by Corinne Gangloff
July 28, 2021
While the COVID-19 pandemic caused a surge in e-commerce orders – and accelerated an ongoing shift from brick-and-mortar retail – a new Freedonia Group analysis finds the $13 billion global packaging and shipping tape industry experienced moderate demand declines in 2020:
Demand is expected to rebound at a healthy rate in 2021 as manufacturing activity rises over the course of the year. Gains will also be supported by ongoing growth in e-commerce, as personal spending rebounds.
The Freedonia Group forecasts demand for packaging and shipping tape to expand 3.4% per year to 37.5 billion square meters in 2025. Rapid growth in e-commerce will remain one of the most important factors impacting the market, as formerly brick-and-mortar purchases are being made online for delivery, requiring additional packaging that utilizes tape.
However, trends in manufacturing and consumer goods continue to govern the market, including:
Want to Learn More?
Global Packaging & Shipping Tapes is now available from the Freedonia Group. This study analyzes the global market for pressure sensitive tapes used in packaging and shipping applications. Historical data are provided for 2010, 2015, and 2020, with forecasts for 2025 and 2030.
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