As per Future Market Insights, the global paper tapes market is projected to be valued at US$ 9.0 billion in 2033 and reach US$ 5.6 billion by 2023. The market is anticipated to showcase a steady growth rate at a CAGR of 4.6% from 2023 to 2033.
Paper tapes are a viable alternative to plastic tape, as packaging is essential in both the industrial and commercial sectors. The E-commerce industry is adopting paper tapes for packaging purposes due to their high sustainability, as compared to plastic tapes.
These tapes also provide high tensile strength and good adhesion properties that are required for packaging and masking. Most of the time, a few residues with stickiness and little adhesive is left behind after using tapes.
But paper tapes can be easily removed after the masking process. In the automotive industry, paper tapes play an important role as during spray painting, these tapes are used for bringing perfection of painting to maintain its finishing.
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Paper tapes are used for banding coils, covering wires, and insulating boards in electrical and electronics applications as they have good electrical resistance and adhesion. Insulating material and adhesives used in paper tapes can help maintain its atmospheric temperature, whether it is hot or extra cold. During sandblasting, it provides good adhesion and temperature-bearing properties.
Paper tapes are resistant to the infrared drying process. During painting, the baking process is done, which means the paint is applied to mica sheets, and above that, paper tapes are used for shading. It is then baked in an oven for several hours. But paper tapes are resistant to infrared radiation, and have good peel adhesion if kept in high temperatures.
From customers to product manufacturers to the packaging business, paper tape packaging is gaining favour. As the demand for quick stick and strong adhesion packaging grows, so will investments in this area. As a result, innovative materials, processes, techniques, and designs will emerge that suit consumer wants while also being environmentally sustainable.
Key Takeaways from Paper Tapes Market
- Masking tape segment by product type is projected to expand 3x the current value during the forecast period.
- Packaging application segment is anticipated to account for 0% of the paper tapes market share by 2023.
- The building & construction end use segment is estimated to account for around 9% of the paper tapes market share by 2023.
- India paper tapes market is anticipated to create an absolute dollar opportunity of US$ 314.3 million during the estimated time frame.
- Germany paper tapes market is likely to generate a considerable share of around 8% in 2023.
“Increasing demand for paper tapes as they act as a superior alternative to plastic, is projected to drive sales worldwide. High recyclability of paper tapes is another prominent factor that is anticipated to push demand in the global market,” says a lead analyst at Future Market Insights.
Car Modification in Automobile Industry to Boost Demand for Paper Tapes Worldwide
Paper tapes are gaining immersive attention in the automobile industry as vehicles require frequent renovation of damaged parts. These parts need to be painted accordingly, either earlier or with modified colors. Paper tapes are used during the painting and air spraying process to avoid color mixture from one end to other.
Finishing occurs after the paint is air sprayed, and paper tapes are removed from specific parts. No residue is left behind, as it is removed in the process. Paper tapes would eventually become popular as they provide a professional finish to automobiles.
Competition Landscape: Paper Tapes Market
Key players operating in the global paper tapes market include Scapa Industrial, Vibac Group S.p.a, 3M Company, Intertape Polymer Group Inc., Saint-Gobain Tape Solutions Europe, Shurtape Technologies LLC, Folsen Tapes, Advance Tapes International Ltd., Tesa SE, FABO s.p.a., Nitto Belgium NV, and Berry Global Inc. among others.
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Key Segments Covered in Paper Tapes Industry Research
Paper Tapes Market by Product Type
- Masking Tape
- Packaging Tape
- Consumer & Stationary Tape
- Others
Paper Tapes Market by Adhesive
- Rubber-based Adhesive
- Acrylic-based Adhesive
- Silicon-based Adhesive
Paper Tapes Market by Application
- Masking
- Packaging
- Sealing
- Bundling
- Fixing
- General Use
- Decorating
- Labelling
- Framing
- Tabbing & Splicing
Paper Tapes Market by Feature Type
- Single sided
- Double sided
Paper Tapes Market by End User
- Building & Construction
- Automotive
- Retail & Logistics
- Aerospace & Defense
- Healthcare
- Electronics & Electrical
- General Industries
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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.
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