The global cold storage tape market value reached USD 628 million in 2023. Over the forecast period, the value is anticipated to rise at 3.1% CAGR. The market is predicted to increase from USD 645 million in 2024 to USD 871 million in 2034.
The global floral industry is one of the largest consumers of cold storage floor tapes. In the past few years, the industry has seen an exponential surge, especially in countries with a robust hospitality sector such as Thailand, Singapore, Malaysia, etc.
The demand for these tapes has touched the skies as they are used in maintaining the aesthetic and quality of flowers during transportation and storage. These tapes are also used in packaging and labeling perishable food items.
The pharmaceutical industry, since the pandemic, has also expanded exponentially. In countries like India, China, and the United Kingdom, companies involved in manufacturing and storing medications are generating an excellent demand for these adhesive tapes as they are a crucial component in sealing and labeling medicine bottles, vials, and packages that require refrigeration.
Cold Storage Tape Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 628 million |
| Estimated Size, 2024 | USD 645 million |
| Projected Size, 2034 | USD 871 million |
| Value-based CAGR (2024 to 2034) | 3.1% |
The demand for these adhesive tapes is also skyrocketing in the logistics and shipping companies as they often deal with goods that require cold chain management. They are used to secure and label packages that need to be transported under refrigerated conditions.
Even in the chemical sector, these tapes find immense applications. They are increasingly being sought-after in these industries to seal and label containers of these chemicals, By doing so, businesses ensure safe storage and handling.
The globalization of trade has increased the movement of temperature-sensitive goods across borders. This has also increased the demand for adhesive tapes in the cold storage sector, especially in the food and beverage industries.
This trend is observed in countries with enormous populations like China, Brazil, India, and Thailand. The proliferation of e-commerce in developing and underdeveloped economies in the last couple of years has also put tremendous pressure on the manufacturers of these adhesive tapes.
Several governments as well as private players are increasingly investing in cold chain infrastructure globally. This hefty investment requires the use of high-quality cold storage tapes to ensure the proper sealing and labeling of products stored in these facilities.
Besides this, modern-day tapes are also easily customizable. Manufacturers now offer a variety of tapes as per the needs of the end users. Options like these have also accelerated their adoption in the industrial landscape.
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Integration of Smart Technology to Accelerate the Adoption across Domains
Cold storage tapes are now equipped with RFID (Radio Frequency Identification) tags or QR codes to enable real-time monitoring of temperature-sensitive shipments. This integration has significantly enhanced the adoption of these tapes in industries across sectors.
By incorporating such technological additions, businesses ensure instant access to shipment data, including temperature fluctuations and location tracking. Key players in the industry are also dedicating vast financial resources to make these tapes more interactive and informative.
Sustainability Trends to Have a Big Impact on Industry
Industry giants are increasingly focusing on developing eco-friendly tapes made from recyclable materials or biodegradable components. This will not only help them lower their carbon emissions but also enhance their brand image in the industrial world.
Tapes made from plant-based polymers, recycled plastics, and biodegradable adhesives are hence gaining traction as consumers and businesses are both becoming more eco-conscious.
Compatibility with Existing Infrastructure makes Things Difficult for this Industry
The integration of new and highly advanced cold storage tapes into the existing infrastructure is a cumbersome task, especially for small-scale businesses. Many businesses in the cold storage sector have already designed their facilities following traditional synthetic tapes.
This is the biggest challenge slowing down the adoption of these tapes in industrial settings. Also, biodegradable tapes are more costly than plastic and polyester ones, which is again creating challenges for the industry.
The growth of the cold storage tape industry was recorded at 2.3% between 2019 and 2023. The industry generated revenue amounting to USD 572 million in 2019 and surpassed USD 628 million by 2023.
In the early stages of the pandemic, the industry faced a huge plunge in growth as the global manufacturing and logistics sectors experienced disruptions due to lockdowns, supply chain interruptions, and reduced consumer demand. However, certain sectors such as healthcare and food and beverages saw increased demand for long lasting packing tapes as they were essential for packaging and labeling critical supplies.
As industries and consumers, both adapted to the conditions, the adhesive tape industry began to recover. The growth of e-commerce further boosted the demand for these tapes as they formed a crucial component in storing groceries, household items, and other goods requiring temperature-sensitive handling.
The rollout of vacancies and ongoing healthcare needs sustained demand for cold storage tapes in the healthcare and biotechnology sectors. The market has been on the path of recovery since then.
Principal Consultant
Tier one companies such as 3M, Avery Dennison, and Intertape Polymer Group are at the forefront of the cold storage tape industry. They are continuously innovating to create high-performance tapes that meet stringent requirements for durability and adhesion in cold storage environments. These companies are also investing heavily in advanced materials and technologies, including sustainable options like recyclable and biodegradable components.
Tier two companies such as Scapa Group, Tesa SE, and Berry Global also play a crucial role in the market by offering specialized products and solutions. These companies often focus on niche markets or provide customizable tape solutions that cater to unique customer requirements.
They contribute to industry growth by expanding the range of available products, including tapes designed for specific applications such as medical packaging or industrial logistics.
Tier three companies like CCT Tapes, Shurtape Technologies, and ATP Adhesive Systems are vital players in the market, often specializing in regional markets or niche applications. These companies differentiate themselves by offering cost-effective solutions and flexible service options that meet the needs of smaller businesses and local industries.
While they may not have the global reach or extensive resources of tier one and tier two companies, tier three firms contribute to industry growth by providing competitive alternatives and fostering innovation at a grassroots level.
This section gives insights into the cold storage tape market’s global forecast in top countries and the regional growth patterns. Information on regions like North America, Europe, Asia Pacific, and others has been granulated, focusing on the top countries.
According to these numbers, in the North American region, Canada tops the charts. The United Kingdom, in the European region, is one of the most lucrative markets for these tapes. In the Asian part, India exhibits a healthy CAGR of 6.7% through 2034.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| Canada | 2.7% |
| United States | 2.1% |
| Germany | 2% |
| India | 6.7% |
| Thailand | 4.7% |
| South Korea | 2.1% |
| China | 3.9% |
| United Kingdom | 2.6% |
The cold storage tape industry in India is set to showcase a sustained CAGR of 6.7% through 2034. The industry is growing in India due to the country’s expanding pharmaceutical sector. India, in the last few years, has been experiencing an increase in healthcare needs and pharmaceutical exports.
This has skyrocketed its demands for reliable cold storage solutions for packaging and labeling medicines and vaccines. Cold storage packing tapes play a crucial role in maintaining the integrity and safety of these temperature-sensitive products during storage and transportation.
The rapid growth of e-commerce in India has also spurred demand for effective packaging materials to ensure the freshness and quality of perishable goods delivered to consumers.
China is very likely to exhibit a CAGR of 3.9% for the forecast period. It is one of the leading cold storage tape sectors in Asia. China’s thriving food and beverage sector relies heavily on cold storage packing tapes to preserve the quality and shelf life of perishable products such as fresh produce, seafood, and dairy.
As consumer preferences shift towards safer and higher-quality food products, there is an increasing emphasis on effective cold storage solutions to meet stringent hygiene and safety standards. This has created excellent opportunities for manufacturers of these tapes in the country. The industry in China is also benefiting from robust industrial growth and growing manufacturing activities
China's pharmaceutical industry is also rapidly expanding. This has generated excellent demand for cold storage floor tapes as they are essential for ensuring compliance with international standards for packaging and transporting pharmaceuticals.
The United States industry is expected to register a CAGR of 2.1% over the forecast period. The COVID-19 pandemic has accelerated the need for reliable cold storage solutions, particularly for vaccine distribution and storage across the United States.
The industry is also growing due to advancements in healthcare technologies and pharmaceutical research. The rise of e-commerce and online grocery shopping has increased demand for cold storage tapes to ensure the safe delivery of perishable goods to consumers' doorsteps.
This trend is supported by ongoing investments in sustainable packaging solutions and stringent regulatory requirements for product safety and environmental compliance in the United States.
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This section takes a closer look at the cold storage tape market segmentation by thickness, application, and end user. The top two categories are discussed below.
The market is segmented based on thickness into three categories: up to 50 microns, 51 to 100 microns, and above 100 microns. Among these, tapes with a thickness of up to 50 microns account for 37% of the overall market in 2024.
| Thickness | Up to 50 microns |
|---|---|
| Value Share (2024) | 37% |
Tapes with a thickness of up to 50 microns are in great demand as they offer adequate strength for sealing and packaging needs while being more affordable than thicker alternatives.
These tapes are also preferred by businesses due to their cost-effectiveness and sufficient durability for many applications. Their lightweight nature, which reduces shipping costs, and their versatility in various applications such as food and beverage packaging are some of the main factors driving their demand.
The growing emphasis on sustainability also accelerates their adoption, as thinner tapes use fewer raw materials, resulting in less environmental impact. Their ease of use and compatibility with automated packaging systems also contribute to their widespread preference.
The cold storage tape industry serves various end users, such as food and beverages, personal care and cosmetics, pharmaceuticals, chemicals, and other industrial sectors. Pharmaceuticals are estimated to hold a market share of 48%, as of 2024.
| End User | Pharmaceuticals |
|---|---|
| Value Share (2024) | 48% |
The growth of temperature-sensitive biologics and the rise in global vaccine distribution are some of the main reasons why a significant surge in the demand for these tapes in the global pharma sector is observed.
Businesses in the pharmaceutical industry are also increasingly in need of cold storage tapes due to stringent temperature control requirements for drugs and vaccines. The COVID-19 pandemic has also heightened awareness and urgency for reliable cold storage solutions, which has further boosted adoption.
The demand for these tapes in the pharma companies is also touching the skies as they are an essential component in maintaining the integrity of sensitive products.
The competition in the cold storage tape market is very fierce with a multitude of international companies having a strong foothold in the industry. Healthcare entities, pharma companies, food and beverage manufacturers, and chemical factory units, all rely on these industry-giants for their adhesive tapes.
There is little to no scope for new entrants as they have to battle lower profit margins and a loyal consumer base. Besides this, the industry is heavily influenced by the innovations of these companies as they have robust research and development capabilities.
Lineage Logistics, Americold Logistics, United States Cold Storage, NewCold, and Nichirei Logistics Group, are some of the most prominent companies in this market.
Recent Developments
The cold storage tape market is segmented based on thickness, with options including tapes up to 50 microns, tapes ranging from 51 to 100 microns, and tapes above 100 microns.
In terms of application, cold storage tapes are utilized across various sectors such as food and beverages, personal care and cosmetics, pharmaceuticals, chemicals, and other industrial applications.
Based on end-user, the market is classified into food and beverages, personal care and cosmetics, pharmaceuticals, chemicals, and other industrial sectors.
Key countries of North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa (MEA), and Oceania have been covered in the report.
The global valuation is USD 645 million as of 2024.
The market is expected to reach USD 871 million by 2034.
The market is growing at a CAGR of 3.1% from 2024 to 2034.
Lineage Logistics, Americold Logistics, and United States Cold Storage.
In 2023, the global market was valued at USD 628 million.
1. Executive Summary
2. Industry Introduction, including Taxonomy and Market Definition
3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
5. Pricing Analysis
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
6.1. Thickness
6.2. Application
6.3. End User
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Thickness
7.1. Upto 50 Microns
7.2. 51 to 100 Microns
7.3. Above 100 Microns
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
8.1. Deep Freezers
8.2. Refrigerators
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User
9.1. Food & Beverages
9.2. Personal Care & Cosmetics
9.3. Pharmaceuticals
9.4. Chemicals
9.5. Other Industrial
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
10.1. North America
10.2. Latin America
10.3. Western Europe
10.4. South Asia
10.5. East Asia
10.6. Eastern Europe
10.7. Middle East & Africa
11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
14. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
18. Sales Forecast 2024 to 2034 by Thickness, Application, and End User for 30 Countries
19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
20. Company Profile
20.1. Shurtape Technologies, LLC
20.2. 3M Company
20.3. Vibac Group S.p.a.
20.4. Brady Corporation
20.5. Tesa SE
20.6. Avery Dennison Corporation
20.7. Sigma Aldrich Corporation
20.8. DuraLabel
20.9. CCL Industries Inc.
20.10. Phoenix Tape
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Cold Storage Tape Market
