Sealing & Strapping Packaging Tapes Market expected to reach $ 24.79 billion by 2026

Market Analysis: Global Sealing & Strapping Packaging Tapes Market

Sealing & strapping packaging tapes market

Market Definition: Global Sealing & Strapping Packaging Tapes Market

Sealing packaging tapes are adhesive tapes that are utilized to seal the cartons and corrugated boxes. These tapes generally compose of pressure-sensitive adhesive present on the backing material that has high level of shear strength capable of handling heavy loads.

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Strapping tapes are high-strength adhesive tapes providing large-scale tensile strength due to its production method which involves utilizing pressure-sensitive adhesives on a backing material made of fiberglass filaments and PVC or PP films. The grading of these tapes depend on their tensile strength and their sizing.

Market Drivers:

Increasing usage of packaging products from the developing regions of the world due to a surge in e-commerce industry is expected to positively affect the growth of the market

Widespread adoption and preference of these tapes due to the comfort of usage; this factor is expected to drive the growth of the market

Longer duration of shelf-life and better adhesion strength are characteristics fostering growth of the market value


Market Restraints:

Increasing prices of the product due to a surge in pricing of raw materials; this factor is expected to restrain the growth of the market

Presence of strict compliances regarding the usage of adhesive-based tapes is expected to hamper growth of the market


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Global Sealing & Strapping Packaging Tapes Market Segmentation:

By Material

Paper

Polypropylene (PP)

Polyvinyl Chloride (PVC)

Others

Ethylene Vinyl Acetate

Polyester



By Adhesive Type

Acrylic

Rubber

Silicone

Others


By Application

Carton Sealing

Strapping & Bundling


By Geography

North America

U.S.

Canada

Mexico


South America

Brazil

Argentina

Rest of South America


Europe

Germany

United Kingdom

Italy

France

Spain

Russia

Turkey

Belgium

Netherlands

Switzerland

Rest of Europe


Asia-Pacific

Japan

China

South Korea

India

Australia

Singapore

Thailand

Malaysia

Indonesia

Philippines

Rest of Asia-Pacific


Middle East and Africa

South Africa

Egypt

Saudi Arabia

United Arab Emirates

Israel

Rest of Middle East and Africa



Key Developments in the Market:

In November 2018, Intertape Polymer Group announced that they had completed the acquisition of the remaining share of Powerband Industries, based in India for approximately USD 9.9 million. This acquisition will enable Intertape to service their consumers in the North American and European market for packaging tapes. This will also enable them to expand their geographical presence in the location as well as worldwide due to the low-cost manufacturing facilities acquired along with the company.

In February 2017, Shurtape Technologies, LLC announced that they had acquired Syntac Coated Products, LLC. This acquisition will establish a combined organisation providing a variety of adhesive offerings and solutions to the several applicable end-users. It will also enable further innovations due to the expertise of both the companies in offering specialised tape solutions, expanding the production and commercialization capabilities to better serve the global consumers.


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Competitive Analysis:

Global Sealing & strapping packaging tapes market

Key Market Competitors: Global Sealing & Strapping Packaging Tapes Market

Few of the major competitors currently working in the global sealing & strapping packaging tapes market are Avery Dennison Corporation; 3M; Intertape Polymer Group; NITTO DENKO CORPORATION; tesa SE - A Beiersdorf Company; NICHIBAN Co., Ltd.; Shurtape Technologies, LLC; Mactac Americas; Ajit Industries Pvt. Ltd.; Advance Tapes International; Cantech; Industrias TUK, S.A. de C.V.; Berry Global Inc.; Adhesives Research, Inc.; Stick Tapes Private Limited; Can-Do National Tape; Euro Tapes Private Limited (Unit Of Euro Technologies); UltraTape; U Pack; Xinxiang Yongsheng Packaging Materials Technology Co., Ltd. and RAJAPACK Ltd among others.

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