The Latest Packaging Tapes Industry Statistics Explained
By 2025, the packaging tapes market is expected to reach an estimated value of USD 48.56 billion.
This statistic projects that the packaging tapes market will experience significant growth and reach an estimated value of USD 48.56 billion by the year 2025. This forecast indicates an increasing demand for packaging tapes used in industries such as e-commerce, logistics, and manufacturing to securely seal and package various goods for transportation and storage. The anticipated market value suggests a robust market outlook driven by factors such as globalization, expanding e-commerce activities, and the need for efficient packaging solutions to meet consumer demands. This data can be valuable for businesses operating in the packaging industry, helping them to make informed decisions and strategic plans to capitalize on the growing market opportunities.
The packaging tapes market saw a CAGR of 4.5% during the period 2020-2025.
The statistic indicates that the packaging tapes market experienced a Compound Annual Growth Rate (CAGR) of 4.5% over the period from 2020 to 2025. This means that on average, the market for packaging tapes grew by 4.5% each year during this time frame. CAGR is a useful metric for understanding the growth rate of a market or industry over multiple years, as it smooths out fluctuations and provides a consistent rate of growth. In this case, a CAGR of 4.5% suggests a steady and moderate expansion of the packaging tapes market over the specified period.
Asia Pacific leads the packaging tapes market globally with a share of 38.6% in 2019.
The statistic “Asia Pacific leads the packaging tapes market globally with a share of 38.6% in 2019” indicates that the Asia Pacific region accounted for the largest portion of the global packaging tapes market in 2019, capturing 38.6% of the total market share. This suggests that Asia Pacific was the dominant player in the industry during that time, surpassing other regions in terms of market penetration and sales volume. Factors such as rapid industrialization, increasing manufacturing activities, and growth in e-commerce are likely contributing to the region’s strong performance in the packaging tapes market, making it a key area of focus for businesses operating in this sector.
Acrylic tapes accounted for around 55.8% market share in 2019, highest among tape materials.
The statistic indicates that in the year 2019, acrylic tapes held the largest market share compared to other materials used for manufacturing tapes, with approximately 55.8% of the total market. This suggests that acrylic tapes were the most popular choice among consumers or industries requiring tapes for various purposes. The high market share reflects the perceived quality, performance, or other favorable attributes associated with acrylic tapes that made them the preferred option over other materials such as rubber, silicone, or cloth. This statistic highlights the dominance of acrylic tapes in the market and potentially signifies the strong demand and trust placed in this particular tape material by users.
PVC tapes are projected to grow at a CAGR of 6.3% from 2020 to 2027.
This statistic indicates that the market for PVC tapes is expected to experience a Compound Annual Growth Rate (CAGR) of 6.3% over the period of 2020 to 2027. A CAGR of 6.3% implies a steady annual growth rate over the specified time frame. This projection suggests that the demand for PVC tapes is forecasted to increase consistently, potentially due to factors such as expanding applications in industries like construction, electrical, and packaging. Companies operating in the PVC tape market may anticipate growth opportunities and market expansion in the coming years based on this projected CAGR.
The medical sector is projected to emerge as the fastest growing consumer segment for packaging tapes with a CAGR of 7.0% from 2020 to 2027.
This statistic implies that within the consumer segment for packaging tapes, the medical sector is forecasted to experience the highest rate of growth over the period from 2020 to 2027, with a Compound Annual Growth Rate (CAGR) of 7.0%. This indicates a consistent annual growth rate for the demand and usage of packaging tapes within the medical industry. The projection suggests that the medical sector will increasingly rely on packaging tapes for various applications, potentially driven by factors such as expanding healthcare services, advancements in medical technology, and increasing demand for medical supplies. This growth trend highlights the opportunities and potential for packaging tape suppliers and manufacturers to cater to the specific needs and requirements of the medical sector.
The online distribution channel for packaging tapes is expected to register a significant growth rate of 6.7% from 2020 to 2027.
The statistic suggests that the online distribution channel for packaging tapes is projected to experience a notable increase in sales over the period from 2020 to 2027, with a growth rate of 6.7%. This indicates a strong consumer shift towards online platforms for purchasing packaging tapes, likely driven by factors such as convenience, accessibility, and potentially a broader trend towards e-commerce. The growing popularity of online shopping and the increasing digitization of retail channels are likely contributing to this expected growth in the online distribution of packaging tapes. Businesses operating in this market may benefit from focusing on their online presence and optimizing their e-commerce strategies to take advantage of this anticipated growth.
The United States is the largest consumer of packaging tapes in North America.
The statistic stating that the United States is the largest consumer of packaging tapes in North America indicates that the United States purchases and uses the most amount of packaging tapes compared to other countries in the region. This suggests a high level of demand for packaging materials for shipping and storage purposes within the United States. Factors such as the size of the economy, the volume of goods being transported, and the prevalence of e-commerce activities likely contribute to this trend, making the United States a key market for packaging tape manufacturers and suppliers in North America.
The global packaging tapes market is projected to showcase a growth rate of 3.69% between 2020 and 2027.
The statistic provided suggests that the global packaging tapes market is anticipated to experience a steady growth rate of 3.69% between the years 2020 and 2027. This growth rate indicates an expected increase in demand and consumption of packaging tapes worldwide over the specified time period. Factors contributing to this growth could include rising e-commerce activities, expanding industrial and commercial sectors, and increased emphasis on efficient and secure packaging solutions. The projection of this growth rate provides valuable insight for industry stakeholders, businesses, and investors looking to capitalize on opportunities within the packaging tapes market.
In 2021, the leading player in the global packaging tapes market is 3M, holding a market share of approximately 18.5%.
In 2021, the statistic suggests that 3M is the dominant player in the global packaging tapes market, representing approximately 18.5% of the market share. This indicates that 3M holds a significant portion of the market compared to its competitors. The high market share of 3M suggests that the company is a key player in the industry and has a strong influence on market dynamics, such as pricing strategies, product offerings, and overall market trends. As the leading player, 3M likely has a competitive advantage that allows it to capture a sizeable portion of the market, potentially due to factors such as brand recognition, product quality, distribution networks, or innovation capabilities.
The global packaging tapes market was valued at USD 58.32 billion in 2018.
The statistic “The global packaging tapes market was valued at USD 58.32 billion in 2018” indicates the total monetary worth of sales of packaging tapes worldwide during the year 2018. This value represents the cumulative revenue generated from the sale of various types of packaging tapes such as adhesive tapes, carton sealing tapes, and duct tapes among others, used for securing packages for shipping and storage purposes. The figure serves as a key indicator of the size and significance of the global packaging industry, reflecting the demand for packaging solutions in various sectors including e-commerce, logistics, manufacturing, and consumer goods. This statistic provides insight into the market’s scale and economic impact, helping stakeholders make informed decisions regarding investments, strategic planning, and overall market trends.
The demand for pressure-sensitive tapes for packaging applications in the Asia Pacific exceeded USD 5.2 billion in 2016.
The statistic indicates that the total market value for pressure-sensitive tapes specifically used for packaging purposes in the Asia Pacific region surpassed USD 5.2 billion in the year 2016. This figure reflects the significant demand for such tapes within the region, highlighting their importance in packaging applications. The value of over USD 5.2 billion suggests a sizable market for pressure-sensitive tapes in the Asia Pacific, emphasizing their widespread use across various industries and sectors for packaging needs during that particular year.
India is the fastest-growing market for packaging tapes in the Asia Pacific region.
The statistic indicates that India has experienced the highest rate of growth in the demand for packaging tapes among all the countries in the Asia Pacific region. This suggests that there has been a significant increase in the use of packaging tapes within India, and the market for these products is expanding rapidly compared to other countries in the region. Factors contributing to this growth could include the rising e-commerce industry, increasing manufacturing activities, and the overall economic development of India. As a result, companies operating in the packaging tape industry may see India as a lucrative market with great growth potential for their products.
The European market for packaging tapes is likely to expand at a CAGR of 2.9% between 2016 and 2024.
This statistic suggests that the European market for packaging tapes is expected to experience a Compound Annual Growth Rate (CAGR) of 2.9% over the period from 2016 to 2024. This means that the market is projected to grow steadily at an average annual rate of 2.9% during this specified timeframe. The CAGR is a useful metric for measuring the consistent growth rate of a market over multiple years, indicating incremental expansion over time. In this case, the forecasted CAGR implies a positive outlook for the European packaging tape market, suggesting opportunities for growth and development within the industry over the eight-year period.
The global packaging tape printing market, by Value, is projected to grow at a CAGR of 6.02% during the forecast period, to reach USD 32.26 Billion by 2020.
This statistic indicates that the global packaging tape printing market is expected to experience a Compound Annual Growth Rate (CAGR) of 6.02% over a specified forecast period, leading to a projected total market value of USD 32.26 billion by the year 2020. The CAGR represents the annual growth rate of the market, showing how the market is expected to steadily increase over the forecast period. This projection suggests positive growth and expansion in the packaging tape printing industry, driven by factors such as increasing demand for packaged goods and advancements in printing technologies.
Hot-melt carton sealing tape dominates the packaging tapes market with over 60% share in terms of volume.
This statistic indicates that hot-melt carton sealing tape is the most widely used type of packaging tape in the market, accounting for more than 60% of the total volume of tape used for packaging purposes. Hot-melt carton sealing tape is preferred by many businesses and industries due to its strong adhesive properties and versatility in sealing various types of cartons and packages. The dominance of hot-melt carton sealing tape in the packaging tapes market suggests that it is a popular and effective choice for securing and protecting goods during shipping and storage, highlighting its importance in the packaging industry.
Water-activated tape type segment is anticipated to grow at the highest CAGR of 4.8% during the forecast period 2018-2025.
This statistic highlights that within the tape industry, the water-activated tape type segment is expected to experience significant growth with a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period of 2018 to 2025. This indicates that the demand for water-activated tape is anticipated to increase at a faster pace compared to other tape types over the specified period. Factors contributing to this projected growth could include the increasing adoption of sustainable packaging solutions, the superior strength and tamper-evident features of water-activated tape, and a rising focus on environmentally-friendly packaging practices in various industries. Overall, this statistic suggests a promising market opportunity for companies operating in the water-activated tape segment.
The packaging application of adhesive tapes dominates all other segments by accounting for 65% of the global consumption.
The statistic stated that the packaging application of adhesive tapes holds a dominant position compared to other segments, representing 65% of global consumption. This means that a significant majority of adhesive tapes produced worldwide are primarily used for packaging purposes. The high percentage suggests that packaging is a crucial and widespread application for adhesive tapes, highlighting its importance in industries such as shipping, logistics, e-commerce, and retail. The dominance of packaging applications indicates the versatile and practical nature of adhesive tapes in securing, sealing, and protecting various types of packages, boxes, and parcels in the global market.
The packaging tape production in the United States is projected to reach approximately 2.15 billion square metres in 2021.
The statistic indicates that the production of packaging tape in the United States is expected to increase significantly to around 2.15 billion square meters in the year 2021. This projection suggests a growing demand for packaging tape, likely driven by factors such as increased e-commerce activity, manufacturing output, and overall economic growth. The rise in production volume can be seen as a positive indicator of economic activity, as businesses and consumers alike rely on packaging tape to secure packages and goods for shipping and storage. Overall, the statistic implies a potentially thriving market for packaging tape in the United States in 2021.
The Box Sealing Tapes segment is forecast to grow at a 6% CAGR globally by 2026.
This statistic indicates that the Box Sealing Tapes segment, which refers to the market for tapes used for sealing boxes and packaging, is expected to experience a compound annual growth rate (CAGR) of 6% on a global scale by the year 2026. This forecast suggests that the demand for box sealing tapes is projected to steadily increase at a rate of 6% per year, indicating potential opportunities for companies in the industry to expand their market share and revenue over the specified time period. Factors such as growth in e-commerce, increased industrial activities, and the emphasis on efficient packaging solutions may drive the growth of the Box Sealing Tapes segment according to this forecast.
Conclusion
Overall, the packaging tapes industry statistics reveal a dynamic and competitive market with a promising outlook for growth. These insights provide valuable information for businesses to adapt their strategies and capitalize on emerging trends in the industry.
References
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