Sealing Strapping Packaging Tapes Market Size

Sealing Strapping Packaging Tapes Market Analysis

The sealing-strapping-packaging-tapes market is expected to grow at a CAGR of 9% over the forecast period (2021-2026). These tapes are used for sealing, closing of corrugated fiberboard boxes, reinforcing of packages, bundling items, pallet unitizing, etc.

• The e-commerce industry, wherein more and more consumer goods are being transported in single parcel shipments, the safety of such packages becomes an essential concern for the players. These tapes, therefore, provide a perfect solution to such players ensuring good sealability and closure of the packages. This is expected to boost the adoption of market growth over the forecast period.
• For instance, during the 2019 edition of the Singles' Day Bonanza, Alibaba logged more than 268 billion yuan (USD 38.3 billion) of purchases, in which it shipped an estimated billion packages in a single day.
• Some of the prominent players in the market, therefore, to cater to the future demand are increasingly conducting research and development activities that enable them to come up with product development.
• In September 2019, 3M announced the availability of Scotch High Tack Box Sealing Tape 375+, an industrial packaging tape used for box sealing, splicing, recuperate, and other packaging applications.
• The growing foodservice industry is increasingly deploying tamper-evident sealing tapes, which enables the food distributors to provide enhanced safety during delivery. For instance, in December 2018, Zomato introduced tamper-proof tapes to ensure protection against any chances of tampering with food.