Packaging Tapes Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Packaging Tapes Market Analysis
The global packaging tapes market is estimated to register a CAGR of over 6% during the forecast period.
The COVID-19 pandemic had a mixed impact on the entire packaging industry. Although demand for luxury, industrial, fashion, and B2B-transport packaging dipped during the pandemic, there was considerable growth in the packaging demand for items like groceries, healthcare and pharmaceutical products, and e-commerce transportation. With commercial activity slowly resuming back to the pre-COVID-19 levels, the demand for packaging tapes is expected to rise further.
The rising global e-commerce business is expected to be a crucial driving factor behind the rising demand for packaging tapes. Considerable growth in the packaged food & beverages segment in the aftermath of COVID-19 is also expected to create additional demand. However, the rising speculation regarding the environmental effects of packaging tapes and the rising environmental regulations are expected to hinder the growth of the market. Increasing research and development of sustainable packaging tapes is expected to serve as a potential opportunity to tap into in the future. The Asia-Pacific region is expected to dominate the global demand for packaging tapes, owing to its rising population and booming e-commerce industry.
Packaging Tapes Market Trends
This section covers the major market trends shaping the Packaging Tapes Market according to our research experts:
Booming E-Commerce Industry
- According to the State of Commerce report, it is observed that around 56% of consumers globally are spending less time in physical stores and more time online for their shopping needs.
- E-commerce provides a platform not only for the big players but also the small and medium-scale industries to reach out to their targetted consumers more effectively while also helping to save up on expenses associated with a physical store like real estate mortgage, in-store labor cost, and other expenses.
- The global e-commerce industry is currently estimated to be valued at around USD 5.5 trillion. It is expected to grow with a CAGR of over 10% by the next three years.
- The global user penetration is expected to rise from 50.9% to 64.5% during the forecast period, indicating the rising population of online shoppers.
- The ease of buying and returning and the option to choose from a wide variety of products to suit their best interests are some of the major factors pushing the shift from store shopping to online shopping.
- Thus, with the rise in the e-commerce industry, the demand for packaging tape is expected to grow during the forecast period.
Asia-Pacific Region Set to Lead Globally
- Asia-Pacific has a major share in the global e-commerce industry, with China being the world's largest e-commerce market. Out of the total retail industry in China, currently, e-commerce has a share of 52%.
- Currently, the Chinese e-commerce market is estimated to be valued at around USD 1,761 billion and is expected to grow further with a CAGR of over 9% in the next five years.
- The growing population and the increasing favoritism for online shopping are expected to be the growth engines for the e-commerce market. User penetration is expected to witness a rise from 57.1% to 70.4% during the forecast period.
- On the other hand, the Indian e-commerce industry is also expected to grow exponentially owing to the increasing online shopping demand and a growing population. Currently, the annual online sales amount to USD 67.5 billion. Similarly, being a developed nation with an urban population and nationwide internet access, the Japanese e-commerce industry is expected to reach USD 43.4 billion over the next two years.
- Similarly, there is a growing consumption of packaged food and beverages in the region. This can be attributed to the growing middle-class population and people's choices to eat healthy, varied kinds of foods and beverages, among others. With the F&B industry catering to these needs with multiple offerings, the demand for packaging tapes is expected to grow in conjunction with the food & beverage packaging industry.
- The growing demand for packaging tapes in the e-commerce and food & beverage industry is expected to help the Asia-Pacific packaging tapes market.
Packaging Tapes Industry Overview
The packaging tapes market is consolidated in nature with a few major players being Tesa SE - A Beiersdorf Company, PPM Industries SpA, Bemis Associates Inc., 3M, Avery Dennison Corporation, Berry Global Inc., Nitto Denko, and others.
Packaging Tapes Market Leaders
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Tesa SE - A Beiersdorf Company
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3M
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Avery Dennison Corporation
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Berry Global Inc.
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Nitto Denko
*Disclaimer: Major Players sorted in no particular order
Packaging Tapes Market News
- November 2022: Essentra Tapes announced the launch of a paper-based solution targetting the e-commerce industry in a move to help the e-commerce sector meet its environmental goals while providing customers with more circular curbside recyclable packaging options.
- July 2022: Essentra Tapes launched SupaStrip PCR, a high-performance tear tape containing at least 70% post-consumer material for packaging applications across varied sectors, from tobacco to FMCG to electronics. This move is a part of its vision for the development of sustainable packaging solutions.
- March 2022: Ahlstrom-Munksjö, a Finnish fiber-based products manufacturer, launched MasterTape Pack Green. The product is designed to serve as a sustainable alternative for plastic pressure-sensitive adhesive packaging tape backings.
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
-
4.1 Drivers
- 4.1.1 Rising E-Commerce Industry
- 4.1.2 Growing Consumption of Packaged Foods
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4.2 Restraints
- 4.2.1 Increasing Environmental Regulations
- 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 Buyers
- 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 (Market size in value)
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5.1 By Material Type
- 5.1.1 Plastic
- 5.1.2 Paper
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5.2 By Adhesive Type
- 5.2.1 Acrylic
- 5.2.2 Hot-Melt
- 5.2.3 Rubber-Based
- 5.2.4 Other Adhesive Types
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5.3 By End-user Industry
- 5.3.1 E-Commerce
- 5.3.2 Food and Beverage
- 5.3.3 Retail
- 5.3.4 Other End-user Industries
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5.4 By Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 Italy
- 5.4.3.4 France
- 5.4.3.5 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and 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 Bemis Associates Inc.
- 6.4.4 Berry Global Inc.
- 6.4.5 CCT Tapes
- 6.4.6 Essentra Plc.
- 6.4.7 Intertape Polymer Group Inc
- 6.4.8 Mactac LLC
- 6.4.9 Nitto Denko
- 6.4.10 Packman Packaging Private Limited
- 6.4.11 Parson Adhesives Inc.
- 6.4.12 PPM Industries SpA
- 6.4.13 Scapa
- 6.4.14 Tesa SE - A Beiersdorf Company
- 6.4.15 Worthen Industries
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Research and Development of Sustainable Packaging Tapes
Packaging Tapes Industry Segmentation
Packaging tape is a form of adhesive tape that is widely used in the preparation of items for handling, storage, or shipping purposes. Packaging tapes are used in the temporary sealing, wrapping, enclosing, and bundling of items like boxes, bottles, and other types of isolating storage units. This helps to maintain a tolerance that keeps cargo within the restraint of its receptacle. The packaging tape 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 other adhesive types. By end-user industry, the market is segmented into e-commerce, food & beverage, retail, and other end-user Industries. By geography, the market is segmented into Asia-Pacific, North America, Europe, South America, and Middle East and Africa. The report also covers the market size and forecasts for the packaging tapes market in 15 countries across major regions. For each market segment, the market sizing and forecasts have been provided on the basis of value (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 | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| By Geography | Middle East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle East and Africa |
Packaging Tapes Market Research FAQs
What is the current Packaging Tapes Market size?
The Packaging Tapes Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Packaging Tapes Market?
Tesa SE - A Beiersdorf Company, 3M, Avery Dennison Corporation, Berry Global Inc. and Nitto Denko are the major companies operating in the Packaging Tapes Market.
Which is the fastest growing region in Packaging Tapes Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Packaging Tapes Market?
In 2024, the Asia-Pacific accounts for the largest market share in Packaging Tapes Market.
What years does this Packaging Tapes Market cover?
The report covers the Packaging Tapes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Packaging Tapes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Packaging Tapes Industry Report
Statistics for the 2024 Packaging Tapes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Packaging 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.
