Scenario

The growing e-commerce and organized retail sector along with multiple usages of packaging tapes across various industries are the key drivers of Packaging Tapes Market Size. The growth of e-commerce and food & beverage markets particularly in the Asian regions of China and India induces the demand for packaging tapes. Furthermore the increased application across various industries fuels the demand for packaging tapes. This is backed by the increasing purchasing power and investments in the packaging industries.

The regions that hold a varying share of the packaging tapes market include North America as well as Asia Pacific (APAC), Europe, and the Rest of the World (RoW).

APAC dominates the global packaging tapes market, on account of the fast development of the economic status, rising purchasing power, expanding e-commerce industries, and mounting investment in the organized retail sector. Rising purchasing power of customers in developing countries like India and China also fuels the demand for various food products, beverages as well as retail products, which leads to the rapid progress of the packaging tapes market size in the region.

A substantial portion of the global packaging tapes market belongs to North America, given the fast-expanding packaging industry in developed countries like the United States (U.S) and Canada. Further, the booming sports and outdoor apparel industry, backed by the surging health awareness among consumers as well as rising fitness activities, are inducing market growth in the region. The high demand for protective clothing as well as accessories such as surgical/medical, chemical and military protection garments also positively impact the regional market.

The thriving manufacturing sector in Europe is boosting the sale of packaging tapes. The evolving market dynamics can be another aspect that is giving birth to new avenues of operation in the region. The rising demand for eco-friendly products boosts the demand for packaging tapes that are made of recyclable and biodegradable materials, also stimulates the market growth in Europe.

Segmentation

Global market for packaging tapes has been extensively covered in the report, with the segmentation including type, material, and application.

The types of packaging tapes are Double-sided tapes, Filament tapes, Light-duty packaging tapes, Parcel tapes, and others.

The material-dependent segments in the market are Hot Melt, Acrylic, and others.

The applications of packaging tapes are increasing in Consumer Goods, Chemicals, Food & Beverages, and others.

Key Players

• 3M
• B. Fuller Company
• Avery Dennison Corporation
• Henkel AG & Co. KGaA
• Nitto Denko Corporation
• Advance Tapes International
• Adhesives Research Inc.
• Bostik SA
• Dow Corning Corporation
• Evans Adhesive Corporation, Ltd.
• Franklin International
• Intertape Polymer Group
• Lord Corporation.

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