The shipping tapes industry is growing due to the expansion of e-commerce, global trade, and logistics. Demand is fueled by the need for secure, durable, and tamper-evident packaging solutions. Key trends include the rise of biodegradable and water-activated tapes for sustainability, reinforced tapes for heavy-duty applications, and custom-printed tapes for branding.
Old Report Source: https://www.globenewswire.com/news-release/2022/07/06/2475255/0/en/Shipping-Tapes-Market-Value-to-Grow-by-Almost-US-27-6-Billion-during-2022-2032.html
Technological advancements in pressure-sensitive adhesives (PSA) and tamper-proof security features are gaining traction. Asia-Pacific dominates production due to cost advantages, while North America and Europe focus on eco-friendly innovations. Future growth will be driven by automation in packaging, smart tracking features, and increasing demand for sustainable shipping materials.
The global shipping tapes market is poised for significant growth, with an estimated value of USD 18.1 billion in 2022. The market is projected to expand at a compound annual growth rate (CAGR) of 4.3% through the forecast period, reaching a total valuation of USD 27.6 billion by 2032. Shipping tapes currently represent nearly 24% of the global tapes market, which is expected to be valued at USD 74.8 billion in 2022, according to the latest research from Future Market Insights (FMI).
E-Commerce Sector Fuels Demand for Secure Packaging Solutions
The rapid expansion of the e-commerce sector, alongside increasing online shopping activities worldwide, is a key driver for the shipping tapes market. As online retailers and consumers prioritize secure packaging, the demand for clear and robust shipping tapes is expected to soar. These tapes ensure the protection of goods throughout the entire supply chain, particularly during long-distance transportation.
Growing Importance of Package Security
Security is another vital factor propelling the market forward. Shipping tapes play a crucial role in safeguarding packages of all sizes during international and domestic shipping. Their strong adhesives prevent wear and tear, ensuring products arrive in pristine condition. Additionally, manufacturers utilize shipping tapes to prevent moisture and unwanted air from entering packages, minimizing the risk of spoilage.
Access Full Report: https://www.futuremarketinsights.com/reports/shipping-tapes-market
Outlook by Category
By Adhesive Type:
- Natural Rubber
- Acrylic
- Others (Hot Melt, Water-Activated Tape, etc.)
By Backing Material:
- Paper
- Plastic
- Others (Metal Foil, Glass Fiber, etc.)
By End Use:
- Food & Beverages
- Pharmaceuticals
- Building & Construction
- E-Commerce
- Cosmetics & Personal Care
- Electrical & Electronics
- Shipping & Logistics
- Others (Textile, Agriculture, etc.)
