The global paper gummed tape market is on a trajectory of significant growth, with an anticipated market value of US$ 4,010.97 million in 2023. This growth is expected to continue, exhibiting a robust compound annual growth rate (CAGR) of 4.2% in the forecast period from 2023 to 2033, reaching a substantial valuation of US$ 6,100 million. Notably, the market experienced a commendable 3.5% CAGR in the historical period from 2018 to 2022.
Several factors are driving the expansion of the paper gummed tape market. One key factor is the increasing demand for these tapes in developing countries, primarily due to their cost-effectiveness. Paper gummed tapes are favored for their affordability and are being increasingly used in various industries and applications.
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Another crucial aspect of this growth story is the rising use of water-activated tape in electronic devices. These tapes are valued for their high adhesive strength, making them ideal for securing delicate and valuable electronic components during transportation and handling.
Furthermore, the global expansion of manufacturing industries is contributing to the growing demand for shipping and logistics services. These industries require adhesive tapes that are not only strong but also reliable. Paper gummed tapes are fulfilling this demand by offering better adhesive strength compared to traditional options.
As manufacturing continues to evolve, the need for effective and robust packaging solutions, including paper gummed tapes, will persist, driving the market’s growth. These tapes are becoming integral to various industries, further solidifying their position in the global market.
Business Growth Opportunities:
- Customization Services: Offering customization options for paper gummed tape, such as branding, colors, and sizes, can attract businesses looking for personalized packaging solutions.
- Eco-Friendly Packaging Solutions: With the growing emphasis on sustainability, positioning paper gummed tape as an eco-friendly alternative to plastic tape can appeal to environmentally-conscious consumers and businesses.
- Expansion into E-Commerce Sector: As online shopping continues to rise, there is a growing demand for secure packaging solutions. Positioning paper gummed tape as a reliable option for e-commerce businesses can open up new avenues for growth.
- Partnerships with Packaging Companies: Collaborating with packaging companies to integrate paper gummed tape into their packaging solutions can create mutually beneficial partnerships and expand market reach.
- Investment in Research & Development: Investing in R&D to improve the adhesive properties, durability, and tear resistance of paper gummed tape can enhance its competitiveness and attract a broader customer base.
Upcoming Trends in the Paper Gummed Tape Industry:
- Biodegradable Formulations: As environmental concerns become more prominent, there is a growing trend towards developing biodegradable adhesives for paper gummed tape, aligning with sustainability initiatives.
- Increased Automation: Automation technologies in manufacturing processes can streamline production, reduce costs, and improve efficiency in the paper gummed tape industry.
- Digital Printing Technologies: Utilizing digital printing technologies allows for more intricate designs, branding options, and customization capabilities on paper gummed tape, catering to diverse customer preferences.
- Integration of IoT and Tracking Systems: Integrating IoT-enabled tracking systems into paper gummed tape can provide real-time insights into package handling, delivery status, and security, enhancing supply chain visibility and customer satisfaction.
- Rise of Anti-Tamper Features: With concerns about product tampering and security, there is a growing demand for paper gummed tape with anti-tamper features such as tamper-evident seals and advanced security measures. Investing in such features can cater to the needs of industries requiring secure packaging solutions.
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Report Benefits & Key Questions Answered
- Historical Market Analysis: The detailed survey by FMI, examines key factors in the Paper Gummed Tape market that affected the growth in the industry for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Paper Gummed Tape industry for the forecast period 2023-2033.
- Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Paper Gummed Tape for the assessment period. As per the study, the demand for will grow at a robust CAGR between 2023 and 2033.
- Market Trend Analysis: The latest study by FMI on the Paper Gummed Tape market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist industry players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The industry survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of industry. The survey provides a thorough industry share analysis to offer an in-depth analysis of prevailing competition.
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Key Segments of Paper Gummed Tape Market Covered in the Report
Based on Product Type:
- White kraft Gummed Tape
- Brown kraft Gummed Tape
Based on Adhesive Type:
- Rubber Based Adhesive
- Acrylic Based Adhesive
- Other Adhesive
Based on End-use Industry:
- Food & Beverages
- Automotive
- Healthcare & Pharmaceuticals
- Personal Care
- Chemical
- Agriculture
- Others
Based on Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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