Dublin, Feb. 26, 2019 (GLOBE NEWSWIRE) -- The "Sealing & Strapping Packaging Tapes Market by Material (PP, Paper, PVC), type of adhesive (Acrylic, Rubber-based, and Silicone), Applications (Carton sealing and Strapping & bundling), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The market size is estimated at USD 17.37 billion in 2018 and is projected to reach USD 22.07 billion by 2023, at a CAGR of 4.89% between 2018 and 2023.
Sealing & strapping packaging tapes are continuous flexible strips of paper, plastic, cloth, metal, or foam that are coated on a single or both sides with an adhesive. Sealing tapes can adhere to a variety of substrates by applying light pressure at room temperature. On the other hand, strapping does not require any adhesive and is majorly used in bundling and pelletizing. The major raw materials used to manufacture these packaging tapes are acrylic, rubber, silicone, and other resins such as polyurethanes, poly-isobutanes hybrid, nitriles, and hydrophilic adhesive along with substrates such as PVC, paper, PP, fabric, metal, and foam.
The sealing & strapping packaging tapes market has been witnessing high growth. The Asia Pacific region accounted for the major share of 55.3%, in terms of value, in the overall sealing & strapping packaging tapes market owing to the growing application in the packaging industry for bundling, pelletizing, carton sealing, laminating, and general packaging. Many research institutions and manufacturers are taking initiatives and investing heavily in technological developments of sealing & strapping packaging tapes to improve the properties and enhance their use in various applications.
The sealing & strapping packaging tapes market is dominated by large players, such as 3M Company (US), Avery Dennison (US), Intertape Polymer Group (Canada), Nitto Denko Corporation (Japan), Shurtape Technologies LLC (US), and Tesa SE (Germany).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Developing Economies to Register High Growth in Demand for Sealing & Strapping Packaging Tapes
4.2 Sealing & Strapping Packaging Tapes Market, By Material
4.3 Sealing & Strapping Packaging Tapes Market, By Type of Adhesive
4.4 Sealing & Strapping Packaging Tapes Market, By Application
4.5 Asia Pacific Sealing & Strapping Packaging Tapes Market, By Application and Country
4.6 Sealing & Strapping Packaging Tapes Market: Key Countries
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Wide Range of Applications in the Packaging Industry
5.2.1.2 Increasing Demand From the Asia Pacific Region
5.2.1.3 Wide Acceptance of Packaging Tapes Due to Ease of Applicability
5.2.2 Restraints
5.2.2.1 Rise in Raw Material Prices
5.2.3 Opportunities
5.2.3.1 Emerging Economies in the Asia Pacific Region
5.2.4 Challenges
5.2.4.1 Stringent Government Regulations Reshaping the Packaging Tapes Market
6 Sealing & Strapping Tapes Market, By Material
6.1 Introduction
6.2 Paper
6.3 Polypropylene
6.4 Polyvinyl Chloride
6.5 Others
7 Sealing & Strapping Packaging Tapes Market, By Type of Adhesive
7.1 Introduction
7.2 Acrylic
7.3 Rubber
7.4 Silicone
7.5 Others
8 Sealing & Strapping Packaging Tapes Market, By Application
8.1 Introduction
8.2 Carton Sealing
8.3 Strapping & Bundling
9 Sealing & Strapping Packaging Tapes Market, By Region
10 Competitive Landscape
10.1 Overview
10.2 Competitive Leadership Mapping, 2017
10.2.1 Visionary Leaders
10.2.2 Innovators
10.2.3 Dynamic Differentiator
10.2.4 Emerging Companies
10.3 Source
10.4 Market Ranking
11 Company Profiles
11.1 Avery Dennison Corporation
11.2 3M Company
11.3 Nitto Denko Corporation.
11.4 Intertape Polymer Group
11.5 Tesa SE
11.6 Scapa Group PLC
11.7 Shurtapes Technologies
11.8 Nichiban
11.9 Mactac
11.10 Wuhan Huaxia Nanfeng Adhesive Tapes
11.11 Other Companies
11.11.1 Ajit Industries
11.11.2 Advanced Tapes International
11.11.3 Canadian Technical Tape Ltd.
11.11.4 Industrias Tuk, S.A. De C.V.
11.11.5 Berry Plastics Corporation.
11.11.6 Adchem Corporation
11.11.7 CCT Tapes
11.11.8 Dewal Industries
11.11.9 Adhesive Research, Inc.
11.11.10 Gergonne - the Adhesive Solution
For more information about this report visit https://www.researchandmarkets.com/research/7mqmqn/global_sealing?w=12
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