Packaging Tapes Market Size, Share Global Analysis Report, 2024 – 2032

Industry Insights

[207+ Pages Report] According to Facts & Factors, the global packaging tapes market size was valued at USD 76.99 billion in 2023 and is predicted to surpass USD 131.18 billion by the end of 2032. The packaging tapes industry is expected to grow by a CAGR of 6.10% between 2024 and 2032.

Market Overview

Packaging tapes are a kind of adhesive tape used in securing packages for transportation, storage, and handling. These packaging tapes help in handling and sealing the items, which helps protect the packages throughout the supply chain journey. There are different kinds of tapes available in the market, such as water-resistant tapes, filament tapes, pressure-sensitive tapes, and many others.

Moreover, these tapes can be made with different materials like filament paper, polyvinyl chloride, polypropylene, and many others, according to the needs of the end users. These tapes offer strong adhesion with tear-resistance and customization properties, which make them an essential packaging tool.

Key Insights

• As per the analysis shared by our research analyst, the global packaging tapes market size is estimated to grow annually at a CAGR of around 6.10% over the forecast period (2024-2032).
• In terms of revenue, the global packaging tapes market size was valued at around USD 76.99 billion in 2023 and is projected to reach USD 131.18 billion by 2032.
• Rapid e-commerce expansion is driving the growth of the global packaging tapes market.
• Based on the end-users, the shipping & logistics segment is growing at a high rate and is projected to dominate the global market.
• Based on the tape type, the duct tape segment is projected to swipe the largest market share.
• Based on materials, the plastic segment is expected to dominate the global market.
• Based on region, North America is expected to dominate the global market during the forecast period.

Growth Drivers

• Rapid e-commerce expansion is driving the growth of the global market.

The boom of e-commerce all across the globe is one of the major factors for the high growth rate of the global packaging tapes market. The growing adoption of mobile technology and high-speed internet connection are further supporting the growth of the industry. The packaging tapes help in securing the parcels during shipping delivery activities, and therefore, these are essential in the packaging process.

Also, fast-growing industries like automotive, electronics, manufacturing, and construction are contributing further to the high demand for packaging tapes in the market. Also, the globalization of trade is further expected to revolutionize the market in the coming years. Tapes are highly used in export-import packaging activities and shipment processes. Packaging tapes are vital to secure goods for the safe delivery of items worldwide.

Additionally, the regulatory requirements of packaging and labeling further encourage vendors to use packaging tapes to ensure the integrity of the products. Manufacturers are investing heavily in packaging tapes to align with the regulatory requirements for strength, admission ability and safety. Economic growth all around the globe is also widening the scope of the industry. Infrastructure development and urbanization are other major factors stimulating the demand for packaged goods, thereby increasing the sales of packaging tips in the market.

Restraints

• Environmental concerns are expected to hamper the growth of the global market.

There is rising awareness among people regarding environmental issues and increasing pollution. Therefore, these concerns are likely to limit the growth of the packaging tapes industry in the forthcoming years. There is growing pressure on lowering the use of plastic in many industries. Packaging tapes are largely manufactured from non-biodegradable materials and therefore people to lower the usage of plastic packaging tips.

Opportunities

• Branding and customization are expected to foster growth opportunities in the global market.

Packaging tapes offer the opportunity for branding, and therefore, users are adopting these steps for product differentiation and marketing strategies. Furthermore, these tapes can be customized according to the needs and requirements of end users. Branded tapes can easily incorporate branding elements, logos, and other promotional messages to increase brand visibility and recognition all across the globe.

These additional features offered by these steps are driving demand for specialty tapes in the global packaging tapes market. For instance, Essentra Tapes came up with a paper-based solution in 2022. The company is planning to focus on the e-commerce sector to help businesses align with the environmental sustainability goals.

Challenges

• Competition from alternative packaging solutions is a big challenge in the global market.

The packaging industry is coming up with more innovative and eco-friendly alternatives to packaging tapes, which is a big challenge in the packaging tapes industry. Alternative solutions like shrink crap adhesive levels, stretch films, and other strapping materials are expected to replace the packaging solutions.

Segmentation Analysis

The global packaging tapes market can be segmented into tape type, materials, end-users, and region.

By Tape Type Insights

On the basis of tape type, the market can be segmented into filament tape, duct tape, masking tape, pressure-sensitive tape, and other packaging tape. The duct tape segment is likely to dominate the packaging tape industry in the coming years. Duct tapes are also known for their versatility in diverse applications. For example, it can be used for repairing, sealing, bundling, and packaging. Therefore, this versatility makes it ideal for different purposes across diverse end-user sectors.

Moreover, these steps offer excellent strength and durability. These are tearing resistance, tensile strength, and many more, which help secure bulky packages. This is largely because they are made of strong cloth or scrim backing with strong adhesives.

Moreover, these tapes stick well to surfaces like metal, plastic, wood and fabric, which further increases their demand in the market. The strong adhesive helps keep the parcel intact, even on irregular or uneven surfaces, therefore contributing to its dominance in the market.

By Materials Insights

On the basis of materials, the market can be segmented into metal foil, plastic, paper, and others. Plastic is the fastest-growing segment in the global packaging tapes market. Plastic tapes offer high versatility and can cater to diverse packaging requirements across different end-user sectors. Plastic material can be manufactured in different formats, such as filament tapes, precious sensitive tapes, and others.

Moreover, one of the major factors accentuating its demand in the market is the fact that they are moisture-resistant. Plastic tapes are ideal for packaging applications where there is high exposure to water or humidity. Plastic packaging tapes can be customized easily concerning color, printing, or branding. This scope of customization attracts customers with different requirements regarding identification and branding in packaging applications.

By End-Users Insights

On the basis of end-users, the market can be segmented into shipping & logistics, defense, aerospace, healthcare, building & construction, electric & electronics, automotive, and others. The shipping & logistics segment accounts for the largest share of the packaging tapes industry.

The rise of e-commerce has significantly led to an increase in shopping activities, which poses a huge demand for packaging essentials like tapes and others for sealing and securing packages. Therefore, the shipping and logistics industry is the largest consumer of packaging tapes. Logistics vendors, courier services, and shipping companies are also posing huge demand for packaging tapes to pack and seal the boxes for shipments.

Packaging tapes are important to keep the packages intact throughout the transportation. These tapes protect the parcel against unauthorized access during transit. These tapes improve the security of the parcel and lower the risk of tampering. Printed packaging tapes offer a high scope for branding elements like logos and others, which is highly beneficial for logistics companies, and therefore, they are in demand in the sector. These steps promote brand recognition, brand visibility, and other marketing strategies, which are anticipated to increase the sales of the product.

Report Scope

Regional Analysis

• North America to dominate the global market

North America accounts for the largest share of the global packaging tapes market. The region is likely to witness steady demand for packaging tapes due to various factors like growing industrial activities, a rise in e-commerce shopping, and many others. The e-commerce boom is one of the major factors accentuating the growth of the regional market in the coming years. Packaging tapes are widely used in packing boxes or parcels for logistic shipping and delivery purposes.

The region is witnessing a huge demand for packaging tapes in industrial sectors like automotive, construction, packaging, and electronics. These tapes are helpful in packing and bundling packages, particularly in construction projects, product assembly, and many others. Such a landscape is likely to foster growth opportunities in the regional market in the coming years.

Asia Pacific is also projected to witness a high CAGR during the forecast period. The market dynamics in Asia Pacific are highly influenced by economic growth, technological advancements, and industrial developments. The region is witnessing rapid urbanization, population growth, and high disposable income, which drive the high demand for goods.

Furthermore, the high adoption rate of mobile technology and high-speed internet is positively influencing the regional market’s growth. The proliferation of online shopping is also creating demand for packaging tapes in the market. However, fast-growing industries like automotive, electronics, and manufacturing are also posing huge demands for packaging tapes for diverse applications like sealing, masking, and labeling.

Therefore, all these factors are likely to propel the growth of the regional market during the anticipated period. For instance, Tesa came up with new packaging tape in 2022. It is manufactured from recycled post-consumer PET. The company is focusing on introducing products made from 70% PET.

Competitive Analysis

The key players in the global packaging tapes market include:

• Lord Corporation
• Avery Dennison Corporation
• H.B Fuller Company
• Sicad S.p.A.
• Atlas Tapes S.A.
• Tesa S.E. Group
• PPM Industries SpA
• Shurtape Technologies Llc.
• Intertape Polymer Group Inc.
• Sonoco Products Company
• Saint Gobain Corporate
• Berry Global Group Inc.
• Nitto Denko Corporation

For instance, Ahlstrom-Munksjo came up with MasterTape Pack Green in 2022. The product is likely to emerge as the best sustainable alternative for plastic pressure-sensitive backings for packaging tapes.

The global packaging tapes market is segmented as follows:

By Tape Type Segment Analysis

• Filament Tape
• Duct Tape
• Masking Tape
• Pressure-Sensitive Tape
• Other Packaging Tape

By Materials Segment Analysis

• Metal Foil
• Plastic
• Paper
• Others

By End-Users Segment Analysis

• Shipping & Logistics
• Defense
• Aerospace
• Healthcare
• Building & Construction
• Electric & Electronics
• Automotive
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America