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Posted by Harry on July 13, 2024 at 4:59am 0 Comments 0 Likes
Sealing & strapping packaging tapes market is expected to rise to an estimated value of USD 24.79 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increased usage of the product from a wider application area.
Sealing packaging tapes are adhesive tapes that are utilized to seal the cartons and corrugated boxes. These tapes generally compose of pressure-sensitive adhesive present on the backing material that has high level of shear strength capable of handling heavy loads.
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Strapping tapes are high-strength adhesive tapes providing large-scale tensile strength due to its production method which involves utilizing pressure-sensitive adhesives on a backing material made of fiberglass filaments and PVC or PP films. The grading of these tapes depend on their tensile strength and their sizing.
Market Drivers:
Market Restraints:
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By Material
By Adhesive Type
By Application
By Geography
Key Developments in the Market:
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Competitive Analysis:
Global Sealing & strapping packaging tapes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of sealing & strapping packaging tapes market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Few of the major competitors currently working in the global sealing & strapping packaging tapes market are Avery Dennison Corporation; 3M; Intertape Polymer Group; NITTO DENKO CORPORATION; tesa SE - A Beiersdorf Company; NICHIBAN Co., Ltd.; Shurtape Technologies, LLC; Mactac Americas; Ajit Industries Pvt. Ltd.; Advance Tapes International; Cantech; Industrias TUK, S.A. de C.V.; Berry Global Inc.; Adhesives Research, Inc.; Stick Tapes Private Limited; Can-Do National Tape; Euro Tapes Private Limited (Unit Of Euro Technologies); UltraTape; U Pack; Xinxiang Yongsheng Packaging Materials Technology Co., Ltd. and RAJAPACK Ltd among others.
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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