Carton Sealing Adhesive Tape Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Coating Technology (Water-Based, Solvent-Based, Hot-Melt, Other), By End User Industry (Consumer Electronics, Travel and Transportation/Logistics, Healthcare, Retail, Construction, Automotive, Others), And By Geography - Forecasts From 2022 to 2027

The carton sealing adhesive tape market was evaluated at US$30.749 billion in 2020 and is growing at a CAGR of 6.11% to reach a market size of US$46.582 billion by 2027.

Adhesives are synthetic compounds that are used to adhere to things. These are the materials that are utilized to firmly hold two surfaces together for an extended period. The carton sealing tapes are, as the name implies, tapes that are used to pack cartons. Carton sealing or packaging tapes are pressure-sensitive tapes composed of a pressure-sensitive adhesive placed on a backing material (typically polypropylene or polyester film) and fiberglass filaments. There is a large selection of carton sealing tapes available on the market, which can be purchased both online and offline.

Increasing demand from end-users such as food and beverage industries will boost the market

The safety of single parcel shipments has become an important concern for companies in the e-commerce business since so many consumer goods are shipped in single parcel shipments. As a result, these tapes are an ideal choice for such players, assuring good package sealing ability and closure. The value of the carton sealing tape market is increasing as wholesalers and distributors require more packaged food and beverage items in bulk. Increased demand for water-activated carton sealing tapes for commercial and industrial applications, as well as the growth and expansion of the food and beverage industries, will boost the market value of carton sealing tapes. Other indirect factors driving the carton sealing tape market growth rate include the growth and expansion of the e-commerce industry, particularly in developing economies, the rise in consumer preferences for retail formats, the ever-increasing global population, and increasing personal disposable income. In the long run, rising consumer demand will also provide growth opportunities.

Growth of E-commerce is anticipated to propel the demand

Due to increased demand from the e-commerce industry for the packaging of various shipments, the carton sealing segment is expected to account for considerable revenue growth in the target market in the coming years. Due to its qualities, such as sealing hefty cartons and bundles of unpacked products that are used for transporting, shipping, and distribution in the e-commerce business, easy-to-use carton sealing is the right answer owing to its versatility. As a result, the usage of sealing and strapping packing tapes increased as the e-commerce business accelerated. According to the International Trade Administration, there were over 27 million e-commerce users in Canada in 2022 accounting for 75% of the total population of Canada. It is estimated that the percentage of the number of e-commerce uses will increase by 2.6% in 2025.

Variations in the pricing and raw material availability, on the other hand, may slow the growth rate of the carton sealing tape market. Recycling is a difficult and time-consuming operation, which will slow the growth of the carton sealing tape industry. The carton sealing tape market's development pace will be slowed by rising environmental issues and rigorous rules governing the usage of plastic.

Because of its qualities such as water resistance, high flexibility, high abrasion, and others, the polypropylene sector is expected to contribute the most revenue share contribution in the target market in the approaching years. The rubber-based adhesive sector is expected to increase at the fastest rate in the prospective market.

The carton packaging adhesive tape market is expected to be dominated by the Asia-Pacific.

 Asia Pacific is expected to hold the greatest share in terms of value. The region's growing logistics business, combined with an increase in online shopping, is likely to expand the use of sealing-strapping packaging tapes in the region. According to the National Development and Reform Commission (NDRC), the total value of social logistics increased 5.9% year on year at constant prices to CNY 163.8 trillion in the January-July (2019) period (about USD 23.1 trillion). Furthermore, the value of industrial product logistics increased 5.8% year over year to CNY 148.5 trillion.

Recent Developments

• Monta launched a new self-adhesive tape, the Monta bio pack, in February 2020. Monta bio pack is a sustainable self-adhesive tape made up of a bio-based film and a natural rubber adhesive made up of mostly renewable primary resources.
• In August 2022, EUKALIN Corporation, a German-based manufacturer of adhesives for the paper and film converting industries acquired 100% assets of Adhesive Specialists, Inc, based in the US. The Adhesive Specialist, Inc. is a producer of adhesives for many applications such as carton sealing, paper bag forming, and jar labeling among others. EUKALIN Corporation aims to expand its business in North American regions through this acquisition.

COVID-19 Impact

The carton sealing adhesive tape industry was impacted in 2020 as a result of the pandemic. Due to trade and transportation restrictions between countries, the upstream supply chain of carton sealing adhesives was damaged, since companies had difficulty obtaining raw materials such as glue and other chemicals from other companies. However, a drastic increase in end-user demand in some applications has significantly expanded the scope of this paper packaging. Some of the key drivers of the examined market that arose from the COVID-19 epidemic include an increase in food packaging and an ever-increasing need for corrugated packaging in growing e-commerce shipments. Packaging of groceries, healthcare supplies, and e-commerce shipments has seen a substantial surge in demand on e-commerce platforms.

Carton Sealing Adhesive Tape Market Scope:

Report Metric	Details
Market size value in 2020	US$30.749 billion
Market size value in 2027	US$46.582 billion
Growth Rate	CAGR of 6.11% from 2020 to 2027
Base year	2020
Forecast period	2022–2027
Forecast Unit (Value)	USD Billion
Segments covered	Coating Technology, End-User Industry, And Geography
Regions covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies covered	3M, Arkema Group, Ashland Inc., Avery Dennison Corp., DowDuPont, Wacker Chemie AG, Franklin International, Henkel, Permabond, The Gorilla Glue Company, Ardex, MAPEI
Customization scope	Free report customization with purchase

 

Key Market Segments

• By Coating Technology
  • Water-based
  • Solvent-based
  • Hot-Melt
  • Others
• By End-User Industry
  • Consumer Electronic
  • Travel and Transportation/Logistics
  • Healthcare
  • Retail
  • Construction
  • Automotive
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Others

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Frequently Asked Questions (FAQs)

Q1. What is the size of the global carton sealing adhesive tape market?
A1. Carton Sealing Adhesive Tape Market was valued at US$30.749 billion in the year 2020.

Q2. What will be the carton sealing adhesive tape market size by 2027?
A2. The global carton sealing adhesive tape market is projected to reach a market size of US$46.582 billion by 2027.

Q3. What are the growth prospects for the carton sealing adhesive tape market?
A3. The carton sealing adhesive tape market is projected to grow at a CAGR of 6.11% over the six years.

Q4. What factors are anticipated to drive the carton sealing adhesive tape market growth?
A4. Increased demand for water-activated carton sealing tapes for commercial and industrial applications, as well as the growth and expansion of the food and beverage industries, will boost the carton sealing adhesive tape market.

Q5. Which region holds the maximum market share in the carton sealing adhesive tape market?
A5. The Asia Pacific region is expected to hold the largest share in the carton sealing adhesive tape market owing to the growing logistics business, combined with an increase in online shopping, which is likely to expand the use of sealing-strapping packaging tapes in the region.

1. INTRODUCTION

1.1. Market Overview

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. CARTON SEALING ADHESIVE TAPE MARKET, BY COATING TECHNOLOGY

5.1. Introduction

5.2. Water-based

5.3. Solvent-based

5.4. Hot-Melt

5.5. Others

 

6. CARTON SEALING ADHESIVE TAPE MARKET, BY END-USER INDUSTRY

6.1. Introduction

6.2. Consumer Electronics

6.3. Travel and Transportation/Logistic

6.4. Healthcare

6.5. Retail

6.6. Construction

6.7. Automotive

6.8. Others

 

7. CARTON SEALING ADHESIVE TAPE MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Spain

7.4.6. Others

7.5. The Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. Israel

7.5.3. UAE

7.5.4. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. India 

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Taiwan

7.6.7. Others

 

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrative

8.3. Mergers, Acquisition, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

 

9. COMPANY PROFILES

9.1. 3M

9.2. Arkema Group (Bostik SA)

9.3. Avery Dennison Corp.

9.4. DowDuPont

9.5. Wacker Chemie AG

9.6. Franklin International

9.7. Henkel

9.8. Ardex

9.9. Intertape Polymer Group

3M

Arkema Group (Bostik SA)

Avery Dennison Corp.

DowDuPont

Wacker Chemie AG

Franklin International

Henkel

Ardex

Intertape Polymer Group