Sarasota, FL -- (SBWIRE) -- 04/04/2019 -- Global Sealing & Strapping Packaging Tapes Market: Overview
Sealing & strapping tapes used while packaging cartons and boxes help during transport and strengthens the packages bearing significant weight. This tape is best suited for carton sealing, palletizing, unitizing, bundling, general packaging, and color coding.
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Global Sealing & Strapping Packaging Tapes Market: Growth Factors
Sealing & strapping packaging tapes are widely used by various end-user industries, subject to their beneficial features such as sealing heavy boxes and bundling of unpacked products. Other benefits associated with the use of sealing & strapping packaging tapes include good shear strength, better adhesion property, elongated shelf life due to the presence of filaments & adhesive, and allowing of printing & illustrations seen through the tape. Lucrative application of these products in sports and outdoor apparel sector as a result of massive health awareness among the consumers and rise in the fitness activities will drive the sealing & strapping packaging tapes market growth in the years to come. Furthermore, the increase in demand for protective clothing and accessories such as military, surgical/medical, and chemical protection garments are prominently leveraging the growth of the sealing & strapping packaging tapes market. Escalating demand for the products in carton sealing and the strapping & building will further accelerate the sealing & strapping packaging tapes market earnings over the coming years. However, stringent regulations for reshaping the adhesive-based packaging tapes market can act as a major restraint for the sealing & strapping packaging tapes market growth.
Global Sealing & Strapping Packaging Tapes Market: Segmentation
The global sealing & strapping packaging tapes market can be classified into the material, adhesive type, and application. Based on the material, the market is sectored into PP, PVC, and Paper. On the basis on the adhesive type, the market is divided into acrylic, silicone, and rubber-based. Application wise, the market is sectored into carton sealing and strapping & building.
Global Sealing & Strapping Packaging Tapes Market: Regional Analysis
Based on regions, the global sealing & strapping packaging tapes market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The Asia Pacific region is projected to witness the fastest growth in the sealing & strapping packaging tapes market, in terms of growth. This high growth of the market is attributed to the flourishing packaging industry in emerging economies such as China, India, Vietnam, Japan, and Taiwan in the Asia Pacific region. In addition, these countries are the largest exporters of packaging materials globally. Cheap labor costs and the availability of domestically produced raw materials have further contributed towards the growth of the sealing & strapping packaging tapes market in this region. Europe, Latin America, and North American markets are likely to have huge growth potential.
Global Sealing & Strapping Packaging Tapes Market: Competitive Players
Some of key players in sealing & strapping packaging tapes market are Avery Dennison Corporation (US), 3M Company (US), Nitto Denko Corporation (Japan), Intertape Polymer Group (Canada), Tesa SE (Germany), Scapa Group plc (UK), Shrutapes (US), Nichiban (Japan), Mactac (US), and Wuhan Huaxia Nanfeng Adhesive Tapes (China).
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Global Sealing & Strapping Packaging Tapes Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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