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Grip Tape Market Value Analysis: What Growth Is Expected Over The Forecast Period?
The beverage multipack shrink film market size has experienced significant expansion recently. It is projected to increase from $2.51 billion in 2025 to $2.69 billion in 2026, at a compound annual growth rate (CAGR) of 7.2%. This past growth can be attributed to the rise in packaged beverage consumption, the expansion of bottled water and CSD markets, growing demand for multipack formats, improvements in shrink film manufacturing processes, and the broadening of retail distribution networks.
The beverage multipack shrink film market is projected to experience robust expansion over the coming years, with forecasts indicating it will reach $3.64 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.9%. This anticipated growth is driven by several factors, including a heightened emphasis on sustainable beverage packaging, increased investments in recyclable shrink film materials, the expansion of premium beverage branding, a rising need for cost-efficient secondary packaging, and greater automation in beverage packaging lines. Key trends expected during this period encompass a rise in the adoption of lightweight multipack packaging films, a growing demand for high-clarity shrink films, the increasing utilization of custom printed shrink wraps, the expansion of high-speed shrink packaging lines, and an elevated focus on tamper-evident beverage packaging.
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#Grip Tape Market Demand Drivers Creating New Revenue Opportunities
The increasing need for bottled water is projected to fuel the expansion of the beverage multipack shrink film market in the future. Bottled water is defined as water enclosed in bottles or other vessels for human intake, devoid of any extra ingredients. For multipack beverages, shrink film serves as packaging, providing a secure, tamper-proof covering for mineral water and carbonated drink bottles, ensuring product quality during storage and transportation. A notable example is found in March 2025, where data from the Australian Bureau of Statistics, Australia’s official national statistical agency, indicated a rise in bottled water consumption by 5.4 grams, reaching 145 grams per day, an increase of 3.9%, between the periods of 2022–23 and 2023–24. Consequently, the heightened demand for bottled water is a key factor propelling the development of the beverage multipack shrink film market.
Grip Tape Market Segment Analysis And Revenue Opportunities
The grip tape market covered in this report is segmented –
1) By Surface Type: Abrasive, Nonabrasive
2) By Material: Silicone, Polyurethane (PU), Rubber Based Foam, Sandpaper, Fabric, Poly Vinyl Chloride (PVC)
3) By Thickness: Less Than 0.5 mm, 0.5 mm To 1.0 mm, Above 1.0 mm
4) By End User: Sports And Recreation, Healthcare, Transportation, Industrial Manufacturing, Consumer Goods
Subsegments:
1) By Abrasive Grip Tape: Silicon Carbide, Aluminum Oxide, Mineral Coated
2) By Non-Abrasive Grip Tape: Rubberized, Vinyl-Based, Foam-Based, Textured Plastic
Grip Tape Market Transformation Trends: Which Innovations Are Driving Change?
Major companies operating in the beverage multipack shrink film market are concentrating on innovating new products, such as plastic-free secondary packaging solutions, to sustain their market position. A plastic-free secondary packaging solution refers to packaging materials used for protecting and grouping products during transport and storage that are free from plastic components. For instance, in September 2023, Coca-Cola Hellenic Bottling Company, a Switzerland-based beverage company, introduced the LitePac Top Strap, a groundbreaking plastic-free secondary packaging solution for its sparkling drinks, including Coca-Cola, Fanta, and Sprite. Designed for 1.5-liter multipacks, this innovative packaging utilizes 100% renewable and recyclable materials, such as kraft paper and cardboard clips, thereby eliminating traditional plastic components. The new system is expected to save approximately 200 tons of plastic annually and aligns with the company’s commitment to achieving net zero emissions by 2040.
Grip Tape Market Leading Players Shaping Industry Direction
Major companies operating in the grip tape market are 3M Company, Avery Dennison Corporation, Tesa SE, Brady Corporation, Intertape Polymer Group, Shurtape Technologies, Incom Inc, Wooster Products, Jessup Manufacturing Company, Heskins LLC, Sure Foot Industries Corporation, GripTek, GripGuard Pty Ltd, Gator Grip, Moonshine Mfg, MOB Grip, Non Skid Solutions, SlipDoctors, NoTrax, Safety Step
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Grip Tape Market Geographic Landscape: Which Region Dominates Industry Growth?
North America was the largest region in the grip tape market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the grip tape market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.