1. Business

Sealing & Strapping Packaging Tapes Market: Sticking with Success

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In 2022, the Sealing & Strapping Packaging Tapes market was worth a substantial US$ 22.94 billion, and this industry is poised for impressive growth. Projections indicate that by 2029, it will reach a total value of US$ 30.20 billion, marking a notable 4% compound annual growth rate. Let's unpack the dynamics behind this tape-driven industry:

Market Dynamics:

  • Health & Fitness Boom: The health-conscious population and a surge in fitness activities are driving the demand for sealing & strapping packaging tapes, particularly in the sports and outdoor apparel sector. This rising demand is setting the stage for substantial market growth.

  • Protective Gear Demand: The market is further boosted by the demand for protective clothing and accessories, including military, surgical/medical, and chemical protection garments. This diversification enhances the market's revenue potential.

  • Applications in Packaging: Sealing & strapping tapes find extensive use in carton sealing and strapping, driving their market growth. However, the market does face some headwinds.

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Challenges Ahead:

  • Raw Material Costs: The high cost of raw materials can impact the market, making production more expensive.

  • Regulatory Hurdles: Stringent regulations in the adhesive-based packaging tapes market can pose challenges to market growth.

Sealing & Strapping Packaging Tapes  Market Segment Analysis:

 

by Application

Carton sealing tapes
Strapping & bundling

by Type of Adhesive

Acrylic
Rubber-based
Silicon
Others (EVA and Butyl)

by Material

Paper
Polypropylene
Polyvinyl Chloride
Polyester
Others (Reinforced Fiberglass and polyethylene films)

 

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Key Players

1. Wilson Sporting Goods 2. Amer Sport (Finland), 3. YONEX Co., Ltd.(Japan), 4. Babolat (France), 5. ASI -CSP,llc (Japan) , 6. Tecnifibre ( ‎Paris), 7. Dunlop Sports Group Americas (the U.S.), 8. ABG-PRINCE OPCO, LLC (the U.S.), 9. GAMMA Sports (the U.S.), 10. PACIFIC Holding GmbH (Germany), 11. ProKennex (Taiwan), 12. ONE SPORTS s.r.l (Italy), 13. PowerAngle, H 14. EAD (the Netherlands), 15. Slazenger (the U.K), 16. Volkltennis (Germany) 17. Head N.V. 18. Solinco 19. ASICS Corporation 20. Authentic Brands Group, LLC

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