Press release
Packaging Tapes Market Growth and Forecast 2016-2026
Availability of various innovative designs and materials in the global packaging tapes market has sufficiently increased its application in several industries. Industries such as food and beverages, retail packaging, e-commerce, and automobile are putting packaging tapes to numerous uses. In the automotive industry, the demand for high-quality tapes such as filament tapes is anticipated to increase during the forecast period. Parcel tapes will contribute the largest share in the global packaging tape market. These tapes are widely accepted in various verticals such as food and beverages, and automotive, etc. The most frequently used parcel tapes are translucent and brown primarily used for packaging of corrugated boxes and common sealing or enclosing.
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Based on the type of tape, the global packaging tape market is segmented into:
Filament tapes
Double-sided tapes
Parcel tapes
Light-duty packaging tapes
Others
Based on the material used the global packaging tape market is segmented into:
Acrylic
Hot Melt
Others
Based on the application the global packaging tape market is segmented into:
Food & Beverages
Chemicals
Consumer Goods
Others
In terms of geography, the global packaging tape market has been divided into five key regions including North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa.The global packaging tape market is expected to register healthy CAGR during the forecast period. North America is anticipated to be the dominant market for global packaging tape market followed by Asia Pacific and Europe. The increase in the purchasing power of customers in developing countries like India and China has increased the demand for different food products, beverages and retail products causing rapid growth in packaging tape market.
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Packaging Tapes Market - Major Players:
Some of the key players in the global packaging tape market are 3M, Avery Dennison, Henkel, Nitto Denko, and Tesa. Other prominent vendors in the market are Advance Tapes International, Adhesives Research, Bostik, Dow Corning, Evans Adhesive, Franklin International, H.B. Fuller, Intertape Polymer, Lintec, Lohmann, LORD, MACtac etc.
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