Sales of shipping tapes market are anticipated to soar between 2022 and 2032, at a CAGR of 4.3%, according to Future Market Insights (FMI). The market for shipping tapes is anticipated to grow to US$ 18.1 billion in 2022 and US$ 27.6 billion in 2032.
Using the best shipping tape is crucial to preventing accidents in any organisation where delivering products is done frequently. For mailing and shipping packages that could encounter several rough handling or contact points, shipping tapes are excellent.
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When it comes to tapes, every company, customer, manufacturer, retailer, and distributor could have various tastes and requirements. Shipping tapes come in a variety of styles with a range of adhesives and materials. According to the needs of the customer, shipping tapes are simply customizable. Additionally, printing that can be customised on shipment tapes will support international brand identification.
Growth will be aided by rising demand for third-party logistics providers (3PL) equipped with contemporary technologies to guarantee seamless execution in the supply chain. Businesses are clamouring for an innovative packaging solution that would save costs and facilitate effective supply chain management. Shipping tapes assist in preserving the packaged items’ integrity and safety along the supply chain, which will increase market sales.
It will be easier to track down packages if novel shipping tapes with barcode labels are available. Additionally, it is a quick and dependable choice for firms to gather data and lessen human error.
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Shipping Tapes Market Outlook by Category
By Adhesive Type:
- Natural Rubber
- Acrylic
- Others (Hot Melt, Water-Activated Tape, etc.)
By Backing Material:
- Paper
- Plastic
- Others (Metal Foil, Glass Fiber, etc.)
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By End Use:
- Food & Beverages
- Pharmaceuticals
- Building & Construction
- E-Commerce
- Cosmetics & Personal Care
- Electrical & Electronics
- Shipping & Logistics
- Others (Textile, Agriculture, etc.)
Key Players
- 3M Company
- Intertape Polymer Group Inc.
- Shurtape Technologies LLC
- tesa SE Group
- Nitto Denko Corp
- Papertec, Inc.
- Holland Manufacturing Co. Inc.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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