The global shipping tapes market is poised for significant growth, driven by the e-commerce surge and rising demand for customization. According to a recent industry report, the market is expected to reach a valuation of US$18.1 billion in 2022 and expand at a CAGR of 4.3% by 2032. This translates to a projected market size of US$27.6 billion by the end of the forecast period, reflecting a substantial 1.6x increase from current levels.
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E-commerce Fueled Demand for Secure Packaging
The rapid expansion of the e-commerce sector is a key driver of this growth. As online shopping activities continue to rise globally, the need for secure packaging solutions becomes increasingly critical. Robust mail packages with strong shipping tapes ensure the protection of goods throughout the entire supply chain, from storage to transportation and final delivery.
Growing Importance of Package Security
Security is another vital factor propelling the market forward. Shipping tapes play a crucial role in safeguarding packages of all sizes during international and domestic shipping. Their strong adhesives prevent wear and tear, ensuring products arrive in pristine condition. Additionally, manufacturers utilize shipping tapes to prevent moisture and unwanted air from entering packages, minimizing the risk of spoilage.
Customization Trend Enhances Brand Recognition and Customer Experience
The growing trend of customization in shipping tapes presents exciting opportunities for market growth. Customized tapes not only enhance brand recognition but also demonstrate a company’s commitment to detail. They can be used to convey important information like safety warnings and handling instructions directly on the packaging. Furthermore, customized tapes can encourage customer interaction by incorporating contact details such as phone numbers, email addresses, and website URLs. The development of innovative designs and materials further broadens the appeal of customized tapes, leading to a superior unboxing experience and fostering a stronger emotional connection between brands and customers.
Looking Ahead
The confluence of the e-commerce boom and the rising demand for customization is set to propel the global shipping tapes market in the coming decade. This trend presents a significant opportunity for manufacturers and suppliers to develop innovative solutions that cater to the evolving needs of the e-commerce sector and enhance the overall customer experience.
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Security-Driven Packaging Trends in Pharmaceutical and Food Industries to Drive the Shipping Tapes Industry
Counterfeiting and low shelf life of products are two major concerns of end users, especially during long distance transits. To ensure safe deliveries, it is essential to adopt secure packaging solutions. Fluctuation in temperature and harsh environmental conditions can contaminate the product. Thus, the need to seal containers is important, which is further encouraging manufacturers to use shipping tapes for sealing their packages.
Pharmaceutical shipments require secure tertiary packaging to ensure that the products arrive undamaged. Many lives are dependent on the packaging that protects drugs during their shipment.
Security in packaging is critical for the pharmaceutical sector. If the shipment does not go as planned, it can harm the patient’s health as pharma products must arrive within the required storage conditions and at the right time. Shipping tapes help in safeguarding the outer packaging and maintaining the integrity of the package, which would drive the market..
Key Takeaways:
- As per end use, the e-commerce segment is expected to generate a shipping tapes industry share of 24% by 2032 with rising preference among people for online shopping.
- Sales of acrylic adhesives are expected to increase 1.5x the current sales owing to their low cost and wide accessibility in end-use industries.
- South Asia & East Asia are set to be the biggest markets for shipping tapes due to increased shopping through e-commerce platforms.
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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.)
By End Use:
- Food & Beverages
- Pharmaceuticals
- Building & Construction
- E-Commerce
- Cosmetics & Personal Care
- Electrical & Electronics
- Shipping & Logistics
- Others (Textile, Agriculture, etc.)
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.
About Future Market Insights (FMI)
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