According to projections, the global market for security tape will be valued at US$ 19,898.1 million by 2032, up from US$ 15,904.0 million in 2022, growing at a CAGR of 2.3% between 2022 and 2032.
Security tape is increasingly in demand since it is primarily employed in the packaging business for package protection, which prevents unauthorised access to the finished product and establishes an asset as a genuine product. Additionally, the ability to customise security tapes based on the print to meet the needs of the end user might be blamed for the increased sales of security tape.
Security tape is anti-tampering seal for bags, cartons, electrical & electronic, letters and many other containers. The security tape primary function is to show tamper being torn or broken.
The removal of security tape shows misalignment or broken seal on the affixed surface as well as on the security tape as an indication of tamper removal of the package. Security tape is mainly used for packaging protection in the packaging industry to avoid unauthorized access to the final product and secure asset as a genuine product. The security tapes can be customized according to the print as per the requirement by the end user. Adding serial number, QR code as a part of shipping document, diagonal lines to indicate slitting and copyright trademark as customized tape offers more security to the package. The security tape gives the strength to the sealed product, and destructive bond in the tapes result from the package be tamper evident.
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Global Security Tape Market: Region Wise Outlook
The global security tapes market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). The driving factor such as unique tamper evident properties is expected to support growth in the global security tape market over the forecast year.
North America holds a dominant position in the global security tape market owing to developed packaging industry in the region which requires security tape to meet and surpass the unauthorized access to the product. Europe holds second major share in the global security tape market is owing to the speed up in packaging with the security tape and primary advantage of protection to the packaging. Moreover, demand for tamper evident technologies continues to grow at a higher rate in the region increasing the growth factor in the region. Thus the developed region in North America and Europe will witness healthy CAGR during the forecast period. APEJ and Japan security tape market is estimated to have high demand of security tape owing to the successful application in the healthcare, pharmaceutical and chemical industry that gives the tamper counterfeit to the package thus gives the expired products to be protected from reuse.
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Global Security Tape Market: Prominent Players
Few of the prominent players in the Security Tapes market are as follows
- 3M Company
- Protectaseal Ltd.
- Securitypack co. ltd.
- Terakom Enterprises Inc.
- Horizons, Inc.
- Amck Industries Corporation
- SHEP Company, Inc.
- TN Tapes
- Seal King Industrial Co., Ltd.
- TamperSeals Packing (RU) Co., Ltd.
- Hira Holovision
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil and Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, and Rest of MEA)
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 and geographies.
Global Security Tape Market: Segmentation
Based on type: Global Security tape market is segmented into
- Void/Tamper evident tape
- Gummed tape
Based on material: Global Security tape market is segmented into
- Paper
- Plastic
Based on adhesive: Global Security tape market is segmented into
- Permanent adhesive
- High/low temperature performance adhesive
- Reversible Thermochromic inks
Based on application: Global Security tape market is segmented into
- Pharmaceutical products
- Chemicals
- Spare part
- Luxurious goods
- Electrical and Electronic goods
Based on End-use Industry: Global Security tape market is segmented into
- Government & Defense
- Retail
- Food & Beverage
- Healthcare
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.
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