Global Sealing & Strapping Packaging Tapes Market
Global Sealing & Strapping Packaging Tapes Market was valued US$ 14.29Bn in 2019 and is expected to reach US$ 24.37 Bn by 2027, at a CAGR of 6.11% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Sealing & strapping packaging tapes are generally used by various end-user industries, subject to their beneficial features like sealing heavy boxes and bundling of unpacked products. Other benefits associated with the use of sealing & strapping packaging tapes include good shear strength, better adhesion property, elongated shelf life due to the existence of filaments & adhesive, and allowing of printing & illustrations seen through the tape.
Worthwhile application of these products in sports and outdoor apparel sector as a result of massive health awareness among the consumers and rise in the fitness activities will drive the sealing & strapping packaging tapes market growth in the years to come. Moreover, the rise in demand for protective clothing and accessories such as military, surgical/medical, and chemical protection garments are prominently leveraging the growth of sealing & strapping packaging tapes market.
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Last Update : May 04, 2021 5:09 AM
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