Shipping Tapes Market Demand Analysis, Future Business Growth 2032...

Shipping Tapes Market Demand Analysis, Future Business Growth 2032

Posted 2024-09-10 19:39:43

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The global shipping tapes market, currently valued at USD 17.6 billion in 2022, is projected to grow at a CAGR of 4.3% during the forecast period, reaching USD 27.6 billion by 2032.

The expansion of the e-commerce sector and rising global online shopping activities are major drivers of growth in the shipping tapes market. With the need for secure packaging in e-commerce becoming more critical, shipping tapes are gaining popularity due to their role in protecting goods throughout the entire supply chain, including during transportation. The demand for reliable, strong packaging solutions is expected to propel the use of clear shipping tapes, which are ideal for safeguarding a variety of packages, particularly lightweight products.

E-commerce Fueled Demand for Secure Packaging

The rapid expansion of the e-commerce sector is a key driver of this growth. As online shopping activities continue to rise globally, the need for secure packaging solutions becomes increasingly critical. Robust mail packages with strong shipping tapes ensure the protection of goods throughout the entire supply chain, from storage to transportation and final delivery.

Security-Driven Packaging Trends in Pharmaceutical and Food Industries to Drive the Shipping Tapes Industry

Counterfeiting and low shelf life of products are two major concerns of end users, especially during long distance transits. To ensure safe deliveries, it is essential to adopt secure packaging solutions. Fluctuation in temperature and harsh environmental conditions can contaminate the product. Thus, the need to seal containers is important, which is further encouraging manufacturers to use shipping tapes for sealing their packages.

Pharmaceutical shipments require secure tertiary packaging to ensure that the products arrive undamaged. Many lives are dependent on the packaging that protects drugs during their shipment.

Security in packaging is critical for the pharmaceutical sector. If the shipment does not go as planned, it can harm the patient’s health as pharma products must arrive within the required storage conditions and at the right time. Shipping tapes help in safeguarding the outer packaging and maintaining the integrity of the package, which would drive the market..

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