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Global Sealing and Strapping Packaging Tapes Market: By Material: Paper, Polypropylene, Polyvinyl Chloride; By Typeof Adhesive: Acrylic, Rubber, Silicone; By Application: Carton Sealing, Strapping & Bundling; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments
Global Sealing and Strapping Packaging Tapes Market Outlook
The global sealing and strapping packaging tapes market attained a value of USD 17.7 billion in 2020 and is expected to grow at a CAGR of 5% during the forecast period 2021-2026 to reach a value of USD 23.7 billion by 2026. The growth in the outdoor apparel industry due to increasing consumer health awareness and increased fitness activities is expected to drive the market growth of sealing and strapping packaging tapes during the forecast period.
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Sealing and Strapping Packaging Tapes: Industry Definition and Segmentation
Sealing and strapping packaging tapes are pressure-sensitive tapes used for various packaging functions such as reinforced packaging, bundling products, unitising of pallets, etc.
The market can be broadly categorised based on materials, types of adhesive, and applications.
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Based on material, the market can be segmented into:
- Paper
- Polypropylene
- Polyvinyl Chloride
- Others
On the basis of the type of adhesive, the market can be categorised into:
- Acrylic
- Rubber
- Silicone
- Others
Based on its application, the market can be divided into:
- Carton Sealing
- Strapping and Bundling
The EMR report looks into the regional markets of sealing and strapping packaging tapes like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The market for sealing and strapping packaging tapes is being driven by the rising demand for protective clothing and accessories like military, surgical/medical, and chemical protective clothing. Due to the several advantages and benefits of sealing and strapping packaging tapes, these have been extended to several end-uses, generating significant growth prospects over the forecast period. Due to the rising number of food and beverage and electronic manufacturers witnessing an increased growth, the use of sealing and big packaging bands are seeing a rapid increase, which is aiding the growth of the sealing and strapping packaging tapes industry.
Key Industry Players in the Global Sealing and Strapping Packaging Tapes Market
The report presents a detailed analysis of the following key players in the global sealing and strapping packaging tapes market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Avery Dennison Corporation (NYSE: AVY)
- 3M Company
- Nitto Denko Corporation
- Intertape Polymer Group Inc.
- Tesa SE
- Scapa Group PLC
- Nichiban Co., Ltd.
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Sealing and Strapping Packaging Tapes Market Analysis
6.1 Global Sealing and Strapping Packaging Tapes Market (2016-2020) & Forecast (2021-2026)
6.2 Global Sealing and Strapping Packaging Tapes Market Breakup by Material
6.2.1 Paper
6.2.2 Polypropylene
6.2.3 Polyvinyl Chloride
6.2.4 Others
6.3 Global Sealing and Strapping Packaging Tapes Market Breakup by Material: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Paper
6.3.2 Polypropylene
6.3.3 Polyvinyl Chloride
6.3.4 Others
6.4 Global Sealing and Strapping Packaging Tapes Market Breakup by Type of Adhesive
6.4.1 Acrylic
6.4.2 Rubber
6.4.3 Silicone
6.4.4 Others
6.5 Global Sealing and Strapping Packaging Tapes Market Breakup by Type of Adhesive: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 Acrylic
6.5.2 Rubber
6.5.3 Silicone
6.5.4 Others
6.6 Global Sealing and Strapping Packaging Tapes Market by Application
6.6.1 Carton Sealing
6.6.2 Strapping & Bundling
6.7 Global Sealing and Strapping Packaging Tapes Market by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 Carton Sealing
6.7.2 Strapping & Bundling
6.8 Global Sealing and Strapping Packaging Tapes Market by Region
6.8.1 North America
6.8.1.1 United States of America
6.8.1.2 Canada
6.8.2 Europe
6.8.2.1 Germany
6.8.2.2 United Kingdom
6.8.2.3 France
6.8.2.4 Italy
6.8.2.5 Others
6.8.3 Asia Pacific
6.8.3.1 China
6.8.3.2 Japan
6.8.3.3 India
6.8.3.4 ASEAN
6.8.3.5 Others
6.8.4 Latin America
6.8.4.1 Brazil
6.8.4.2 Argentina
6.8.4.3 Mexico
6.8.4.4 Others
6.8.5 Middle East & Africa
6.8.5.1 Saudi Arabia
6.8.5.2 United Arab Emirates
6.8.5.3 Nigeria
6.8.5.4 South Africa
6.8.5.5 Others
6.9 Global Sealing and Strapping Packaging Tapes Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.9.1 North America
6.9.1.1 United States of America
6.9.1.2 Canada
6.9.2 Europe
6.9.2.1 Germany
6.9.2.2 United Kingdom
6.9.2.3 France
6.9.2.4 Italy
6.9.2.5 Others
6.9.3 Asia Pacific
6.9.3.1 China
6.9.3.2 Japan
6.9.3.3 India
6.9.3.4 ASEAN
6.9.3.5 Others
6.9.4 Latin America
6.9.4.1 Brazil
6.9.4.2 Argentina
6.9.4.3 Mexico
6.9.4.4 Others
6.9.5 Middle East & Africa
6.9.5.1 Saudi Arabia
6.9.5.2 United Arab Emirates
6.9.5.3 Nigeria
6.9.5.4 South Africa
6.9.5.5 Others
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
8.6 Substitutes
9 Regional Price Analysis
9.1 North America Sealing and Strapping Packaging Tapes Historical Price Trends (2016-2020) & Forecast (2021-2026)
9.2 Europe Sealing and Strapping Packaging Tapes Historical Price Trends (2016-2020) & Forecast (2021-2026)
9.3 Asia Pacific Sealing and Strapping Packaging Tapes Historical Price Trends (2016-2020) & Forecast (2021-2026)
9.4 Latin America Sealing and Strapping Packaging Tapes Historical Price Trends (2016-2020) & Forecast (2021-2026)
9.5 Middle East & Africa Sealing and Strapping Packaging Tapes Historical Price Trends (2016-2020) & Forecast (2021-2026)
10 Competitive Landscape & Supplier Analysis
10.1 Avery Dennison Corporation (NYSE: AVY)
10.1.1 Company Overview
10.1.2 Financial Analysis
10.2 3M Company (NYSE: MMM)
10.2.1 Company Overview
10.2.2 Financial Analysis
10.3 Nitto Denko Corporation (TYO: 6988)
10.3.1 Company Overview
10.3.2 Financial Analysis
10.4 Intertape Polymer Group Inc. (TSE: ITP)
10.4.1 Company Overview
10.4.2 Financial Analysis
10.5 Tesa SE
10.5.1 Company Overview
10.5.2 Financial Analysis
10.6 Scapa Group PLC (LON: SCPA)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.7 Nichiban Co., Ltd. (TYO: 4218)
10.7.1 Company Overview
10.7.2 Financial Analysis
10.8 Others
11 Industry Events and Developments
Additional Customisations Available:
1 Manufacturing Process
1.1 Detailed Process Flow
1.2 Operations Involved
1.3 Mass Balance
2 Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
Key Questions Answered in the Report
In 2020, the global sealing and strapping packaging tapes market attained a value of nearly USD 17.7 billion.
The market is projected to grow at a CAGR of 5% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 23.7 billion by 2026.
The major drivers of the industry, such as the growing demand from various end use sectors, increasing hygiene awareness, thriving food and beverages industry, growing sales of consumer electronics, expanding retail industry, and growing technological advancements, are expected to aid the market growth.
The key market trends guiding the growth of the market include the growing R&D activities and expanding e-commerce sector.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major materials required to produce sealing and strapping packaging tapes include paper, polypropylene, and polyvinyl chloride, among others.
The significant adhesive-types used for sealing and strapping packaging tapes include acrylic, rubber, and silicone, among others.
Sealing and strapping packaging tapes find major applications in carton sealing and strapping and bundling.
The major players in the industry are Avery Dennison Corporation, 3M Company, Nitto Denko Corporation, Intertape Polymer Group Inc., Tesa SE, Scapa Group PLC, and Nichiban Co., Ltd., among others.
Analyst Review
The global sealing and strapping packaging tapes market attained a value of USD 17.7 billion in 2020, driven by the growing demand from major end use sectors and growing retail sector. Aided by the expanding e-commerce industry and growing demand for on demand logistics, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5%. The market is projected to reach USD 23.7 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on material, the sealing and strapping packaging tapes industry can be segmented into paper, polypropylene, and polyvinyl chloride, among others. On the basis of type of adhesive, the industry is divided into acrylic, rubber, and silicone, among others. Based on application, the industry is bifurcated into carton sealing and strapping and bundling. The major regional markets for sealing and strapping packaging tapes are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Avery Dennison Corporation, 3M Company, Nitto Denko Corporation, Intertape Polymer Group Inc., Tesa SE, Scapa Group PLC, and Nichiban Co., Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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