Global Sealing and Strapping Packaging Tapes Market 2019-2023

Some of the key findings from our sealing & strapping packaging tapes market forecast report are summarized below

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Global Sealing & Strapping Packaging Tapes Industry Overview

The demand for eco-friendly sealing and strapping packaging tapes is increasing among end-users that are focusing on reducing their carbon footprint. Regular sealing and strapping packaging tapes are manufactured using non-biodegradable raw materials and toxic chemicals, which are harmful to the soil and have a negative impact on the ecological balance. Eco-friendly sealing and strapping packaging tapes are biodegradable and made from recycled materials. These tapes also help in minimizing volatile organic compound (VOC) emission and specific target organ toxicity. The rising demand for eco-friendly products has driven market vendors to offer sealing and strapping packaging tapes made of environment-friendly, water-based, and solvent-free adhesives. This will be one of the critical sealing & strapping packaging tapes market trends contributing to the growth of the market.

Sealing and strapping packaging tapes have emerged as a low-cost and lightweight alternative to polyester and steel straps for several end-user industries, including automotive and heavy industries. The rising popularity of sealing and strapping packaging tapes can be attributed to their superior strength, toughness, impact resistance, and break strength properties. These packaging tapes also provide higher cost saving, performance, durability, and safety. Moreover, sealing and strapping packaging tapes are water-resistant and can be applied either manually or with hand tools, semi-automated tools, and fully automatic machines. These economical and efficient properties have widened their applications and boosted adoption, fueling the global sealing & strapping packaging tapes market growth. The market will grow at a CAGR of almost 5% during the forecast period.

Top Sealing & Strapping Packaging Tapes Companies Covered in this Market Research Report

The global sealing & strapping packaging tapes market is fragmented. To help clients improve their market positions, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this sealing & strapping packaging tapes market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several leading sealing and strapping packaging tapes manufacturers, including:

• 3M Co.
• Berry Global Inc.
• H.B. Fuller Co.
• Intertape Polymer Group Inc.
• Nitto Denko Corp.

Sealing & Strapping Packaging Tapes Market Segmentation Based on Material

• Polypropylene
• Paper
• PVC

The polypropylene segment will account for the highest sealing & strapping packaging tapes market share. The wide number of variations in terms of specifications and attributes provided by propylene packaging tapes makes it highly popular among end-users. This report provides an accurate prediction of the contribution of all the segments to the growth of the sealing & strapping packaging tapes market size.

Sealing & Strapping Packaging Tapes Market Segmentation Based on Geographic Region

• APAC
• Europe
• MEA
• North America
• South America

With a complete study of the growth opportunities for the companies, it has been identified that APAC will account for the highest share of the strapping and sealing packaging tapes market throughout the forecast period. The rapid growth of the end-user industries such as consumer durables, automotive, and health and personal care is expected to boost the sealing and strapping packaging tapes market growth in the region.

Key Highlights of the Global Sealing & Strapping Packaging Tapes Market for the Forecast Years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the sealing & strapping packaging tapes market during the next five years
• Precise estimation of the global sealing and strapping packaging tapes market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the sealing and strapping packaging tapes industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of sealing and strapping packaging tapes companies

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