The global packaging tapes market is expected to grow at a CAGR of 5.34%.
The global packaging tapes market is expected to grow at a compound annual growth rate (CAGR) of 5.34%, according to latest recent market study from Technavio.
Parcel tapes will reportedly account for the maximum share owing to their different applications in industries such as automotive and food and beverage. The most commonly used parcel tapes are mainly used for the packaging of corrugated boxes, and common enclosing or sealing. Corrugated boxes are used for packaging applications in almost all industries, such as food and beverage, electronics, and chemical. This makes parcel tapes the most widely used tapes in the packaging industry.