The gummed tapes market is expected to experience significant growth with a CAGR of approximately 6.2% between 2021 and 2031, resulting in nearly tripled sales. Gummed tapes, also known as water-activated tapes, are widely used in packaging due to their strong adhesive properties, ensuring secure sealing during transportation and storage.
The market growth is primarily driven by the increasing demand for packaging in the food, beverage, and consumer goods sectors. Gummed tapes are favored in packaging applications for their reliable sealing and tamper-evident characteristics. The expansion of e-commerce and online shopping further boosts the demand for gummed tapes to ensure safe and secure delivery of goods.
The gummed tapes market is segmented based on type, application, and region. Paper gummed tapes, known for their cost-effectiveness and eco-friendly nature, are the most popular type. The packaging industry is the largest end-user, benefitting from growing demand for packaged foods and beverages, rise of e-commerce, and online retailing.
The Asia-Pacific region is expected to witness the fastest growth in the gummed tapes market, particularly in countries like China and India, where significant market opportunities exist.
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Key Takeaways:
- By backing material, fibre reinforced tape is expected to hold around 90% of the market by 2031.
- Brown gummed tapes segment is forecast to hold the maximum share with a 6% CAGR during the assessment period.
- Starch adhesives are projected to expand by 2x over the next decade.
- The splicing segment is poised to expand at a CAGR of 7.5% by 2031, with year-on-year growth of 8% during 2025-2027.
- Shipping & logistics, food & beverages, and electrical & electronics segments are anticipated to collectively hold around 40% of the market share by end use.
- North America, Europe, and East Asia are projected to hold approximately 65% of the market share by the end of 2031.
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.
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.
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Key Insights of the Report on Gummed Tapes Market:
- Key Trends: The report highlights the key trends observed in the gummed tapes market. These trends provide valuable insights into the changing dynamics of the market and the factors driving its growth.
- New Advancements in Production Technologies: The report delves into the latest advancements in production technologies related to gummed tapes. It covers innovations and improvements in manufacturing processes, adhesive formulations, and packaging materials that are enhancing the performance and quality of gummed tapes.
- New Product Launches and Expansions: The report highlights recent new product launches and expansions in the gummed tapes market. It provides insights into the strategies adopted by key players to expand their market presence and meet the growing demand for gummed tapes.
“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.
Country-wise Insights: Lucrative Opportunities in USA, Growing Demand in Italy, and Growth in Germany’s Gummed Tapes Market
USA: The gummed tapes market in the USA is highly lucrative within North America, with a projected CAGR of 4.5% between 2021 and 2031. The growth is driven by the shipping, logistics, and food & beverages industries. Increasing demand from the food and beverages sector, requiring reliable container sealing for enhanced product safety and security, presents profitable opportunities for market players.
Italy: Italy is expected to dominate the gummed tapes market in Europe, driven by a growing focus on product development and sustainability. The country’s investment in research and development for sustainable gummed tapes, along with their improved sticking ability, tamper-evident features, and recyclability, drives production and demand. Italy is projected to contribute over 20% of overall sales in the European market by 2031.
Germany: The gummed tapes market in Germany is expected to grow with excellent recyclable properties and increasing demand from the food and beverage industry. The market is estimated to create an incremental opportunity of approximately US$40 million by 2031. The expansion of the shipping and logistics sector in Germany further contributes to growth opportunities, making it a lucrative market for gummed tapes within Europe
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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 FMI
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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