This Strapping Tapes market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Strapping Tapes market.
Over the past few years, packaging industry has witnessed a substantial growth. Innovation is driving the packaging tapes market as manufacturers are frequently developing new and innovative tapes to have a competitive edge. Strapping tapes are being increasingly accepted by the various manufacturers of food & beverages and electronics manufacturer for its important properties like sealing heavy boxes and bundling of unpacked products. Other advantages associated with strapping tapes are that it provides good shear and initial adhesion, provides longer package life due to the presence of filaments and adhesions, and allows printing and illustrations to be seen through tape. Strapping tapes keeps cartons and boxes from moving in transit and reinforces packaging bearing significant weight. These tapes are best suited for palletizing, unitizing, bundling and color coding etc.
Strapping tapes: Market Dynamics
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Strapping tapes: Market Segmentation
The global strapping tapes market is segmented on the basis end user, distribution channel, material type, adhesive type
Strapping tapes Market: Regional Outlook
Geographically, the global strapping tapes market is divided into five regions North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). Asia Pacific is expected to dominate the growth in the strapping tapes market, primarily due to huge demand in developing economies like India and China and also because of lower manufacturing cost in these economies. Further, these developing countries are experiencing a steady growth in food & beverages and electronics industry that is expected to make a huge impact on the strapping tapes market. The low manufacturing costs in developing countries are due to easy availability of raw materials and cheap labor. Europe is expected to witness above average growth rate, primarily due to rising preference of sports in various countries such as Germany, France, UK and Italy etc. North America is also expected to experience an average growth in the strapping tapes market. However, the developed regions are expected to grow less aggressively in comparison to Asia Pacific, due to shift in production from developed economies to Asia Pacific. Latin America and MEA are expected to experience a moderate growth in the strapping tapes market.
Strapping Tapes Market: Key players
Some of the key players in the global strapping tapes market are 3M, Global Packaging, Inc., Shurtape Technologies, LLC, TART, Müroll GmbH, Rapid Packaging Systems Ltd., Can-Do National Tape etc.
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Based on the end user the global strapping tapes market is segmented into:
- Food & Beverages
- Kitchen appliances
- Oil & gas
- Others (Toys, Metal working etc.)
Based on the material type the global strapping tapes market is segmented into:
Based on the adhesive type the global strapping tapes market is segmented into:
- Natural rubber
- Synthetic rubber
- Modified synthetic rubber
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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What will you discover from Strapping Tapes Market report?
- The current and future market size, covering each aspect and nuanced trends across key national and geographic markets
- An overview of the market report, providing an imperative visual of the varied market subdivisions and overall forecast statistics in terms of value and volume
- Extensive database and key dynamics elevating the market with varied verticals associated
- Underlying Strapping Tapes Market forces that are compelling consumers or businesses to purchase the product
- How novel technologies and consumer-centric innovations will create new value-adding opportunities for companies active in the Strapping Tapes Market
- What will be environment and regulatory impacts on the market over the next decade
Which framework has been used to develop the Strapping Tapes Market report?
- Investment Feasibility Matrix - It shows returns on investment, level of competition, success rate of investment, and potential risks associated with the market. The analysis shows that the competition is high in the established market, while the returns for short-term investment are also taken into consideration
- Relative Maturity Mapping – The relative maturity is measured according to three growth phases (growth, maturity, decline)
- Relative PLC (Product Life Cycle) – Analysis of the emergence of prominent players and competitive test prices which are driving factors behind every market. (expected market behavior, observed market behavior, expected market performance, observed market performance)