The global demand for Strapping Tapes Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Strapping tapes are used for packaging boxes and cartons. Strapping tapes are utilized to securely transport all shipments, such as fragile products and bulky loads. It helps bear huge weight, and the strapping tapes are perfect for general packaging, bundling, colour coding, sealing cartons and unitizing. Multiple end-user industries commonly use strapping tapes due to their beneficial features like sealing heavy boxes and bundling unpacked products.
Market Dynamics
The growing demand for adhesive-based packaging in automotive, medical and packaging has fueled the strapping tapes market growth. The growth in the sports industry has also boosted the market's growth. Moreover, the rise in demand for protective clothing and accessories such as military, surgical, medical, and chemical protection garments are prominently leveraging the growth of the strapping tapes market. The growth of the e-Commerce industry has further expanded the market's growth. In addition, the growing acceptance of tapes in the packaging industry, especially in the advancing nations, will further provide lucrative market opportunities for strapping tapes in the coming years. However, stringent rules and regulations by government regulations may hamper the market growth.
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 strapping tapes. The growth and trends of strapping tapes industry provide a holistic approach to this study.
Market Segmentation
This section of the strapping 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 Types
- Polypropylene
- Polyester
- Polyethylene
- Other
By Applications
- Food & Beverages
- Electronics
- Furniture
- Kitchen Appliances
- Automotive
- Oil & Gas
- Other
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Strapping 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 Strapping 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 strapping tapes market include MüRoll GmbH, Rapid Packaging Systems Ltd, 3MGlobal Packaging, Shurtape Technologies, TART, Can-Do National Tape. 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.
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