Sealing & Strapping Packaging Tape Market

Sealing and Strapping Packaging Tape Market Overview for 2024 to 2034

The sealing and strapping packaging tape market is expected to be valued at USD 23.2 billion in 2024. The demand for sealing and strapping packaging tape is expected to rise at a CAGR of 4.9% from 2024 to 2034. By the end of the forecast period, the industry value is expected to reach USD 37.6 billion.

Sealing and Strapping Packaging Tape Market Report

• The demand for sealing and strapping packaging tapes is rising due to their cost-effectiveness for various applications.
• End-users for the packaging tapes are plenty, with the product finding application in common household tasks as well as in large industrial undertakings.
• As the packaging industry expands, the need for packaging materials is increasing, and the demand for sealing and strapping packaging tapes is getting bolstered.
• Sealing and strapping packaging tapes are flexible packaging solutions, and as the industrial need for flexible packaging rises, the market stands to benefit.
• With the desire for fast turnaround times in industries, efficient packaging solutions are highly considered by customers. The easy and simple-to-use nature of sealing and strapping packaging tapes is thus endearing the product to industrialists.

Attributes	Details
Sealing and Strapping Packaging Tape Market Value, 2024	USD 23.2 billion
Projected Market Value, 2034	USD 37.6 billion
Value-based CAGR, 2024 to 2034	4.9%

Sealing and Strapping Packaging Tape Market Trends

• Sealing and strapping tapes are being increasingly adopted in industries for the security and protection of the material inside from humidity.
• The increasing interchange of goods between developed and developing countries is leading to a rise in demand for flexible but tough packaging materials like sealing and strapping packaging tapes.
• E-commerce has given a boost to sales of consumer products that have expensive packaging needs, needs that are being met by sealing and strapping packing tapes.
• Digital printing on tapes is providing the makers of goods an opportunity to further advertise, and thus, industrialists are adopting tapes into their packaging material.
• In line with the rising popularity of recyclable material, sealing and strapping tapes are being made from recyclable material, making the product popular among both industrialists and consumers.
• Sealing and strapping packaging tapes are made from materials like polypropylene and polyvinyl chloride, which often have volatile prices that make the manufacturing effort strenuous.
• Enterprises in the sealing and strapping packaging tape industry have to deal with the standards imposed by regulatory authorities, as industries with significant chemical use are being monitored heavily.

Category-wise Outlook

Paper is the most commonly used material in the making of sealing and strapping packing tapes. On the other hand, the adhesive most associated with sealing and strapping adhesive tapes is acrylic.

Paper’s Ability to be Effectively Meet Regulatory Standards

Attributes	Details
Top Material	Paper
CAGR (2024 to 2034)	4.6%

The paper segment is expected to progress at a CAGR of 4.6% over the forecast period. Factors driving the growth of the segment are:

• The production of sealing and strapping packaging tapes is subject to severe regulatory pressure and paper is helping producers meet the standards, while still not skimping on quality.
• While there has been a drive to incorporate sustainable and recyclable materials in the product, these materials are often expensive. The use of paper is a cost-friendly and sustainable option.

Acrylic is the Primary Adhesive Used in Sealing and Packaging Tapes

Attributes	Details
Top Adhesive	Acrylic
CAGR (2024 to 2034)	4.5%

Acrylic is predicted to register a CAGR of 4.5% over the forecast period. Some of the factors for the growth of the acrylic segment are:

• Acrylic is renowned for its ability to withstand harsh conditions, offering abilities like UV resistance and chemical exposure. Thus, acrylic has earned the confidence of manufacturers.
• Acrylic is long-lasting that provides security to the packaging by adding another layer.

Country-wise Analysis

The packaging sector is receiving encouragement from governments in the Asia Pacific region, which is propelling the market. The packaging sector’s advancement is part of the overall drive for industrial upgradation in the region.

The demand for sealing and strapping packaging tapes is surging in the healthcare sector in North America. Meanwhile in Europe, the ever-increasing number of factories is a boon for the market.

Countries	CAGR (2024 to 2034)
United States	5.2%
United Kingdom	5.5%
China	5.7%
Japan	5.4%
South Korea	7.3%

Rise in Online Sales of Consumer Products Boosting the Market in South Korea

The market in South Korea is anticipated to register a CAGR of 7.3% over the forecast period. Some of the factors driving the promising growth of the market in the country are:

• The South Korean population’s online presence is ever-increasing, and as part of it, e-commerce sales are rising. Rise in the sale of consumer products online is contributing to the demand for sealing and strapping packaging in the country.
• South Korea’s burgeoning food and beverage industry is making extensive use of sealing and strapping packaging tapes as a way to seal the food inside more readily.

Sealing and Strapping Packaging Tapes Enhance Export Capabilities in Japan

The market in Japan is set to expand at a CAGR of 5.4% over the forecast period. Prominent factors driving the growth of the market are:

• The export of domestically-made goods is a prominent business in Japan. The export of these goods, especially to Western countries, is aided by sealing and strapping packaging tapes, which help products to arrive at their destination securely.
• Japan has a number of small-scale shops specializing in areas like handicrafts and figurines, and sealing and strapping packaging tapes are being used to package these modest products.

China’s Humungous Textile Sector Driving Market Demand

The market in China is expected to register a CAGR of 5.7% through 2034. Some of the factors driving the growth of the market in China are as follows:

• China is reputed for its textile industry, which is considered to be the largest in the world. The textile industry in China thus represents a significant base for income generation for sealing and strapping packaging tape manufacturers.
• The considerable population of China is witnessing an exponential rise in food packaging needs in the country, aiding the growth of the market.

Focus on Recycling in the United Kingdom

The market in the United Kingdom is set to progress at a CAGR of 5.5% through 2034. Factors influencing the growth of the market in the United Kingdom include:

• The focus on recyclability in the United Kingdom is driving the demand for sealing and strapping packaging tapes made from recyclable materials.
• Experimentation with the adhesives and size of the tapes is common in the United Kingdom, making sure the demand for the product is flexible and not rigid.

Use of Sealing and Strapping Packaging Tapes for Marketing Purposes in the United States

The market in the United States is expected to register a CAGR of 5.2% through 2034. Some of the reasons for the growth of sealing and strapping packaging tape sales are:

• Vendors in the United States are taking advantage of the opportunity provided by tapes on the side of the packaged product for branding purposes.
• The United States is a significant importer of goods and sealing and strapping tapes are used to make sure the goods arrive in the desired shape.

Competitive Landscape in the Sealing and Strapping Packaging Tape Market

The market for sealing and strapping packaging tape is highly fragmented, with many small outfits dotting the landscape. The manufacture of these tapes is even being achieved by outfits being run from the homes of the properties.

The development of tougher materials and tapes that long last is a priority for market players. With the extensive use of tapes in the export and import of goods, there is scope for geographic expansion for market players.

Recent Developments in the Sealing and Strapping Packaging Tape Market

• In November 2023, Ball and Doggett expanded its product line, with sealing and strapping tapes among them.
• In September 2023, Intertape Polymer Group launched the 170e water-based acrylic pressure-sensitive carton sealing tape, made with recyclable material.
• In June 2023, Tesa introduced a range of tapes, including sealing and strapping tapes, made with sustainability in mind and containing recyclable material.
• In September 2019, 3M launched the Scothch High Tack Box Sealing Tape 375+, a sealing tape with a wide array of packaging applications.

Key Companies in the Sealing and Strapping Packaging Tape Market

• 3M Company
• Avery Dennison Corporation
• Nitto Denko Corporation
• Tesa SE
• Intertape Polymer Group

Key Coverage in the Sealing and Strapping Packaging Tape Market

• Current trends in the Sealing & Strapping Packaging Tapes Market
• Sealing and Strapping Packaging Tape Production Analysis
• Competitive Strategies Adopted by Sealing and Strapping Packaging Tape Manufacturers
• Innovations in Sealing and Strapping Packaging Tape
• Risk Mitigation and Management

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material
  • 5.1. Paper
  • 5.2. Polypropylene
  • 5.3. Polyvinyl Chloride
  • 5.4. Others
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Adhesive
  • 6.1. Acrylic
  • 6.2. Rubber-based
  • 6.3. Silicone
  • 6.4. Others
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
  • 7.1. Carton Sealing & Inner Packaging
  • 7.2. Strapping & Bundling
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 8.1. North America
  • 8.2. Latin America
  • 8.3. Western Europe
  • 8.4. Eastern Europe
  • 8.5. South Asia and Pacific
  • 8.6. East Asia
  • 8.7. Middle East and Africa
• 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 16. Key Countries Market Analysis
• 17. Market Structure Analysis
• 18. Competition Analysis
  • 18.1. 3M Company
  • 18.2. Avery Dennison Corporation
  • 18.3. Nitto Denko Corporation
  • 18.4. Tesa SE
  • 18.5. Intertape Polymer Group
  • 18.6. Scapa Group plc
  • 18.7. Wuhan HuaxiaNanfeng Adhesive Tapes
  • 18.8. Shrutapes
  • 18.9. Mactac
  • 18.10. Nichiban
• 19. Assumptions & Acronyms Used
• 20. Research Methodology