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Sealing and Strapping Packaging Tapes Market Trends

Report ID: GMI6369
Published Date: Aug 2023
Report Format: PDF

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Sealing and Strapping Packaging Tapes Market Trends

With the wider environmental conscious, businesses are actively seeking packaging tapes made from recyclable materials and adopting more sustainable production processes. This trend aligns with the global push towards eco-consciousness. The manufacturers are investing in innovative, biodegradable, and compostable sealing and strapping tapes to meet the demands of environmentally responsible consumers. The e-commerce behemoth Amazon is shifting to recyclable plastic packaging as well as paper packaging across many nations. Moreover, there is a rising adoption of smart packaging technologies that incorporate features like RFID tracking and tamper-evident seals, enhancing supply chain visibility and product security. These trends reflect the sealing & strapping packaging tapes industry's dedication to addressing environmental challenges and leveraging technology to optimize packaging operations for a more efficient and sustainable future.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for sealing and strapping packaging tapes was valued at more than USD 21 billion in 2022. Driven by the exponential surge in e-commerce, the market is poised to record a CAGR of 4.7% during 2023 and 2032.

The acrylic segment of sealing and strapping packaging tapes industry accounted for a 40% revenue share in 2022, attributed to the exceptional bonding strength, versatility, and durability acrylic adhesive, along with the superior resistance to temperature fluctuations, moisture, and UV radiation.

North America market for sealing and strapping packaging tapes was worth USD 6.9 billion in 2022 and is estimated to showcase impressive growth trends during 2023 and 2032, backed by a mature e-commerce sector, a robust manufacturing base, and a well-established logistics infrastructure.

3M Company, tesa SE, Avery Dennison Corporation, Intertape Polymer Group Inc., Nitto Denko Corporation, Scapa Group plc, Shurtape Technologies, LLC, Bostik SA, Saint-Gobain Performance Plastics Corporation, and Advance Tapes International Ltd. among others.