By the end of 2022, the market for heat sealing tape is projected to be worth US$ 20,196.0 Million. A CAGR of 4.8% has been predicted for the market over the forecast period of 2022 to 2032, with a predicted closing value of US$ 32,275.9 Million. The industry expanded at a value CAGR of 3.4% over the historical period of 2016–2021.
The demand for heat sealing tapes is increasing as e-commerce grows in industrialised nations like the United States and Germany and as online food and grocery delivery becomes more widely used.
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Heat Sealing Tape Market – Market Dynamics
The heat sealing tape market is expected to witness a healthy growth over the forecast period. Important factors contributing towards the growth of heat sealing tape market are that these tapes are economical, effective and are simple to use. Higher consumption and demand for food, industrial and consumer goods is expected to drive the growth in the heat sealing tape market.
Growth in ecommerce and increasing demand for online food and grocery delivery has also resulted in the higher demand for packaged food which in turn has widened the scope for growth in the heat sealing tape market.
Why is North America Emerging as an Opportunistic Heat Sealing Tape Market?
North America is expected to account for a 24% share in the heat sealing tape market in 2022. The market growth is attributed to the swelling need for consumer goods and packaged food and the availability of supermarkets and hypermarkets in the region. The United States and Canada are major contributors to the regional market.
According to a U.S Census Bureau estimate, total e-commerce retail sales in North America elevated by 7.8 percent in the first quarter of 2021 compared to the first quarter of 2020, reaching $1,581.4 billion, as the e-commerce industry is forecasted to expand in North America. The vast number of food service suppliers who are effectively digitalizing their operations is estimated to propel.
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Heat Sealing Tape Market – Regional Outlook
Based on the geographies, global heat sealing tape market is segmented into five key regions- North America, Latin America, Europe, APAC, and Middle East & Africa. Among the mentioned regions, Asia-pacific is expected to witness a healthy growth in the heat sealing tape, owing to the growth in the retail sector and food packaging industry in the region as compared to other regions.
Furthermore, the significant growth of pharmaceutical packaging in the region and a healthy FMCG (Fast Moving Consumer Goods) market along with rising investments from multinational companies to tap the growing needs of supermarkets and hypermarkets in the region is expected to bolster growth in the heat sealing tape market in this region.
North America and Europe are expected to witness above global average growth in the heat sealing tape market, while Latin America and Middle East & Africa market for heat sealing tape is anticipated to register slow growth over the forecast period.
Who are the Key Players in the Global Heat Sealing Tape Market?
Few of the major manufacturers identified across the globe in the heat sealing tape market are
- DuPont Teijin Films U.S Limited Partnership,
- National Plastics, Inc.,
- HEAT SEALING PACKAGING SUPPLIES & EQUIPMENT,
- HEAT SEAL, LLC.,
- Prairie State Group,
- Venus Packaging,
- Blisterpak, Inc.,
- Petra Manufacturing Company and Janco Inc, LLC.,
- Shenzhen Hero-PAK Technology Co., Ltd.,
- Guangzhou Xinghang Insulating Material Co., Ltd.,
- Cangnan Huaxiang Textile Co., Ltd.
Key development in the Heat Sealing Tape market is as follows:
- MELINEX® RFL1 was released in March 2021 by DuPont Teijin Films US Limited Partnership. It is a white polyester film that is highly reflective. This film is a biaxially oriented, glossy white polyester film (BOPET) with a gauge of 600. The pearlescent finish produces a brilliant white.
- Venus Packaging launched its VHIFTD in July 2022. It is an automatic heat sealer with three machine widths: 300mm, 450mm, and 600mm. All of these models provide an extra-strong 10mm wide seal.
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Key Segments Covered in the Heat Sealing Tape Industry Survey
Heat Sealing Tape Market by Adhesive Type:
- Hot Melt Adhesive Heat Sealing Tapes
- Pressure Sensitive Adhesive Heat Sealing Tapes
- Water Activated Adhesive Heat Sealing Tapes
- Other Adhesive Heat Sealing Tapes
Heat Sealing Tape Market by Tape Type:
- Waterproof Heat Sealing Tape
- Heat-Resistant Sealing Tape
- Antistatic Heat Sealing Tape
- Freon-Proof Heat Sealing Tape
- Moisture-Proof Heat Sealing Tape
- Aseptic Heat Sealing Tape
- Other Heat Sealing Tape Types
Heat Sealing Tape Market by Usage Type:
- Heat Sealing Tapes for Carton Sealing
- Heat Sealing Tapes for Masking
- Heat Sealing Tapes for Bag Sealing
- Heat Sealing Tapes for Other Usage Types
Heat Sealing Tape Market by Application:
- Heat Sealing Tapes for Food Products
- Heat Sealing Tapes for Healthcare Products
- Heat Sealing Tapes for Industrial Products
Heat Sealing Tape Market by Region:
- North America Heat Sealing Tape Market
- Latin America Heat Sealing Tape Market
- Europe Heat Sealing Tape Market
- Asia Pacific Heat Sealing Tape Market
- Middle East & Africa Heat Sealing Tape Market
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