1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
FEATURED COMPANIES
- 3M Co.
- Berry Global Inc.
- H.B. Fuller Co.
- Nitto Denko Corp.
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
Global Sealing and Strapping Packaging Tapes Market: About this market
Sealing and strapping packaging tapes are used for bundling and securing of goods during shipment. They are also used for sealing reinforcement packages and carton closing. The sealing and strapping packaging tapes market analysis considers sales from the polypropylene, paper, and polyvinyl chloride (PVC) segments. This analysis also considers the sales of sealing and strapping packaging tapes in APAC, Europe, MEA, North America, and South America. In 2018, the polypropylene segment held the highest market share, which is expected to remain prevalent over the forecast period. Polypropylene tapes cannot be torn by hand, and they are available with various adhesives, making them the preferred choice for package sealing applications. These factors will significantly help the polypropylene segment in maintaining its leading market position. Also, our global sealing and strapping packaging tapes report has observed market growth factors such as the economical and efficient properties, growth of end-user industries, and increasing demand from developing regions. However, fluctuating prices of polypropylene and PVC, rising prices of wood pulp and paper, and stringent regulations curbing the use of plastic and polymers may hamper the growth of the sealing and strapping packaging tapes industry over the forecast period.
Global Sealing and Strapping Packaging Tapes Market: Overview
Economical and efficient properties
Sealing and strapping packaging tapes are low-cost and lightweight alternatives to polyester and steel straps. They also have superior break strength, low elongation, and impact resistance. These factors are increasing their applications in the automotive and packaging industries. As a result, vendors are recording increased sales. Therefore, economical and efficient properties of sealing and strapping packaging will cater to the growth of the global paraphonic synthesizers market at a CAGR of almost 5% during the forecast period.
Increasing demand for eco-friendly products
Countries such as the US, Canada, and Germany are increasingly seeking ways to reduce their carbon footprint. Therefore, the majority of the industries in these countries are deploying eco-friendly products such as sealing and strapping packaging tapes. Vendors are making the most of this trend and are offering bio-degradable and recyclable sealing and strapping packaging tapes to increase their sales. As a result, the increasing demand for eco-friendly products is a crucial trend that will have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global sealing and strapping packaging tapes market during the forecast period 2019-2023, click here.
Competitive Landscape
With the presence of several major players, the global sealing and strapping packaging tapes market is fragmented. This robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of several leading sealing and strapping packaging tapes manufacturers, which include 3M Co., Berry Global Inc., H.B. Fuller Co., Intertape Polymer Group Inc., and Nitto Denko Corp.
Also, the sealing and strapping packaging tapes market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities
Sealing and strapping packaging tapes are used for bundling and securing of goods during shipment. They are also used for sealing reinforcement packages and carton closing. The sealing and strapping packaging tapes market analysis considers sales from the polypropylene, paper, and polyvinyl chloride (PVC) segments. This analysis also considers the sales of sealing and strapping packaging tapes in APAC, Europe, MEA, North America, and South America. In 2018, the polypropylene segment held the highest market share, which is expected to remain prevalent over the forecast period. Polypropylene tapes cannot be torn by hand, and they are available with various adhesives, making them the preferred choice for package sealing applications. These factors will significantly help the polypropylene segment in maintaining its leading market position. Also, our global sealing and strapping packaging tapes report has observed market growth factors such as the economical and efficient properties, growth of end-user industries, and increasing demand from developing regions. However, fluctuating prices of polypropylene and PVC, rising prices of wood pulp and paper, and stringent regulations curbing the use of plastic and polymers may hamper the growth of the sealing and strapping packaging tapes industry over the forecast period.
Global Sealing and Strapping Packaging Tapes Market: Overview
Economical and efficient properties
Sealing and strapping packaging tapes are low-cost and lightweight alternatives to polyester and steel straps. They also have superior break strength, low elongation, and impact resistance. These factors are increasing their applications in the automotive and packaging industries. As a result, vendors are recording increased sales. Therefore, economical and efficient properties of sealing and strapping packaging will cater to the growth of the global paraphonic synthesizers market at a CAGR of almost 5% during the forecast period.
Increasing demand for eco-friendly products
Countries such as the US, Canada, and Germany are increasingly seeking ways to reduce their carbon footprint. Therefore, the majority of the industries in these countries are deploying eco-friendly products such as sealing and strapping packaging tapes. Vendors are making the most of this trend and are offering bio-degradable and recyclable sealing and strapping packaging tapes to increase their sales. As a result, the increasing demand for eco-friendly products is a crucial trend that will have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global sealing and strapping packaging tapes market during the forecast period 2019-2023, click here.
Competitive Landscape
With the presence of several major players, the global sealing and strapping packaging tapes market is fragmented. This robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of several leading sealing and strapping packaging tapes manufacturers, which include 3M Co., Berry Global Inc., H.B. Fuller Co., Intertape Polymer Group Inc., and Nitto Denko Corp.
Also, the sealing and strapping packaging tapes market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- 3M Co.
- Berry Global Inc.
- H.B. Fuller Co.
- Nitto Denko Corp.
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY MATERIAL
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- 3M Co.
- Berry Global Inc.
- H.B. Fuller Co.
- Nitto Denko Corp.
The following companies are recognised as the key players in the global sealing and strapping packaging tapes market: 3M Co., Berry Global Inc., H.B. Fuller Co., Intertape Polymer Group Inc., and Nitto Denko Corp.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing demand for eco-friendly products.”
According to the report, one of the major drivers for this market is the economical and efficient properties.
Further, the report states that one of the major factors hindering the growth of this market is the rising prices of wood pulp and paper.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing demand for eco-friendly products.”
According to the report, one of the major drivers for this market is the economical and efficient properties.
Further, the report states that one of the major factors hindering the growth of this market is the rising prices of wood pulp and paper.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- 3M Co.
- Berry Global Inc.
- H.B. Fuller Co.
- Intertape Polymer Group Inc.
- Nitto Denko Corp.
Note: Product cover images may vary from those shown
