Global Sealing & Strapping Packaging Tapes market is accounted for $14.26 billion in 2017 and is expected to reach $25.51 billion by 2026 growing at a CAGR of 6.7% during the forecast period. Expansive acknowledgment of bundling tapes because of simplicity of pertinence and broad scope of uses in the bundling business are fueling the market growth. However, increases in raw material prices are restraining the market growth.
Sealing & strapping tapes utilized while bundling boxes and containers help amid transport and reinforces the bundles bearing critical weight. This tape is best reasonable for palletizing, general bundling, shading coding, unitizing, packaging and container fixing.
By Type of Adhesive, Acrylic segment fuels the market share during the forecast period due to various favorable circumstances of acrylic glues in fixing and tying bundling tapes incorporate prevalent waterproofing and superb bond.
Based on geography, Asia Pacific Asia Pacific is expected to dominate the market during the estimated period owing to largest exporters of packaging materials globally. biggest exporters of bundling materials universally. Cheap work costs and the accessibility of locally delivered crude materials have additionally added to the development of the market in this region
Some of the key players in Sealing & Strapping Packaging Tapes market include Wuhan Huaxia Nanfeng Adhesive Tapes, Mactac, Nichiban, Shurtapes Technologies, Scapa Group PLC, Tesa SE, Intertape Polymer Group, Nitto Denko Corporation, 3M Company, Avery Dennison Corporation, Berry Plastics Corporation, Advanced Tapes International, CCT Tapes and Ajit Industries.
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Type of Adhesives Covered:
• Other Type of Adhesives
• Polyvinyl Chloride
• Other Materials
• Strapping & Bundling
• Carton Sealing
Rest of Europe
Rest of Asia Pacific
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Rest of South America
Middle East & Africa