The gummed tapes market is predicted to exhibit a robust compound annual growth rate (CAGR) of approximately 6.2% from 2021 to 2031. This growth indicates a substantial expansion of the market, with gummed tape sales expected to nearly triple during the same period.
Gummed tapes, also referred to as water-activated tapes, are adhesive tapes widely utilized in various packaging applications. The increasing demand in the packaging sector is a key driver for the significant growth projected in the gummed tapes market. These tapes offer strong adhesive properties that ensure secure sealing of containers during transit and storage, making them highly desirable for packaging food, beverages, and other consumer goods.
The expansion of e-commerce and online shopping is another crucial factor fueling the market’s growth. The rise of e-commerce has created a greater need for packing materials that can guarantee the safe and secure delivery of goods. Gummed tapes provide a reliable seal that is difficult to tamper with and offer tamper-evident features, making them an ideal choice for e-commerce packaging.
The gummed tapes market is segmented based on type, application, and region. Various types of gummed tapes are available, including polypropylene water-activated tapes, paper gummed tapes, and others. Among these, paper gummed tapes are the most popular due to their cost-effectiveness and environmentally friendly nature.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2821
The packaging industry is the largest end-user of gummed tapes in terms of application. The demand for gummed tapes is driven by the growing need for packaged foods and beverages, the expansion of e-commerce, and the increasing prevalence of online retailing.
Geographically, the gummed tapes market is divided into North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific is expected to witness the fastest growth in the market, primarily due to the increasing demand for gummed tapes in the packaging industry in countries like China and India.
To summarize, the global gummed tapes market is poised for significant growth during the forecast period, fueled by the rising demand in the packaging industry and the expansion of e-commerce and online retailing. The market is segmented based on type, application, and region, with Asia-Pacific anticipated to experience the highest growth rate.
Competitive Landscape
Key manufacturers operating in gummed tapes market are focusing on increasing their production capacity. They are also increasing research & development activities to meet the increasing demand from food & beverages, shipping & logistics, automobiles, and building & construction industries.
FMI opines, tier-1 players are adopting inorganic expansion strategies such as the acquisition of small or local players and thereby expanding the product portfolio. Meanwhile, the other market players are improving their product portfolio to cater to the growing demand for sustainable gummed tapes.
For instance,
- In September 2021, Ajit Industries Private Limited (AIPL) announced the launch of a new range of tapes that are made from biodegradable and recyclable materials. The product range includes self-adhesive tapes, water-activated kraft paper tapes, etc.
In June 2020, Irplast developed a removable gummed pvc-free tape as floor tape, covid-19 emergency, which is a removable floor-applied warning tape designed to delimit specific areas to guarantee social distancing.
Request Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-2821
Key Players:
- 3M Company
- Intertape Polymer Group Inc.
- Shurtape Technologies LLC
- Holland Manufacturing Co., Inc.
- Loytape Industries Sdn Bhd
- Papertec, Inc.
- LPS Industries, LLC.
- LPS Industries, LLC.
- Windmill Tapes & Labels Ltd.
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 2x over the next decade.
- Based on application, the splicing segment is poised to expand at a CAGR of 7.5% 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.
Key Insights oF The Report
• Key Trends in the gummed tapes market
• New Advancements in Production Technologies
• New Product Launches, Expansions of gummed tapes market
“Increasing need for enhanced product safety and improved package sealing solutions across shipping & logistics, electrical & electronics, and building & construction industries is propelling the demand for gummed tapes. Expansion of aforementioned end-use industries in East Asia is expected to create growth opportunities for market players.” says an FMI analyst.
Buy Now/Purchase @ https://www.futuremarketinsights.com/checkout/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
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