Packaging Tape Global Market Projected To Grow Radiantly By 2032

Pune, India, January 30, 2018/MRFR Press Release/- Market Research Future published a Half Cooked research report on “Global Packaging Tape Market Research Report - Forecast to 2032” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2032.

3M, H.B. Fuller Company, Avery Dennison Corporation, Henkel AG & Co. KGaA, Nitto Denko Corporation, Advance Tapes International, Adhesives Research Inc., Bostik SA, Dow Corning Corporation, Evans Adhesive Corporation, Ltd., Franklin International, Intertape Polymer Group and Lord Corporation are some of the prominent players at the forefront of competition in the global packaging tape market and are profiled in MRFR Analysis. 

Global Packaging Tape Market   - Overview

Packaging tapes are used in various applications. Growing demand from packaging industry is the primary driving factor of the packaging tape market. The growing e-commerce and organized retail sector along with multiple usages of packaging tapes across various industries are the key drivers of packaging tapes market. The growth of e-commerce and food & beverage markets particularly in the Asian regions of China and India induces the demand for packaging tapes. This is backed by the increasing purchasing power and investments in the packaging industries.

Packaging tape manufacturers are witnessed investing in the advanced technology. The new age packaging tape offers transparency, high aging resistance, and good adhesion. The pressure-sensitive adhesives tapes provide easy labelling at low temperatures, and ultra-violet acrylate adhesives enable high aging resistance. Furthermore, the market is observing the demand for printed packaging tapes because of the growing need to differentiate products for brand identification.

Various designs and materials are available in the packaging tapes market. Industries such as food and beverages, retail packaging, e-commerce, and automobile have been using packaging tapes across various end-use. The automotive industry has also seen the demand for good quality tapes such as filament tapes. These tapes are widely accepted in various industries such as food and beverages, and automotive, etc. Besides the growth in the packaging printing industry, there is also seen rising demand for product differentiation, and technological advancements which has fuelled the demand for packaging tapes.

Global Packaging Tape Market   - Competitive Analysis

Characterized by the presence of several well-established along with medium and small players, the global market of Packaging tape appears to be highly competitive and fragmented. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing.  The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. In order to maintain the position and share in the market, major players have adopted certain strategies.

In June 2017, Avery Dennison Corporation today announced it has completed the acquisition of Yongle Tape Company Ltd., a manufacturer of specialty tapes and related products in a variety of industrial markets, from its management and private equity firm ShawKwei & Partners. Yongle Tape would operate within Avery Dennison’s Industrial and Healthcare Materials business group, working in close collaboration with the company’s global Performance Tapes and Fastener Solutions businesses.

In July 2017, Henkel closes acquisitions of Darex Packaging Technologies and Sonderhoff Group. With the successful closing of the acquisitions of the global Darex Packaging Technologies business and the Sonderhoff Group, Henkel strengthens its Adhesive Technologies business and complements its technology portfolio. Darex is based in Cambridge, MA, USA and supplies high-performance sealants and coatings for the metal packaging industry around the world. It serves various global customers producing beverage, food or aerosol cans.

In September 2017, Bostik, a leading global adhesive specialist for industrial, construction and consumer markets, will present and exhibit at PACK EXPO in Las Vegas, NV September 25-27. As North America’s premier packaging event, PACK EXPO connects packaging engineers, designers, purchasers, plant managers and more, featuring product demos and educational sessions in addition to its exhibit hall. At the show, Bostik’s Innovation Stage presentation would feature Kizen, its latest innovative solution for end of line packaging, including case and carton sealing and tray erecting. Bostik will detail how this product offers improved performance, operational efficiencies and cost savings over existing EVA and metallocene options.

Global Packaging Tape Market   - Segments:

Global Packaging Tape Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.

Segmentation By Product Type     : Comprises – Filament tapes, Double-sided tapes, Parcel tapes, Light-duty packaging tapes, and others

Segmentation By Backing Material            :  Comprises - Acrylic, Hot Melt, and others

Segmentation By Application         :  Comprises – Food & Beverages, Chemicals, Consumer Goods, and others

Segmentation By Regions               : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Global Packaging Tape Market   -

Regional Analysis:

The Asia-Pacific region dominated the global packaging tape market in 2016. It is also expected to be the fastest growing region for the packaging tape. Increase in industrialization, rising urbanized population, and growth in spending capacity are the factors driving the growth of the market in Asia-Pacific region. China is one of the leading markets in the Asia-Pacific region. Growth in retail sector is expected to fuel the demand of such tapes. Moreover, the country has witnessed increased investment in the technology which has resulted in various products across the tape line.

North America has also witnessed steady growth in the market in last many years. The market is expected to show similar growth in coming time. This along with concentration of many companies in the packaging tape industry has led to the growth of the market.

Access Report Details @ Packaging Tape Market Size