The global Heat Sealing Tape Market is expected to garner a market value of USD 20,196.0 Million in 2022 and is forecast to accumulate a market value of USD 32,275.9 Million by registering a CAGR of 4.8% in the forecast period 2022 to 2032.
Growth of the heat sealing tape market can be attributed to the effectiveness of the same along with increasing demand from the food and pharmaceutical industries. The market for heat sealing tape registered a CAGR of 3.4% in the historical period 2016 to 2021.
| Data Points | Key Statistics |
|---|---|
| Heat Sealing Tape Market Value (2022) | USD 20,196.0 Million |
| Heat Sealing Tape Forecast Value (2032) | USD 32,275.9 Million |
| Heat Sealing Tape CAGR (2022 to 2032) | 4.8% CAGR |
The packaging of various products and instruments is critical in ensuring their sterility. If the packaging and seal closures of packaging products are compromised, there is a substantial threat of product contamination during shipping and storage, which could be hazardous.
Heal sealing tape is primarily used to protect the heated filament in a heat sealing machine as it transmits heat to the packaging material to seal it. Heat-sealable packaging is a very cost-effective packaging process as compared to other sealing mechanisms such as Radio Frequency (RF) sealing.
Consumption of heat-sealing tape is expected to be driven by the FMCG, food, and pharmaceutical industries.
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The global heat sealing tape market is expected to accumulate USD 20,196.0 Million in value by 2022-end. During the forecast period ranging from 2022 to 2032, a CAGR worth 4.8% has been projected for the market, with an expected closing value worth USD 32,275.9 Million.
During 2016 to 2021 historical period, the industry grew at a value CAGR worth 3.4%.
Increasing penetration of packaged foods along with the growth in demand for heat sealing tapes in the pharmaceutical industry is positively influencing the demand for heat sealing tapes. In the upcoming years, the establishment of E-commerce websites along with advanced healthcare industries are expected to bolster the demand for heat sealing tapes.
The E-commerce industry bolstering the growth of Heat Sealing Tapes
Growth in e-commerce, as well as the growing adoption of online food and grocery delivery, has led to the necessity for packaged food, thereby widening the scope for growth in the heat-sealing tape market.
In addition, increasing demand for packaged food along with a rise in the pharmaceutical industry is accelerating the demand for heat-sealing tapes
The convenience of shipping products owing to the widening presence of the E-commerce industry is further augmenting the growth of heat sealing tapes. In the upcoming years, the demand for sustainable heat-sealing tapes is expected to drive innovation and the product portfolio of the industry.
Effectiveness of heat sealing tapes Maximizing Increase
Over the forthcoming years, the heat-sealing tape industry is poised to increase at a healthy rate. The fact that these tapes are inexpensive, effective, and simple to use is an important factor responsible for the growth of the heat-sealing tape market.
The heat-sealing tape market is expected to grow leading to excessive consumption and demand for food, industrial, and consumer goods.
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Material accessibility restraining market growth
The diverse variations of raw material accessibility are restraining the growth of heat-sealing tapes. Moreover, the increase in energy prices is creating obstacles to the growth of heat sealing tapes. Furthermore, the increasing availability of alternative heat-sealing packaging methods such as ultrasonic sealing may impede the global heat-sealing tape market.
Healthy FMCG and pharmaceutical Packaging bolstering the growth of heat sealing tapes in the region
North America is expected to account for a 24% share of the heat-sealing tape market in 2022. The market growth is attributed to the swelling need for consumer goods and packaged food and the availability of supermarkets and hypermarkets in the region. The United States and Canada are major contributors to the regional market.
According to a USA Census Bureau estimate, total e-commerce retail sales in North America elevated by 7.8 percent in the first quarter of 2021 compared to the first quarter of 2020, reaching USD 1,581.4 Million, as the e-commerce industry is forecasted to expand in North America.
The vast number of food service suppliers who are effectively digitalizing their operations is estimated to propel.
Because of its massive food manufacturing base, the United States emerged as the largest food packaging market in North America in 2020.
The ease of selecting food items based on taste and health preferences, combined with convenient payment methods, is increasing food item and food packaging sales, bolstering the heat-sealing tape market in the United States.
There is a significant expansion in a healthy FMCG (fast-moving consumer goods) industry and pharmaceutical packaging, along with capital efficiency from multinational companies to tap the rising demand of hypermarkets and supermarkets, which is expected to drive growth in the heat seal banding tape market in this region.
Some of the primary reasons for the growth of the heat seal banding tape market are technological advancement and product differentiation. Furthermore, the expansion of manufacturing facilities is projected to augment heat seal banding tape during the forecast period in this region.
Development of the retail industry bolstering the growth of heat-sealing tapes
As per Future Market Insights, in 2022, Europe is expected to capture 28% of the global heat sealing tape market revenue and is poised to maintain high growth throughout the upcoming forecast period. In recent years, European consumers, retailers, and policymakers have prioritized sustainability, and internet retailing has received more scrutiny than ever before.
Concerns about the environmental impacts of cross-border purchase decisions have grown among Europeans, as have supply chain issues involving human rights, labor conditions, and raw material collection.
As a result of the development of the retailing industry and the food packaging industry in Europe, the demand for heat-sealing tape is expected to rise.
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E-commerce sites along with convenience food increasing demand for heat sealing tapes
The expansion of the food & beverage industries has opened doors of opportunities for heat sealing tapes. The variety of food products present in the market needs weather and damage protection.
In addition, the growing penetration of packaged food along with the establishment of e-commerce websites is increasing the dependency on heat sealing types. Thus, by application, food products are expected to procure a 40% market share for heat sealing tapes in 2022.
The swelling dispersion of start-ups in the heat sealing tape market has modified product quality and inclined global sales. Besides, to gain a competitive edge, new start-ups are working on novel developments and releasing the latest products such as:
A few of the major manufacturers identified across the globe in the heat sealing tape market are DuPont Teijin Films USA Limited Partnership, National Plastics, Inc., HEAT SEALING PACKAGING SUPPLIES & EQUIPMENT, HEAT SEAL, LLC., Prairie State Group, Venus Packaging, Blisterpak, Inc., Petra Manufacturing Company and Janco Inc, LLC., Shenzhen Hero-PAK Technology Co., Ltd., Guangzhou Xinghang Insulating Material Co., Ltd., Cangnan Huaxiang Textile Co., Ltd. Key development in the Heat Sealing Tape market is as follows:
| Report Attribute | Details |
|---|---|
| Market Value in 2022 | USD 20,196.0 Million |
| Market Value in 2032 | USD 32,275.9 Million |
| Growth Rate | CAGR of 4.8% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Adhesive, Tape, Usage, Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia-Pacific excluding Japan; Japan; Middle East and Africa |
| Key Countries Profiled | United States of America, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC Countries, South Africa |
| Key Companies Profiled | DuPont Teijin Films USA Limited Partnership; National Plastics, Inc.; Heat Sealing Packaging Supplies & Equipment; Heat Seal, LLC; Prairie State Group; Venus Packaging; Blisterpak Inc.; Petra Manufacturing Company; Janco Inc. LLC.; Shenzhen Hero-PAK Technology Co. Ltd.; Guangzhou Xinghang Insulating Material Co. |
| Customization | Available Upon Request |
FMI projects the global heat sealing tape market to expand at a 4.8% value CAGR by 2032
North America is expected to account for a 24% share in the heat sealing tape market in 2022.
DuPont Teijin Films USA Limited Partnership, National Plastics, Inc., HEAT SEALING PACKAGING SUPPLIES & EQUIPMENT, HEAT SEAL, LLC., Prairie State Group, Venus Packaging, Blisterpak, Inc., Petra Manufacturing Company and Janco Inc, LLC., Shenzhen Hero-PAK Technology Co., Ltd., Guangzhou Xinghang Insulating Material Co., Ltd., Cangnan Huaxiang Textile Co., Ltd. are some prominent heat sealing tape manufacturers
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2016 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Adhesive Type 5.1. Hot Melt 5.2. Pressure Sensitive 5.3. Water Activated 5.4. Others 6. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Tape Type 6.1. Waterproof Tape 6.2. Heat-Resistant Tape 6.3. Antistatic Tape 6.4. Freon-proof Tape 6.5. Moisture-proof Tape 6.6. Aseptic Tape 6.7. Others 7. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Application 7.1. Food Products 7.2. Healthcare Products 7.3. Industrial Products 7.4. Others 8. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa 9. North America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East and Africa Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. DuPont Teijin Films United States of America Limited Partnership 16.2. National Plastics, Inc. 16.3. HEAT SEALING PACKAGING SUPPLIES & EQUIPMENT 16.4. HEAT SEAL, LLC. 16.5. Prairie State Group 16.6. Venus Packaging 16.7. Blisterpak, Inc. 16.8. Petra Manufacturing Company and Janco Inc., LLC. 16.9. Shenzhen Hero-PAK Technology Co., Ltd 16.10. Guangzhou Xinghang Insulating Material Co., Ltd. 16.11. Cangnan Huaxiang Textile Co., Ltd. 17. Assumptions & Acronyms Used 18. Research Methodology
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Heat Sealing Tape Market
