Parcel Tapes Market – Overview
The parcel tapes market is gaining strong pull from the market due to the massive growth of the retail industry. Almost every industry need parcel tapes for basic packaging purpose during transportation. The challenges such as light weight and UV resistance based materials are highly demanded by the end use customers of the parcel tapes. Numerous innovative technologies and machineries are being used worldwide by the manufacturers for parcel tapes to reduce the time taken by the products to reach the market. The innovative parcel tapes has absolute transparency, better adhesion, clean positioning and high aging resistance, due to these features parcel tapes market has rising growth in the forecasted period. To increase the aging resistance variety of adhesives for parcel tapes are used. The Low temperate with pressure sensitive acrylate based adhesives helps to provide easy labelling of the parcel tapes and furthermore, ultra-violate acrylate adhesive perform far better for demanding parcel tapes. Due to the increasing demand of retail or online package delivery industries, parcel tapes market will witness strong market demand in the future.
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Parcel Tapes Market – Dynamics
Growth in demand for parcel tapes is expected to grow strongly for several reasons. The availability of various materials and designs in the parcel tapes market has boost its applications in few more industries. The industries such as retail packaging, food, beverages, automobile and e-commerce. In the automotive industry, the demand for parcel tapes with strong adhesives and good material quality is anticipated to increase in the forecasted period. The parcel tapes are widely accepted by food beverages and retail industry. However, there are few factors which affect negatively on the demand of parcel tapes. The availability of other options such as staplers and other adhesive tapes may hinder the performance of the parcel tapes in the market.
Furthermore, the food, beverages and automotive & transportation industry are the most exposed industries during the COVID-19 pandemic and is currently showing unusual uncertainty in the market. COVID-19 outbreak is witnessed to have a remarkable impact on the product demand and supply chain in the food and e-commerce sectors. This will impact on the growth of the parcel tapes market in the forecasted period. Overall, the global parcel tapes market is estimated to increase with notable CAGR during the forecast period.
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Parcel Tapes Market – Segmentation
On the basis of adhesive type, global parcel tapes market can be segmented as:
- Hot Melt
On the basis of distribution channel, global parcel tapes market can be segmented as:
- Online retail / E-commerce
- Convenience stores
On the basis of end use industries, global parcel tapes market can be segmented as:
- Food and Beverages
- Consumer Goods
- Others (FMCG etc.)
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Parcel Tapes Market – Regional Outlook
The global parcel tapes are expected to grow with healthy CAGR all over the world during the forecast period. North America has always been a dominant market for parcel tapes since last few decades. The parcel tapes has good received good demand from the European market, as the manufacturers from this region has timely introduced innovative products in last few years. Due to the increased purchasing power of the emerging regions such as the Middle East and Africa, East and South Asia, parcel tapes market demand has increased drastically. Also, increasing demand of online delivery food industry will boost the parcel tapes market demand in the forecast period. Overall, the global parcel tapes market is expected to remain positive during the forecast period.
Parcel Tapes Market – Key Players
Some prominent players in the global parcel tapes market are as below:
- The 3M Company
- Avery Dennison Corporation
- Henkel Adhesives Technologies India Private Limited
- Nitto Denko Corporation
- Tesa Tapes Pvt Ltd
- Advance Tapes International Ltd.
- Adhesives Research Inc.
- Bostik India Pvt. Ltd.
- Evans Adhesive Corporation
- Franklin International
- H.B. Fuller Company
- Intertape Polymer group
- Lintec corporation
- Lohmann GmbH & Co.KG
- MACtac Americas
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 an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on parcel tapes market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa (MEA)
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