According to the latest report by IMARC Group, titled, “Packaging Tapes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global packaging tapes market share, size, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the packaging tapes market?
|Market Size in 2022||US$ 75.1 Billion|
|Market Forecast in 2028||US$ 98.1 Billion|
|Growth rate (2023 to 2028)||CAGR of 4.50%|
|Base Year of the Analysis||2022|
What is packaging tapes?
Packaging tapes are essential for ensuring the safe and secure transportation of goods and products. They can be manufactured from several materials that are designed to adhere to surfaces and provide reliable sealing. The production process of packaging tapes generally involves the use of polypropylene or polyester, which offers the structural integrity of tapes. They are commonly available in numerous lengths, widths, and thicknesses to accommodate a wide array of packaging requirements. These tapes come in various colors, thereby allowing for easy identification and categorization of packages. They are also compatible with automated or manual packaging processes, which in turn, make them suitable for both large-scale industrial and small-scale applications. Presently, some of the common types of product variants available in the market include water-activated, pressure-sensitive, and filament tapes.
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What are the growth prospects and trends in the packaging tapes industry?
The expanding manufacturing sector is primarily driving the packaging tapes market. Additionally, the rising number of online shopping activities is further bolstering the market growth. Besides this, the inflating need for secure and efficient packaging options to ensure the safety of products during transit is acting as another significant growth-inducing factor. Moreover, the widespread adoption of these tapes across the e-commerce, retail, and logistics industries, as they are versatile and cost-effective, is positively influencing the global market. Apart from this, the increasing consumer awareness towards sustainable packaging materials is also stimulating the market growth. Furthermore, continuous technological advancements by leading manufacturers to improve adhesive formulations are anticipated to fuel the packaging tapes market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Tape Type Insights:
- Pressure-Sensitive Tape
- Masking Tape
- Duct Tape
- Filament Tape
Material Type Insights:
- Metal Foil
End Use Insights:
- Food and Beverages
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 3M Company
- ADH Tape
- B Fuller company
- Intertape Polymer Group Inc.
- LORD Corporation (Parker Hannifin Corporation)
- Nitto Denko Corporation
- PPM Industries S.p.A.
- Scapa Group Ltd. (Mativ Holdings, Inc)
- Shurtape Technologies LLC
- Tesa SE Group (Beiersdorf AG), etc.
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