Shipping Tapes Market Size & Share | Industry Trends Analysis Report for 2032

ByNiranjan karde

The global shipping tapes market is on track to achieve a valuation of US$ 18.1 billion in 2022, with a projected Compound Annual Growth Rate (CAGR) of 4.3% for the forecast period of 2022 to 2032. Presently valued at approximately US$ 17.6 billion, the market is anticipated to expand significantly to US$ 27.6 billion by 2032, reflecting a growth of 1.6 times. Holding nearly 24% of the global tapes industry, valued at around US$ 74.8 billion in 2022, the shipping tapes market plays a substantial role.

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Within the shipping tapes sector, the acrylic adhesive segment displayed a year-on-year growth of 3.3% in 2021, while demand for natural rubber adhesives increased by 4.8% between 2020 and 2021, as per FMI findings.

Considering backing materials, the plastic segment is projected to double its current sales by the end of 2031, with a CAGR of 3.1% during 2020-31. Meanwhile, the paper backing material segment generated a revenue of US$ 9.8 billion in 2021, with an anticipated acceleration in demand due to the dominance of the top 5 providers, who held 15-20% of the global shipping tapes industry in 2021.

Key Takeaways: 

  • As per end use, the e-commerce segment is expected to generate a shipping tapes industry share of 24% by 2032 with rising preference among people for online shopping.
  • Sales of acrylic adhesives are expected to increase 1.5x the current sales owing to their low cost and wide accessibility in end-use industries.
  • South Asia & East Asia are set to be the biggest markets for shipping tapes due to increased shopping through e-commerce platforms.

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Outlook by Category

By Adhesive Type:

  • Natural Rubber
  • Acrylic
  • Others (Hot Melt, Water-Activated Tape, etc.)

By Backing Material:

  • Paper
  • Plastic
  • Others (Metal Foil, Glass Fiber, etc.)

By End Use:

  • Food & Beverages
  • Pharmaceuticals
  • Building & Construction
  • E-Commerce
  • Cosmetics & Personal Care
  • Electrical & Electronics
  • Shipping & Logistics
  • Others (Textile, Agriculture, etc.)