Packaging Tapes Market Trends, Key Drivers, Size, Share, Growth and Forecast To 2021

Summary

Packaging Tapes Market Trends, information by Type (Filament tapes, Double-sided tapes, Parcel tapes, Light-duty packaging tapes, and others) by Material (Acrylic, Hot Melt, and others) by Application (Food & Beverages, Chemicals, Consumer Goods, and others) and Region - Forecast to 2021

Packaging Tapes Market Trends Scenario 

The growing e-commerce and organized retail sector along with multiple usages of packaging tapes across various industries are the key drivers of Packaging Tapes Market Trends. The growth of e-commerce and food & beverage markets particularly in the Asian regions of China and India induces the demand for packaging tapes. Furthermore the increased application across various industries fuels the demand for packaging tapes. This is backed by the increasing purchasing power and investments in the packaging industries.

The Global Packaging Tapes Market Trends is expected to grow at a huge CAGR from 2016 to 2021.

Key Players

The key players of global Packaging Tapes Market Trends report include

• 3M


• B. Fuller Company


• Avery Dennison Corporation


• Henkel AG & Co. KGaA


• Nitto Denko Corporation


• Advance Tapes International


• Adhesives Research Inc.


• Bostik SA


• Dow Corning Corporation


• Evans Adhesive Corporation Ltd.


• Franklin International


• Intertape Polymer Group and Lord Corporation

Regional Analysis

The Asia Pacific region heading with the burgeoning eCommerce industry would retain its dominance over the global packaging tapes market trends throughout the forecast period. Factors such as the increasingly lucrative opportunities in the packaging industry and the huge exports of fruits and vegetables, especially from China and India are fostering the growth of the regional market.

Moreover, online food ordering business is taking its roots rapidly, especially in India, which in turn, substantiates the growth in the packaging tapes market, creating a vast demand for sealing tapes for food packaging.

The packaging tapes market in the North American region accounts for the second-largest market, globally.  Stringent government regulations for packaging of edible items and the growing demand for quality packaging with tamper-proof packaging are driving the growth of the regional market. Moreover, the higher disposable income is fostering the market growth in the region, driving significant demand for efficient packaging for food & beverages.

The Europe packaging tapes market is emerging as a profitable market, globally. Changing lifestyles drive the growth of the regional market, increasing the demand for eCommerce and online food delivery market. Additionally, the demand for convenience packaging is allowing the packaging tapes market in the region to grow rapidly.

Segmentation

Global Packaging Tapes Market Trends is segmented on th7e basis of Type, Material, Application and Region. On the basis of Type it is segmented as Filament tapes, Double-sided tapes, Parcel tapes, Light-duty packaging tapes, and others. On the basis of Material it is segmented as Acrylic, Hot Melt, and others. On the basis of Application it is segmented as Food & Beverages, Chemicals, Consumer Goods, and others. Additionally on the basis of Region, it is segmented as North America, Europe, APAC and Rest of the World.

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