The market for tape dispensers might be described as developing, growing at a CAGR of 4.4% from 2022 to 2030 to reach US$ 7.3 billion. In 2030, the market for tape dispensers is anticipated to expand by 5.3% year over year. The development of technologically advanced tape dispensers and the desire for them over traditional tape dispensers for packaging solutions globally are expected to have a significant impact on the expansion of the tape dispenser market.
Demand Analysis for Tape Dispensers (2015-2021) Compared to Market Prospects (2022 to 2030)
The market for tape dispensers is anticipated to grow at a CAGR of 4.4% from 2022 to 2030, driven by rising end-user demand for secured packaging and sealing. Offices, businesses, and industries are paying increasing attention to tape dispensers. However, there is a noticeable rise in the popularity of handheld tape dispensers in commercials and offices.
Therefore, this segment is expected to hold more than 57% value share in the global market in the next decade. Automatic tape dispenser segment is expected to expand at a CAGR of 4.3% by 2030, attributing to ease of use and fast-paced packaging operations.
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Besides, end-users have maximum preference for such dispensers to minimize wastage caused due to human errors. Table top tape dispensers are most commonly used as compared to the other product types in the tape dispenser market. Two fold investments by the key players in research & development activities for developing convenient and tailor-made solutions of tape dispensing system are expected to leverage growth of tape dispensers during the forecast period.
How has COVID-19 impacted the Tape Dispenser Market?
COVID-19 is calling for protective and hygienic packaging solutions. To ensure maximum product safety, end-users are opting for automatic tape dispensers, so that minimum human and product contact could be maintained during packaging activities amid COVID-19. Therefore, the global tapes dispenser market is expected to clock a CAGR of nearly 4% during next ten years, amid COVID-19.
On the flip side, frequent lockdowns and scarcity of raw material reduced the profit margins of the key players in 2020-21. Besides, less-efficient transport facilities reduced further gain in the international tape dispenser market. Therefore, the market growth witnessed a negative growth of 0.2% in 2020-2021. However, with the strategic planning of the manufacturers in collaboration with government authorities, this market is expected to register peak y-o-y of 5.3% in the next ten years.
Competitive Landscape
The Tape Dispenser market holds the distinction of being driven by tier-3 players. They hold more than 75% of the market share. Everything, right from product launches, acquisitions, and collaborations is being tried out. AI is also being tried out.
3M Company does market Scotch and Tartan Manual Tape Dispensers. These hand-held dispensers come in HR933, H150, and HR80 versions. The advantages offered by these devices are being lightweight and proper pistol-grip, along with retractable blades and pressure bars for reducing noise.
Intertape Polymer Group Inc. has its Smart Tape solution that adopts the latest security technologies for preventing cargo theft, and product diversion and proliferation.
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Key Companies Profiled
- 3M Company
- Tesa SE
- Intertape Polymer Group Inc.
- Fellow Brands
- Shurtape Technologies LLC
- Koziol USA
- START International
- Prisma Pressure Sensitive Products Ltd.
- Spec-Tech (Xiamen) Co. Ltd.
- Aroindia Electromech Pvt. Ltd.
- Excel Factory Inc.
Key Segments Covered in Tape Dispenser Industry Research
Tape Dispenser Market by Product Type
- Hand Held
- Table Top
- Definite Length Dispenser
- Stretchable Tape Dispenser
Tape Dispenser Market by Technology
- Automatic
- Manual
Tape Dispenser Market by End-use
- Office & Commercial
- Industrial
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
4. Key Success Factors
4.1. Product Adoption Analysis
4.2. Product USPs / Features
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