Market Size of Asia-Pacific Packaging Tapes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Packaging Tapes Market Analysis
The Asia-Pacific packaging tapes market is projected to register a CAGR of over 6% during the forecast period.
COVID-19 positively impacted the packaging tape market in Asia-Pacific. Packaging tapes are widely utilized in the e-commerce and food and beverage industries, which significantly grew due to the lockdowns imposed by the governments across the major countries and created a substantial demand for packaging tapes in Asia-Pacific throughout the pandemic.
- In the short term, the growing adoption of packaging tapes from the e-commerce industry is boosting the market's growth.
- Rising demand for superior strength, toughness, and break strength of packaging materials is expected to drive the growth of the packaging tapes market in Asia-Pacific.
- Strict regulations regarding single-use plastics remain a constraint for the growth of the market studied.
- China is expected to dominate the packaging tapes market in Asia-Pacific and is also likely to witness the highest CAGR during the forecast period.
