Due to the increased use of corrugated boxes for packaging, the Global Pressure-sensitive Tapes Market is expected to grow at a CAGR of 6.63 percent from 2015-2019, according to the research firm Technavio.
According to the report, the consumption of packaged goods is growing in both developed and developing regions, and the resulting increase in demand for corrugated boxes from the retail sector and the food industry will propel the growth of the global pressure-sensitive tapes market, especially for carton sealing tapes.
"The consumption of corrugated boxes is increasing in tandem with the packaging of non-durable goods across different verticals, and this changing consumption pattern is set to impact market growth through the projected period," says Faisal Ghaus, Vice President of Technavio.
