Market Size of Europe Packaging Tapes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| 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?
Europe Packaging Tapes Market Analysis
The European packaging tapes market is anticipated to register a CAGR of greater than 3% during the forecast period. COVID-19 hampered the growth of the packaging tapes market. Packaging tape businesses were developing revolutionary solutions that were environmentally benign, reusable, and biodegradable. But the concerns regarding the hygiene and safety of packaging tapes hindered the industry's transition to a more sustainable and circular supply chain. Currently, the packaging tapes market is recovered from the pandemic and is growing significantly.
- Over the short term, the rapid economic expansion and growing demand for packaging materials with high strength, toughness, and break strength have been projected to fuel the market's growth throughout the forecast period.
- However, changes in environmental conditions are one of the limitations preventing the adoption of the packing tape market, which is expected to hamper the market growth over the forecast period.
- Nevertheless, the use of packaging products in the food and beverage industry is expanding the market prospects. This is likely to create lucrative growth opportunities for the Europe packaging tapes market over the forecast period.
