United States End-of-line Packaging Tape Market Size By Product(parcel tapes, light duty packaging tapes), By Application(pharmaceutical, food and beverage, automotive) And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
United States End-of-line Packaging Tape Market Size By Product(parcel tapes, light duty packaging tapes), By Application(pharmaceutical, food and beverage, automotive) And Forecast
United States End-of-line Packaging Tape Market Size And Forecast
United States End-of-line Packaging Tape Market size was valued at USD 1,724.18 Million in 2020 and is projected to reach USD 2,462.73 Million by 2028, growing at a CAGR of 4.75% from 2021 to 2028.
The U.S end of line packing is a major sector of growth in the industry owing to growing development and industrialization. Growing demand for various product in different end use industries is propelling the demand of market. The United States End-of-line Packaging Tape Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is End-of-line Packaging Tape?
Think of end-of-line packaging tape as your trusty sidekick for getting things ready to go. It's the stuff you use to seal up boxes, wrap things tight, and generally bundle everything together so it's ready for handling, storage, or shipping. This type of tape is super versatile – you see it everywhere, sealing up boxes, bottles, and all sorts of containers. What's really driving its popularity is automation; when companies use automated taping systems in their packaging lines, the demand for this tape shoots up. Plus, automation helps avoid messy, over-taped packages, leaving customers with a neat, professional-looking final product. So, more automation in packaging means a bigger market for end-of-line packaging tapes!
We're expecting the end of line packaging tapes market to expand in the coming years, largely thanks to the overall growth of the end of line packaging market itself. These packaging systems are becoming more popular in industries because they ditch manual work like packing and palletizing. Plus, they reduce the risk of damaged goods and those pesky human errors. Because end-of-line packaging is so helpful, its market is growing, which naturally boosts the demand for the tapes used in these systems. Automation is also playing a big part, with more industries like pharmaceutical, food & beverages, automotive, chemical, and electronics using automated taping to speed things up. The booming food and beverage industry, in particular, should create some sweet opportunities for growth in the end-of-line packaging market. Similarly, more food needing packaging means more automated systems, further driving the growth of those trusty end-of-line packaging tapes. However, it's not all smooth sailing. Fluctuating raw material costs and the significant initial investment needed for automated end-of-line solutions (which can be a big expense for companies) could potentially slow down the growth of the end-of-line solution market, and subsequently, the end of line packaging tapes market.
United States End-of-line Packaging Tape Market Overview
The U.S end of line packing is a major sector of growth in the industry owing to growing development and industrialization. Growing demand for various product in different end use industries is propelling the demand of market.
With tech getting better and better, we're seeing more machines that don't need as much help from us. This means fewer mistakes and less damage to packages when they're being moved around. The US End-of-Line Packaging Tapes Market is booming because more companies are using these systems to cut costs and make their packaging better. Think about it – automating the end of the packaging line in factories and the need for automated manufacturing is really pushing things forward. Plus, all those bottled drinks people love? That's helping too! Our US End-of-Line Packaging Tapes Market study dives deep into all of this. Basically, end-of-line packing tape is all the stuff you need to seal up a package with tape before it ships. It helps everyone get what they want and keeps things running like clockwork.
United States End-of-line Packaging Tape MarketSegmentation Analysis
The United States End-of-line Packaging Tape Market is segmented on the basis of Product And Application.
United States End-of-line Packaging Tape Market by Product
Parcel Tapes
Light Duty Packaging Tapes
Filament Tapes
Others
To Get Summarized Market Report By Product-
Under product type sub- segment which are included are parcel tapes, light duty packaging tapes, filament tapes and others. In U.S end of line packaging light duty packaging tapes is accounting for major share of market.
United States End-of-line Packaging Tape Market by Application
Pharmaceutical
Food and Beverage
Automotive
Chemical
Electronics
Others
To Get Summarized Market Report By Application-
Think about where this stuff is used, right? We're talking about pharmaceuticals, the food and beverage industry, cars, chemicals, electronics, and a bunch of other areas. Food and beverage? They're huge. A lot of that has to do with packaging all those ready-to-eat meals we grab on the go, needing to get them safely from point A to point B. And, with the population booming and the food and drink industry growing along with it, you see why they're hogging a big piece of the pie. Plus, the whole industrial sector is taking off, thanks to more people wanting sustainable products. That means more research and development, which, in turn, means using this "stuff" even more!
Think about all the stuff our food and drinks come in! You've got those sturdy, hard plastics, but also the flexible ones that help prevent spills. You see these materials used everywhere in the beverage world, from beer bottles and carbonated soft drinks (CSDs), to energy drinks, iced tea, and even alcoholic drinks. And often, it's not just one kind of packaging either – a single product might need a mix of different materials! Plus, with everyone so busy, ready-to-eat meals, like those microwave dinners, are getting super popular. That's why you see a growing demand for tea, bottled water, and those fizzy carbonated soft drinks, which is really boosting the whole beverage packaging industry. Now, when it comes to actually packing all this stuff, there's a ton of technology involvedthink shrink wrapping, shrink sleeve wrapping, modified atmosphere packaging, sealed trays, fin seal/ flow wrap, vertical form fill & seal (VFFS) bagging, folding cartons, and even corrugated cases. All of this packaging relies on lots of tape and precise methods to ensure better transportation and a hassle-free delivery.
Key Players
The major players in the market are; 3M, Can-Do National Tape, Pro Tapes & Specialties Inc., Dongguan Hyseal Co., Ltd, U.S. Packaging & Wrapping LLC, Tesa Tape, Inc., Berry Global Inc., SWM International, and Avery Dennison Corporation.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players in US.
Key Developments
• Schweitzer-Mauduit International, Inc. (“SWM” or the “Company”) (NYSESWM) acquired Scapa Group Plc which is UK-based innovation, design, and manufacturing solutions provider for healthcare and industrial markets.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2017-2028
BASE YEAR
2020
FORECAST PERIOD
2021-2028
HISTORICAL PERIOD
2017-2019
UNIT
USD(MILLION)
KEY COMPANIES PROFILED
3M, Can-Do National Tape, Pro Tapes & Specialties Inc., Dongguan Hyseal Co., Ltd, U.S. Packaging & Wrapping LLC, Tesa Tape, Inc., Berry Global Inc., SWM International, and Avery Dennison Corporation.
SEGMENTS COVERED
By Product And By Application.
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
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