Anticipated to secure a substantial 21% share by 2022, the North American security tape market is on a growth trajectory driven by the region’s well-developed packaging industry. The demand for security tape in North America arises from the stringent need to prevent unauthorized access to products, ensuring their safety and integrity during transit and storage.
This growth is further propelled by the presence of major end-use industries such as freight and logistics, pharmaceuticals, healthcare, food and beverage, and aviation. Nations like the United States and Canada, with their numerous industrial and production facilities, are increasingly favoring tamper-evident seals to enhance product safety and consumer convenience, ultimately expanding the market size for security tape.
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The global security tape market is on a path of consistent growth, with a projected increase in valuation from US$ 15,904.0 million in 2022 to a substantial US$ 19,898.1 million by 2032. This positive trajectory is underpinned by a Compound Annual Growth Rate (CAGR) of 2.3% during the decade.
The escalating demand for security tape primarily arises from its widespread use in the packaging industry, where it serves as a vital tool for protecting packages from unauthorized access and safeguarding the contents as genuine products. Notably, the ability to customize security tapes according to specific printing requirements is driving their increased adoption among end-users.
The outlook for the security tape market is buoyed by the added security provided through features such as serial numbers, QR codes incorporated into shipping documents, diagonal lines indicating tampering, and copyright trademarks. These elements fortify the seal’s integrity, and any destructive bonds within the tape act as a clear sign of tampering.
As security concerns continue to mount, the demand for tamper-evident security tape is expected to surge, primarily because it offers an affordable solution for theft prevention. It stands as a cost-effective alternative to setting up and maintaining extensive security camera systems in warehouse settings. Furthermore, the visual deterrent effect of security tape makes it challenging for criminals to breach packaging and reseal it unnoticed. Immediate void messages upon tampering further enhance the security tape’s appeal, highlighting its role in preserving package integrity and authenticity.
Security tape market is driven by the outperformance in the packaging industry. The technological advancement in security tapes such as tamper evident tape and gummed tape with the feasibility of anti-tampering seal protection to the package is driving the security tape market. Potential factor such as for deterring theft and the genuine asset is protected from the security tapes and rising the application of security tapes in the packaging industry.
Moreover, the adhesive used in security tape penetrates with the carton material to form a permanent bond which cannot be resealed after removal is another potential factor to the growth of security tape. Features like dusty environment, hot and cold temperature and high humidity doesn’t affect the security tape and survives the other climatic conditions which add a potential factor to the rise of security tapes.
The smart presentation through security tapes is relatively higher than pressure sensitive tape or standard adhesive tape. Owing to security tape doesn’t require multi-layer on the package which reflects neatness and customized print with a company logo or brand logo initiate low-cost opportunity to promote the company or the brand and is another potential factor the boosts the security tape market growth. The gummed paper type or water activated tape is fully recyclable and is biodegradable adds another potential advantage to growth of security tape being environmental friendly
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Prominent Players:
Few of the prominent players in the Security Tapes market are as follows
- 3M Company
- Protectaseal Ltd.
- Securitypack co. ltd.
- Terakom Enterprises Inc.
- Horizons, Inc.
- Amck Industries Corporation
- SHEP Company, Inc.
- TN Tapes
- Seal King Industrial Co., Ltd.
- TamperSeals Packing (RU) Co., Ltd.
- Hira Holovision
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil and Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Market Segmentation:
Based on type:
- Void/Tamper evident tape
- Gummed tape
Based on material:
- Paper
- Plastic
Based on adhesive:
- Permanent adhesive
- High/low temperature performance adhesive
- Reversible Thermochromic inks
Based on application:
- Pharmaceutical products
- Chemicals
- Spare part
- Luxurious goods
- Electrical and Electronic goods
Based on End-use Industry:
- Government & Defense
- Retail
- Food & Beverage
- Healthcare
Report Highlights:
- 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.
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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