Global Sealing and Strapping Packaging Industry was valued at USD 17.5 Billion in the year 2018. Global Sealing and Strapping Packaging Industry is further estimated to grow at a CAGR of 5% from 2019 to reach USD 24.36 Billion by the year 2025. The rising interest for container fixing tapes in the packaging business, because of its wide scope of uses including container fixing, packaging, unitizing, pelletizing, and general packaging is anticipated to drive the interest for fixing and sealing & strapping packaging. Moreover, these tapes are affordable options in contrast to plastic and metal fixing and strapping tapes, which is additionally anticipated to help its industry development.
Global Sealing and Strapping Packaging Industry Share and Size by 2025 (USD Billion)
Strapping tapes industry is relied upon to develop at a solid CAGR over the estimate time frame basically determined by the development in automotive and electrical segment. Furthermore, the developing use of strapping tapes in games supplies further fills the development in the strapping tapes industry. The highlights, for example, comfort to utilize, multi usefulness, impervious to tears, simple removability without imprints and so on drives the interest in the strapping tapes advertise. Besides, these tapes are an efficient option in contrast to plastic and metal lashing, which may pull in the clients of other type of strapping and can result in an extended client base and consequently can additionally drive the development in the strapping tapes advertise. Despite the fact that these tapes are exceptionally compelling for overwhelming bundling reason, in any case, they are considered as one of the costliest tapes which can be a controlling component in the development of the strapping tapes industry. Further, the ongoing innovative progressions in assembling and expanded challenge from interchange tapes can go about as obstructions in the strapping tapes industry.
Major industry players in Sealing and Strapping Packaging Industry are Avery Dennison Corporation, Global Packaging Inc., 3M Company, Can-Do National Tape, Nitto Denko Corporation, Shurtape Technologies LLC, Intertape Polymer Group, TART, Tesa SE, Scapa Group plc, Shrutapes, Müroll GmbH, Nichiban, Mactac, Rapid Packaging Systems Ltd., and Wuhan Huaxia Nanfeng Adhesive Tapes.
Sealing and Strapping Packaging Industry Segmentation:
Sealing and Strapping Packaging Industry Overview, Adhesive Type
Modified synthetic rubber
Sealing and Strapping Packaging Industry Overview, By End-User
Food & Beverages
Oil & gas
Others (Toys, Metal working etc.)
Sealing and Strapping Packaging Industry Overview, By Application
Strapping & Bundling
Sealing and Strapping Packaging Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa