Strapping Tapes Market
FMI Releases New Report on the Strapping Tapes Market 2017-2027
Over the past few years , packaging industry has witnessed a substantial growth . Innovation is driving the packaging tapes market as manufacturers are frequently developing new and innovative tapes to have a competitive edge . Strapping tapes are being increasingly accepted by the various manufacturers of food & beverages and electronics manufacturer for its important properties like sealing heavy boxes and bundling of unpacked products . Other advantages associated with strapping tapes are that it provides good shear and initial adhesion , provides longer package life due to the presence of filaments and adhesions , and allows printing and illustrations to be seen through tape . Strapping tapes keeps cartons and boxes from moving in transit and reinforces packaging bearing significant weight . These tapes are best suited for palletizing , unitizing , bundling and color coding etc .
Strapping tapes : Market Dynamics
Strapping tapes market is expected to grow at a healthy CAGR over the forecast period primarily driven by the growth in automotive sector and electrical sector . In addition , the growing usage of strapping tapes in sports equipments further fuels the growth in the strapping tapes market . The features such as convenience to use , multi functionality , resistant to tears , easy removability without marks etc . drives the demand in the strapping tapes market . Furthermore , these tapes are an economical alternative to plastic and metal strapping , which might attract the users of other form of strapping and can result in an expanded customer base and hence can further drive the growth in the strapping tapes market . Even though these tapes are very effective for heavy packaging purpose , however , they are considered as one
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