Sealing & Strapping Packaging Tapes Market was valued US$ 22.07 Bn in 2021 and is expected to reach US$ 30.20 Bn by 2029, at a CAGR of 4.0% during a forecast period.
Sealing & Strapping Packaging Tapes Market Overview :
The market overview of the Sealing & Strapping Packaging Tapes Market industry focuses on the detailed dynamics of the market, including aspects such as industry rivalry. The report provides comprehensive market revenue forecasts at the global, regional, segment, and national levels.
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Sealing & Strapping Packaging Tapes Market Report Scope and Research Methodology :
The research methodology employed in the report on the Sealing & Strapping Packaging Tapes market incorporates both primary and secondary research methods. Primary research involves data collection directly from the market via surveys, interviews, and observations. In contrast, secondary research entails gathering data from published sources, such as industry reports, company websites, and news articles.
The analysis provided in the report serves as a guide for stakeholders, investors, market players, and followers, as well as new entrants, by providing them with an overall view of the Sealing & Strapping Packaging Tapes market for formulating investment approaches and marketing tactics. The report utilizes a bottom-up approach to estimate the size of the Sealing & Strapping Packaging Tapes market, which involves aggregating data from individual segments to arrive at a total market size estimate.
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Sealing & Strapping Packaging Tapes Market Regional Insights :
The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one.
Segmentation :
The paper analyses how COVID-19 lock-down will affect market leaders’, followers’, and disruptors’ revenue. Since lock down was executed differently in many locations and nations, its effects vary by regions and market categories. The report’s discussion of the market’s immediate and long-term effects will aid in the preparation of an outline for short- and long-term business strategies by region by decision-makers.
Over the forecast period, increasing demand for items used in carton sealing, strapping, and building will propel the sealing & strapping packaging tapes market revenues. However, the expansion of the sealing & strapping packaging tapes market may be significantly hampered by the high cost of raw materials and strict restrictions for restructuring the adhesive-based packaging tapes market. The market for sealing and strapping packaging tapes is categorised by material, and the polypropylene segment is anticipated to hold the greatest share of the market.
This segment’s supremacy is due to its qualities, including excellent abrasion resistance, impact resistance, water resistance, and high flexibility. These characteristics have caused polypropylene, which is used to make sealing and strapping packaging tapes, to gain popularity. Because of a number of characteristics, including flexibility, transparency, low weight, and an excellent barrier to oxygen and water, the paper section is predicted to be the second-largest segment.
Key Players :
• Avery Dennison Corporation (US)
• 3M Company (US)
• Nitto Denko Corporation (Japan)
• Intertape Polymer Group (Canada)
• Tesa SE (Germany)
• Scapa Group plc (UK)
• Shurtapes Technologies
• Nichiban (Japan)
• Mactac (US)
• Wuhan HuaxiaNanfeng Adhesive Tapes (China)
• Berry Plastics Corporation
• Advanced Tapes International
• CCT Tapes
• Ajit Industries
• Stick Tapes Private Limited
• Can-Do National Tape
• Euro Tapes Private Limited
• UltraTape
• U Pack
• RAJAPACK Ltd.
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Key questions answered in the Sealing & Strapping Packaging Tapes Market are:
- What is Sealing & Strapping Packaging Tapes?
- What are the factors driving the Sealing & Strapping Packaging Tapes Market growth?
- What are the factors are limiting the Sealing & Strapping Packaging Tapes Market growth?
- What was the Sealing & Strapping Packaging Tapes market size in 2021?
- Which trends are expected to generate additional revenue for the Sealing & Strapping Packaging Tapes market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Sealing & Strapping Packaging Tapes Market?
- What growth strategies are the players considering to increase their foothold in the Sealing & Strapping Packaging Tapes Market?
- Who held the largest market share in the Sealing & Strapping Packaging Tapes Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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