Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Sealing and Strapping Packaging Tapes Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Sealing and
Strapping Packaging Tapes Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Sealing and Strapping Packaging Tapes Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Sealing
and Strapping Packaging Tapes Market is offered. In accordance with the report, the global
Sealing and Strapping Packaging Tapes Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Pressure
sensitive tapes aimed at performing packaging functions like pallet unitizing,
bundling units, reinforced packaging and many more is called sealing and
strapping packaging tapes. Owing to a series of benefits, these goods have
found widespread application in the food and beverage industry, automotive
sector and electronics sector. The thriving end use sector is positively
influencing the growth of this market.
Market Drivers
The
convenience associated with the usage of sealing and strapping packaging tapes
is providing the initial impetus to this market. These tapes can be highly
utilized for specific purposes that include bonding dissimilar things,
vibration reduction, easy applicability and user-friendliness. They can
tactfully be implemented in the room temperature and does not need additional
heat, solvent and water to strengthen the adhesive capabilities. The high speed
processibility and the absence of residual on removal of the tapes are
positively influencing its market growth. They can be used in replacement of
mechanical fasteners due to the lower levels of stress and vibration generated
by the sealing and strapping packaging tapes relative to their mechanical
counterparts. Numerous benefits associated with the use of this product is
fueling the growth of sealing and strapping packaging tapes market.
The
surging development and growth of the e-commerce platforms are bolstering the
market growth. The craze for packaging tapes to aid e-commerce shipments. Moreover,
the complex handling of e-commerce shipments relative to the traditional
distributional channel is driving the corrugated secondary packaging demand in
turn charging up the taping solutions market. Further, advancement in
e-commerce platforms at a lightning speed coupled with the drive for
digitalization of the economy is augmenting the growth of this market.
Upsurge
in environmental concern and the stringent regulations of the government across
the globe for environmental conservation is bolstering the growth of this
market since these products does not make harmful emissions in the environment.
Market Restraints
The
raw materials used in the production of sealing and strapping packaging tapes
include organic and inorganic chemicals, natural rubber, synthetic rubber,
acrylic which are derived on the basis of petroleum. These raw materials have
volatile prices. The fluctuating oil prices and shortage feedstock and monomers
used in the production of adhesive is leading to the immoderate prices of the sealing
and strapping packaging tapes. Increasing cost of energy and fluctuating raw
material prices is retarding the growth of the sealing and strapping packaging
market.
The
rigid directives of the government and the strict adherence to these laws on
the utilization adhesive-based tapes is straining the growth of this market.
Further, the firm regulations imposed on the chemical industry and
restructuring of packaging tapes is restraining the growth of this market.
Opportunities
The
growth of the e-commerce platforms and the positive influence of the acceptance
of these platforms for shopping is likely to expand the shipments and provide
lucrative opportunities to this market.
The
booming food and beverage sector coupled with the widening base of the food
delivery applications and the rising dependence of the consumers on it is a
good scope for the sealing and strapping packaging tapes market.
Trends
The
sealing and strapping packaging tapes market in North America and Europe is
expected to dominate the market in the forecast period. The already presence
and operation of the market for this good and the surging number of sports
enthusiasts in the Europe region is expected to be the causes behind the
domination of these regions in the market. The Asia Pacific region is projected
to be the fastest growing region owing to the presence of emerging economies
like China and India. The availability of labor at a cheap cost and the also
the availability of raw materials that assists production in this region can be
traced as the causes of such significant growth of this region in the forecast
period. Acrylic adhesive segment of the sealing and strapping packaging tapes
is expected to showcase a significant growth with an approximate CAGR of 4.9%
in the forecast period.
Segment Covered:
This market
intelligence report on the global Sealing and Strapping Packaging Tapes Market encompasses market segments based on material, type of
adhesive, application and country.
By Material the global Sealing and Strapping Packaging
Tapes Market has been divided into:
q Paper
q Polypropylene
q Polyvinyl
Chloride
q Others
By Type of Adhesive the global Sealing and Strapping
Packaging Tapes Market has been divided into:
q Silicone
q Rubber-based
q Acrylic
q Others
By Application the
global Sealing and Strapping Packaging Tapes Market has been divided into:
q Strapping
and building
q Carton
Sealing Tapes
By country/region,
the global Sealing and Strapping Packaging Tapes Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Intertape
Polymer Group
q 3M
Company
q Shurtape
Technologies LLC
q Berry
Global Inc
q Nichiban
Company Ltd
q CCT
Tapes
q Nitto
Denko Corporation
q Advance
Tapes International
q Avery
Dennison Corporation
q Ultra
Tape
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Sealing and Strapping Packaging Tapes Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Intertape Polymer Group
In November
2018, a 29% stake of Powerband (India) was acquired by Intertape Polymer Group
with USD 9.9 million. This acquisition was supposed to improve consumer
services in North American and European Market. The manufacturing facilities at
low cost would benefit the company.
3M Company
In September
2019, the obtainability of Scotch High Tack Box Sealing Tape 375+ was announced
by 3M Company. It is a sort of industrial packaging tape that is utilized for
splicing, box sealing, recuperate and other packaging solutions.
Shurtape Technologies LLC
In February
2017, Syntac Coated Products was acquired by Shurtape Technologies LLC. The
former is a specialized manufacturer and designer of of adhesive coated
products. The latter is a dominant manufacturer of adhesive tapes.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Sealing and Strapping
Packaging Tapes Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Sealing and Strapping Packaging Tapes Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Sealing and Strapping Packaging Tapes caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Sealing
and Strapping Packaging Tapes Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Sealing and Strapping Packaging Tapes Market
v
Identification
of key factors driving investment opportunities in the Sealing and
Strapping Packaging Tapes Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants
