The global Strapping Tapes Market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
With 1000+ market research reports and 1 billion+ data points, Future Market Insights (FMI) serves each and every requirement of the clients operating in the global packaging industry. FMI deploys digital intelligence solutions to offer compelling insights to report buyers that help them in overcoming market challenges, especially at the time of a crisis. Our dedicated team of professionals performs an extensive survey for gathering accurate information associated with the market.
Crucial information and forecast statistics covered in the Strapping Tapes Market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
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COVID-19 Impact Analysis on Strapping Tapes Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Strapping Tapes Market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Strapping Tapes Market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Strapping Tapes Market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Strapping Tapes Market: Key players
Some of the key players in the global strapping tapes market are 3M, Global Packaging, Inc., Shurtape Technologies, LLC, TART, Müroll GmbH, Rapid Packaging Systems Ltd., Can-Do National Tape etc.
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The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments such as application, material, printing technology and geographies.
Strapping tapes: Market Segmentation
The global strapping tapes market is segmented on the basis end user, distribution channel, material type, adhesive type
Based on the end user the global strapping tapes market is segmented into:
- Food & Beverages
- Electronics
- Furniture
- Kitchen appliances
- Automotive
- Oil & gas
- Others (Toys, Metal working etc.)
Based on the material type the global strapping tapes market is segmented into:
- Polypropylene
- Polyester
- Polyethylene
- Others
Based on the adhesive type the global strapping tapes market is segmented into:
- Natural rubber
- Synthetic rubber
- Modified synthetic rubber
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Important Questions Answered in the Strapping Tapes Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Strapping Tapes Market been expanding during the forecast period?
- How will the global Strapping Tapes Market look like by the end of the forecast period?
- What innovative strategies are adopted by Strapping Tapes Market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Strapping Tapes Market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Strapping Tapes Market
Have a Look at Related Research Reports of Packaging:
Hydrocolloid Tapes Market: Hydrocolloid tapes are medical grade tapes which are used in surgical or wound care applications.
Filament Tapes Market: The global filament tapes market is estimated at USD 4.9 billion in 2022 and is projected to reach USD 6.6 billion by 2026, at a CAGR of 7.8% from 2022 to 2026.
Corrosion Protection Tapes Market: The global corrosion protection tapes market is likely to join the bandwagon of exponential growth between 2022 and 2031 at a CAGR of 4.4%, reaching US$ 1.8 Bn by the year 2031.
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The post Demand for Strapping Tapes Market is Expected to Grow at A Healthy CAGR Over the Forecast Period, Primarily Driven by The Growth in The Automotive Sector appeared first on Future Market Insights.
