Sealing and Strapping Packaging Tapes Market Size
Taping and strapping packaging materials In 2022 the market size was estimated to be more than USD 21 billion. Driven by the exponential explosive rise in e-commerce, the market is poised to register a CAGR of 4.7% throughout 2023 and 2032. The U.S. retail e-commerce sales for 2023 Q1 were projected by the Census Bureau of the Department of Commerce at approximately USD 272 billion, a 3% increase from previous quarter.
Businesses are rushing to ensure their goods reach consumers safely and in perfect condition as internet buying soars. One must use strapping and sealing tapes if one is to reach this. These tapes can manage any size, big or tiny, heavy or light since they are highly strong and sticky. These cassettes will be highly sought after as more and more individuals purchase goods online—from large corporations to small businesses. They guard parcels against water, shocks, and being thrown about in addition to keeping them tightly closed. Your clients will therefore receive their orders in flawless condition, which will satisfy them and encourage their returning behavior.
Sealing and Strapping Packaging Tapes Market Growth Drivers & Restraints
The increasing trade in the world calls on companies to effectively ship goods. This increases demand for strapping and sealing tapes, which keep goods safe and secure on route. Still, the future of these recordings is not quite sunny. Two elements could prevent themConsumers that care about the environment are growing more demanding sustainable packaging. This may reduce the sales of conventional tapes produced from non- recyclable materials. Different sectors have strict safety and quality criteria for packaging. For businesses which manufacture and apply strapping and sealing tapes, meeting these criteria can be costly. This can reduce their earnings.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Sealing & Strapping Packaging Tapes Market Size in 2022 | USD 21.4 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 4.7% |
| 2032 Value Projection | USD 34 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 150 |
| Tables, Charts & Figures | 190 |
| Segments covered | By Material, By Adhesive, By Application, By Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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COVID-19 Impact
From groceries to clothes, individuals started depending more on online buying as the COVID-19 epidemic grew. This boom in e-commerce entailed daily shipment of increasingly more goods. Still, the epidemic brought supply and logistics issues as well. Transportation was also disturbed and it became more difficult to obtain the components required to produce packaging tape. This resulted in price rises and occasionally it was difficult to locate the required tape. To exacerbate things, people's concerns included safety. They aimed to ensure the virus was not present in the received packages. This raised demand for specifically designed packing tapes with germ killing power. Notwithstanding all these difficulties, the packing tape business performed rather well during the epidemic. Individuals were shopping more online and ready to pay extra for tape meant to protect their goods. The epidemic also brought attention to the value of packing tape; going forward, the sector most likely will keep expanding.
Sealing and Strapping Packaging Tapes Market Trends
Hey now! The environment is causing increasing concern among people, which is affecting companies greatly. Companies are now more than ever searching for packaging tapes made from recycled materials and with reduced energy consumption in manufacture. This is a fantastic trend completely in keeping with the rising consciousness of the need of preserving our earth. Companies are reacting with fresh types of strapping and sealing tapes composed of biodegradable or compostable materials. Natural breakdown of these materials over time makes them far friendlier for the environment than conventional plastics. This environmentally friendly movement is also being embraced by even behemoths like Amazon. Globally, they are substituting recyclable plastic and paper for their outdated plastic packaging in nations everywhere. Still, the business is more than just greening. Additionally heavily pushed are smart packaging technology. These chic new tapes feature tamper-evident sealing built right in and RFID monitoring. This helps guard packages from tampering and facilitates tracking of them as they pass the supply chain. Thus, it is abundantly evident that the sector is actively trying to satisfy companies' needs as well as those of environmentally concerned consumers. They are discovering fresh and creative approaches to create environmentally friendly packaging tapes that also simplify and guarantee safer shipping of goods. Everybody benefits from it!
Sealing & Strapping Packaging Tapes Market Analysis
Hello There! Particularly for those used to wrap and secure bulky goods, the market for sealing and strapping tapes is expanding quickly. These tapes guard your valuable load from all kinds of bumps and bruises like brave tiny superheroes. Shipping, construction, and manufacturing enjoy these tapes since they may keep together stacks of goods or stiffen boxes and pallets for extended travels. Made from robust materials like polypropylene or polyester, they can withstand the demanding conditions and protect your items. Demand for strapping and bundling tapes is only expected to keep rising until 2032 and beyond since businesses are continually seeking for better ways to package their goods effectively. Therefore, if you own a manufacturing or shipping company, look for these useful small assistants!
Acrylic sector packaging tapes composed of sealing and strapping accounted for an amazing forty percent of the market sales in 2022. And let me say what? Forecasts by experts indicate it will continue to rise even more in the next years. Why is that? Indeed, acrylic adhesive has superpowers. It tests of time, is quite strong and flexible. When it comes to resisting temperature variations, moisture, and those bothersome UV rays that could compromise other adhesives, it's the MVP. Plus, practically everything you toss at acrylic adhesive sticks—like glue—including cardboard, plastic, even metal. Thus, you can be confident that your items will remain tightly sealed and strapped down during those bumpy travels to their destinations when you use acrylic packing tapes. And here's another interesting factTesa unveiled some fantastic new 60412 Recycled PET packing tape in August 2022. Of course, it boasts that reliable acrylic adhesive and can withstand some bumps and bruises.
Hey, look at this! The North American market for packaging tapes sealing and strapping goods was about $6.9 billion in 2022. And it's only getting bigger! Between 2023 and 2032, experts estimate it will keep expanding wildingly. What is causing this? In e-commerce, the United States is indeed rather important and only increasing more so. The nation also has a highly ordered system for transporting goods around and many factories. Companies thus require plenty of packaging tapes to securely send all those online orders. And here's an interesting statisticAmericans spent more than $1 trillion on first-time online purchases by 2022. There are plenty of boxes and packets to seal here! People are also become more discriminating about the packaging of their goods. They want it to be robust, dependable, and environmentally responsible. Companies that produce packing tapes are therefore very sought for. And with the emphasis on environmentally friendly products, they are constantly searching for fresh and better methods to create tapes that are both robust and benign. That's the reason this market is expanding.
Sealing and Strapping Packaging Tapes Market Share
Some prominent players in the global sealing and strapping packaging tapes market are
- 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
- Advance Tapes International Ltd.
These players concentrate on strategic partnerships, new product launches, and commercialization efforts for market growth. Furthermore, they make huge investments in research & development to launch advanced products and gain maximum market revenue.
Sealing & Strapping Packaging Tapes Industry News
- In March 2023, tesa launched the tesa 51344 paper-based tear tape for shipping envelopes and boxes, improving recyclability by eliminating the need to separate adhesive tapes.
- In December 2022, Shurtape Technologies acquires Pro Tapes & Specialties, aiming to boost growth by investing in manufacturing capacity, sales efforts, and marketing activities for both companies.
The sealing and strapping packaging tapes market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2018 to 2032, for the following segments
By Material
- Paper
- Polypropylene
- Polyvinyl Chloride
- Other
By Adhesive
- Acrylic
- Rubber-based
- Silicone
- Others
By Application
- Carton Sealing & Inner Packaging
- Strapping & Bundling
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
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