Strapping Tapes Market Size, Share | Industry Report [2031]

Report Description

The global strapping tapes market size was USD 21.6 Bn in 2022 and is likely to reach USD 32.23 Bn by 2031, expanding at a CAGR of 4.5% during 2023–2031. The market growth is attributed rising usage of strapping tapes in the electrical, logistics, and automotive sectors.

Strapping tape is a type of pressure-sensitive tape that is highly durable and has excellent load-bearing capacity. It is used for bundling items together and is used in industries that involve processes such as shipping, logistics, construction, and manufacturing. It is also referred to as bundling tape or filament adhesive tape.

Get Free Sample Report

The strapping tape consists of three primary components, the backing material, filaments, and adhesive. The backing material of a strapping tape is usually made of polyester (PET) film or polypropylene (plastic). These materials are used in the manufacture of strapping tapes owing to their strength and resistance to puncture and tear.

The embedded filaments in the filament strapping tapes are its most prominent feature. These filaments are made of plastic or fiberglass which makes the tape durable and strong. The filaments are set lengthwise along the tape’s backing material in order to provide high tensile strength and resistance against stretching. This type of formulation makes it perfect for applications that require strong and secure packaging or bundling for heavy and bulky materials.

The adhesive used for sealing and strapping packaging tapes is a pressure-sensitive adhesive as it provides strong bonding to the surface. As the adhesive is applied on one side of the polypropylene backing material, the tape is able to adhere to a wide range of surfaces such as metal, cardboard, plastic, and wood.

The strength and durability are key properties of these tapes owing to this the adhesive strapping tape is used for packaging and bundling purposes. It keeps the goods secure during transportation, storage, and handling by preventing any damage or deformation of goods. It is extremely economical and versatile in application. Different grades of strapping tapes are available with varying thicknesses, widths, and filament densities to accommodate different needs.

The COVID-19 pandemic impeded the strapping tapes market, as the supply chain & logistics activities in various industries were limited due to the lockdown. Further, a shortage of labor owing to infection fears hindered the activities of end-user industries, which affected the demand for strapping tapes. For instance, the complete shutdown of construction and production operation in several sectors around the world resulted in a slowdown of the market.

Strapping Tapes Market Dynamics

Get Free Sample Report

Major Drivers

Increasing Industrialization and rapid growth of the packaging sector are some of the key factors expected to boost the market during the projection period. The rapid growth of various industries such as logistics, e-commerce, manufacturing, and construction leads to the increased demand for strapping tapes. These tapes are widely used due to the convenience of usage and versatile nature. They are highly flexible, cost-effective, and tear-resistant.

The growth of e-commerce platforms such as eBay and Amazon has had a dramatic impact on the increase in the use of strapping tapes. Not only do these tapes provide secure and damage-free delivery during long shipments, but they also do not require any additional solvent, water, or heat to maintain effective adhesion. Their lightweight and easy-to-use nature makes them a prime choice for storing and shipping for various industries.

Rising demand in the industrial and logistics sector is projected to boost market growth. The strapping tapes have a wide range of use in industries from automobile manufacturing to e-commerce for efficient logistics, warehousing, and manufacturing. These sectors require reliable materials to make the packaging secure for cartons, pallets, and heavy loads. Strapping tapes with high tensile strength, excellent durability, and adhesion are anticipated to be in high demand.

Existing Restraints

Stringent government regulations and rising environmental concerns are projected to hinder the strapping tapes market. The material used in strapping packaging tape backing is polypropylene or polyester, which is non-biodegradable. The synthetic rubber used in the adhesive is toxic and often consists of volatile organic compound (VOC) vapors that can cause multiple health problems such as headache, nausea, throat irritation, loss of basic coordination, and even damage to the organs such as kidneys and liver.

• Regulatory bodies such as the European Union (EU), Control of Substances Hazardous to Health (COSHH), and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) are posing numerous challenges in the manufacture of strapping tape owing to its health affecting reasons.

Emerging Opportunities

Advancement in packaging techniques with an increased focus on product safety is anticipated to create growth opportunities for the market during the forecast period. The continuous efforts for improving the packaging material have led to increased safety of goods. As a result, the strapping tape provides better packaging, sealing, and bundling capabilities. This ensures that the products remain intact and secure throughout the supply chain operations.

High demand for product innovation and customized solutions are expected to create favorable growth prospects for the market players during the assessment period. These new innovations are likely to meet the demand for cost-effective and sustainable solutions.

The development of strapping tapes with improved adhesion and UV resistance has the potential to attract end-users looking for innovative solutions. Furthermore, the customization options in terms of breadth, thickness, color, and material cater to various industries such as food & beverage, electronics, furniture, kitchen appliances, and even toys.

Scope of Strapping Tapes Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Strapping Tapes Market Segment Insights

Material Type Segment Analysis

In terms of material type, the strapping tapes market is divided into polypropylene, polyester, polyethylene, and others. The polypropylene segment is anticipated to generate a major revenue share of the market during the projected period due to its extensive use in various industries. Its properties such as high flexibility, abrasion resistance, excellent water resistance, and superb impact make it reliable for usage in industries such as automotive and shipping & logistics among others.

The polyethylene segment is expected to demonstrate considerable growth in the coming years owing to its outdoor applications such as the food & beverage industry where exposure to the outside elements is a primary concern. Its flexible and elongation properties make it suitable for application on irregular surfaces and provide excellent resistance to UV radiation and weather. Furthermore, as polyethylene is lightweight and highly cost-effective, it is increasingly becoming the prime choice for different applications and purposes in all walks of life. 

Get Free Sample Report

Adhesive Type Segment Analysis

On the basis of adhesive type, the global market is segregated into natural rubber, synthetic rubber, modified synthetic rubber, and others. The natural rubber segment is anticipated to register a robust growth rate during the forecast period owing to its high adherence properties.

The natural rubber strapping tape can adhere to numerous types of surfaces such as plastic, metal, and cardboard, among others. It works well not only in harsh and humid environments but also in extreme temperatures. This makes it a reliable adhesive even when no other adhesive works.

End-user Segment Analysis

On the basis of end-user, the strapping tapes market is segmented into shipping & logistics, food & beverages, electronics, home and office furniture, kitchen appliances, automotive, oil & gas, toys, metalworking, and others. The shipping & logistics segment is anticipated to expand at a high CAGR during the forecast period as the strapping tapes play a major role in sealing and packing large packages before they are shipped across the globe. It makes the packaging secure & durable and ensures that the product is properly stored so that it can arrive at the destination unharmed.

The automotive segment is anticipated to expand at a significant growth rate during the projection period due to the wide range of applications of strapping tape in the automotive industry. It is involved in numerous automotive applications including dent repairs, resist lifting, curling, and other repair & manufacturing processes. For instance, the development of lightweight electric vehicles requires adhesive solutions with improved adhesion and better temperature resistance.

Get Free Sample Report

Regional Analysis

In terms of region, the global strapping tapes market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia-Pacific is expected to dominate the market during the projection period as there is the easy availability of raw materials required for the manufacture of strapping tapes in this region. Moreover, factors such as rapid urbanization, advancement of industrial infrastructure, development of seamless supply and distribution chain, increasing per capita income, and increase in e-commerce activities have led to rising consumer demand for various products, boosting supply chain activities and consequently strapping tape use in packaging.

North America is expected to have a considerable increase in demand for strapping tapes due to its well-developed industrial framework, the presence of several key players in the market, seasoned supply chain management, and the development of biodegradable products. The increase in environmental awareness and the increasing demand for environmentally friendly products is expected to further market growth.
 

Get Free Sample Report