Rigid packaging is typically preferred when it comes to protection of product from external shocks. World rigid packaging market is estimated to be over US$ 589 Bn in 2017 and carton holds a significant part of the world rigid packaging. The use of carton on such a large scale is the key driver for carton sealing tapes across the globe.
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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Carton Sealing Tape 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 Carton Sealing Tape 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 Carton Sealing Tape Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Carton Sealing Tape 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 Carton Sealing Tape 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 Carton Sealing Tape 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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Carton Sealing Tape Market: Segmentation
Based on the product type, carton sealing tape market is segmented into:
- Water Activated Tape
- Pressure sensitive Tapes
Based on the material type, carton sealing tape market is segmented into:
- Paper
- Plastic
- PP
- PE
- Others
Based on the adhesive type, carton sealing tape market is segmented into:
- Starch
- Rubber Based Adhesive
- Natural
- Synthetic
- Acrylic Adhesive
Based on the end use industry, carton sealing tape market is segmented into:
- Food and Beverages
- Cosmetics and Personal Care
- Homecare
- Pharmaceuticals
- Chemical
- Electrical and Electronics
- Shipping and Logistics
- Others (Medical, automotive, etc.)
Carton Sealing Tape Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Carton Sealing Tape market. Competitive information detailed in the Carton Sealing Tape 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 Carton Sealing Tape market report.
Some major players of the carton sealing tape market are 3M Company, Berry Global, Inc., Intertape Polymer Group Inc., Apollo Industries, Can-Do National Tape, Pro Tapes & Specialties, Inc., Vibac Group S.p.a., World Packaging Co., Inc., Primetac Corporation, Powerpack LLC, Bagla Group, Nitto Denko Corporation and Advance Tapes International.
Important Questions Answered in the Carton Sealing Tape Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Carton Sealing Tape market been expanding during the forecast period?
- How will the global Carton Sealing Tape market look like by the end of the forecast period?
- What innovative strategies are adopted by Carton Sealing Tape market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Carton Sealing Tape market?
For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-5975
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 Carton Sealing Tape market
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