PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1357378
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1357378
Global Sealing and Strapping Packaging Tapes Market will witness 4.7% CAGR between 2023 and 2032. The expanding e-commerce industry demands efficient and secure packaging solutions, boosting the need for sealing and strapping tapes. The shift toward sustainability is driving the adoption of eco-friendly tapes, addressing environmental concerns.
For instance, in February 2023, Tesa, a prominent adhesive tape solutions manufacturer, introduced Tesa 51344, a novel tear tape crafted from paper. This innovative product serves as an eco-friendly opening solution for plastic-free designs in shipping boxes and envelopes. It aligns with sustainability goals, as it can be disposed of along with the board material, meeting recyclability standards as per PTS-RH 021:2012. The manufacturing and logistics sectors rely on these tapes for secure cargo packaging, contributing to market expansion. Moreover, technological advancements and product innovations cater to diverse industries, fueling the demand for sealing and strapping packaging tapes.
The overall Sealing and Strapping Packaging Tapes Market is classified based on material, application, and region.
The polypropylene segment will undergo significant development from 2023 to 2032. Polypropylene tapes are favored for their strength, durability, and versatility in various industries. They are increasingly chosen for securing packages in e-commerce, logistics, and manufacturing due to their cost-effectiveness and reliability. The lightweight nature of polypropylene tapes also reduces transportation costs, making them a popular choice in the sealing and strapping packaging tapes market outlook.
The carton sealing and inner packaging segment will record a notable CAGR from 2023 to 2032. These tapes provide essential security and protection for goods during shipping and storage. Their ability to seal cartons and provide inner cushioning makes them indispensable in various industries, including e-commerce and manufacturing. As businesses prioritize safe and secure packaging, the sealing and strapping packaging tapes market size in the carton sealing and inner packaging segment remains consistently high.
Europe sealing and strapping packaging tapes industry will showcase an appreciable CAGR from 2023 to 2032. Robust manufacturing and logistics sectors demand high-quality tapes for secure packaging, while the e-commerce boom further amplifies the need for reliable sealing solutions. Additionally, growing environmental consciousness encourages the use of eco-friendly tape options. This dynamic market in Europe reflects the continent's commitment to efficient and sustainable packaging solutions.