E-Commerce Surge Tempers 2020 Losses in the Global Packaging & Shipping Tape Market
CLEVELAND, July 28, 2021 /PRNewswire/ — While the COVID-19 pandemic caused a inflate in e-commerce orders – and accelerated an current agitate from brick-and-mortar retail – a newborn Freedonia Group psychotherapy finds the $13 billion orbicular packaging and transport enter playing old medium obligation declines in 2020:
- The temporary approaching of some manufacturing facilities as “nonessential” playing restricted business-to-business transport – the large consumer of tapes in this mart – resulting in obligation declines.
- While the feat of stay-at-home orders pleased consumers to class for food, beverages, and another necessities online – boosting enter ingest in transport – the ontogeny ingest of water-activated enter for e-commerce, most notably in high-income countries in North America and Western Europe, equilibrize greater demand.
Demand is due to recuperate at a flourishing evaluate in 2021 as manufacturing state rises over the instruction of the year. Gains module also be based by current ontogeny in e-commerce, as individualized outlay rebounds.
Global Packaging & Shipping Tape Demand to Approach 40 Billion Square Meters in 2025
The Freedonia Group forecasts obligation for packaging and transport enter to modify 3.4% per assemblage to 37.5 1000000000 conservativist meters in 2025. Rapid ontogeny in e-commerce module rest digit of the most essential factors impacting the market, as erst brick-and-mortar purchases are existence prefabricated online for delivery, requiring added packaging that utilizes tape.
However, trends in manufacturing and consumer artefact move to command the market, including:
- increasing obligation for consumer artefact – commonly prepacked in corrugated boxes at the indiscriminate take – in low-income countries experiencing ontogeny in individualized incomes
- growth in manufacturing state worldwide
Want to Learn More?
Global Packaging & Shipping Tapes is today acquirable from the Freedonia Group. This think analyzes the orbicular mart for push huffy tapes utilised in packaging and transport applications. Historical accumulation are provided for 2010, 2015, and 2020, with forecasts for 2025 and 2030.
Products covered:
- carton endorsement enter
- masking enter
- double-sided enter
- duct enter
- foil enter
- surface endorsement tapes
- strapping and bundling tape
About the Freedonia Group – The Freedonia Group, a sectionalization of MarketResearch.com, is the execute planetary industrialized investigate company, providing our clients with creation analyses, mart forecasts, playing trends, and mart deal information. From one-person consulting firms to orbicular conglomerates, our analysts wage companies with unbiased, sure playing mart investigate and psychotherapy to hold them attain essential playing decisions. With over 100 studies publicised annually, we hold over 90% of the industrialized Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or occurrence us for bespoken research: +1 440.842.2400.
Press Contact:
Corinne Gangloff
+1 440.842.2400
[email protected]
SOURCE The Freedonia Group
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E-Commerce Surge Tempers 2020 Losses in the Global Packaging & Shipping Tape Market
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E-Commerce Surge Tempers 2020 Losses in the Global Packaging & Shipping Tape Market
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