Strapping tapes market is expected to grow at a healthy CAGR over the forecast period primarily driven by the growth in automotive sector and electrical sector. In addition, the growing usage of strapping tapes in sports equipments further fuels the growth in the strapping tapes market.
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FMI, in its upcoming business report, elaborates the historical and current scenario of 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.
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.
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 5975a distinct competitive edge.
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Strapping Tapes Market: Segmentation
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
Strapping Tapes Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Strapping Tapes market. Competitive information detailed in the Strapping Tapes market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Strapping Tapes market report.
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.
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
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