Overview of the global packaging tapes market
Technavio’s market research analyst predicts the global packaging tapes market to grow at a CAGR of more than 5% by 2020. Packaging tapes are used across several industries and have to undergo extreme weather conditions during transportation. These challenges have pushed vendors to introduce innovative products such as light-weight tapes and UV-resistant tapes. Manufacturers are using machinery and converters for tape and substrate processing as these technologies reduce the time taken by the products to reach the market. The new packaging tapes offer absolute transparency, high aging resistance, good adhesion, and clean positioning. The acrylate-based pressure-sensitive adhesives provide trouble-free labeling at exceptionally low temperatures, and ultra-violet acrylate adhesives enable high aging resistance. Additionally, the market is witnessing the demand for printed packaging tapes because of the growing need to differentiate products for easy identification and marketing purposes.
APAC will be the fastest-growing region in the market and is anticipated to grow at a CAGR of around 6% during the forecast period. The high purchasing power of people in countries like China and India has increased the demand for different retail and food products and beverages, resulting in the rapid growth of packaging tapes. China is the dominating nation in the packaging tapes market in APAC because of the large scale manufacturing activities in the country. The rising demand for packaged goods has propelled the use of carton sealing tapes in the region, which will drive the market’s growth in this region during the forecast period.
Competitive landscape and key vendors
This market is highly fragmented because of the presence of global vendors who compete in terms of product portfolio, differentiation, and pricing. These vendors are increasing their market share and outreach through inorganic growth strategies. Vendors are also working on technology and expanding production units to increase the production of packaging tapes to meet the increasing demand. The low investment required in the market allows vendors to enter the market easily.
Leading vendors in the market are -
- 3M
- Avery Dennison
- Henkel
- Nitto Denko
- Tesa
Other prominent vendors in the packaging tapes market include Advance Tapes International, Adhesives Research, Bostik, Dow Corning, Evans Adhesive, Franklin International, H.B. Fuller, Intertape Polymer Group, Lintec, Lohmann, LORD Corp., MACtac, Hexion, Nova Films and Foils, Powerband, Royal Adhesives & Sealants, RPM International, Scapa Group, and Shurtape Technologies.
Segmentation by type and analysis of packaging tapes market
- Parcel tapes
- Light-duty packaging tapes
- Filament tapes
- Security packaging tapes
Parcel tapes will occupy the largest share in the packaging tapes market and is likely to hold more than 42% of the overall market by 2020. These tapes have wide acceptance in packaging across several verticals including automotive and food and beverage. These are the medium-strength tapes used to package products in corrugated boxes. The most commonly used parcel tapes are brown or translucent and are primarily used for the packaging of corrugated boxes, and common enclosing or sealing. They are also called box tapes or packing tapes.
Segmentation by type of raw materials and analysis of the packaging tapes market
- Polypropylene (PP)
- Paper
- Polyvinyl chloride (PVC)
Polypropylene will have the highest market share during the forecast period and is anticipated to occupy more than 58% of the total market share. Much of this segment’s growth is because polypropylene is preferred over other resins such as high-density polyethylene and low-density polyethylene owing to its high barrier properties. Also, polypropylene is a low coat material and provides better flexibility and conformability because of its softness. With the growing applications of parcel tapes for sealing packages in shipments, the growth prospects for this segment will increase over the next few years.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global packaging tapes market?
- What are the key market trends impacting the growth of the global packaging tapes market?
- What are the challenges to market growth?
- Who are the key vendors in the global packaging tapes market?
- What are the market opportunities and threats faced by the vendors in the global packaging tapes market?
- Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
- What are the key outcomes of the five forces analysis of the global packaging tapes market?
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Adhesive tapes easily stick to substances with the application of a little pressure, without the need for any other activator, heat, or solvent. The tapes are coated with adhesives, either on one side or both sides and are available in many variants like single-sided, double-sided, adhesive transfer, single-coated, double-coated, carton sealing, masking tapes. The increasing use of corrugated boxes will lead to the augmented adoption of sealing tapes and adhesives. 3M, Berry, and Avery Dennison are some of the prominent players identified in this market space.
The report, global packaging tapes market, is part of Technavio’s transportation and logistics research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as logistics, packaging, transportation and distribution, and warehouse and storage. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by type of packaging tapes
- Global packaging tapes market by type of packaging tapes
- Parcel tapes
- Light-duty packaging tapes
- Filament tapes
- Security packaging tapes
PART 07: Market segmentation by types of raw materials
- Global packaging tapes market by types of raw materials
- Global packaging tapes market by polypropylene
- Global packaging tapes market by paper
- Global packaging tapes market by PVC
- Global packaging tapes market by other materials
PART 08: Geographical segmentation
- Global packaging tapes market by geography
- Packaging tapes market in APAC
- Packaging tapes market in North America
- Packaging tapes market in Europe
- Packaging tapes market in ROW
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
- Competitive scenario
- 3M Co.
- Avery Dennison
- Henkel
- Nitto Denko
- Tesa
- Other prominent vendors
PART 15: Appendix
PART 16: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape