Asia-Pacific Packaging Tapes Market Size (2024 - 2029)

The Asia-Pacific packaging tapes market is experiencing growth driven by the increasing demand from the e-commerce and food and beverage sectors, which expanded significantly during the COVID-19 pandemic. This surge in demand is attributed to the need for packaging solutions that offer superior strength and durability. However, the market's expansion is somewhat hindered by stringent regulations on single-use plastics. Within the region, China is anticipated to lead in market size and growth rate during the forecast period.

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Market Size of Asia-Pacific Packaging Tapes Industry

Asia-Pacific Packaging Tapes Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.00 %
Market Concentration Low

Major Players

Asia-Pacific Packaging Tapes Market - Market Major Players

*Disclaimer: Major Players sorted in no particular order

Asia-Pacific Packaging Tapes Market Analysis

The Asia-Pacific packaging tapes market is projected to register a CAGR of over 6% during the forecast period.

COVID-19 positively impacted the packaging tape market in Asia-Pacific. Packaging tapes are widely utilized in the e-commerce and food and beverage industries, which significantly grew due to the lockdowns imposed by the governments across the major countries and created a substantial demand for packaging tapes in Asia-Pacific throughout the pandemic.

  • In the short term, the growing adoption of packaging tapes from the e-commerce industry is boosting the market's growth.
  • Rising demand for superior strength, toughness, and break strength of packaging materials is expected to drive the growth of the packaging tapes market in Asia-Pacific.
  • Strict regulations regarding single-use plastics remain a constraint for the growth of the market studied.
  • China is expected to dominate the packaging tapes market in Asia-Pacific and is also likely to witness the highest CAGR during the forecast period.

Asia-Pacific Packaging Tapes Industry Segmentation

Packaging tapes are basically made from pressure-sensitive adhesives coated onto a backing material (polypropylene or polyester). It is used for closing or sealing corrugated fiberboard boxes. The Asia-Pacific packaging tapes market is segmented by material type, adhesive type, end-user industry, and geography. By material type, the market is segmented into plastic and paper. By adhesive type, the market is segmented into acrylic, hot-melt, rubber-based, and others. by end-user industry, the market is segmented into e-commerce, food and beverage, retail, and other end-user industries. The report also covers the size and forecasts for the market in 4 countries across the region. For each segment, the market sizing and forecasts have been done based on revenue in USD million.

By Material Type
Plastic
Paper
By Adhesive Type
Acrylic
Hot Melt
Rubber-based
Other Adhesive Types
By End-user Industry
E-Commerce
Food and Beverage
Retail
Other End-user Industries
By Geography
China
India
Japan
South Korea
Rest of Asia-Pacific
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Asia-Pacific Packaging Tapes Market Size Summary

The Asia-Pacific packaging tapes market is experiencing significant growth, driven by the expanding e-commerce and food and beverage sectors. The COVID-19 pandemic acted as a catalyst, increasing the demand for packaging tapes as these industries thrived during lockdowns. The market is characterized by a strong adoption of packaging tapes in e-commerce due to their transparency, adherence, and durability, which are essential for secure packaging. However, the market faces challenges from strict regulations on single-use plastics. China is poised to lead the market, with expectations of high growth, supported by its robust e-commerce and food sectors.

The demand for packaging tapes is further bolstered by the need for materials with superior strength and toughness, particularly in the e-commerce and retail industries. China, holding a substantial market share, benefits from its large food sector and the world's biggest retail e-commerce market, which continues to expand. The use of packaging tapes in food packaging and online delivery services is also on the rise, contributing to market growth. The Asia-Pacific packaging tapes market is fragmented, with key players like 3M Company, AVERY DENNISON CORPORATION, and Nitto Denko actively participating in the region's development.

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Asia-Pacific Packaging Tapes Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Adoption of Packaging Tapes from the E-commerce Industry

      2. 1.1.2 Rising Demand for Superior Strength, Toughness and Break Strength of Packaging Materials

    2. 1.2 Restraints

      1. 1.2.1 Strict Regulations Regarding Single-use Plastics

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material Type

      1. 2.1.1 Plastic

      2. 2.1.2 Paper

    2. 2.2 By Adhesive Type

      1. 2.2.1 Acrylic

      2. 2.2.2 Hot Melt

      3. 2.2.3 Rubber-based

      4. 2.2.4 Other Adhesive Types

    3. 2.3 By End-user Industry

      1. 2.3.1 E-Commerce

      2. 2.3.2 Food and Beverage

      3. 2.3.3 Retail

      4. 2.3.4 Other End-user Industries

    4. 2.4 By Geography

      1. 2.4.1 China

      2. 2.4.2 India

      3. 2.4.3 Japan

      4. 2.4.4 South Korea

      5. 2.4.5 Rest of Asia-Pacific

Asia-Pacific Packaging Tapes Market Size FAQs

The Asia-Pacific Packaging Tapes Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

3M Company, AVERY DENNISON CORPORATION, Nitto Denko, Intertape Polymer Group, Inc. and CCT Tapes are the major companies operating in the Asia-Pacific Packaging Tapes Market.

Asia-Pacific Packaging Tapes Market Report Snapshots

Asia-Pacific Packaging Tapes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)