Global Packaging Tapes Market Will Witness a Surge in Demand for Parcel Tapes from Automotive and Food and Beverage Industries: Technavio

LONDON--()--According to the latest market study released by Technavio, the global packaging tapes market is expected to grow at a CAGR of 5.34% during the forecast period.

This research report titled ‘Global Packaging Tapes Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

Technavio’s research brings forth the packaging tapes market, which is highly fragmented due to the presence of international vendors such as 3M and regional vendors such as Intertape Polymer Group (Canada) and Lohmann (Germany). There is strong competition among the vendors based on product portfolio, differentiation, and pricing.

Sharan Raj, a lead analyst at Technavio for research on packaging, says, “Vendors are working on technology and expanding production units to increase the production of packaging tapes to meet the increasing demand. For example, Avery Dennison launched a range of bio-based polyethylene label films in October 2015, and it has expanded its production capabilities for producing packaging tapes.”

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The report categorizes the global packaging tapes market into four segments based on type:

  • Parcel tapes
  • Light-duty packaging tapes
  • Filament tapes
  • Security packaging tapes

Parcel tapes

Parcel tapes will account for the maximum share during the forecast period owing to their different applications in industries such as automotive, and food and beverage. These are medium-strength tapes that are used to package products in corrugated boxes. The most commonly used parcel tapes are brown or translucent and are mainly used for the packaging of corrugated boxes, and common enclosing or sealing. Corrugated boxes are used for packaging applications in almost all industries such as food and beverage, electronics, and chemical. This makes parcel tapes the most widely used tapes in the packaging industry. They are also called box tapes or packing tapes. H-seal and six-strip are the two common ways of using parcel tapes for packaging.

Light-duty packaging tapes

Light-duty packaging tapes are easy to handle and have comparatively less strength and durability than parcel tapes. This is because they are mainly used for packaging products such as bundles, bags, tins, and boxes carrying lightweight products such as chocolate and apparel. These tapes are commonly used for plastic bag closures, garment bundling, party tray closures, wrapper closures, document envelope closures, and others. These tapes usually have pressure sensitive, rubber resin, or acrylic adhesive. Rubber resin is mainly for adhesion and high initial bond strength, whereas acrylic is used for UV resistance and durability. Light-duty packaging tapes are usually backed with molded plastic, clay-coated paper board, or molded fabric.

In terms of production, the global light-duty packaging tapes market is expected to reach 10.17 billion square meters by 2020.

Filament tapes

Filament tapes, also known as strapping tapes, are generally made of biaxially oriented polypropylene (BOPP) films. Fiberglass is used in these tapes to increase tensile strength. The strength of these tapes can be further enhanced by using them in cross seam orientation. These tapes can also withstand high temperatures. L-shaped strips are another common way of using tape. They are mainly used for bundling items, closing corrugated fiber board boxes, and pallet unitizing. They can be used for packaging heavy loads such as pipes and pallets because of their high strength. To apply these tapes more effectively on boxes, tape dispensers or automated machinery are used.

Security packaging tapes

Security packaging tapes are mainly used over wraps in the pharmaceutical and food and beverage industries as a secondary form of packaging. Their main purpose is to provide tamper-evident sealing. Therefore, they have some special features. They are either available in special colors or designs, which get destroyed if removed, do not allow other tapes to be stuck on them, or leave security messages such as “VOID” and “OPEN” if tampered with. For example, security packaging tapes provided by Nova Vision, based in Ohio, the US, are multicolored and diagonally striped. The diagonal stripes become misaligned if any attempt is made to tamper with the packaging.

“Security packaging tapes will be the key target of vendors to increase their profit margins. The use of security packaging tapes is one of the most economical ways to transport goods without tampering. The price offered by recognized vendors for security packaging solutions is as low as USD 4,” says Sharan.

Some of the major players in the packaging tapes market include:

  • 3M
  • Nitto Denko
  • Tesa
  • Avery Dennison
  • Henkel.

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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global packaging tapes market is expected to grow at a CAGR of 5.34% during the forecast period.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com