Acrylic Packaging Tapes Market: An Overview
The acrylic packaging tapes are frequently used to wrap heavy load cartons and product packages. Industries are spending large amount of capital on in-transit conditions to preserve the goods which are transported and acrylic packaging tape helps in maintaining the integrity of the cargo. Acrylic packaging tapes are having properties such as high shelf-life, strength and capability of handling large quantities of weight product. Due to all these reasons, there has been a drastic rise in the consumption for the market.
Acrylic packaging tapes are used for many purposes but majorly for maintaining the integrity of the product packaged and securing the contents inside it. They are constructed with high shear adhesives which significantly increases the stress holding capacity of the tape. Nowadays new advances have made the product UV light resistant and also the acrylic packaging tape can hold any mass from light to heavy product industry. Resistance to direct UV light from sun will be a major factor for increase in sales of acrylic packaging tapes market.
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Acrylic Packaging Tapes Market: Dynamics
Acrylic packaging tape have numerous qualities due to which it is used predominantly in packaging industry to provide logistical support of heavy weight packaging cartons. Due to extensive number of uses and properties, the acrylic packaging tapes market is anticipated to rise in the coming future.
Qualities that pertain to the market such as longevity and durability of acrylic packaging tape over surfaces such as metal and polycarbonates will be responsible to augment the trade in this market. In addition to the fact that acrylic packaging tape doesn’t break up in contact with difficult conditions like high temperatures and direct UV light penetration are some of the reasons that increase the sales of acrylic packaging tapes in the market. Acrylic packaging tapes are considered a greener option in comparison to other substitutes and also retain the original colour in addition to age resistance. These factors are the reason for the spike in demand for acrylic packaging tapes in the forecasted period.
However, the cost factor will be the reason that restricts the growth of the market because acrylic packaging tapes are expensive in comparison to traditional rubber sealing tapes. The usage of plastics in the production of acrylic packaging tapes creates a large amount of waste which also creates stringent conditions for the growth of the market, these reasons will be the major cause for the drop in sales for the acrylic packaging tapes market.
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Acrylic Packaging Tapes Market: Segmentation
Based on thickness, the acrylic packaging tapes market is segmented into:
- Up to 0.04 mm
- 0.04 to 0.09 mm
- Above 0.09 mm
Based on product type, the acrylic packaging tapes market is segmented into:
- Single Sided
- Double Sided
Based on adhesive type, the acrylic packaging tapes market is segmented into:
- Water-based
- Solvent-based
Based on end-use industries, the acrylic packaging tapes market is segmented into:
- Food and Beverage
- Pharmaceuticals
- Cosmetic and Personal Care
- Shopping and Logistics
- Chemicals
- Homecare
- Electronics and Electricals
- Others
Acrylic Packaging Tapes Market: Regional Outlook
Asia Pacific region is forecasted to be the largest producer of acrylic packaging tapes and it also contributes the biggest market share, so to intercept it contributes to having a notable share in the acrylic packaging tapes market. Europe is predicted to have a mature market in respect to all other regions. North America is foreseen to follow the Asia Pacific in the acrylic packaging tapes market on the back of astonishing expansion and penetration of E-commerce and logistics sectors in the region. The middle east and Africa is subsequently increasing its consumption of basic amenities in food & beverage, electrical & electronics sector which has given rise to production of local products. This trend has anticipated to be beneficial for the rise of acrylic packaging tapes market in the forecasted period.
Acrylic Packaging Tapes Market: Key Players
Some of the global acrylic packaging tapes manufacturers: –
- The 3M Company
- tesa SE (Beiersdorf AG)
- Saint-Gobain Group
- Shurtapes Technologies LLC
- Vibac Group S.p.a.
- Primetac Corporation
- Can-Do National Tapes
Some of the APAC acrylic packaging tapes manufacturers: –
- Bagla Group
- Guangdong YueHui Technologies Inc.
- Yiwu Boham Technology Co. Ltd.
- Shenzhen Chengxing Packaging & Material Co. Ltd.
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