Seal Adhesive Tape Market Scope
Growing demand for packaged food will help to boost global Seal Adhesive Tape market. Sealing Tape, also called as Insulating Tape, Weather Tape or Gasket Tape. Seal adhesive tapes are extensively used owing to their uniform thickness & gasp filling properties, capability to eliminate the requirement for fasteners and capability to bond dissimilar substrate. It is mostly used in various application including specifically packaging and carton sealing. Additionally, it is used in food packaging, processing, and handling, lamination and sealing.
According to AMA, the Global Seal Adhesive Tape market is expected to see growth rate of 6.67% and may see market size of USD90.12 Billion by 2026.
The Vendors having a strong hold in the market are Avery Dennison Corporation, 3M Company, Nitto Denko, Intertape Polymer, and Tesa SE. Research Analyst at AMA estimates that North America Vendors will contribute to the maximum growth of Global Seal Adhesive Tape market throughout the predicted period.
Avery Dennison Corporation (United States), 3M Company (United States), Nitto Denko Corporation (Japan), Intertape Polymer Group (Canada), Tesa SE (Germany), Scapa Group Plc (United Kingdom), Shrutapes (United States), Nichiban (Japan), Mactac (United States) and Wuhan Huaxia Nanfeng Adhesive Tapes (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Saint-Gobain Performance Plastics Corporation (United States), Canadian Technical Tape Ltd. (Canada), Ahlstrom USA, Inc. (United States), PPI Adhesive Products (C.E.) s.r.o. (United States), PPM Industries SpA (Italy), Berry Global Group Inc. (United States) and Cintas Adhesivas Ubis, S.A. (Spain).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Seal Adhesive Tape market by Type (Single Side and Double Side), by Application (Carton Sealing and Strapping & bundling) and Region with country level break-up.
On the basis of geography, the market of Seal Adhesive Tape has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
- Growing Outdoor Applications such as Automotive Rims and Signage Boards
- Rising Adoption of Adhesive Tapes in Electronics Equipment Manufacturing
- Provides Comparatively Superior Waterproofing and Excellent Adhesion
- Upsurging Adoption of Adhesive Tapes in Packaging Industry
- Resistance to Chemicals, High Temperatures, and Insulating Properties will Further Create Opportunities
- Robust Increase in the Raw Material Prices
- Comparatively Minimal Strength than Welding and Mechanical Fastening
- Threat of Cheaper Substitute packaging methods such as; Heat Sealing Packaging
- Stringent Government Regulations regarding PVC or Plastic Based Adhesive Tapes
Key Target AudienceSeal Adhesive Tape Manufacturers, Seal Adhesive Tape Distributors and Traders, Seal Adhesive Tape Upstream and Downstream Buyers, Packaging Industry Associations, Government Agencies and Others