Sealing & Strapping Packaging Tapes Market Growth, Challenges ,Global Trends, Key Players Strategies and Application, Technology, Diagnosis

Sealing and Strapping Packaging Tapes Market will register the growth at a rate of 7.29% for the forecast period to 2028. The sealing and strapping packaging tapes market report analyses the growth, which is currently being growing due to the advancements in the digital printing along with a growing appetite for the adoption of printing processes and systems in the tapes manufacturing.

The sealing & strapping packaging tapes market has also been categorized on the basis of adhesive type into acrylic, rubber, silicone, and others. Of these, the acrylic category is expected to account for a significant share in the market throughout the forecast period. This can be attributed to the fact that these are low-cost adhesives with relatively high bond strength, weather resistance, and fast curing time. Owing to such properties, manufacturers prefer using acrylic adhesives to other adhesives for sealing and strapping packaging applications.

Geographically, Asia-Pacific (APAC) is expected to hold the largest market share throughout the forecast period. This can be ascribed to the high-volume consumption of packaging materials in the region. In recent years, APAC has emerged as a manufacturing hub of various consumer and industrial goods, owing to which the consumption of packaging materials has been on the rise. Moreover, accelerating regional economic growth, exponential rise in population, and increasing standard of living are expected to further increase the demand for packaging solutions and, consequently, positively impact the sealing & strapping packaging tapes market growth.

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