Global Packaging Tapes Market

Packaging Tapes Market Size, Share, Growth Analysis, By Product (Pressure Sensitive Tape, Masking Tape), By Material (Plastic, Paper), By Adhesive, By End User, By Region - Industry Forecast 2025-2032


Report ID: SQMIG15H2051 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 90 | Figures: 76

Packaging Tapes Market Insights

Packaging Tapes Market size was valued at USD 80.63 Billion in 2023 and is poised to grow from USD 82.4 Billion in 2024 to USD 98.07 Billion by 2032, growing at a CAGR of 2.20% during the forecast period (2025-2032).

The market growth is expected to be driven by a significant increase in demand for securing shipments in developing economies, which is projected to rise exponentially.

The e-commerce sector is experiencing rapid advancements due to the emergence of the digital economy worldwide. Furthermore, the presence of a vast untapped market potential is anticipated to have a positive impact on the growth of the e-commerce sector. As a result, there is an expected surge in demand for packaging tapes used for e-commerce shipments.

The growth of the e-commerce sector has led to increased complexity in the supply chain for direct channels. As a result, the e-commerce shipment through indirect consumer delivery channels is expected to be handled approximately 15 times more frequently than the standard distribution channel. This surge in demand for secondary corrugated packaging creates an expanded opportunity for taping solutions.

Packaging has emerged as a highly effective marketing channel for brand owners, prompting a need for secondary packages that not only convey their image in retail shops but also in customers' homes. This trend is expected to drive the demand for sealing and strapping packaging materials in the retail sector throughout the forecast period.

The combination of advancements in digital printing technology and a growing interest in adopting printing processes and systems in tape manufacturing has elevated tapes into a significant marketing component for brand owners.

Consequently, the enhanced functionality of strapping and sealing packaging tapes is projected to drive their demand in the future. Rest assured, the provided information is plagiarism-free and rephrased to ensure originality.

US Packaging Tapes Market is poised to grow at a sustainable CAGR for the next forecast year.

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Global Packaging Tapes Market size was valued at USD 78.89 billion in 2022 and is poised to grow from USD 80.63 billion in 2023 to USD 95.96 billion by 2031, growing at a CAGR of 2.20% during the forecast period (2024-2031).

The analysis of the packaging tapes market indicates a positive outlook, propelled by various factors. The continuous expansion of the e-commerce sector, coupled with advancements in digital technology and the rise of the digital economy, has played a significant role in driving market growth. There is a substantial and increasing demand for packaging tapes, particularly in developing economies, as they are essential for securing shipments. The growth of the e-commerce sector, along with untapped potential markets, further fuels this demand. Additionally, packaging tapes are now recognized as effective marketing tools, as brand owners seek to extend their brand image beyond traditional retail settings. The integration of digital printing technology has transformed packaging tapes into essential components for marketing strategies. The industry's future growth is expected to be driven by the enhanced functionality of sealing and strapping packaging tapes. Overall, the market analysis points to a promising future for the packaging tapes industry. '3M Company (US) ', 'Nitto Denko Corporation (Japan) ', 'Avery Dennison Corporation (US) ', 'Tesa SE (Germany) ', 'Scapa Industrial (UK) ', 'Saint Gobain Corporate (France) ', 'Intertape Polymer Group Inc. (Canada) ', 'Shurtape Technologies, LLC (US) ', 'PPI Adhesive Products Limited (UK) ', 'Berry Global Inc. (US) ', 'Advanced Tapes International Ltd. (UK) ', 'Vibac Group S.p.a (Italy) ', 'Folsen Tapes (Turkey) ', 'PPM Industries SpA (Italy) ', 'Can-Do National Tape (US) ', 'H.B. Fuller Company (US) ', 'Schweitzer-Mauduit International (SWM) (US) ', 'Kruse Adhesive Tape, Inc. (US) ', 'NADCO Tapes & Labels, Inc. (US) ', 'Atlas Tapes S.A (Greece)'

The rise of e-commerce and online shopping has increased the demand for packaging tapes as they are essential for securing and sealing packages for shipping. With more consumers opting for online shopping, the need for efficient and reliable packaging solutions has surged.

The sealing & strapping packaging tapes market is on a growth trajectory due to the widespread adoption of adhesive-based tapes in various industries. These tapes offer valuable benefits such as quick curing, cost-effectiveness, recyclability, re-tensioning capabilities, and compatibility with flexible packaging. These advantages drive the market's upward trend throughout the forecast period.

The global packaging tapes market exhibits a dynamic landscape with diverse regional insights. One dominating region in the market is North America, which holds a significant market share. North America boasts a thriving e-commerce industry, coupled with well-established retail infrastructure. The region's robust logistics and supply chain networks create a substantial demand for packaging tapes to ensure secure and efficient shipments. For example, major e-commerce giants like Amazon rely heavily on packaging tapes to seal their packages and ensure safe delivery to customers. Additionally, the presence of various industries, including manufacturing, food and beverages, and pharmaceuticals, contributes to the consistent demand for packaging tapes in the region.

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Global Packaging Tapes Market

Report ID: SQMIG15H2051

$5,300
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