Sealing & Strapping Packaging Tapes Market Insights : Avery Dennison, 3M , Nitto Denko Corporation, Intertape Polymer Group, Tesa, Scapa Group, Shrutapes, Nichiba, Mactac, and Wuhan Huaxia Nanfeng Adhesive Tapes are Major Players

According to MarketsandMarkets, the global market for sealing & strapping packaging tapes, in terms of value, is projected to reach USD 22.1 billion by 2023, at a CAGR of 4.89%.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=136369024

The sealing & strapping packaging tapes market is growing rapidly due to the growing applications in the packaging market globally. Factors such as the increasing demand for sealing & strapping packaging tapes from the Asia Pacific region and a wide range of applications in the packaging industry have largely contributed to the growth of the sealing & strapping packaging tapes market. The sealing & strapping packaging tapes market is segmented on the basis of material, type of adhesive, applications, and region. The strapping & bundling segment is projected to witness significant growth due to the technological advancements and innovations in the packaging industry.

The growth of the sealing & strapping packaging tapes market was largely influenced by acquisitions, new product launches, investments, and agreements in the past five years. The years 2015-2018 witnessed a large number of acquisitions by top players in the market. Expansions, new product launches, and agreements have also formed an essential part of the strategies adopted by key market players, which has contributed to their growth in the emerging markets. The major players include companies 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).

The 3M Company (US) held a leading position in the global sealing & strapping packaging tapes market in 2018. The company has maintained its leadership position through its strong distribution networks across the Asia Pacific, the Middle East & Africa, Europe, and the Americas. The 3M Company is among the leading manufacturers of sealing & strapping packaging tapes for many of the markets it serves. It is primarily engaged in offering a broad spectrum of products including adhesives, bonding materials, coatings, and specialty materials. The company operates with production sites in 70 countries worldwide and offers products and solutions to customers in approximately 200 countries including the Americas, the Asia Pacific, Europe, and the Middle East & Africa. This has enabled the company to cater to the untapped market and widened its geographical reach.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=136369024

Intertape Polymer Group (Canada) is also among one of the global providers of innovative and sustainable packaging solutions for a better, safer, and healthier lifestyle. The company innovates and offers sealing & strapping packaging tapes solutions for various applications. It has adopted strategies such as acquisitions to gain a competitive advantage in the market. In November 2018, Intertape Polymer Group (IPG) acquired the outstanding control of 29% stake for USD 9.9 million in Powerband. Acquiring a controlling interest in Powerband in 2016, which provided the company with an additional capacity for acrylic carton-sealing tapes in a low-cost manufacturing region with the goal of exporting these competitively-priced tape products to North America and Europe. This has enabled IPG to expand its market share in North America and negotiate better in terms of raw materials for the US production of similar packaging tapes. This helped Intertape Polymer Group to expand its geographical reach, for seizing new projects, strengthening its products & services portfolio, and cater to the untapped markets.

About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

This release was published on openPR.