The Latest Trend In Sealing & Strapping Packaging Tapes Market (Global Forecast to 2023)

Sealing & strapping packaging tapes market size was estimated at USD 17.37 billion in 2018 and is projected to reach USD 22.07 billion by 2023 at a CAGR of 4.89%. Furthermore, the market is estimated at USD 17.38 billion for the consumption of 35.61 billion square meters in 2018 and is projected to reach 43.92 billion square meters by 2023 at a CAGR of 4.28%, in terms of volume.
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Sealing & Strapping Packaging Tapes Market by Material (PP, Paper, PVC), type of adhesive (Acrylic, Rubber-based, and Silicone), Applications (Carton sealing and Strapping & bundling), and Region - Global Forecast to 2023.

Sealing & strapping packaging tapes are continuous flexible strips of paper, plastic, cloth, metal, or foam that are coated on a single or both sides with an adhesive. Sealing tapes can adhere to a variety of substrates by applying light pressure at room temperature. On the other hand, strapping does not require any adhesive and is majorly used in bundling and pelletizing. The primary raw materials used to manufacture these packaging tapes are acrylic, rubber, silicone, and other resins such as polyurethanes, poly-iso-butanes hybrid, nitriles, and hydrophilic adhesive along with substrates such as PVC, paper, PP, fabric, metal, and foam.

By Type of Adhesive,

Acrylic
Rubber-Based
Silicone
Others
By Application,

Carton Sealing Tapes
Strapping & Building
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♦ Companies covered -

Key market players including,
Avery Dennison Corporation (US), 3M Company (US), Nitto Denko Corporation (Japan), Intertape Polymer Group (Canada), Tesa SE (Germany), Scapa Group plc (UK), Shrutapes Technologies (US), Nichiban (Japan), Mactac (US), and Wuhan Huaxia Nanfeng Adhesive Tapes (China).