Press release
Sealing & Strapping Packaging Tapes Market to Reach US$ 22.1 Billion by 2023 Expanding at 4.89% CAGR Overview by Carton Sealing and Strapping & Bundling Applications
Download Free PDF Brochure of Sealing & Strapping Packaging Tapes Market Now available at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1970374 .
The sealing & strapping packaging tapes market is dominated by large players such as 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). These players have established brands, a wide product portfolio, and a strong geographical presence in various countries.
“The growing demand from the packaging industry to drive the market for sealing & strapping packaging tapes”.
Report defines, segments, and projects sealing & strapping packaging tapes market size on the basis of material, type of adhesive, application, and region. The study analyzes competitive developments such as partnerships, agreements, acquisitions, expansions & investments, and new product launches or technological advancements in the sealing & strapping packaging tapes market.
More Information on Sealing & Strapping Packaging Tapes Market Report Now at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1970374 .
Global market for sealing & strapping packaging tapes is projected to grow from USD 17.4 billion in 2018, to reach USD 22.1 billion by 2023, at a CAGR of 4.89%. Sealing & strapping packaging tapes are widely accepted by various end-user industries due to its key properties like sealing heavy boxes and bundling of unpacked products. Strategies such as product innovation are driving sealing & strapping packaging tapes market, as manufacturers are focusing on developing new and innovative tapes to have a competitive edge.
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. Thus, the demand for sealing & strapping packaging tapes is projected to grow at a CAGR of 4.89% globally during the forecast period.
Asia Pacific region is projected to be the fastest-growing Sealing & strapping tapes market during the forecast period, followed by North America. In the Asia Pacific, China is projected to be the largest consumer for sealing & strapping packaging tapes, followed by Japan. However, India, with its growing packaging, construction, automotive, and healthcare industries is projected to drive the sealing & strapping packaging tapes market in the Asia Pacific region.
Place the Order Now on “Sealing & Strapping Packaging Tapes Market by Material (PP, Paper, PVC), type of adhesive (Acrylic, Rubber-based, and Silicone), Applications (Carton sealing and Strapping & bundling), and Region - Global Forecast to 2023” Report at http://www.rnrmarketresearch.com/contacts/purchase?rname=1970374 .
In Sealing & strapping tapes market report, its wide range of products caters to various applications across packaging, construction, electrical & electronics, consumer, marine, automotive, transport, and other industries. Strong global presence and specialization in the production of sealing & strapping packaging tapes ensured its leading position in the market. The company has a strong geographical reach; for instance, it operates in 17 locations worldwide, having 11 manufacturing sites in North America, Europe, and in some countries of the Asia Pacific.
Asia Pacific region is projected to witness the fastest growth in the sealing & strapping packaging tapes market, in terms of value. This high growth of the market is attributed to the growth of the packaging industry in emerging economies such as China, India, Vietnam, 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 to the growth of the market in this region.
Intertape Polymer Group is one of the global manufacturers of various paper- and film-based pressure-sensitive and water-activated tapes, woven-coated fabrics, polyethylene, and specialized polyolefin films, and complementary packaging systems. Its wide range of products caters to various applications across packaging, construction, electrical & electronics, consumer, marine, automotive, transport, and other industrie.
RnRMarketResearch is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.
Contact Number: + 1 888 391 5441
Email Id - sales@rnrmarketresearch.com
The sealing & strapping packaging tapes market is dominated by large players such as 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). These players have established brands, a wide product portfolio, and a strong geographical presence in various countries.
“The growing demand from the packaging industry to drive the market for sealing & strapping packaging tapes”.
Report defines, segments, and projects sealing & strapping packaging tapes market size on the basis of material, type of adhesive, application, and region. The study analyzes competitive developments such as partnerships, agreements, acquisitions, expansions & investments, and new product launches or technological advancements in the sealing & strapping packaging tapes market.
More Information on Sealing & Strapping Packaging Tapes Market Report Now at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1970374 .
Global market for sealing & strapping packaging tapes is projected to grow from USD 17.4 billion in 2018, to reach USD 22.1 billion by 2023, at a CAGR of 4.89%. Sealing & strapping packaging tapes are widely accepted by various end-user industries due to its key properties like sealing heavy boxes and bundling of unpacked products. Strategies such as product innovation are driving sealing & strapping packaging tapes market, as manufacturers are focusing on developing new and innovative tapes to have a competitive edge.
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. Thus, the demand for sealing & strapping packaging tapes is projected to grow at a CAGR of 4.89% globally during the forecast period.
Asia Pacific region is projected to be the fastest-growing Sealing & strapping tapes market during the forecast period, followed by North America. In the Asia Pacific, China is projected to be the largest consumer for sealing & strapping packaging tapes, followed by Japan. However, India, with its growing packaging, construction, automotive, and healthcare industries is projected to drive the sealing & strapping packaging tapes market in the Asia Pacific region.
Place the Order Now on “Sealing & Strapping Packaging Tapes Market by Material (PP, Paper, PVC), type of adhesive (Acrylic, Rubber-based, and Silicone), Applications (Carton sealing and Strapping & bundling), and Region - Global Forecast to 2023” Report at http://www.rnrmarketresearch.com/contacts/purchase?rname=1970374 .
In Sealing & strapping tapes market report, its wide range of products caters to various applications across packaging, construction, electrical & electronics, consumer, marine, automotive, transport, and other industries. Strong global presence and specialization in the production of sealing & strapping packaging tapes ensured its leading position in the market. The company has a strong geographical reach; for instance, it operates in 17 locations worldwide, having 11 manufacturing sites in North America, Europe, and in some countries of the Asia Pacific.
Asia Pacific region is projected to witness the fastest growth in the sealing & strapping packaging tapes market, in terms of value. This high growth of the market is attributed to the growth of the packaging industry in emerging economies such as China, India, Vietnam, 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 to the growth of the market in this region.
Intertape Polymer Group is one of the global manufacturers of various paper- and film-based pressure-sensitive and water-activated tapes, woven-coated fabrics, polyethylene, and specialized polyolefin films, and complementary packaging systems. Its wide range of products caters to various applications across packaging, construction, electrical & electronics, consumer, marine, automotive, transport, and other industrie.
RnRMarketResearch is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.
Contact Number: + 1 888 391 5441
Email Id - sales@rnrmarketresearch.com
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
