping the regional market outlook.