Packaging Tapes Market To Exhibit Over 4.80% CAGR during 2020-2030

One of the markets that have recently experienced growth is the packaging tapes industry. In the year 2030, this attained a value of USD 19,550 million, and in the following year, a CAGR of 4.80% is predicted. The rise in the need for shipping protection and security is the key factor driving the packaging tapes market growth.

The use of e-commerce has grown significantly in recent years, which is the primary factor driving the expansion of the packaging tapes’ market value. E-Commerce businesses use tapes to package the items before sending them to the clients. One of the primary factors that have a favorable bearing on the market’s expansion is the economy’s rapid increase in the purchase of goods through e-commerce platforms.

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