Market Size of North America Tapes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Tapes Market Analysis
The packaging tapes market in North America is projected to register a CAGR of over 4% during the forecast period. Packaging tapes are used for securing and sealing products for transportation, sales, or storage. They are widely used in food & beverages, pharmaceuticals, e-commerce, and textile industries. The market was not affected by COVID-19 in 2020. The food, drink, and healthcare industries were considered essential businesses supporting the lockdown and home quarantines. In the forecast period, the market has shown strong demand from food & beverages, pharmaceuticals, and textile industries.
- In the short term, demand from the food, beverage, and e-commerce industries for packaging tapes is expected to drive the market during the forecast period.
- However, government regulations on plastic usage will act as a growth constraint for the packaging tapes market.
- Paper and biodegradable packaging tapes are growing in demand, and sustainable and recyclable packaging tapes will act as an opportunity for future growth.
- The United States will dominate the North American packaging tapes market during the forecast period.
