Packaging Tapes Market Trends| COVID-19 Analysis and Overview
Packaging tapes being highly resistant to heat and pressure, and effectively preventing wear-tear of products are gaining popularity across sectors such as chemicals, consumer goods, automotive and others. Increase in automotive manufacturing activities as a greater number of people incline towards luxury car, the industry is observed to be a high end-user of packaging tapes.
Segmental Outline
The global packaging tapes market trends has been segmented on the basis of type, material, and application. Based on the type, the global market has been segmented into filament tapes, parcel tapes, light-duty packaging tapes, double-sided tapes, and others. The availability of different types of packaging tapes aids in severing several purposes, which is likely to leave a positive impact on the global are Based on the material, the global market has been segmented into hot melt, acrylic, and others.
Regional Outlook
Based on the region, the global Packaging Tapes Market Trends has been analyzed across North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Strong e-commerce sector of the Asia Pacific is expected to gain momentum for the Packaging Tapes Market Trends in the region. The presence of e-commerce giants, the flourishing packaging industry, and surge in export activities in economies such as China, Japan, and other ASEAN countries are causes that are expected to promote the APAC packaging tape market growth. In addition, the hike in annual income of people and rising demand for luxurious automobiles are expected to driver the regional market. In the North America, the Packaging Tapes Market Trends is likely to register a steady growth owing to the firm retail base. Effective packaging tape solutions, as an outcome of extensive research and developmental activities in Europe is likely to boost the market growth. Moreover, high capital flow from cash-rich companies, encouraging experimentation is also likely to push the Europe market.
Key Players
MRFR listed notable vendors of packaging tapes. They are; H.B. Fuller Company, 3M, Avery Dennison Corporation, Nitto Denko Corporation, Henkel AG & Co. KGaA, Adhesives Research
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