Market Research Report
Sealing & Strapping Packaging Tapes Market Size, Share & Trends Analysis Report By Material (Paper, Polypropylene), By Adhesive (Acrylic, Rubber-based, Silicone), By Application, And Segment Forecasts, 2020 - 2027
|Sealing & Strapping Packaging Tapes Market Size, Share & Trends Analysis Report By Material (Paper, Polypropylene), By Adhesive (Acrylic, Rubber-based, Silicone), By Application, And Segment Forecasts, 2020 - 2027|
Published: June 3, 2020
Grand View Research, Inc.
Content info: 143 Pages
Delivery time: 2-10 business days
The global sealing and strapping packaging tapes market size is expected to reach USD 27.1 billion by 2027, according to a new report by Grand View Research Inc. The market is anticipated to expand at a revenue-based CAGR of 4.8% during the forecast period. The rapidly emerging trend of folding carton packaging is expected to boost the demand for the tapes, thereby positively influence the overall market growth.
Technology innovation and awaiting regulation changes are heightening the growth of folding carton packaging in the newer direction in the constantly growing packaging industry. This factor is anticipated to fuel the growth of the overall market during the forecast period.
Packaging is also emerging as one of the most important marketing channels in the growing e-commerce market scenario. Thus, the digital printing advancements in tapes manufacturing is further expected to enhance the penetration of sealing andstrapping packaging tapes in the e-commerce shipments, thereby driving the overall market growth in the next eight years.
Key players in the industry are focusing on organic growth based on the existing product ranges and customer groups. In addition, the players are also employing efforts to expand the innovation portfolio and successfully execute new product launches in order to gain a strong foothold in the market over the forecast period.