The global packing tape market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2033. According to Future Market Insights (FMI), the market is anticipated to expand from US$ 22.8 billion in 2023 to US$ 36.5 billion by 2033, driven by increasing demand for secure and …
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Packing Tape Market Demand is Growing by E-Commerce, Food & Beverages Industry
The packing tape market is supposed to heighten at a CAGR of 4.8%, from USD 21.8 billion out of 2022 to USD 34.9 billion through 2032. Owing to the lack of transportation and the scarcity of raw resources, expansion of the packing tape market has been hampered. Even for the E-Commerce sectors, transportation was not an option. The packing …
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