Packing Tape Market Overview, Data Updates, Reports Analysis & Forecast | FMI

ByNiranjan karde

The Global Packing Tape Market is experiencing a robust transformation, driven by a compelling 4.8% Compound Annual Growth Rate (CAGR) projected from 2023 to 2033. From its modest progression of 2.3% per annum between 2018 and 2022, the market has burgeoned into a dynamic force, poised to expand from US$ 22.8 billion in 2023 to an impressive US$ 36.5 billion by 2033, as forecasted by FMI.

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This remarkable growth narrative is intricately woven with the exponential rise of the e-commerce sector, which has propelled the demand for secure and reliable packaging solutions. As consumers increasingly turn to online shopping, the market benefits from the necessity to ensure safe transit and preservation of shipped goods. The market’s evolution is further enriched by the infusion of creative designs and innovative materials, making it a versatile choice across various industries.

The symbiotic relationship between e-commerce’s momentum and the Packing Tape Market’s surge underscores a compelling tale of adaptability and innovation, where the role of packaging goes beyond utility, becoming a critical driver of seamless and secure global commerce.

The packing tape market is expected to grow at a sluggish pace, with a CAGR of 2.3% from 2015 to 2021 rising to 4.8% during the forecast period. One of the key aspects that contribute to the packing tape market statistics is the rapid rise in economic growth in the purchasing of products from the E-Commerce platform.

Key point: 

  • Strong Adhesion: Packing tape is designed to have excellent adhesion, ensuring a secure seal for boxes and packages. It sticks firmly to various surfaces, preventing accidental openings during transit.
  • Durability: Packing tape is made from high-quality materials that are resistant to tearing and punctures. It can withstand the rigors of shipping and handling, ensuring that packages remain intact.
  • Versatility: Packing tape is suitable for a wide range of applications, including shipping, moving, storage, and packaging. It can be used on different materials such as cardboard, plastic, and metal.
  • Ease of Use: Packing tape typically comes with a convenient dispenser, making it easy to handle and apply. The dispenser allows for smooth and efficient sealing, saving time and effort.
  • Security: Using packing tape provides a visible sign of tampering. If the tape is broken or damaged, it indicates that the package may have been compromised, ensuring added security and peace of mind.
  • Customizability: Packing tape is available in various widths, lengths, and colors. This allows for customization based on specific packaging requirements or branding needs.
  • Cost-effective: Packing tape is an affordable solution for packaging needs, offering value for money. It helps reduce the risk of damage to goods during transit, minimizing potential losses.

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Key segments

By Type:

  • Filament Tapes
  • Double-sided Tapes
  • Parcel Tapes
  • Light-duty Packaging Tapes
  • Others

By Material Type:

  • Acrylic
  • Hot Melts
  • Others

By Application:

  • Food & Beverages
  • Chemical
  • Consumer Goods
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • The Middle East & Africa
  • Europe