Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Packaging Tapes Market Size Expected to Grow from USD 13.86 Billion in 2023 to USD 20.68 Billion by 2033, at a CAGR of 4.08% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Packaging Tapes Market Size, Share, and COVID-19 Impact Analysis, By Resin Type (Polyester, Epoxy, Vinyl Ester, And Others), By End-user Industry (Marine, Transportation, Construction, Wind Energy, And Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The packaging tapes market is an international industry of manufacturing, marketing, and utilisation of pressure-sensitive adhesive tapes applied for the sealing, wrapping, and bundling of goods in different businesses. The material for these tapes may be made from polypropylene, PVC, or paper and may utilize adhesives like acrylic, rubber, and silicone. Moreover, the packaging tapes market is propelled by growth in demand from the logistics and e-commerce industries, driven by expanding online purchasing and international trade. Expansion in the food and beverage, pharmaceuticals, and consumer goods markets also stimulates demand. The development of adhesive technology, growing demand for green tapes, and growing industrial packaging requirements also drive market growth. Furthermore, packaging process automation improves the uptake of high-performance tapes. However, unstable raw material prices, environmental issues related to plastic-based tapes, and regulatory tightening of packaging waste limit market growth. Furthermore, alternatives such as biodegradable adhesives affect demand for traditional packaging tapes.
The polyester segment accounted for the largest share of the global packaging tapes market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of resin type, the global packaging tapes market is divided into polyester, epoxy, vinyl ester, and others. Among these, the polyester segment accounted for the largest share of the global packaging tapes market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Polyester tapes have good tensile strength, thermal resistance, and chemical resistance, which make them very suitable for heavy-duty packaging. Their extensive application in logistics, e-commerce, and industry packaging further contributes to the dominance of this segment in the market.
The transportation segment accounted for a substantial share of the global packaging tapes market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of the end-user industry, the global packaging tapes market is divided into marine, transportation, construction, wind energy, and others. Among these, the transportation segment accounted for a substantial share of the global packaging tapes market in 2023 and is anticipated to grow at a rapid pace during the projected period. The increasing need for safe and long-lasting packaging solutions in the automotive, aerospace, and logistics sectors propels its supremacy. Rising international trade, growth in e-commerce, and strict safety regulations further enhance the application of high-performance packaging tapes in this industry.
Asia Pacific is projected to hold the largest share of the global packaging tapes market over the projected period.
Asia Pacific is projected to hold the largest share of the global packaging tapes market over the projected period. This is led by fast-paced industrialization, booming e-commerce, and firm demand from the construction, automotive, and logistics sectors. China, India, and Japan are major drivers of the market with higher manufacturing activity, increasing trade networks, and robust demand for strong and efficient packaging solutions in a wide range of industries.
North America is expected to grow at the fastest CAGR growth of the global packaging tapes market during the projected period. The growth is driven by the growing e-commerce industry, increasing demand for sustainable packaging solutions, and robust logistics and transportation industries. Furthermore, the developments in adhesive technologies and rising applications of high-performance tapes in the food, beverage, and pharmaceutical industries further fuel market growth in the region.
Company Profiling
Major vendors in the global packaging tapes market are 3M, Sika AG, Akzo Nobel N.V., Ashland, Eastman Chemical Company, LyondellBasell Industries Holdings B.V., INEOS, Polynt S.p.A., Reichhold LLC, Scott Bader Company Ltd., Gurit Services AG, Interplastic Corporation, Poliya, HK Research Corporation, Allnex GMBH, Atul Ltd, Bang & Bonsomer, BÜFA Composite Systems GmbH & Co. KG, GRP Factors Ltd, Seahawkpaints.com., and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global packaging tapes market based on the below-mentioned segments:
Global Packaging Tapes Market, By Resin Type
Global Packaging Tapes Market, By End-user Industry
Global Packaging Tapes Market, By Regional
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