The gummed tapes market is on a trajectory of remarkable growth, projected to witness a ~6.2% Compound Annual Growth Rate (CAGR) from 2021 to 2031. A recent market forecast reveals a nearly twofold increase in sales within this period. The study underscores the shift in demand towards fiber-reinforced gummed tapes, outpacing traditional paper gummed tapes, with demand surging fourfold in 2020. In 2021, Europe emerged as a frontrunner, accounting for nearly 25% of market share, while East Asia, driven by increased gummed tape production in China and Japan, is anticipated to grow by 7.8% Year-on-Year (YoY).
Future Market Insights (FMI) envisions a comprehensive comparison and review analysis of gummed tapes market dynamics, shaped by a range of industry factors including influences such as the cost-effectiveness of light packaging pressure-sensitive tapes compared to paper gummed tapes.
Recent market advancements include the introduction of biodegradable and recyclable material tapes. Notably, in April 2022, 3M collaborated with Innovative Automation Inc. to offer manufacturers an automated tape application solution characterized by precision, repeatability, and high output.
Get Sample of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-2821
FMI’s analysis indicates a projected 20 basis share points (BPS) decline in the gummed tapes market in H1-2022 compared to H1-2021. A subsequent decline of 40 BPS change is observed in the comparison between H1-2022 projected and actual outlook period. This change in growth rate is attributed to the presence of alternative materials like heat-activated tapes and BOPP packaging tapes, which limit the expansion of the gummed tapes market.
These tapes perform well in the normal temperature ranges once applied to the corrugated box. They also provide ease and convenience to seal the box with the highest level of safety and security to the box and also can be easily opened without the use of cutting tools.
On the back of such aforementioned factors, the global gummed tapes market is projected to surpass US$ 1.9 Bn by the end of 2031.
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.
“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.
Elimination Of The Gluing Step To Fuel The Sales Of Gummed Tapes
The tapes applied with glue have the risk of falling off from the product or container as the temperature or weather conditions changes. Therefore, this not only leads to the defect in the sticking but also affects the product safety by increasing the risk of product damage during the transportation process.
Use of gummed tapes eliminates the gluing step and thereby makes the sticking and tape application process easy. This also saves time along with the better sticking and adhesion properties as compared to the traditional tapes.
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
Ask an Analyst: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-2821
Sustainability Concerns To Encourage Gummed Taped Demand
Gummed paper tapes are made using the natural paper and are much easier to use as compared to the plastic packaging tapes. Due to mono materials, these tapes are easy to recycle along with waste carton boxes and therefore reduces recycling challenges over multi material packaging formats.
Unlike the traditional tapes, the gummed tapes do not need an additional synthetic adhesive for the sealing process and thereby proves an eco-friendly sealing option for the variety of end-user industries. This is expected to burgeon the sales of gummed tapes.
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.
About Future Market Insights, Inc.
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.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports