Packaging Tapes Market Share, Size, Trends and Growth to 2020

Technavio Announces the Publication of its Research Report Global Packaging Tapes Market 2016-2020

Technavio recognizes the following companies as the key players in the global packaging tapes market: 3M, Avery Dennison, Henkel, Nitto Denko, and Tesa.

Other Prominent Vendors in the market are: Advance Tapes International, Adhesives Research, Bostik, Dow Corning, Evans Adhesive, Franklin International, H.B. Fuller, Intertape Polymer, Lintec, Lohmann, LORD, MACtac, Hexion, Nova Films and Foils, Powerband, Royal Adhesives & Sealants, RPM International, Scapa, and Shurtape Technologies.

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Commenting on the report, an analyst from Technavios team said: Growing demand for printed packaging tapes will be a key trend for market growth. With growing demand from the packaging industry, the printed packaging tapes market is growing. Printed packaging tapes are in high demand because of the need to differentiate products for easy identification and marketing purposes. The printed packaging tapes market was valued at approximately $23 billion in 2015 and is expected to grow at a CAGR of around 6% during the forecast period.”

According to the report, use of multiple packaging tapes in diverse industries will be a key driver for market growth. One of the main factors that affects the market positively is the growing demand for packaging tapes in a variety of applications. An increase in the availability of innovative designs and materials used in the packaging tapes market has increased the use or application of packaging tapes in various industries. Industries such as automotive, retail packaging, food and beverage, and e-commerce are putting packaging tapes to multiple uses. The demand for high-quality tapes such as filament tapes is increasing in the automotive industry.

Further, the report states that the production techniques involved in the...