Sealing & Strapping Packaging Tapes Market Projected to Reach US$ 22.1 Billion by 2023 Overview with Carton Sealing, Strapping, Bundling, Acrylic, Rubber-Based and Silicone - Emerging Trends, Industry Forecast, Segmentation and Top Technologies

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Sealing & strapping tapes used while packaging cartons and boxes help during transport and strengthens the packages bearing significant weight. This tape is best suited for carton sealing, palletizing, unitizing, bundling, general packaging, and color coding. Thus, the demand for sealing & strapping packaging tapes is projected to grow at a CAGR of 4.89% globally during the forecast period.

The sealing & strapping packaging tapes market is dominated by large players such as Avery Dennison Corporation (US), 3M Company (US), Nitto Denko Corporation (Japan), Intertape Polymer Group (Canada), Tesa SE (Germany), Scapa Group plc (UK), Shrutapes (US), Nichiban (Japan), Mactac (US), and Wuhan Huaxia Nanfeng Adhesive Tapes (China). These players have established brands, a wide product portfolio, and a strong geographical presence in various countries.

#Table of Content
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Sealing & Strapping Tapes Market, By Material
7 Sealing & Strapping Packaging Tapes Market, By Type of Adhesive
8 Sealing & Strapping Packaging Tapes Market, By Application
9 Sealing & Strapping Packaging Tapes Market, By Region
10 Competitive Landscape
11 Company Profiles
12 Appendix

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Asia Pacific region is projected to be the fastest-growing market during the forecast period, followed by North America. In the Asia Pacific, China is projected to be the largest consumer for sealing & strapping packaging tapes, followed by Japan. However, India, with its growing packaging, construction, automotive, and healthcare industries is projected to drive the sealing & strapping packaging tapes market in the Asia Pacific region.

Global market for sealing & strapping packaging tapes is projected to grow from USD 17.4 billion in 2018, to reach USD 22.1 billion by 2023, at a CAGR of 4.89%. Sealing & strapping packaging tapes are widely accepted by various end-user industries due to its key properties like sealing heavy boxes and bundling of unpacked products. Strategies such as product innovation are driving sealing & strapping packaging tapes market, as manufacturers are focusing on developing new and innovative tapes to have a competitive edge.

Premium Insights
1 Developing Economies to Register High Growth in Demand for Sealing & Strapping Packaging Tapes
2 Sealing & Strapping Packaging Tapes Market, By Material
3 Sealing & Strapping Packaging Tapes Market, By Type of Adhesive
4 Sealing & Strapping Packaging Tapes Market, By Application
5 Asia Pacific Sealing & Strapping Packaging Tapes Market, By Application and Country
6 Sealing & Strapping Packaging Tapes Market: Key Countries

Its wide range of products caters to various applications across packaging, construction, electrical & electronics, consumer, marine, automotive, transport, and other industries. Strong global presence and specialization in the production of sealing & strapping packaging tapes ensured its leading position in the market. The company has a strong geographical reach; for instance, it operates in 17 locations worldwide, having 11 manufacturing sites in North America, Europe, and in some countries of the Asia Pacific.

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Report defines, segments, and projects sealing & strapping packaging tapes market size on the basis of material, type of adhesive, application, and region. The study analyzes competitive developments such as partnerships, agreements, acquisitions, expansions & investments, and new product launches or technological advancements in the sealing & strapping packaging tapes market.

Emerging Technologies Overview by Top Industry Executives CEOs, Vice Presidents and Sales Directors, Business Managers and Scientists.
• By Company Type: Tier 1 – 40%, Tier 2 – 25%, Tier 3 – 35%
• By Designation: C-level – 35%, Directors – 30%., Others – 35%
• By Region: Asia Pacific – 45%, North America – 25%,Europe – 20%, South America – 5 %, Middle East & Africa– 5%

Strong global presence and specialization in the production of sealing & strapping packaging tapes ensured its leading position in the market. The company has a strong geographical reach; for instance, it operates in 17 locations worldwide, having 11 manufacturing sites in North America, Europe, and in some countries of the Asia Pacific.

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