The gummed tapes market size is expected to increase at ~6.2% CAGR during the assessment period (2021 to 2031). A new forecast on gummed tapes market predicts the sales to nearly double between 2021 and 2031.
One of the main factors fueling the gummed tapes market’s growth is the expanding demand for these tapes in the packaging industry. Gummed tapes are often used in the packaging of food, beverages, and other consumer items due to their strong adhesive capabilities to guarantee that the containers stay sealed during transit and storage.
The expanding use of gummed tapes in online shopping and e-commerce is another factor fueling market expansion. The demand for packing materials that can guarantee the safe and secure delivery of goods has increased as a result of the growth of e-commerce and online shopping. Gummed tapes are ideal for this use because they offer a robust seal that is difficult to tamper with and is tamper obvious.
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report! https://www.futuremarketinsights.com/reports/sample/rep-gb-2821
Competitive Landscape
3M Company, Intertape Polymer Group Inc., Shurtape Technologies LLC, Holland Manufacturing Co., Inc., Loytape Industries Sdn Bhd, Papertec Inc., LPS Industries LLC, Windmill Tapes & Labels Ltd., Neubronner GmbH & Co., KG, Maxfel Srl, Can-Do National Tape, Suzhou Tongxie Adhesive Tape Co., Ibergum S.A., and Waterproof Corporation Pvt. Ltd. are key players operating in the global gummed tapes market.
The gummed tapes market is segmented based on type, application, and region. On the basis of type, the market is segmented into paper gummed tapes, polypropylene gummed tapes, and others. Paper gummed tapes are the most widely used type due to their cost-effectiveness and environmental friendliness.
On the basis of application, the market is segmented into packaging, construction, and others. The packaging industry is the largest end-user of gummed tapes due to the increasing demand for packaged food and beverages and the rise in e-commerce and online retailing.
Geographically, the gummed tapes market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to be the fastest-growing region due to the increasing demand for gummed tapes in the packaging industry in countries such as China and India.
In conclusion, the global gummed tapes market is expected to grow at a significant rate during the forecast period due to the increasing demand for these tapes in the packaging industry and the rise in e-commerce and online retailing. The market is segmented based on type, application, and region, with Asia-Pacific expected to be the fastest-growing region.
Key Takeaways:
- By backing material, the fibre reinforced tape is expected to hold around 90%of the market by 2031.
- Brown gummed tapes segment is forecast to hold maximum share in the global market registering 6%CAGR during the assessment period.
- In terms of adhesives, the starch adhesives is projected to expand by 2xover the next decade.
- Based on application, the splicing segment is poised to expand at a CAGR of 5%by 2031, registering year-on-year growth by 8% during 2025-2027.
- By end use, shipping & logistics, food & beverages segment and electrical & electronics segment are anticipated to, collectively, hold around 40%of the market share.
- North America, Europe, and East Asia are projected to hold approximately 65%of the market share by the end of 2031.
Request Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-2821
Gummed Tapes Market by Category
By Backing Material:
- Paper Gummed Tapes
- Fiber Reinforced Gummed Tapes
By Product Type:
- White Gummed Tapes
- Brown Gummed Tapes
By Adhesive Type:
- Starch Adhesives
- Other Adhesives
By Application:
- Box & Carton Sealing
- Splicing
- Others
By End Use:
- Shipping & Logistics
- Building & Construction
- Food & Beverages
- Electrical & Electronics
- Automotive
- Healthcare & Hygiene
- Metalworking
- Oil & Gas
- General Industries
- Consumer Goods
Grow your profit margin with FutureMarketInsights – Buy the report! https://www.futuremarketinsights.com/checkout/2821
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com