Global Parcel Tapes Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.3 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The parcel tapes market has witnessed significant growth in recent years, fueled by the increasing demand for packaging solutions across various industries. As the e-commerce sector continues to flourish, parcel tapes have become essential tools for securing packages and ensuring safe delivery. In fact, the global parcel tapes market size is expected to expand at a steady rate, with a growing emphasis on eco-friendly and durable materials. Major companies and consumers alike are shifting towards innovative solutions like biodegradable tapes, which are gaining popularity for their reduced environmental impact. Market research suggests that the rise in online shopping and global trade is expected to drive further growth in this sector.
The demand for parcel tapes is primarily influenced by the growing need for protective packaging. Whether it's for fragile items, heavy-duty products, or light parcels, the right tape is critical for safeguarding shipments during transit. Parcel tapes are also utilized in moving industries, logistics, and supply chain management, making them indispensable tools for businesses globally. Among the different types of parcel tapes available, the BOPP (biaxially oriented polypropylene) tape remains a popular choice due to its strength, durability, and cost-effectiveness. Additionally, double-sided adhesive tapes are frequently used for specialty packaging needs, ensuring a secure bond without visible tape on the exterior.
As sustainability takes center stage in the packaging industry, several companies are investing in the development of eco-friendly parcel tapes. These tapes are made from renewable sources, like paper or plant-based plastics, and are designed to decompose quickly without leaving harmful residues. This shift towards sustainability aligns with the broader trend of reducing plastic waste and carbon footprints. A deeper exploration of packaging innovations reveals the focus on improving the functionality and performance of parcel tapes while minimizing their environmental footprint.
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The 3M Company
Avery Dennison Corporation
Henkel Adhesives Technologies India Private Limited
Nitto Denko Corporation
Tesa Tapes Pvt Ltd
Advance Tapes International Ltd.
Adhesives Research Inc.
Bostik India Pvt. Ltd.
Evans Adhesive Corporation
Franklin International
H.B. Fuller Company
Intertape Polymer group
Lintec corporation
Lohmann GmbH & Co.KG
MACtac Americas
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Parcel Tapes Market
Food and Beverages
E-commerce
Automotive
Consumer Goods
Others
Based on Types the Market is categorized into Below types that held the largest Parcel Tapes market share In 2023.
Acrylic
Hot Melt
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Parcel Tapes Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Parcel Tapes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Parcel Tapes Market, By Type
6. Global Parcel Tapes Market, By Application
7. Global Parcel Tapes Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Parcel Tapes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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