Sealing Strapping Packaging Tapes Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)
The Sealing Strapping Packaging Tapes Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The sealing-strapping-packaging-tapes market is expected to grow at a CAGR of 9% over the forecast period (2021-2026).
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Top Leading Companies of Sealing Strapping Packaging Tapes Market are Berry Global Inc., CCT Tapes, Mactac, LLC, Nichiban Co., Ltd., Intertape Polymer Group, Inc., Ajit Industries, Scapa Group plc, Nitto Denko Corporation, Tesa SE – A Beiersdorf Company, 3M Company and others.
Industry News and Updates:
– In August 2019 – Kite Packaging launched four new machine tapes that are available in two width sizes – a 48mm and a 75mm. The company also introduced a new Kite low noise solvent tape and a vinyl tape, both of which are lower cost than the businesses’ previous low noise and vinyl tapes and are Kite branded.
– In February 2020 – Monta launched a new self-adhesive tape, monta biopack, a sustainable self-adhesive tape that consists of a bio-based film, the natural rubber adhesive consists of predominantly renewable primary materials.
Key Market Trends:
E-commerce Industry is Expected to Hold Significant Market Share
– The increasing shift from brick-and-mortar shopping towards the convenience of online shopping is expected to drive the adoption of sealing strapping packaging tapes. This is because in traditional brick-and-mortar supply chain products are shipped via palatalized loads, in bulk that involves the usage of standardized automated packaging equipment that uses a film-based pressure-sensitive packaging tape owing to its effectiveness in the automated application.
– However, in the e-commerce industry, the distribution is manual making an easy-to-use carton sealing the perfect solution owing to its properties such as sealing heavy boxes and bundling of unpacked products that are used for moving, shipping and distribution offering flexibility.
– Players such as 3M, Tesa and many more are offering sealing-strapping-packaging-tapes catering to the e-commerce industry that provides Reliability, Quick, easy application by hand, manual dispensers, Choice of lengths, widths, backings, adhesives, and colors to meet specific needs.
– The growth of the e-commerce industry, therefore, would boost the adoption of the sealing and strapping packaging tapes. For instance, In 2018 there were 19.8 million eCommerce users in Canada it is expected that an additional 5.21 million users would be shopping online by 2021, according to data released by export.gov.
The regions are further sub-divided into:
-North America (NA) – US, Canada, and Mexico
-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa
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Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Sealing Strapping Packaging Tapes Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
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