The demand for packaging tapes is gaining traction on the backdrop of colossal growth from the packaging industry. Several types of industries use packaging tapes, and these tapes have to undergo extreme climate conditions during transportation. Vendors are pushed by the challenges of introducing innovative products such as UV resistance tapes and light weight tapes. Various advanced technologies and machinery are being used across the globe by manufacturers for tape and substrate processing to reduce the time taken by the products to reach the market.
The latest packaging tapes offer good adhesion, absolute transparency, and high aging resistance and clean positioning. At extremely low temperatures acrylate-based pressure-sensitive adhesives provide easy labeling and use of ultra-violet acrylate adhesives delivers extraordinary aging resistance. Because of the growing need for product identification and easy marketing the global packaging tape market is witnessing a demand for printed packaging tapes.
Availability of various innovative designs and materials in the global packaging tapes market has sufficiently increased its application in several industries. Industries such as food and beverages, retail packaging, e-commerce, and automobile are putting packaging tapes to numerous uses. In the automotive industry, the demand for high-quality tapes such as filament tapes is anticipated to increase during the forecast period.
Parcel tapes will contribute the largest share in the global packaging tape market. These tapes are widely accepted in various verticals such as food and beverages, and automotive, etc. The most frequently used parcel tapes are translucent and brown primarily used for packaging of corrugated boxes and common sealing or enclosing.
Packaging Tapes Market – Major Players:
Some of the key players in the global packaging tape market are 3M, Avery Dennison, Henkel, Nitto Denko, and Tesa. Other prominent vendors in the market are Advance Tapes International, Adhesives Research, Bostik, Dow Corning, Evans Adhesive, Franklin International, H.B. Fuller, Intertape Polymer, Lintec, Lohmann, LORD, MACtac etc.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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