GITNUX MARKETDATA REPORT 2024

Packaging Tapes Industry Statistics

The Packaging Tapes Industry is expected to witness steady growth in the upcoming years due to increasing demand in e-commerce and logistics sectors.

With sources from: alliedmarketresearch.com, mordorintelligence.com, grandviewresearch.com, gminsights.com and many more

Statistic 1

By 2025, the packaging tapes market is expected to reach an estimated value of USD 48.56 billion.

Statistic 2

The packaging tapes market saw a CAGR of 4.5% during the period 2020-2025.

Statistic 3

Asia Pacific leads the packaging tapes market globally with a share of 38.6% in 2019.

Statistic 4

Acrylic tapes accounted for around 55.8% market share in 2019, highest among tape materials.

Statistic 5

PVC tapes are projected to grow at a CAGR of 6.3% from 2020 to 2027.

Statistic 6

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.

Statistic 7

The online distribution channel for packaging tapes is expected to register a significant growth rate of 6.7% from 2020 to 2027.

Statistic 8

The United States is the largest consumer of packaging tapes in North America.

Statistic 9

The global packaging tapes market is projected to showcase a growth rate of 3.69% between 2020 and 2027.

Statistic 10

In 2021, the leading player in the global packaging tapes market is 3M, holding a market share of approximately 18.5%.

Statistic 11

The global packaging tapes market was valued at USD 58.32 billion in 2018.

Statistic 12

The demand for pressure-sensitive tapes for packaging applications in the Asia Pacific exceeded USD 5.2 billion in 2016.

Statistic 13

India is the fastest-growing market for packaging tapes in the Asia Pacific region.

Statistic 14

The European market for packaging tapes is likely to expand at a CAGR of 2.9% between 2016 and 2024.

Statistic 15

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.

Statistic 16

Hot-melt carton sealing tape dominates the packaging tapes market with over 60% share in terms of volume.

Statistic 17

Water-activated tape type segment is anticipated to grow at the highest CAGR of 4.8% during the forecast period 2018-2025.

Statistic 18

The packaging application of adhesive tapes dominates all other segments by accounting for 65% of the global consumption.

Statistic 19

The packaging tape production in the United States is projected to reach approximately 2.15 billion square metres in 2021.

Statistic 20

The Box Sealing Tapes segment is forecast to grow at a 6% CAGR globally by 2026.

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In this post, we will explore key statistics and trends shaping the packaging tapes industry. From market values and growth rates to regional insights and materials usage, these data points offer valuable insights into the dynamics of this essential sector. Join us as we break down the numbers and uncover the driving forces behind the packaging tapes market’s evolution.

Statistic 1

"By 2025, the packaging tapes market is expected to reach an estimated value of USD 48.56 billion."

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Statistic 2

"The packaging tapes market saw a CAGR of 4.5% during the period 2020-2025."

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Statistic 3

"Asia Pacific leads the packaging tapes market globally with a share of 38.6% in 2019."

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Statistic 4

"Acrylic tapes accounted for around 55.8% market share in 2019, highest among tape materials."

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Statistic 5

"PVC tapes are projected to grow at a CAGR of 6.3% from 2020 to 2027."

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Statistic 6

"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."

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Statistic 7

"The online distribution channel for packaging tapes is expected to register a significant growth rate of 6.7% from 2020 to 2027."

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Statistic 8

"The United States is the largest consumer of packaging tapes in North America."

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Statistic 9

"The global packaging tapes market is projected to showcase a growth rate of 3.69% between 2020 and 2027."

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Statistic 10

"In 2021, the leading player in the global packaging tapes market is 3M, holding a market share of approximately 18.5%."

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Statistic 11

"The global packaging tapes market was valued at USD 58.32 billion in 2018."

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Statistic 12

"The demand for pressure-sensitive tapes for packaging applications in the Asia Pacific exceeded USD 5.2 billion in 2016."

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Statistic 13

"India is the fastest-growing market for packaging tapes in the Asia Pacific region."

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Statistic 14

"The European market for packaging tapes is likely to expand at a CAGR of 2.9% between 2016 and 2024."

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Statistic 15

"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."

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Statistic 16

"Hot-melt carton sealing tape dominates the packaging tapes market with over 60% share in terms of volume."

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Statistic 17

"Water-activated tape type segment is anticipated to grow at the highest CAGR of 4.8% during the forecast period 2018-2025."

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Statistic 18

"The packaging application of adhesive tapes dominates all other segments by accounting for 65% of the global consumption."

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Statistic 19

"The packaging tape production in the United States is projected to reach approximately 2.15 billion square metres in 2021."

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Statistic 20

"The Box Sealing Tapes segment is forecast to grow at a 6% CAGR globally by 2026."

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Interpretation

The packaging tapes industry is poised for significant growth, with projections indicating a robust market value increase by 2025. The market has shown steady growth rates and evolving trends, such as the increasing utilization of acrylic and PVC tapes. Specific regions like Asia Pacific stand out as key players in the global market, with segments like the medical sector and online distribution channels expected to drive future growth. The United States remains a prominent consumer in North America, while emerging markets like India are showing rapid expansion potential. Overall, the industry's future looks promising with various segments and regions experiencing positive growth trajectories.

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