Market Size of Packaging Tapes Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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 | |||||||
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Packaging Tapes Market Size Summary
The packaging tapes market is poised for significant growth, driven by the resurgence of commercial activities post-COVID-19 and the burgeoning global e-commerce sector. The pandemic initially dampened demand in sectors like luxury and industrial packaging, but it spurred growth in packaging for groceries, healthcare, pharmaceuticals, and e-commerce transportation. As e-commerce continues to expand, with a notable shift from physical stores to online shopping, the demand for packaging tapes is expected to rise. This growth is further supported by the increasing consumption of packaged food and beverages, particularly in the Asia-Pacific region, which is witnessing a surge in online shopping and a growing middle-class population. However, environmental concerns and regulations pose challenges, prompting a shift towards sustainable packaging solutions.
The Asia-Pacific region is anticipated to dominate the packaging tapes market, fueled by its robust e-commerce industry and rising population. China, as the largest e-commerce market globally, along with rapidly growing markets in India and Japan, is expected to drive substantial demand for packaging tapes. The region's expanding food and beverage sector, catering to health-conscious consumers, further bolsters this demand. The market is characterized by a few major players, including Tesa SE, 3M, and Avery Dennison Corporation, who are actively developing sustainable packaging solutions to meet environmental goals. Innovations such as paper-based and post-consumer material-based tapes are indicative of the industry's shift towards sustainability, aligning with the growing emphasis on eco-friendly packaging options.
Packaging Tapes Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rising E-Commerce Industry
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1.1.2 Growing Consumption of Packaged Foods
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1.2 Restraints
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1.2.1 Increasing Environmental Regulations
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market size in value)
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2.1 By Material Type
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2.1.1 Plastic
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2.1.2 Paper
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2.2 By Adhesive Type
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2.2.1 Acrylic
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2.2.2 Hot-Melt
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2.2.3 Rubber-Based
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2.2.4 Other Adhesive Types
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2.3 By End-user Industry
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2.3.1 E-Commerce
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2.3.2 Food and Beverage
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2.3.3 Retail
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2.3.4 Other End-user Industries
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2.4 By Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle East and Africa
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Packaging Tapes Market Size 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.
