March 19, 2021 09:03 ET | Source: Research and Market Research and Market
Dublin, March 19, 2021 (Global News Agency)-ResearchAndMarkets.com's products have added the "Sealed Packaging Tape Market-Growth, Trends, COVID-19 Impact and Forecast (2021-2026)" report. It is expected that during the forecast period (2021-2026), the sealed packaging tape market will grow at a compound annual growth rate of 9%. These tapes are used to seal, close corrugated cardboard boxes, reinforce packaging, tie up items, pallet combinations, etc.
In the e-commerce industry, more and more consumer products are transported in single packages, and the safety of such packages has become a basic concern of players. Therefore, these tapes provide a perfect solution for this type of player, ensuring that the packaging has good airtightness and closure. This is expected to promote the adoption of market growth during the forecast period.
For example, during Double Eleven in 2019, Alibaba's purchases exceeded 268 billion yuan (38.3 billion U.S. dollars), and it is estimated that a single day shipment volume reached 1 billion packages.
Therefore, in order to meet future needs, some major players in the market are increasingly carrying out research and development activities to enable them to carry out product development.
In September 2019, 3M announced the launch of Scotch High Tack Box Sealing Tape 375, an industrial packaging tape used for box sealing, splicing, recycling and other packaging applications.
The ever-evolving food service industry is increasingly deploying tamper-proof sealing tape, which enables food distributors to provide greater security during the delivery process. For example, in December 2018, Zomato introduced tamper-proof tape to ensure that any chance of tampering with food is prevented.
Main market trendsThe e-commerce industry is expected to occupy a significant market share
The Asia-Pacific region is expected to occupy an important market share
Competitive landscape Due to the existence of some major players, such as 3M Company, Berry Global Inc., etc., the sealing and strapping packaging tape market is fiercely competitive. Market participants have been able to propose product development through research and development, so that they can better serve the market and promote growth. However, the market is still fragmented.
Reasons for purchasing this report:
Key topics covered: 1 Introduction 1.1 Research Hypothesis 1.2 Research Scope 2 Research Method 3 Executive Summary 4 Market Dynamics 4.1 Market Overview 4.2 Market Drivers 4.2.1 The demand for superior strength, toughness and fracture strength of seal materials continues to rise 4. Rest4.33.4. 1 Strict regulations on disposable plastics 4.4 Industry value chain analysis 4.5 Industry attractiveness-Porter's five forces analysis 4.5.1 Threat of new entrants 4.5.2 Buyer/consumer bargaining power 4.5.3 Supply Bargaining power of vendors 4.5.4 Threats of alternative products 4.5.5 Competitive strength 5 Market segmentation 5.1 By material type 5.1.1 Plastic 5.1.1.1 PP 5.1.1.2 PVC 5.1.2 Paper 5.1.3 Others 5.2 By adhesive type 5.2.1 Rubber base 5.5.2.2 3 Hot melt adhesive 5.3 According to the end user industry 5.3.1 Logistics 5.3.2 Food service 5.3.3 Pharmaceutical 5.3.4 E-commerce 5.3.5 Others 5.4 Geography 5.4.1 North America 5.4.1.1 U.S. 5.4 .1.2 Canada 5.4.2 Europe 5.4.2.1 Germany 5.4.2.2 United Kingdom 5.4.2.3 France 5.4.2.4 Rest of Europe 5.4.3 Asia Pacific 5.4.3.1 China 5.4.3.2 Japan 5.4.3.3 India 5.4.3.4 Other Asia Pacific 5.4. 4 Latin America 5.4.5 Middle East and Africa 6 Competitive landscape 6.1 Company profile 6.1.1 Berry Global Inc. 6.1.2 CCT Tapes 6.1.3 Mactac, LLC 6.1.4 Nichiban Co., Ltd. 6.1.5 Intertape Polymer Group, Inc 6.1.6 Ajit Industry 6.1.7 Scapa Group plc 6.1.8 Nitto Denko Corporation 6.1.9 Tesa SE-Beiersdorf Company 6.1.10 3M Company 7 Investment Analysis 8 Market Opportunities and Future Trends More information about this report , Please visit https://www.researchandmarkets .com/r/q5nkj1