The latest report by IMARC Group, titled “Industrial Tapes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global industrial tapes market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global industrial tapes market size reached US$ 65.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 97.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.59% during 2023-2028.
Industrial Tapes Market Overview:
Insulated packaging is a specialized type of packaging solution designed to maintain the temperature and quality of goods during transportation or storage. It is constructed with high thermal resistance materials, such as foam, bubble wrap, and reflective films. This type of packaging is indispensable for industries that deal with temperature-sensitive products.
Predominantly used in the pharmaceutical, food and beverage, and chemical sectors, insulated packaging ensures that products like medicines, perishable foods, and sensitive chemicals retain their efficacy and freshness over extended periods. By controlling the internal environment, it prevents spoilage, degradation, or any form of quality loss that could be detrimental to the consumer or the manufacturing process. Given its role in ensuring product integrity, insulated packaging is a critical element in supply chains that require temperature-controlled logistics, including cold chains.
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Industrial Tapes Market Trends:
Several key drivers are propelling the growth of the global insulated packaging market. Along with this, the increasing global trade of perishable and temperature-sensitive goods necessitates robust packaging solutions, thereby boosting demand for insulated packaging.
Additionally, continuous advancements in material science have led to the development of more efficient, lightweight, and sustainable insulating materials, expanding the potential applications for insulated packaging. In confluence with this, the pharmaceutical industry, in particular, has seen a rise in demand due to the critical need for temperature-controlled transportation of vaccines and medications.
Besides this, regulatory mandates concerning the safe transport of food and pharmaceutical products further compel industries to adopt high-quality insulated packaging solutions. Furthermore, the emergence of biodegradable and recyclable insulated packaging options is aligning with global efforts to reduce environmental impact, offering both compliance and marketing advantages for companies.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/industrial-tapes-market
Key Market Segmentation:
Breakup by Product Type:
Breakup by Tape Backing Material:
Breakup by Application:
Breakup by End-User:
Breakup by Mode of Application:
Breakup by Region:
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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