Cold Storage Tape Market Outlook from 2024 to 2034

The global cold storage tape market value reached USD 628 million in 2023. Over the forecast period, the value is anticipated to rise at 3.1% CAGR. The market is predicted to increase from USD 645 million in 2024 to USD 871 million in 2034.

The global floral industry is one of the largest consumers of cold storage floor tapes. In the past few years, the industry has seen an exponential surge, especially in countries with a robust hospitality sector such as Thailand, Singapore, Malaysia, etc.

The demand for these tapes has touched the skies as they are used in maintaining the aesthetic and quality of flowers during transportation and storage. These tapes are also used in packaging and labeling perishable food items.

The pharmaceutical industry, since the pandemic, has also expanded exponentially. In countries like India, China, and the United Kingdom, companies involved in manufacturing and storing medications are generating an excellent demand for these adhesive tapes as they are a crucial component in sealing and labeling medicine bottles, vials, and packages that require refrigeration.

Cold Storage Tape Industry Assessment

Attributes Key Insights
Historical Size, 2023 USD 628 million
Estimated Size, 2024 USD 645 million
Projected Size, 2034 USD 871 million
Value-based CAGR (2024 to 2034) 3.1%

The demand for these adhesive tapes is also skyrocketing in the logistics and shipping companies as they often deal with goods that require cold chain management. They are used to secure and label packages that need to be transported under refrigerated conditions.

Even in the chemical sector, these tapes find immense applications. They are increasingly being sought-after in these industries to seal and label containers of these chemicals, By doing so, businesses ensure safe storage and handling.

The globalization of trade has increased the movement of temperature-sensitive goods across borders. This has also increased the demand for adhesive tapes in the cold storage sector, especially in the food and beverage industries.

This trend is observed in countries with enormous populations like China, Brazil, India, and Thailand. The proliferation of e-commerce in developing and underdeveloped economies in the last couple of years has also put tremendous pressure on the manufacturers of these adhesive tapes.

Several governments as well as private players are increasingly investing in cold chain infrastructure globally. This hefty investment requires the use of high-quality cold storage tapes to ensure the proper sealing and labeling of products stored in these facilities.

Besides this, modern-day tapes are also easily customizable. Manufacturers now offer a variety of tapes as per the needs of the end users. Options like these have also accelerated their adoption in the industrial landscape.

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Key Industry Highlights

Integration of Smart Technology to Accelerate the Adoption across Domains

Cold storage tapes are now equipped with RFID (Radio Frequency Identification) tags or QR codes to enable real-time monitoring of temperature-sensitive shipments. This integration has significantly enhanced the adoption of these tapes in industries across sectors.

By incorporating such technological additions, businesses ensure instant access to shipment data, including temperature fluctuations and location tracking. Key players in the industry are also dedicating vast financial resources to make these tapes more interactive and informative.

Sustainability Trends to Have a Big Impact on Industry

Industry giants are increasingly focusing on developing eco-friendly tapes made from recyclable materials or biodegradable components. This will not only help them lower their carbon emissions but also enhance their brand image in the industrial world.

Tapes made from plant-based polymers, recycled plastics, and biodegradable adhesives are hence gaining traction as consumers and businesses are both becoming more eco-conscious.

Compatibility with Existing Infrastructure makes Things Difficult for this Industry

The integration of new and highly advanced cold storage tapes into the existing infrastructure is a cumbersome task, especially for small-scale businesses. Many businesses in the cold storage sector have already designed their facilities following traditional synthetic tapes.

This is the biggest challenge slowing down the adoption of these tapes in industrial settings. Also, biodegradable tapes are more costly than plastic and polyester ones, which is again creating challenges for the industry.

2019 to 2023 Cold Storage Tape Demand Outlook Compared to Demand Forecast from 2024 to 2034

The growth of the cold storage tape industry was recorded at 2.3% between 2019 and 2023. The industry generated revenue amounting to USD 572 million in 2019 and surpassed USD 628 million by 2023.

In the early stages of the pandemic, the industry faced a huge plunge in growth as the global manufacturing and logistics sectors experienced disruptions due to lockdowns, supply chain interruptions, and reduced consumer demand. However, certain sectors such as healthcare and food and beverages saw increased demand for long lasting packing tapes as they were essential for packaging and labeling critical supplies.

As industries and consumers, both adapted to the conditions, the adhesive tape industry began to recover. The growth of e-commerce further boosted the demand for these tapes as they formed a crucial component in storing groceries, household items, and other goods requiring temperature-sensitive handling.

The rollout of vacancies and ongoing healthcare needs sustained demand for cold storage tapes in the healthcare and biotechnology sectors. The market has been on the path of recovery since then.

Ismail Sutaria
Ismail Sutaria

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Market Concentration

Tier one companies such as 3M, Avery Dennison, and Intertape Polymer Group are at the forefront of the cold storage tape industry. They are continuously innovating to create high-performance tapes that meet stringent requirements for durability and adhesion in cold storage environments. These companies are also investing heavily in advanced materials and technologies, including sustainable options like recyclable and biodegradable components.

Tier two companies such as Scapa Group, Tesa SE, and Berry Global also play a crucial role in the market by offering specialized products and solutions. These companies often focus on niche markets or provide customizable tape solutions that cater to unique customer requirements.

They contribute to industry growth by expanding the range of available products, including tapes designed for specific applications such as medical packaging or industrial logistics.

Tier three companies like CCT Tapes, Shurtape Technologies, and ATP Adhesive Systems are vital players in the market, often specializing in regional markets or niche applications. These companies differentiate themselves by offering cost-effective solutions and flexible service options that meet the needs of smaller businesses and local industries.

While they may not have the global reach or extensive resources of tier one and tier two companies, tier three firms contribute to industry growth by providing competitive alternatives and fostering innovation at a grassroots level.

Comparative View of Adjacent Industries

In this section, two industries in the packaging and labeling sector, namely, pressure-sensitive tapes and labels and BOPP packaging tapes, have been analyzed. The information provided in the tables is indicative of trends and opportunities in these industries. It can be confidently projected that the pressure-sensitive tapes and label industry is set to have a promising future in comparison to the other two.

Pressure Sensitive Tapes and Labels Industry Assessment:

The dynamic growth of the food and beverage sector driven by the escalating adoption of modern lifestyles, swift urbanization, and rising demand for hygienic and packaged food is creating a conducive environment for the manufacturers of pressure-sensitive tapes and labels.

Besides this, the wide application of these tapes and labels in numerous end-user applications, such as construction, food and beverages, electronic goods, healthcare, general manufacturing, etc. is projected to push product sales.

Attributes Description
Related Market Pressure Sensitive Tapes and Labels Industry
CAGR (2024 to 2034) 6%
Growth Factor The deepening penetration of the e-commerce sector, facilitated by the surging online deliveries of household appliances and consumer goods in flexible packages and corrugated boxes
Key Trend Increasing utilization of pressure-sensitive labels in pharmaceutical and food products to decrease counterfeiting via Radio Frequency Identification (RFID) technology or barcodes for tracking.

BOPP Packaging Tape Industry Assessment:

The sale, manufacture, stocking, import, distribution, and use of single-use plastic, such as polystyrene is banned in several countries. This has forced companies in the packaging and labeling domain to switch to BOPP packaging tape as they are considered less harmful to the environment. Besides this, these tapes can easily be silted as per users’ requirements, which makes them adaptable to various packaging needs.

Attributes Description
Related Market BOPP Packaging Tape Industry
CAGR (2024 to 2034) 4.6%
Growth Factor Increasing demand for BOPP tapes in inventory management, heavy-duty carton shipping, sealing, and logistics industries.
Key Trend Technological advances to introduce advanced versions of BOPP packaging tapes are projected to push product sales.

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Country-wise Insights

This section gives insights into the cold storage tape market’s global forecast in top countries and the regional growth patterns. Information on regions like North America, Europe, Asia Pacific, and others has been granulated, focusing on the top countries.

According to these numbers, in the North American region, Canada tops the charts. The United Kingdom, in the European region, is one of the most lucrative markets for these tapes. In the Asian part, India exhibits a healthy CAGR of 6.7% through 2034.

Countries Value CAGR (2024 to 2034)
Canada 2.7%
United States 2.1%
Germany 2%
India 6.7%
Thailand 4.7%
South Korea 2.1%
China 3.9%
United Kingdom 2.6%

Expanding Pharma Industry in India to Support Market Growth

The cold storage tape industry in India is set to showcase a sustained CAGR of 6.7% through 2034. The industry is growing in India due to the country’s expanding pharmaceutical sector. India, in the last few years, has been experiencing an increase in healthcare needs and pharmaceutical exports.

This has skyrocketed its demands for reliable cold storage solutions for packaging and labeling medicines and vaccines. Cold storage packing tapes play a crucial role in maintaining the integrity and safety of these temperature-sensitive products during storage and transportation.

The rapid growth of e-commerce in India has also spurred demand for effective packaging materials to ensure the freshness and quality of perishable goods delivered to consumers.

China to Exhibit Decent Market Growth in the Coming Decade

China is very likely to exhibit a CAGR of 3.9% for the forecast period. It is one of the leading cold storage tape sectors in Asia. China’s thriving food and beverage sector relies heavily on cold storage packing tapes to preserve the quality and shelf life of perishable products such as fresh produce, seafood, and dairy.

As consumer preferences shift towards safer and higher-quality food products, there is an increasing emphasis on effective cold storage solutions to meet stringent hygiene and safety standards. This has created excellent opportunities for manufacturers of these tapes in the country. The industry in China is also benefiting from robust industrial growth and growing manufacturing activities

China's pharmaceutical industry is also rapidly expanding. This has generated excellent demand for cold storage floor tapes as they are essential for ensuring compliance with international standards for packaging and transporting pharmaceuticals.

The Need for Reliable Cold Storage Solutions Benefits the Industry in the United States

The United States industry is expected to register a CAGR of 2.1% over the forecast period. The COVID-19 pandemic has accelerated the need for reliable cold storage solutions, particularly for vaccine distribution and storage across the United States.

The industry is also growing due to advancements in healthcare technologies and pharmaceutical research. The rise of e-commerce and online grocery shopping has increased demand for cold storage tapes to ensure the safe delivery of perishable goods to consumers' doorsteps.

This trend is supported by ongoing investments in sustainable packaging solutions and stringent regulatory requirements for product safety and environmental compliance in the United States.

Category-wise Insights

This section takes a closer look at the cold storage tape market segmentation by thickness, application, and end user. The top two categories are discussed below.

Businesses are Increasingly Preferring Cold Storage Tapes with Minimum Thickness

The market is segmented based on thickness into three categories: up to 50 microns, 51 to 100 microns, and above 100 microns. Among these, tapes with a thickness of up to 50 microns account for 37% of the overall market in 2024.

Thickness Up to 50 microns
Value Share (2024) 37%

Tapes with a thickness of up to 50 microns are in great demand as they offer adequate strength for sealing and packaging needs while being more affordable than thicker alternatives.

These tapes are also preferred by businesses due to their cost-effectiveness and sufficient durability for many applications. Their lightweight nature, which reduces shipping costs, and their versatility in various applications such as food and beverage packaging are some of the main factors driving their demand.

The growing emphasis on sustainability also accelerates their adoption, as thinner tapes use fewer raw materials, resulting in less environmental impact. Their ease of use and compatibility with automated packaging systems also contribute to their widespread preference.

Cold Storage Tapes Redefine the Pharma Industry

The cold storage tape industry serves various end users, such as food and beverages, personal care and cosmetics, pharmaceuticals, chemicals, and other industrial sectors. Pharmaceuticals are estimated to hold a market share of 48%, as of 2024.

End User Pharmaceuticals
Value Share (2024) 48%

The growth of temperature-sensitive biologics and the rise in global vaccine distribution are some of the main reasons why a significant surge in the demand for these tapes in the global pharma sector is observed.

Businesses in the pharmaceutical industry are also increasingly in need of cold storage tapes due to stringent temperature control requirements for drugs and vaccines. The COVID-19 pandemic has also heightened awareness and urgency for reliable cold storage solutions, which has further boosted adoption.

The demand for these tapes in the pharma companies is also touching the skies as they are an essential component in maintaining the integrity of sensitive products.

Competitive Landscape

The competition in the cold storage tape market is very fierce with a multitude of international companies having a strong foothold in the industry. Healthcare entities, pharma companies, food and beverage manufacturers, and chemical factory units, all rely on these industry-giants for their adhesive tapes.

There is little to no scope for new entrants as they have to battle lower profit margins and a loyal consumer base. Besides this, the industry is heavily influenced by the innovations of these companies as they have robust research and development capabilities.

Lineage Logistics, Americold Logistics, United States Cold Storage, NewCold, and Nichirei Logistics Group, are some of the most prominent companies in this market.

Recent Developments

  • In March 2023, Distribution Solutions Group announced it acquired Hisco, expanding its industrial technologies focus and combining operations with TestEquity to enhance offerings and market presence.
  • In June 2024, Constantia Flexibles and ExxonMobil launched recyclable freezer films for Bonduelle’s plant-based foods. The mono-material polyethylene solution replaced multi-material films, improving recyclability and packaging durability for a range of vegetables.

Key Players in the Cold Storage Tape Industry

  • Lineage Logistics
  • Americold Logistics
  • United States Cold Storage
  • NewCold
  • Nichirei Logistics Group
  • Emergent Cold LatAm
  • Interstate Warehousing
  • Frialsa Frigorificos
  • Constellation Cold Logistics
  • Superfrio Logistica Frigorificada
  • FreezPak Logistics
  • Conestoga Cold Storage
  • Congebec Logistics
  • METCOLD Supply Network Management
  • RLS Partners
  • Friozem Armazens Frigorificos
  • Magnavale
  • Confederation Freezers
  • Trenton Cold Storage
  • Nor-Am Cold Storage

Key Segments of the Cold Storage Tape Industry

By Thickness:

The cold storage tape market is segmented based on thickness, with options including tapes up to 50 microns, tapes ranging from 51 to 100 microns, and tapes above 100 microns.

By Applications:

In terms of application, cold storage tapes are utilized across various sectors such as food and beverages, personal care and cosmetics, pharmaceuticals, chemicals, and other industrial applications.

By End User:

Based on end-user, the market is classified into food and beverages, personal care and cosmetics, pharmaceuticals, chemicals, and other industrial sectors.

By Region:

Key countries of North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa (MEA), and Oceania have been covered in the report.

Frequently Asked Questions

What is the overall global valuation for the cold storage tape industry?

The global valuation is USD 645 million as of 2024.

What does the future of the cold storage tape industry look like?

The market is expected to reach USD 871 million by 2034.

What is the growth of the cold storage tape industry in terms of CAGR?

The market is growing at a CAGR of 3.1% from 2024 to 2034.

Who are the prominent companies in the cold storage tape sector?

Lineage Logistics, Americold Logistics, and United States Cold Storage.

What was the cold storage tape market value in 2023?

In 2023, the global market was valued at USD 628 million.

Table of Content

1. Executive Summary

2. Industry Introduction, including Taxonomy and Market Definition

3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments

4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections

5. Pricing Analysis

6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    6.1. Thickness

    6.2. Application

    6.3. End User

7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Thickness

    7.1. Upto 50 Microns

    7.2. 51 to 100 Microns

    7.3. Above 100 Microns

8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application

    8.1. Deep Freezers

    8.2. Refrigerators

9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User

    9.1. Food & Beverages

    9.2. Personal Care & Cosmetics

    9.3. Pharmaceuticals

    9.4. Chemicals

    9.5. Other Industrial

10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region

    10.1. North America

    10.2. Latin America

    10.3. Western Europe

    10.4. South Asia

    10.5. East Asia

    10.6. Eastern Europe

    10.7. Middle East & Africa

11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

14. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

18. Sales Forecast 2024 to 2034 by Thickness, Application, and End User for 30 Countries

19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard

20. Company Profile

    20.1. Shurtape Technologies, LLC

    20.2. 3M Company

    20.3. Vibac Group S.p.a.

    20.4. Brady Corporation

    20.5. Tesa SE

    20.6. Avery Dennison Corporation

    20.7. Sigma Aldrich Corporation

    20.8. DuraLabel

    20.9. CCL Industries Inc.

    20.10. Phoenix Tape

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