Sealing and Strapping Packaging Tapes Market – Industry Trends and Forecast 2024 – 2029

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OVERVIEW

The Sealing and Strapping Packaging Tapes Market is currently valued at USD 6.2 billion in 2024 and will be growing at a CAGR of 9% over the forecast period to reach an estimated USD 10.95 billion in revenue in 2029. The sealing and strapping packaging tapes market is a crucial segment within the broader packaging industry, serving diverse sectors such as logistics, e-commerce, manufacturing, and retail. These tapes play a pivotal role in securing packages during transit, offering robust adhesion and strength to withstand various handling conditions. From corrugated boxes to pallets, sealing tapes ensure the integrity of shipments, preventing damages and pilferage. Meanwhile, strapping tapes provide additional reinforcement, particularly for heavy or irregularly shaped items. The market encompasses a wide array of tape types, including pressure-sensitive, water-activated, and heat-activated variants, catering to different application needs. With the rapid expansion of e-commerce and global trade, the demand for sealing and strapping packaging tapes continues to grow, driving innovations in tape technology and sustainability practices.

The flourishing e-commerce sector, marked by the rise of online shopping and home deliveries, fuels the demand for reliable packaging solutions to ensure the safe transportation of goods. Additionally, the globalization of trade and supply chains necessitates robust packaging materials to withstand long-distance shipping and handling across various climates and conditions. Moreover, the increasing focus on sustainability and environmental consciousness drives the adoption of eco-friendly tape options made from biodegradable or recyclable materials, addressing both consumer preferences and regulatory requirements. Furthermore, technological advancements in tape manufacturing, such as improved adhesives and reinforcement materials, enhance the performance and reliability of packaging tapes, further boosting market growth. Lastly, the ongoing expansion of industries such as logistics, manufacturing, and retail contributes to the steady demand for sealing and strapping tapes, underlining their indispensable role in securing shipments and optimizing supply chain efficiency.

Market Dynamics

Drivers:

The flourishing e-commerce sector, marked by the rise of online shopping and home deliveries, fuels the demand for reliable packaging solutions to ensure the safe transportation of goods. Additionally, the globalization of trade and supply chains necessitates robust packaging materials to withstand long-distance shipping and handling across various climates and conditions. Moreover, the increasing focus on sustainability and environmental consciousness drives the adoption of eco-friendly tape options made from biodegradable or recyclable materials, addressing both consumer preferences and regulatory requirements. Furthermore, technological advancements in tape manufacturing, such as improved adhesives and reinforcement materials, enhance the performance and reliability of packaging tapes, further boosting market growth. Lastly, the ongoing expansion of industries such as logistics, manufacturing, and retail contributes to the steady demand for sealing and strapping tapes, underlining their indispensable role in securing shipments and optimizing supply chain efficiency.

Key Offerings :

Amidst the evolving landscape of the sealing and strapping packaging tapes market, several key opportunities emerge for industry players. One prominent avenue lies in the development of innovative tape solutions tailored to specific application needs, such as high-performance tapes for temperature-sensitive goods or tamper-evident tapes for security-sensitive shipments. Additionally, the growing emphasis on sustainable packaging presents a significant opportunity for the expansion of eco-friendly tape offerings, including bio-based materials and recyclable options, aligning with consumer preferences for environmentally responsible products. Furthermore, the integration of smart technologies, such as RFID tagging or NFC-enabled tapes, offers opportunities to enhance supply chain visibility and traceability, providing added value to customers seeking greater control and efficiency in their logistics operations. Moreover, strategic collaborations and partnerships across the value chain, from tape manufacturers to packaging distributors and end-users, can unlock synergies and drive innovation, enabling market players to capitalize on emerging trends and penetrate new market segments.

Restraints :

One significant challenge is the volatility in raw material prices, particularly for petroleum-based adhesives and polymers, which can impact production costs and erode profit margins for tape manufacturers. Additionally, regulatory compliance and quality standards impose stringent requirements on packaging materials, necessitating continuous investment in research and development to ensure compliance while maintaining competitive pricing. Moreover, the presence of counterfeit and low-quality tapes in the market poses a threat to brand reputation and consumer trust, highlighting the importance of robust quality control measures and anti-counterfeiting technologies. Furthermore, the ongoing economic uncertainties and geopolitical tensions may dampen investment sentiments and disrupt supply chains, affecting the overall demand for packaging tapes across various industries. These restraints underscore the need for strategic planning and proactive measures to navigate challenges and sustain growth in the dynamic packaging tape market.

Regional Information:

In North America, the sealing and strapping packaging tapes market is characterized by a mature landscape, with established players dominating the industry. The region benefits from a robust e-commerce ecosystem and a strong manufacturing base, driving steady demand for packaging tapes across various sectors. Additionally, stringent regulatory standards regarding packaging materials and sustainability further shape market dynamics, pushing manufacturers to innovate and offer eco-friendly tape solutions. Moreover, technological advancements and automation in logistics and warehousing enhance the efficiency of tape application and usage, contributing to market growth.

• In Europe, the sealing and strapping packaging tapes market reflects a similar emphasis on sustainability and regulatory compliance, with stringent environmental regulations driving the adoption of eco-friendly tape alternatives. The region’s well-developed infrastructure and emphasis on quality control ensure high standards in packaging materials, fostering trust among consumers and businesses alike. Furthermore, the presence of a robust retail sector and growing e-commerce penetration drive demand for packaging tapes, particularly those offering security features and reliable adhesion for various packaging substrates.

• The Asia Pacific region, the sealing and strapping packaging tapes market experiences rapid growth fueled by the expansion of manufacturing activities, burgeoning e-commerce platforms, and increasing urbanization. Countries like China, India, and Southeast Asian nations witness significant demand for packaging tapes driven by the flourishing logistics and retail sectors. Moreover, the region’s vast consumer base and evolving consumer preferences towards convenience and product safety propel the need for high-quality packaging solutions, driving innovation and market expansion. However, varying regulatory landscapes and competition from local manufacturers present challenges for international players seeking to establish a foothold in the region. 

Recent Developments:

In March 2023, tesa launched the tesa 51344 paper-based tear tape for shipping envelopes and boxes, improving recyclability by eliminating the need to separate adhesive tapes

• In December 2022, Shurtape Technologies acquires Pro Tapes & Specialties, aiming to boost growth by investing in manufacturing capacity, sales efforts, and marketing activities for both companies.

Key Market Players:

3M Company, Intertape Polymer Group Inc., tesa SE, Avery Dennison Corporation, Shurtape Technologies, LLC, and Nitto Denko Corporation.

Frequently Asked Questions

1) What is the projected market value of the Sealing and Strapping Packaging Tapes Market?

– The Sealing and Strapping Packaging Tapes Market is expected to reach an estimated value of USD 5.62 billion in revenue by 2029. 

2) What is the estimated CAGR of the Sealing and Strapping Packaging Tapes Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 15.1% for the Sealing and Strapping Packaging Tapes Market over the 2024 to 2029.

3) Who are the key players in the Sealing and Strapping Packaging Tapes Market?

– 3M Company, Intertape Polymer Group Inc., tesa SE, Avery Dennison Corporation, Shurtape Technologies, LLC, and Nitto Denko Corporation.

4) What are the drivers for the Sealing and Strapping Packaging Tapes Market?

– The e-commerce sector and globalization demand reliable packaging solutions for safe goods transportation. Sustainable packaging materials are essential for long-distance shipping. Technological advancements in tape manufacturing enhance performance and reliability. The expansion of industries like logistics, manufacturing, and retail further boosts demand for sealing and strapping tapes, ensuring securing shipments and optimizing supply chain efficiency.

5) What are the restraints and challenges in the Sealing and Strapping Packaging Tapes Market?

– The volatile raw material prices, regulatory compliance, and counterfeit tapes pose significant challenges for packaging manufacturers. These factors can affect production costs, profitability, brand reputation, and consumer trust. Economic uncertainties and geopolitical tensions may also disrupt supply chains, necessitating strategic planning and proactive measures to sustain growth in the dynamic packaging tape market.

6) What are the key applications and offerings of the Sealing and Strapping Packaging Tapes Market?

– Sealing and strapping packaging tapes find key applications across industries such as logistics, e-commerce, manufacturing, and retail. They are essential for securing packages during transit, preventing damages and ensuring product integrity. In manufacturing, these tapes are used for bundling and reinforcing items, while in retail, they serve for branding and product identification. Their versatility and reliability make them indispensable for streamlining supply chains and enhancing the efficiency of packaging operations.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029 

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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OVERVIEW

The Sealing and Strapping Packaging Tapes Market is currently valued at USD 6.2 billion in 2024 and will be growing at a CAGR of 9% over the forecast period to reach an estimated USD 10.95 billion in revenue in 2029. The sealing and strapping packaging tapes market is a crucial segment within the broader packaging industry, serving diverse sectors such as logistics, e-commerce, manufacturing, and retail. These tapes play a pivotal role in securing packages during transit, offering robust adhesion and strength to withstand various handling conditions. From corrugated boxes to pallets, sealing tapes ensure the integrity of shipments, preventing damages and pilferage. Meanwhile, strapping tapes provide additional reinforcement, particularly for heavy or irregularly shaped items. The market encompasses a wide array of tape types, including pressure-sensitive, water-activated, and heat-activated variants, catering to different application needs. With the rapid expansion of e-commerce and global trade, the demand for sealing and strapping packaging tapes continues to grow, driving innovations in tape technology and sustainability practices.

The flourishing e-commerce sector, marked by the rise of online shopping and home deliveries, fuels the demand for reliable packaging solutions to ensure the safe transportation of goods. Additionally, the globalization of trade and supply chains necessitates robust packaging materials to withstand long-distance shipping and handling across various climates and conditions. Moreover, the increasing focus on sustainability and environmental consciousness drives the adoption of eco-friendly tape options made from biodegradable or recyclable materials, addressing both consumer preferences and regulatory requirements. Furthermore, technological advancements in tape manufacturing, such as improved adhesives and reinforcement materials, enhance the performance and reliability of packaging tapes, further boosting market growth. Lastly, the ongoing expansion of industries such as logistics, manufacturing, and retail contributes to the steady demand for sealing and strapping tapes, underlining their indispensable role in securing shipments and optimizing supply chain efficiency.

Market Dynamics

Drivers:

The flourishing e-commerce sector, marked by the rise of online shopping and home deliveries, fuels the demand for reliable packaging solutions to ensure the safe transportation of goods. Additionally, the globalization of trade and supply chains necessitates robust packaging materials to withstand long-distance shipping and handling across various climates and conditions. Moreover, the increasing focus on sustainability and environmental consciousness drives the adoption of eco-friendly tape options made from biodegradable or recyclable materials, addressing both consumer preferences and regulatory requirements. Furthermore, technological advancements in tape manufacturing, such as improved adhesives and reinforcement materials, enhance the performance and reliability of packaging tapes, further boosting market growth. Lastly, the ongoing expansion of industries such as logistics, manufacturing, and retail contributes to the steady demand for sealing and strapping tapes, underlining their indispensable role in securing shipments and optimizing supply chain efficiency.

Key Offerings :

Amidst the evolving landscape of the sealing and strapping packaging tapes market, several key opportunities emerge for industry players. One prominent avenue lies in the development of innovative tape solutions tailored to specific application needs, such as high-performance tapes for temperature-sensitive goods or tamper-evident tapes for security-sensitive shipments. Additionally, the growing emphasis on sustainable packaging presents a significant opportunity for the expansion of eco-friendly tape offerings, including bio-based materials and recyclable options, aligning with consumer preferences for environmentally responsible products. Furthermore, the integration of smart technologies, such as RFID tagging or NFC-enabled tapes, offers opportunities to enhance supply chain visibility and traceability, providing added value to customers seeking greater control and efficiency in their logistics operations. Moreover, strategic collaborations and partnerships across the value chain, from tape manufacturers to packaging distributors and end-users, can unlock synergies and drive innovation, enabling market players to capitalize on emerging trends and penetrate new market segments.

Restraints :

One significant challenge is the volatility in raw material prices, particularly for petroleum-based adhesives and polymers, which can impact production costs and erode profit margins for tape manufacturers. Additionally, regulatory compliance and quality standards impose stringent requirements on packaging materials, necessitating continuous investment in research and development to ensure compliance while maintaining competitive pricing. Moreover, the presence of counterfeit and low-quality tapes in the market poses a threat to brand reputation and consumer trust, highlighting the importance of robust quality control measures and anti-counterfeiting technologies. Furthermore, the ongoing economic uncertainties and geopolitical tensions may dampen investment sentiments and disrupt supply chains, affecting the overall demand for packaging tapes across various industries. These restraints underscore the need for strategic planning and proactive measures to navigate challenges and sustain growth in the dynamic packaging tape market.

Regional Information:

In North America, the sealing and strapping packaging tapes market is characterized by a mature landscape, with established players dominating the industry. The region benefits from a robust e-commerce ecosystem and a strong manufacturing base, driving steady demand for packaging tapes across various sectors. Additionally, stringent regulatory standards regarding packaging materials and sustainability further shape market dynamics, pushing manufacturers to innovate and offer eco-friendly tape solutions. Moreover, technological advancements and automation in logistics and warehousing enhance the efficiency of tape application and usage, contributing to market growth.

• In Europe, the sealing and strapping packaging tapes market reflects a similar emphasis on sustainability and regulatory compliance, with stringent environmental regulations driving the adoption of eco-friendly tape alternatives. The region’s well-developed infrastructure and emphasis on quality control ensure high standards in packaging materials, fostering trust among consumers and businesses alike. Furthermore, the presence of a robust retail sector and growing e-commerce penetration drive demand for packaging tapes, particularly those offering security features and reliable adhesion for various packaging substrates.

• The Asia Pacific region, the sealing and strapping packaging tapes market experiences rapid growth fueled by the expansion of manufacturing activities, burgeoning e-commerce platforms, and increasing urbanization. Countries like China, India, and Southeast Asian nations witness significant demand for packaging tapes driven by the flourishing logistics and retail sectors. Moreover, the region’s vast consumer base and evolving consumer preferences towards convenience and product safety propel the need for high-quality packaging solutions, driving innovation and market expansion. However, varying regulatory landscapes and competition from local manufacturers present challenges for international players seeking to establish a foothold in the region. 

Recent Developments:

In March 2023, tesa launched the tesa 51344 paper-based tear tape for shipping envelopes and boxes, improving recyclability by eliminating the need to separate adhesive tapes

• In December 2022, Shurtape Technologies acquires Pro Tapes & Specialties, aiming to boost growth by investing in manufacturing capacity, sales efforts, and marketing activities for both companies.

Key Market Players:

3M Company, Intertape Polymer Group Inc., tesa SE, Avery Dennison Corporation, Shurtape Technologies, LLC, and Nitto Denko Corporation.

Frequently Asked Questions

1) What is the projected market value of the Sealing and Strapping Packaging Tapes Market?

– The Sealing and Strapping Packaging Tapes Market is expected to reach an estimated value of USD 5.62 billion in revenue by 2029. 

2) What is the estimated CAGR of the Sealing and Strapping Packaging Tapes Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 15.1% for the Sealing and Strapping Packaging Tapes Market over the 2024 to 2029.

3) Who are the key players in the Sealing and Strapping Packaging Tapes Market?

– 3M Company, Intertape Polymer Group Inc., tesa SE, Avery Dennison Corporation, Shurtape Technologies, LLC, and Nitto Denko Corporation.

4) What are the drivers for the Sealing and Strapping Packaging Tapes Market?

– The e-commerce sector and globalization demand reliable packaging solutions for safe goods transportation. Sustainable packaging materials are essential for long-distance shipping. Technological advancements in tape manufacturing enhance performance and reliability. The expansion of industries like logistics, manufacturing, and retail further boosts demand for sealing and strapping tapes, ensuring securing shipments and optimizing supply chain efficiency.

5) What are the restraints and challenges in the Sealing and Strapping Packaging Tapes Market?

– The volatile raw material prices, regulatory compliance, and counterfeit tapes pose significant challenges for packaging manufacturers. These factors can affect production costs, profitability, brand reputation, and consumer trust. Economic uncertainties and geopolitical tensions may also disrupt supply chains, necessitating strategic planning and proactive measures to sustain growth in the dynamic packaging tape market.

6) What are the key applications and offerings of the Sealing and Strapping Packaging Tapes Market?

– Sealing and strapping packaging tapes find key applications across industries such as logistics, e-commerce, manufacturing, and retail. They are essential for securing packages during transit, preventing damages and ensuring product integrity. In manufacturing, these tapes are used for bundling and reinforcing items, while in retail, they serve for branding and product identification. Their versatility and reliability make them indispensable for streamlining supply chains and enhancing the efficiency of packaging operations.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029 

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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