The market for tape dispensers may be described as developing, with a CAGR of 4.4% from 2023 to 2033 bringing the market’s total value to US$ 7,926.82 million.
A few factors influencing the tape dispenser industry’s expansion include:
- Manufacturers are creating new tape dispensers comprised of recyclable materials in response to rising consumer demand for environmentally friendly and sustainable products.
- Automatic tape dispenser sales are increasing as a result of the packaging industry’s increased need for automation.
- The need for packing tape dispensers is increasing as e-commerce develops and there is a greater need for effective packaging solutions.
- The need for double-sided tape dispensers and masking tape dispensers is growing due to the growing popularity of DIY projects and home improvement projects, opening up new market opportunities.
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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.
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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.
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
Tape Dispenser Market by Region
- North America Tape Dispenser Market
- Latin America Tape Dispenser Market
- Europe Tape Dispenser Market
- East Asia Tape Dispenser Market
- South Asia Tape Dispenser Market
- Oceania Tape Dispenser Market
- Middle East & Africa (MEA) Tape Dispenser Market
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