Sealing and Strapping Packaging Tapes Market Size & Share 2023 to 2032
Market Size by Material (Paper, Polypropylene, Polyvinyl Chloride), by Adhesive (Acrylic, Rubber-based, Silicone), by Application (Carton Sealing & Inner Packaging, Strapping & Bundling).
Report ID: GMI6369
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Published Date: August 2023
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Report Format: PDF
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Authors:
Kiran Pulidindi, Kunal Ahuja
Sealing and Strapping Packaging Tapes Market Size
Sealing And Strapping Packaging Tapes Market size was valued at more than USD 21 billion in 2022. Driven by the exponential surge in e-commerce, the market is poised to record a CAGR of 4.7% during 2023 and 2032. According to the Census Bureau of the Department of Commerce, the U.S. retail e-commerce sales for 2023 Q1 was estimated at over USD 272 billion, a rise of 3% from previous quarter.
Sealing and Strapping Packaging Tapes Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
As consumers increasingly turn to online shopping, businesses need to ensure their products reach customers securely and in pristine condition. Sealing and strapping packaging tapes make sure that packages are tightly sealed and protected during transit. These tapes offer superior adhesion to various surfaces and possess excellent tensile strength, making them ideal for securing packages of all sizes and weights. With the e-commerce landscape continuously expanding & evolving, large enterprises to small & medium-sized businesses will seek cost-effective & reliable packaging solutions This factor, along with the product’s ability to provide protection against moisture, impact, and rough handling will propel the industry growth in the coming years.
Sealing and Strapping Packaging Tapes Market Growth Drivers & Restraints
The increasing international trade that is compelling the businesses to streamline shipping operations is fueling the demand for sealing & strapping packaging tapes in order to ensure secure and tamper-proof journey of the packages. Despite the promising growth prospects, the market is facing certain restraints driven by shifting consumer preferences and regulatory compliance for safety. As consumers become more environmentally conscious and prioritize sustainable packaging options, traditional sealing & strapping tapes derived from non-recyclable materials are likely to witness decline in sales. Additionally, the stringent safety regulations and quality standards across various industries may necessitate costly modifications to packaging materials and processes, impacting the cost-effectiveness and profitability of businesses operating in the industry landscape.
COVID-19 Impact
During the COVID-19 pandemic, the surge in e-commerce activities and the increased focus on safety measures accelerated the demand for reliable packaging solutions. With strict lockdowns and social distancing measures in place, consumers turned to online shopping for their essential and non-essential needs, leading to a significant rise in package shipments. However, the pandemic also disrupted supply chains, causing raw material shortages and transportation challenges, which, in turn, led to fluctuations in pricing and availability of packaging tapes. The heightened safety concerns prompted businesses to adopt contactless delivery and implement hygienic packaging practices, driving the need for specialized tapes with antimicrobial properties. Overall, the pandemic highlighted the critical role of sealing & strapping packaging tapes in ensuring the efficient and safe delivery of goods during uncertain times, positively shaping the industry outlook.
Sealing and Strapping Packaging Tapes Market Trends
With the wider environmental conscious, businesses are actively seeking packaging tapes made from recyclable materials and adopting more sustainable production processes. This trend aligns with the global push towards eco-consciousness. The manufacturers are investing in innovative, biodegradable, and compostable sealing and strapping tapes to meet the demands of environmentally responsible consumers. The e-commerce behemoth Amazon is shifting to recyclable plastic packaging as well as paper packaging across many nations. Moreover, there is a rising adoption of smart packaging technologies that incorporate features like RFID tracking and tamper-evident seals, enhancing supply chain visibility and product security. These trends reflect the sealing & strapping packaging tapes industry's dedication to addressing environmental challenges and leveraging technology to optimize packaging operations for a more efficient and sustainable future.
Sealing & Strapping Packaging Tapes Market Analysis
The sealing and strapping packaging tapes market share from strapping and bundling application is projected to grow at a rapid rate through 2032, as the product is widely used as a robust & efficient solution for securing and stabilizing bulky loads. Strapping tapes, often made from materials like polypropylene or polyester, find usage in industries such as logistics, construction, and manufacturing, where there is a need to bundle together multiple items or reinforce cartons and pallets for transportation. These tapes provide high tensile strength and exceptional resistance to tearing, ensuring safe & secure handling of goods throughout the supply chain. As businesses continue to prioritize efficient and reliable packaging methods for large-scale shipments, the strapping and bundling application segment is expected to witness sustained growth through 2032.
The acrylic segment of sealing and strapping packaging tapes market accounted for a 40% revenue share in 2022 and is touted to gain traction over the forecast period. The segment growth can be attributed to the exceptional bonding strength, versatility, and durability acrylic adhesive, along with the superior resistance to temperature fluctuations, moisture, and UV radiation. They provide reliable adhesion to various surfaces, including cardboard, plastic, and metal, ensuring secure sealing and strapping of packages during transit. The increasing demand for packaging tapes that offer long-lasting performance and withstand challenging environmental conditions will favor the adoption of products with acrylic adhesive. In August 2022, Tesa launched 60412 Recycled PET packaging tape with abrasions-resistant backing and pressure-sensitive acrylic adhesive.
North America sealing and strapping packaging tapes market was worth USD 6.9 billion in 2022 and is estimated to showcase impressive growth trends during 2023 and 2032. With a mature e-commerce sector, a robust manufacturing base, and a well-established logistics infrastructure, the region offers immense opportunities for packaging tape manufacturers. According to figures released by the U.S. Department of Commerce, the e-commerce sales in the nation surpassed USD 1 trillion in 2022, for the first time. The growing consumer preference for online shopping and the increasing demand for reliable packaging solutions are boosting the product demand. Moreover, the stringent regulatory standards have led to a focus on high-quality and compliant packaging tapes. This factor, in consort with the shift toward eco-friendly packaging practices shaping the regional market outlook.
Sealing and Strapping Packaging Tapes Market Share
Some prominent players in the global sealing and strapping packaging tapes market are:
These players concentrate on strategic partnerships, new product launches, and commercialization efforts for market growth. Furthermore, they make huge investments in research & development to launch advanced products and gain maximum market revenue.
Sealing & Strapping Packaging Tapes Industry News
The sealing and strapping packaging tapes market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2018 to 2032, for the following segments:
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By Material
By Adhesive
By Application
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
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3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
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5. Forecast model & key assumptions
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✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
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