World market for paper bands is projected to be worth US$ 6.1 billion in 2022 and to increase at a CAGR of 4.1% to US$ 9.2 billion from 2022 to 2032. From 2021, the market expanded year over year by 5.2%. The market generated US$ 5.8 billion in revenue as of 2021.
Paper belly bands, also known as paper bands, are frequently used to package products. Labels, cards, blister packs, sachets, containers, and a range of other objects can all be stacked with this adaptable and lightweight packing tool. The high-quality glue used to make the latex-free paper bands forms a tight bond to the ends of the paper band.
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Paper band is also known as paper belly band, used for bundling of the product. It is versatile and lightweight packaging tool which helps to stack labels, cards, blister packs, sachets, containers, and many other products. The latex-free paper bands are manufactured from a quality adhesive material which provides strong bonding to the ends of the paper band.
Owing to its several benefits such as stacking, easy opening, quick and effective packaging, the market of paper band is growing in multiples. Unlike sticky rubber band, paper band ensures life of the product bundle. It provides eye-catchy shelf-ready packaging to the products. Hence, paper band market is expected to grow rapidly with the expansion of the FMCG sector, and an increasing number of supermarkets and retail stores.
Besides this, the printing of barcode on paper band enhances its utility during material handling in transit. It further efficiently supports inventory management. As it speed ups the production lines, many end users are adopting paper band packaging tool. Monopolistic competition is witnessed in paper band market where the large number of buyers and sellers are present. Hence with the changing packaging trends, manufacturers are more inclined towards manufacturing of quality of paper bands and enhancing its aesthetic looks. The demand for self-sealing bands is expected to grow significantly during the forecast period.
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Paper Band Market: Dynamics
Unitization and effective product stacking are the primary objectives which drive the paper band market. It is easily recyclable and resulting in less carbon footprints. Additionally, ease of unpacking and minimum material waste drives the global market of paper band. The fueling factor for increasing growth of paper band market is branding and promotion of the products.
These bands are customizable and give sufficient space for attractive labelling and printing, which results in more sales of the product. Hence, the preference of paper band is increasing in the retail sector. Increasing growth opportunities are witnessed for the global market of paper band on the backdrop of the food and beverage sector. Furthermore, attractive packaging of confectionery products and gift articles are creating growth opportunities for paper band market across the world. Apart from this, the demand for paper bands is continuously increasing in textile packaging for providing shelf-ready appearance to the product.
In spite of many benefits, certain factors might restrain the growth of paper band market such as the use of shrink wrap film in bundle formation. However, paper bands are cost-efficient than shrink wraps, and it supports bundling operation without heat potentially affecting the product.
Market Competition
Some of the key participants present in the global Paper Band market include
- Extra Packaging Corporation,
- SANDAR Industries, Inc.,
- Bandall,
- Cohesion Paper Products LLC,
- Graphic Arts Equipment,
- Brown & Pratt, Inc.,
- American Printpak and
- Economy Tablet & Paper among others.
Attributed to the presence of such high number of participants, the market is highly competitive.
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Paper Band Market: Regional Outlook
The paper band packaging trend is widely accepted across the world as it is environment-friendly and manufactured from natural kraft paper. In Europe, with the modified regulation of single-use plastic, key players have more proclivity towards paper band packaging. Hence, the potential growth of the paper band market is expected in Europe. In order to reduce plastic wastage and landfills, moderate growth of paper band market is witness in the United States.
In China and India and Indonesia, growing opportunities are witnessed with the expansion of the food and beverages sector and the increasing number of retail stores. The Mexico market is an emerging market for paper band. The consumers are having more demand for paper band in Mexico, as this packaging results in an economical approach for product bundling.
Key Segments Profiled in the Paper Band Industry Survey
Product Type:
- Pre formed Self Sealing Paper Bands
- Cohesive Self Sealing Paper Bands
Material:
- Natural Kraft Paper Bands
- Bleached Kraft Paper Bands
- Cover Paper Bands
- Other Material Paper Bands
End Use:
- Paper Bands for Food and Beverages
- Paper Bands for Automotive
- Paper Bands for Textile
- Paper Bands for Pharmaceutical and Health Care
- Paper Bands for Electric and Electronics
- Paper Bands for Cosmetics and Personal Care
- Paper Bands for Others (FMCG, Logistics and E-commerce)
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia
- Middle East & Africa
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