North America Packaging Tapes Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 17.51 Billion |
| Market Size (2029) | USD 22.02 Billion |
| CAGR (2024 - 2029) | 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Packaging Tapes Market Analysis
The North America Tapes Market size is estimated at USD 17.51 billion in 2024, and is expected to reach USD 22.02 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
- In the short term, the demand for packaging tapes from the food, beverage, and e-commerce industries, along with the growing demand from the manufacturing and industrial sectors for bundling, sealing, and securing various products during production and distribution, is expected to drive the market during the forecast period.
- However, government regulations on plastic usage will act as a growth constraint for the packaging tapes market.
- Nevertheless, paper and biodegradable packaging tapes are growing in demand, and sustainable and recyclable packaging tapes will act as an opportunity for future growth.
- The United States is expected to dominate the North American packaging tapes market during the forecast period.
North America Packaging Tapes Market Trends
Growing Demand from the Food and Beverage Industry
- The food and beverage industry uses a wide range of packaging tapes depending upon direct and indirect contact with food. FDA-approved food-grade packaging tapes are used in food processing, production, and shipping.
- In North America, the demand for packaged and preserved food is upscaling as consumers across the region aim for fast ways to cook food. This emergence of e-shopping has dramatically fueled the demand for packaged foods in the United States. Moreover, a high preference for fast foods and ready-to-eat meals is further likely to increase the demand for packaging tapes used in the food and beverage industry.
- Primary food and beverage packaging manufacturers operating across the globe follow the American FDA 177.2600 standards. Moreover, multinational players engaged in exporting food products must comply with regulations set by the European Union (V.O.) 1935/2004 or the Chinese GB 4806 and GB 9685. Food and beverage products manufactured for global consumption must have preferred packaging approved by the Hygienic Design Standards of the EHEDG (European Hygienic Engineering and Design Group).
- According to the US Census Bureau, the annual sales of retail food and beverage stores in the United States amounted to USD 985.3 billion in 2023 and registered growth when compared to USD 961.5 billion in 2022.
- Similarly, according to Farm Credit Canada (agricultural term lender), the food and beverage sales figures for the initial half of 2023 remained stable, indicating an 8.4% growth in food manufacturing and a 7.3% increase in beverage manufacturing when compared to the corresponding period in 2022.
- At the turn of 2023, Mexico's agri-food merchandise trade balance recorded a surplus of USD 955 million, as reported by SADER (The Secretariat of Agriculture and Rural Development). From January to February 2023, the volume of agricultural and agri-industrial exports reached USD 8.3 billion, increasing by 5.16% Y-o-Y. By July 2023, the volume reached USD 31.4 billion.
- Overall, the growing food and beverage market in North America is expected to drive the packaging tapes market during the forecast period.
United States to Dominate the Market
- The United States packaging tapes industry has been experiencing a positive demand across various industries such as food, retail, consumer goods, and pharmaceuticals.
- Tamper-proof and personalized company-logo packaging tapes are in high demand. Pharmaceutical, e-commerce, and textile companies are increasingly using tamper-proof packaging, which helps reduce counterfeit goods and ensure the authenticity of the products.
- In 2023, the United States retail food and beverage sales totaled nearly USD 985 billion a year, a steady increase from the previous year and more than double the amount of two decades ago.
- According to data by NCTO (National Council of Textile Organization), the country's textile and apparel shipments accounted for USD 64.8 billion in 2023. The United States leads the world in textile R&D. The country's textile complex creates next-generation textile materials like conductive fabric, antistatic textiles, electronic textiles that monitor heart rate and vital signs, antimicrobial fibers, and life-saving body armor.
- The exorbitant growth of e-commerce platforms that support sales and distribution of different types of products manufactured by the textile industry has primarily propelled the demand for textile-related products, thereby augmenting the market's growth.
- Furthermore, packaging tapes are integral to the retail industry, serving to protect products during transit, seal and secure cartons, enhance branding through printed messages, aid in inventory management, provide security measures with tamper-evident options, facilitate online retail packaging, and contribute to point-of-sale displays.
- For instance, according to the US Census Bureau, the total retail sales in the United States were valued at USD 7,242.56 in 2023 and registered growth when compared to USD 7,095.03 billion in 2022.
- Due to all such factors, the market for packaging tapes in the region is expected to register steady growth during the forecast period.
North America Packaging Tapes Industry Overview
The packaging tapes market in North America is fragmented in nature. Some of the major players in the market include (not in any particular order) Intertape Polymer Group Inc., 3M Company, Berry Global Inc., Avery Dennison Corporation, Nitto Denko, Mactac LLC, and CCT Tapes.
North America Packaging Tapes Market Leaders
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Avery Dennison Corporation
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Berry Global Inc.
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3M
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IPG
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Nitto Denko Corporation
*Disclaimer: Major Players sorted in no particular order
North America Packaging Tapes Market News
- The recent developments pertaining to the major players in the market are being covered in the complete study.
North America Packaging Tapes Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Demand from food, beverage, and e-commerce industries
- 4.1.2 Other Drivers
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4.2 Restraints
- 4.2.1 Government Regulations on Plastic Usage
- 4.2.2 Other Restraints
- 4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Material Type
- 5.1.1 Plastic
- 5.1.2 Paper
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5.2 Adhesive Type
- 5.2.1 Acrylic
- 5.2.2 Hot Melt
- 5.2.3 Ruber-Based
- 5.2.4 Other Adhesive Types
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5.3 End-User Industry
- 5.3.1 E-Commerce
- 5.3.2 Food and Beverage Industry
- 5.3.3 Retail Industry
- 5.3.4 Other End-User Industries
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5.4 Geography
- 5.4.1 United States
- 5.4.2 Canada
- 5.4.3 Mexico
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 3M Company
- 6.4.2 Avery Dennison Corporation
- 6.4.3 Berry Global Inc.
- 6.4.4 CCT Tapes
- 6.4.5 Intertape Polymer Group
- 6.4.6 Mactac, LLC
- 6.4.7 Nitto Denko
- 6.4.8 *List not Exhaustive
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Demand for Paper and Biodegradable Pakcaging Types
North America Packaging Tapes Industry Segmentation
Packaging tape is a pressure-sensitive tape used to seal and close boxes, packages, and other containers. It is typically made of a thin plastic film with an adhesive coating on one side. Packaging tape is used to keep items secure during shipping and storage and to label and identify packages.
The packaging tapes market is segmented by material, adhesive, 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 other adhesive types (synthetic rubber adhesive, pressure-sensitive adhesive, and others). The end-user industry is segmented into e-commerce, food and beverage, retail, and other end-user industries (cosmetics, textiles, pharmaceuticals). The report also covers the market size and forecasts for three countries across the regions. For each segment, the market sizing and forecasts were made on the basis of value (USD).
| Material Type | Plastic |
| Paper | |
| Adhesive Type | Acrylic |
| Hot Melt | |
| Ruber-Based | |
| Other Adhesive Types | |
| End-User Industry | E-Commerce |
| Food and Beverage Industry | |
| Retail Industry | |
| Other End-User Industries | |
| Geography | United States |
| Canada | |
| Mexico |
North America Packaging Tapes Market Research FAQs
How big is the North America Packaging Tapes Market?
The North America Packaging Tapes Market size is expected to reach USD 17.51 billion in 2024 and grow at a CAGR of greater than 5% to reach USD 22.02 billion by 2029.
What is the current North America Packaging Tapes Market size?
In 2024, the North America Packaging Tapes Market size is expected to reach USD 17.51 billion.
Who are the key players in North America Packaging Tapes Market?
Avery Dennison Corporation, Berry Global Inc., 3M, IPG and Nitto Denko Corporation are the major companies operating in the North America Packaging Tapes Market.
What years does this North America Packaging Tapes Market cover, and what was the market size in 2023?
In 2023, the North America Packaging Tapes Market size was estimated at USD 16.63 billion. The report covers the North America Packaging Tapes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Packaging Tapes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Packaging Tapes Industry Report
Statistics for the 2024 North America Tapes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Tapes analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
