Packaging Tape Market Size, Share and Analysis By Material (Paper, Plastic, and Aluminum foil), By Type (Pressure Sensitive Tape, Duct Tape, Masking Tape, Filament Tape, and Others), By End-use Industry (Food & Beverages, Electrical & Electronics, Healthcare, Shipping & Logistics, Consumer Goods, and Others), and Regional Forecast, 2024-2032

Packaging tape is an industrial-grade tape intended to close and seal a box for shipment. The increasing demand to protect and secure the shipments is the key factor driving the global packaging tapes market growth. The rapid growth in the e-commerce industry and the increasing penetration of online shopping among millennials are anticipated to aid market growth. Several companies also use packaging tapes for wrapping the product during transport and branding purposes. Moreover, the augmenting demand from the shipping and logistics industry will likely offer profitable growth opportunities. Additionally, the growing usage of packaging tapes in healthcare centers to transport medicines also contributes to the growth of the global packaging tapes market.

• For instance, in September 2022, Tesa declared the launch of a new packaging tape with backing material made from recycled post-consumer PET. The company intends to focus on sustainability during the product launch, including 70% recycled (PCR) PET and a water-based acrylic adhesive system.


• In September 2019, 3M, a global science and innovation company, unveiled its new Scotch High Tack Box Sealing Tape 375+. The new packaging tape offers a secure seal with quicker sticking & adheres better than any packaging tape.

The demand for packaging tapes is rapidly growing owing to their wide usage in automotive, building & construction, shipping and logistics, healthcare, and many other industries. The rising adoption of such tapes for light and heavy-duty applications worldwide also cushions the market growth. Packaging tapes have also emerged as the most efficient solution for indoor & outdoor applications. They are capable of sustaining in outdoor applications, such as construction and logistics industries, thus contributing to the expansion of the market. The packaging tapes market is also expected to witness significant growth as they are highly used for safeguarding dressings, tubing, catheters, and many medical purposes.

The continuous changes in environmental conditions are the key factor that causes hindrance to the market growth of packaging tapes. The packaging tapes' main purpose is to protect the package. However, during the transportation process, extreme climatic changes can cause many problems to the package, thus limiting the overall market growth. Additionally, the volatility in the raw material prices for manufacturing is also anticipated to impede the global packaging tape market growth.

IMPACT OF COVID-19 ON THE PACKAGING TAPES MARKET

COVID-19 had a huge impact on several industries worldwide. Large-scale supply chain disruptions that led to halting production were observed in the early stages of the pandemic. The outbreak of the pandemic has even caused an impact on the market growth of packaging tapes. As no transport was available, the unavailability of the raw materials harmed the global packaging tapes market growth. The unavailability of transportation for the e-commerce sectors also impacted the industry initially. However, the growing demand for healthcare and food & beverages products in the post-pandemic era will boost the market growth.

KEY INSIGHTS

The report will cover the following key insights:

• Recent Advancements in the Packaging Tapes Market


• Key Industry Trends


• Regulatory Landscape for the Packaging Tapes Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

ANALYSIS BY MATERIAL

Based on the material, the market is segmented into paper, plastic, and aluminum foil. Plastic material holds the largest market share of global packaging tapes. Plastic material provides significant features such as cost-effectiveness, moisture resistance, and water-resistant properties, thus making it ideal for manufacturing packaging tapes.

ANALYSIS BY TYPE

Based on the type, the market is segmented into pressure-sensitive, duct, masking, filament, and others. Duct tape is the dominating segment of the global packaging tapes market. Duct tapes offer remarkable adhesion capability and impressive shear & heat resistance, thus making them suitable for diverse applications in households and industries.

ANALYSIS BY END-USE INDUSTRY

Based on the end-use industry, the market is segmented into food & beverages, electrical & electronics, healthcare, shipping & logistics, consumer goods, and others. Shipping and logistics is the largest end-use industry of the global packaging tapes market. The growing shipping and logistics industry owing to the safe and speedy delivery of products, drives the segment growth.

REGIONAL ANALYSIS

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The packaging tapes market has been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the global packaging tapes market, which can be attributed to the rapid growth of the economy, & the increasing e-commerce sector of the region. North America is expected to grow fast due to the rising investments in the retail industry in the region. The presence of key manufacturers and continuous advancements in the products will offer profitable opportunities for the packaging tapes market in the European region. Rising environmental concerns and emerging food and beverages industries will drive the market growth of packaging tapes in the Latin American region. The rising trend of online shopping will cushion the packaging tapes market in the Middle East and Africa.

KEY PLAYERS COVERED

The report will include profiles of key players such as Nitto Denko Corporation, Berry Global Group Inc., Saint Gobain Corporate, 3M, H.B Fuller Company, Avery Dennison Corporation, Bostik SA, Sonoco Products Company, Intertape Polymer Group Inc., Shurtape Technologies, Llc, and PPM Industries SpA, among others.

SEGMENTATION

KEY INDUSTRY DEVELOPMENTS

• In November 2022, Essentra Tapes announced the launch of a paper-based solution targeting the e-commerce industry with a future aim to help the e-commerce sector meet its environmental goals while offering customers more circular, curbside, and recyclable packaging alternatives.


• In July 2022, Essentra Tapes launched SupaStrip PCR. This high-performance tear tape comprises at least 70% post-consumer material for packaging applications across varied sectors, including FMCG, tobacco, electronics, and many others.


• In July 2022, H.B. Fuller Company announced a strategic partnership with Enimac, an international tape application equipment manufacturer. The agreement effectively combines their market and application expertise of pressure-sensitive adhesive tapes to support the growing e-commerce packaging industry.


• In March 2022, a Finnish fiber-based products manufacturer, Ahlstrom-Munksjö, launched MasterTape Pack Green. The product is developed as a sustainable option for plastic pressure-sensitive adhesive packaging tape backings.