Sealing and Strapping Packaging Tapes Market Size
Sealing And Strapping Packaging Tapes Market size was valued at more than USD 21 billion in 2022. Driven by the exponential surge in e-commerce, the market is poised to record a CAGR of 4.7% during 2023 and 2032. According to the Census Bureau of the Department of Commerce, the U.S. retail e-commerce sales for 2023 Q1 was estimated at over USD 272 billion, a rise of 3% from previous quarter.
To get key market trends
Download Free Sample
With online shopping soaring, businesses are scrambling to make sure their products get to customers safely and in tip-top shape. To achieve this, sealing and strapping packaging tapes are essential. These tapes are super sticky and strong, so they can handle any package, big or small, heavy or light. As more and more people buy things online, from big companies to small businesses, these tapes will be in high demand. Not only do they keep packages securely shut, but they also protect them from water, bumps, and being tossed around. This means your customers will get their orders in perfect condition, which keeps them happy and coming back for more.
Sealing and Strapping Packaging Tapes Market Growth Drivers & Restraints
The world's growing trade means businesses need to ship goods efficiently. This drives up demand for sealing and strapping tapes, which keep packages secure and protected during transport. However, the future of these tapes isn't all rosy. Two factors could hold them back1. Eco-conscious Consumers People are becoming more concerned about the environment and want sustainable packaging. This could hurt sales of traditional tapes made from materials that can't be recycled. 2. Strict Safety Rules Different industries have tough safety and quality standards for packaging. Meeting these standards can be expensive for companies that make and use sealing and strapping tapes. This could eat into their profits.
Sealing & Strapping Packaging Tapes Market Report Attributes
| 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 |
- Growth in E commerce Industry
- Increasing international trade
- Construction and building activities
|
| Pitfalls & Challenges |
- Shifting Consumer preference
- Regulatory Compliance for safety
- Fluctuation in raw material prices
|
What are the growth opportunities in this market?
Download Free Sample
COVID-19 Impact
As the COVID-19 pandemic spread, people became more reliant on online shopping for everything from groceries to clothes. This surge in e-commerce meant that more and more packages were being shipped daily. But the pandemic also caused problems with shipping and supplies. It became harder to get the raw materials needed to make packaging tape, and transportation was also disrupted. This led to price increases and sometimes it was hard to find the tape you needed. To make matters worse, people were worried about safety. They wanted to make sure that the packages they received weren't contaminated with the virus. This increased the demand for specialized packaging tapes that kill germs. Despite all these challenges, the packaging tape industry did well during the pandemic. People were buying more online, and they were willing to pay more for tape that would keep their packages safe. The pandemic also helped to raise awareness of the importance of packaging tape, and it's likely that the industry will continue to grow in the future.
Sealing and Strapping Packaging Tapes Market Trends
Hey there! People are becoming more and more worried about the environment, and that's having a big impact on businesses. Now, more than ever, companies are trying to find packaging tapes that are made from recycled materials and use less energy to make. This is a great trend that's totally in line with the growing awareness of the need to protect our planet. Businesses are responding by offering new kinds of sealing and strapping tapes that are made from biodegradable or compostable materials. These materials break down naturally over time, so they're much better for the environment than traditional plastics. Even giant companies like Amazon are getting on board with this eco-friendly movement. They're replacing their old plastic packaging with recyclable plastic and paper in countries all over the world. But the industry isn't just about being green. There's also a big push towards smart packaging technologies. These fancy new tapes have things like RFID tracking and tamper-evident seals built right in. This makes it easier to track packages as they move through the supply chain and helps protect them from tampering. So, it's clear that the industry is really working hard to meet the demands of environmentally conscious consumers and businesses. They're finding new and innovative ways to make packaging tapes that are better for the planet while also making it easier and safer to ship products. It's a win-win for everyone!
Sealing & Strapping Packaging Tapes Market Analysis
Learn more about the key segments shaping this market
Download Free Sample
Hey there! The market for sealing and strapping tapes is growing fast, especially for those used to bundle and secure heavy items. These tapes are like tough little superheroes, protecting your precious cargo from all kinds of bumps and bruises. Industries like shipping, construction, and manufacturing love these tapes because they can hold together stacks of items or strengthen boxes and pallets for long trips. They're made from strong stuff like polypropylene or polyester, so they can handle the tough stuff and keep your goods safe. Since companies are always looking for better ways to package their products efficiently, the demand for strapping and bundling tapes is only going to keep growing until 2032 and beyond. So, if you're in the shipping or manufacturing business, keep an eye out for these handy little helpers!
Learn more about the key segments shaping this market
Download Free Sample
In 2022, sealing and strapping packaging tapes made with acrylic segments made up a whopping 40% of the market's sales. And guess what? Experts predict it'll keep growing even more in the years to come. Why? Well, acrylic adhesive has superpowers. It's incredibly strong, versatile, and stands the test of time. It's the MVP when it comes to resisting temperature changes, moisture, and those pesky UV rays that can damage other adhesives. Plus, acrylic adhesive sticks like glue to almost anything you throw at it, like cardboard, plastic, even metal. So when you use acrylic packaging tapes, you can be sure your packages will stay sealed tight and strapped down during those bumpy rides to their destinations. And here's a cool factIn August 2022, Tesa came out with this awesome new 60412 Recycled PET packaging tape. It's got a backing that can handle some bumps and bruises, and of course, it's got that trusty acrylic adhesive.
Looking for region specific data?
Download Free Sample
Hey, check this out! In 2022, the North American market for packaging tapes that seal and strap stuff was a whopping $6.9 billion. And it's only getting bigger! Experts predict it'll keep growing like crazy between 2023 and 2032. Why is this happening? Well, the U.S. is a big deal in e-commerce, and it's only getting bigger. Plus, the country's got a bunch of factories and a super organized system for moving stuff around. So, companies need lots of packaging tapes to send all those online purchases safely. And here's a fun factin 2022, Americans spent over $1 trillion on online shopping for the first time ever. That's a lot of boxes and packages that need to be sealed! Plus, people are getting pickier about how their stuff is packaged. They want it to be strong, reliable, and eco-friendly. So, companies that make packaging tapes are in high demand. And with the focus on eco-friendly stuff, they're always looking for new and better ways to make tapes that are both strong and good for the environment. That's what's driving the growth of this market.
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
Click here to Buy Section of this Report
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
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
