Global Sealing & Strapping Packaging Tapes Market Report By Material (Paper, Polypropylene, Polyvinyl Chloride, Others), By Type Of Adhesive (Acrylic, Rubber-Based, Silicone, Others), By Application (Carton Sealing Tapes, Strapping & Building) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Sealing & Strapping Packaging Tapes Market is presumed to reach the market size of nearly USD 39.19 BN by 2030 from USD 22.79 BN in 2022 with a CAGR of 7.01% under the study period 2023 - 2030. Regarding volume, the market was calculated XX Square meters in 2022 and forecast to touch XX Square meters by 2030 with a CAGR of XX% during 2023-2030.

Sealing & strapping packaging tapes refer to continuous flexible strips of paper, plastic, cloth, metal, or foam coated on one or either side's surface with an adhesive. Sealing tapes can stick to various substrates when used lightly and at room temperature. Contrarily, strapping doesn't need glue and is mostly used for pelletizing and bundling. Acrylic, rubber, silicone, and other resins, including polyurethanes, poly-iso-butanes hybrid, nitriles, and hydrophilic adhesive, are the main raw materials used to make these packaging tapes. Substrates like PVC, paper, PP, fabric, metal, and foam are also included. 

Market Dynamics 

The main drivers of the rise of sealing & strapping packaging tapes are the rising use of inexpensive, flexible packaging and the quick curing times of sealing & strapping tapes. The market is also driven by increasing demand for these packaging adhesive-based tapes and their widespread use in various applications across all end-use sectors. However, the market's growth is significantly constrained by the increased price of raw materials. 

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of sealing & strapping packaging tapes. The growth and trends of sealing & strapping packaging tapes industry provide a holistic approach to this study. 

Market Segmentation

This section of the sealing & strapping packaging tapes market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities. 

By Material

• Paper
• Polypropylene
• Polyvinyl Chloride
• Others

By Type Of Adhesive

• Acrylic
• Rubber-Based
• Silicone
• Others

By Application

• Carton Sealing Tapes
• Strapping & Building

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Sealing & Strapping Packaging Tapes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Sealing & Strapping Packaging Tapes Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the sealing & strapping packaging tapes market include Avery Dennison Corporation (US), 3M Company (US), Nitto Denko Corporation (Japan), Intertape Polymer Group (Canada), Tesa SE (Germany), Scapa Group plc (UK), Shrutapes Technologies (US), Nichiban (Japan), Mactac (US), and Wuhan Huaxia Nanfeng Adhesive Tapes (China). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.