Please Wait.....
Report
Europe Packaging Tapes Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 90 Pages I Mordor Intelligence
The European packaging tapes market is anticipated to register a CAGR of greater than 3% during the forecast period. COVID-19 hampered the growth of the packaging tapes market. Packaging tape businesses were developing revolutionary solutions that were environmentally benign, reusable, and biodegradable. But the concerns regarding the hygiene and safety of packaging tapes hindered the industry's transition to a more sustainable and circular supply chain. Currently, the packaging tapes market is recovered from the pandemic and is growing significantly.
Key Highlights
Over the short term, the rapid economic expansion and growing demand for packaging materials with high strength, toughness, and break strength have been projected to fuel the market's growth throughout the forecast period.
However, changes in environmental conditions are one of the limitations preventing the adoption of the packing tape market, which is expected to hamper the market growth over the forecast period.
Nevertheless, the use of packaging products in the food and beverage industry is expanding the market prospects. This is likely to create lucrative growth opportunities for the Europe packaging tapes market over the forecast period.
Europe Packaging Tapes Market Trends
Rising Demand in the Food and Beverage Industry
Packaging tapes can be transformed into adhesives for a variety of food and beverage applications, such as food packaging, beverage packaging, envelope manufacture, and flexible coverings. The operation of packaging tape is consistent regardless of adhesion technique.
Packaging tapes are applied to the seams and joints of various storage receptacles to keep cargo within the confines of the receptacle. These tapes are commonly used for sealing box seams in parcel delivery, sealing bottle lids and food containers, bundling similarly shaped goods into a larger, more manageable footprint, and encasing objects in a protective film or liner.
Owing to a desire for lightweight items, e-commerce expansion, an emphasis on sustainability, and better adoption rates for flexible packaging are among the key factors fueling the adoption of packaging tapes among the end-user industries in Europe.
The European food and beverage industry is one of the world's leading manufacturing sectors. According to FoodDrinkEurope, the food and drink imports in Europe amounted to EUR 78 billion (USD 82.35 billion) in 2021.
Also, Europe accounted for almost two-thirds of all food and beverage exports. Europe is the world's greatest exporter of food and beverages, with extra exports totaling EUR 145 billion (USD 153.09 billion) and a trade surplus of EUR 67 billion (USD 70.74 billion).
Further, the European food and drink industry generated a turnover of EUR 1.1 trillion (USD 1.16 trillion) and EUR 222 billion (USD 234.39 billion) in value-added, making it one of the largest manufacturing industries in Europe.
According to the Association of the German Fruit Juice Industry (VdF), disposable PET packaging accounted for 47% of total sales in 2021.
All the aforementioned factors are expected to drive the European food and beverage industry, which is likely to enhance the demand for packaging tapes during the forecast period.
The United Kingdom is Anticipated to Hold a Major Share of Europe
The United Kingdom holds a prominent share of the European packaging tapes market in terms of market share and market revenue. The country is set to continue its dominance over the forecast period.
Packaging tapes have altered how the packaging industry operates in the United Kingdom. Packaging solutions that are lightweight, durable, and pleasant are among the causes that have increased the use of plastics as a packaging tape material throughout the United Kingdom.
Packaging tape is utilized in a variety of industries, including e-commerce, retail, food and beverage, and others. Because of its high barrier qualities, long shelf-life, and durability, plastic tape packaging has acquired substantial popularity in retail and e-commerce.
According to the International Trade Administration, in 2021, e-commerce accounted for more than one-quarter of all retail sales in the United Kingdom. This number is expected to increase steadily in the coming years and would reach nearly one-third of all retail sales by 2024.
According to the Office for National Statistics, revenue in the e-commerce business in the United Kingdom reached EUR 80,678 million (USD 84,421 million) in 2021, and the revenue is estimated to increase at a 3.5% annual rate, resulting in a market volume of EUR 92,464 million (USD 96,754 million) by 2025.
As per the Food and Drink Federation, the food and drink industry was the largest manufacturing sector in the United Kingdom in 2021, larger than automotive and aerospace combined. In the United Kingdom, over 97% of the 11,675 food and beverage manufacturing companies are small and medium-sized enterprises (SMEs).
According to the British Soft Drinks Association, in 2021, plastic/PET packaging accounted for nearly 70% of all packaging in the United Kingdom. Metal cans accounted for around 15.9% of the total.
Packaging tapes are practically unavoidable, from receiving shipments in the mail to purchasing packaged goods in the supermarket during routine grocery shopping visits. It ensures that things remain safe and in good condition while being stored, transported, and eaten.
Thus, all the mentioned above-mentioned factors are likely to contribute to the increasing demand for packaging tape in the United Kingdom during the forecast period.
Europe Packaging Tapes Market Competitor Analysis
The European packaging tapes market is fragmented in nature. Some of the major manufacturers in the market include 3M, Avery Dennison, Henkel AG & Co. KGaA, Nitto Denko Corporation, and Tesa SE (in no particular order).
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Rapid Economic Expansion
4.1.2 Growing demand for Packaging Materials
4.2 Restraints
4.2.1 Changes in Environmental Conditions are one of the Limitations Preventing the Adoption of the Packing Tape Market
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION (Market Size in Revenue)
5.1 By Material Type
5.1.1 Plastic
5.1.2 Paper
5.2 By Adhesive Type
5.2.1 Acrylic
5.2.2 Hot Melt
5.2.3 Rubber-based
5.2.4 Other Adhesive Types
5.3 By End-user Industry
5.3.1 E-Commerce
5.3.2 Food and Beverage Industry
5.3.3 Retail Industry
5.3.4 Othe End-user Industries
5.4 By Geography
5.4.1 Germany
5.4.2 United Kingdom
5.4.3 Italy
5.4.4 France
5.4.5 Spain
5.4.6 Rest of Europe
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share(%)**/Rank Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Aalberts Surface Technologies GmbH
6.4.2 Aalberts Surface Treatment
6.4.3 Atotech Deutschland GmbH
6.4.4 Bulk Chemicals Inc.
6.4.5 Chemetall Inc.
6.4.6 DOW
6.4.7 Henkel AG & Co. Ltd
6.4.8 Hoeller Electrolyzer GmbH
6.4.9 Nippon Paint Holdings Co.
6.4.10 PPG Industries Inc.
6.4.11 Quaker Chemical Corporation
6.4.12 SOCOMORE
6.4.13 Solvay
6.4.14 The Sherwin-Williams Company
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Use of Packaging Products in the Food and Beverage Industry
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security