Packaging Tapes Market Information by Type (Filament tapes, Double-sided tapes, Parcel tapes, Light-duty packaging tapes and others) by Material (Acrylic, Hot Melt and others) by Application (Food & Beverages, Chemicals, Consumer Goods and others) and Region - Forecast to 2030

Packaging Tapes Market OverviewThe Packaging Tapes Market is one of the growing markets in recent days. This has reached the value of the USD of 19,550 million in the year 2030 and is expected to reach the CAGR value of the 4.80% in the year 2030. The main driver which boosts the Packaging Tapes Market Growth is the increase in the demand to secure and protect the shipments. As there is rapid growth in the E-Commerce sectors, the growth of the Market is also tremendous. The growth of the E-commerce sector boost the Market because there is the need to transport the packages in a safe and secured manner. So, there is an increase in the usage of the Market.

COVID AnalysisAs everyone knows about the drastic changes which are caused by the spread of the pandemic in the year 2020. The spread of the pandemic has caused a great impact in many industries. The outbreak of the pandemic has even caused an impact on the growth of the Packaging Tapes Market Share. As there was no availability in the transport, and the unavailability of the raw materials has caused a negative impact on the growth. Even there was no possibility of transportation for the E-Commerce sectors. This has also reduced the growth of the Packaging Tapes Market Value.

Market Dynamics Crucial Market driversThe main reason which boosts the growth of the Packaging Tapes Market Value is the adoption of the E-Commerce sectors have been increased in recent days. To send the products to the customers, the E-Commerce companies are using the tapes for the packaging of the products. The rapid growth in economic growth in the purchasing of the products from the E-Commerce platform is also one of the main reasons which bring a positive impact on the growth of the Market.The usage of packaging products in the food and beverage industry is also one of the main reasons which bring the growth impact among the Packaging Tapes Market. Also, the growth of the automobile sector boosts up the demand for the manufacture of package tapes. Additionally, the increase in the usage of the packaging tapes in the healthcare centres to transport the medicine is also the added advantage that boosts the growth of the Packaging Tapes Market.

The market growth opportunities

The main growth opportunity of the Packaging Tapes Market is because of the increase in the investor’s interest to invest in the Market is one of the main reasons which brings the rapid growth in the packaging industries. Additionally, the rapid growth in the purchasing power of packaging products is also one of the main reasons for the growth.

The market restraints

The restraints which cause the hindrance in the growth of the Packaging Tapes Market is the changes in the environmental conditions. As for the packaging tapes, the main need is to protect the package. But while in the transportation process due to the extreme climatic changes the package must undergo many problems during the transportation. Also, the fluctuation of the cost of the raw materials for the manufacture during the pandemic time is one of the main reasons which hinder the growth of the Market.

The market challenge

Due to the increase in the development in the Packaging Tapes Market, people are started to increase their thoughts about the tapes. So the manufacturing companies are in the need to increase their technological advancement. Due to this, the packaging tapes manufacturing companies are in great urge to develop their features to gain the trust of the customers. Also, the manufacturing companies are in great demand to produce tapes that can work with UV resistance and also which has a lightweight nature.

Cumulative growth analysis

The overall growth of the Packaging Tapes Market Analysis is been great in recent days because of the growth of the E-Commerce platform. Also, the reason for the growth of the packaging tapes is because of its special nature like they are available in good adhesion, absolute transparency, and also because of the high ageing resistance. Even due to the increase in the growth of the Packaging Tapes Market there is an increase in the demand for packaging products.

Value chain analysis

The growth of the Packaging Tapes Market Forecast period is stable and steady because of the gradual growth of the packaging industries in recent days. This growth in recent days is because of the usage of the packaging tapes in the food and beverage products, automotive industries and also in the E-Commerce industries.

The growth is also gradual and steady because of the specific uses of the packaging tapes in many industries. This growth is also possible even because of some specific features like good adhesion, great transparency and the nature of bearing even in the high temperature.

Market segment overview

By product

Filament tapes

Double-sided tapes

Parcel tapes

Light-duty packaging tapes

others

By material type

Acrylic

Hot melt

Others

By end-users

Food and beverage

Chemicals

Consumer goods

Others

By region

North America – US, Canada

Latin America – Mexico, Brazil, Peru, Chile and Others

Western Europe – Germany, UK, France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg

Eastern Europe – Poland, Russia

Asia Pacific – India, Japan, China, ASEAN, Australia, New Zealand

The Middle East and Africa – GCC, Southern Africa, North Africa

Competitive landscape

Due to the increase in the growth and the usage of the Packaging Tapes Market, the key players are working for their development in the market value. Because of this, there is great competition among the key players in the market. They are working hard to gain the trust of the customers. So the manufacturing companies are working to improve their strategies and techniques to increase their product standard.  Even in the increase in the technology in the recent days the customers are also expecting the development in the packaging tapes, which has the extra features like the bearing the UV radiations.

Regional analysis

There are many regions where the availability of the Packaging Tapes Market has been increased. They are North America, Europe, Asia Pacific and the Middle East and Africa.

The important region which is dominating the Market in the Asia Pacific region. This growth is because of the rapid growth of the economy, and also because of the increased purchase in the E-Commerce platform. Then additionally the demand and the increase in the investment in doing the investment in the retail sectors are also boosting the growth of the Packaging Tapes Market.

Later on, the Asia Pacific region is been followed by North America. It is expected that North America is getting the growth in the forecasting period. This growth is because of the countries like the US, Canada etc.

The other regions like Europe, the Middle East and Africa is been expected to get the growth in the future.

Key players

3M

Fuller company

Avery Dennison corporation

Henkel AG and Corporation

KGaA

Nitto denko corporation

Advance tapes international

Adhesives Research Inc

Bostik SA

Dow Corning corporation

Evans Adhesive corporation

Franklin international

Intertape polymer group

Lord corporation

Recent developments

There are many reasons why the key players are working with the new strategies. The main reason is the growth of their manufacturing companies. To get the proper value in the growth they are performing various techniques and strategies. They are also even using the merging and collaboration with the other companies. So that they can complete the large projects in a short span.

In August 2019, the kite packaging company has launched the four new machine tapes that are available in two different sizes- 48mm and another one is 75mm.

In 2019, the kite packaging company has also introduced the new kite low noise solvent tape and the vinyl tapes. As these types of packages tapes are available in the low-cost availability.

In February 2020, the Monta has introduced self-adhesive tapes which consist of natural rubber adhesive.

Market overview

Overall growth analysis of the market

Pandemic analysis

Market dynamics

Cumulative growth analysis

Value chain analysis

Market segmentation

Competitive landscape

Regional analysis

Key players

Recent updates