Overview & Exploration

In recent years, as the world economy continues to develop, industrial output value and demand for industrial products are growing rapidly, driving up the demand for adhesive materials and adhesives. The production scale of the industry in which the company operates is expanding rapidly. Moreover, as the strength of domestic innovative technology enterprises continues to rise, the application fields of various adhesive products are expanding, gradually generating demand for new products in many fields such as 5G communications, electronic appliances, power batteries and new energy vehicles, IoT, machinery manufacturing, light industry and daily life, etc. Adhesive materials and adhesives have become important products in various fields to achieve light weight, high bonding and improve quality and efficiency. 2021 The global sealing and strapping packaging tapes market was valued at US$17.7 billion in 2021 and is expected to grow at a compound annual growth rate of 5% during the forecast period 2022-2027 to reach a value of US$23.7 billion by 2026. The outdoor apparel industry is expected to drive the market growth of sealing and strapping packaging tapes during the forecast period due to increasing consumer health awareness and fitness activities.