The global gummed tapes market is poised for remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 6.2% during the assessment period from 2021 to 2031. According to a new forecast by Future Market Insights (FMI), sales of gummed tapes are anticipated to nearly double between 2021 and 2031.
Market Dynamics
The gummed tapes market dynamics are influenced by various industry factors and specific influences such as light packaging pressure-sensitive tapes being cheaper compared to paper gummed tapes. The increasing demand for enhanced sealing and strong adhering properties, as compared to traditional gluing tapes, is driving the surge in gummed tapes sales.
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Comparison Analysis
According to FMI’s study, the gummed tapes market is expected to grow at a CAGR of approximately 6.2% from 2021 to 2031, compared to a 5% CAGR registered from 2015 to 2020. This significant increase underscores the growing preference for gummed tapes in various packaging applications.
Product Type Analysis
In terms of product type, brown gummed tapes are projected to dominate the market share. The high strength and eco-friendly nature of brown gummed tapes, made with plant-based adhesives and recyclable kraft paper, contribute to their increasing sales. These tapes can be easily recycled along with paper and corrugated boxes, making them a sustainable choice for packaging solutions.
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.
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Growth Drivers in the Gummed Tapes Industry:
- E-commerce Boom: The surge in online shopping and e-commerce activities is a significant driver for the gummed tapes market. As businesses strive to enhance packaging efficiency, gummed tapes offer a secure and tamper-evident solution, contributing to their increased demand.
- Sustainable Packaging: With a growing emphasis on sustainability, gummed tapes, often made from recyclable materials, appeal to environmentally conscious consumers and businesses. The shift towards eco-friendly packaging solutions is a strong driver for the gummed tapes market.
- Industrial Applications: Gummed tapes find extensive use in various industries, including manufacturing and logistics, due to their high adhesion properties and durability. As industrial activities continue to expand, the demand for reliable and robust packaging solutions like gummed tapes is expected to rise.
- Customization and Branding: The ability of gummed tapes to offer customization options, including branding and printing capabilities, is driving their adoption among businesses looking to enhance their packaging aesthetics and brand visibility.
- Stringent Regulations: Increasing regulations regarding packaging materials and the need for secure, tamper-evident packaging in industries such as pharmaceuticals and food are propelling the demand for gummed tapes. Compliance with these regulations is a key growth driver for manufacturers in the gummed tapes market.
Industry Trends:
- Technological Advancements: The gummed tapes market is witnessing technological advancements, such as innovations in adhesive formulations and application techniques. These advancements aim to improve the overall performance, durability, and usability of gummed tapes in various packaging scenarios.
- Rise of Biodegradable Options: The industry is experiencing a trend towards the development and adoption of biodegradable gummed tapes. As the global focus on sustainability intensifies, manufacturers are exploring and introducing eco-friendly alternatives to meet market demands.
- E-commerce Packaging Standardization: With the increasing dominance of e-commerce, there is a trend towards standardization of packaging materials. Gummed tapes are becoming a preferred choice for standardized packaging due to their reliability, cost-effectiveness, and ease of use in automated packaging systems.
- Growing Popularity of Reinforced Gummed Tapes: The demand for reinforced gummed tapes, equipped with additional strength through fiberglass or other materials, is on the rise. This trend is particularly noticeable in industries requiring heavy-duty and secure packaging solutions, such as the transportation of goods over long distances.
- Global Supply Chain Challenges: The gummed tapes market is affected by global supply chain challenges, including fluctuations in raw material prices and transportation disruptions. Industry players are adapting to these trends by implementing strategic sourcing practices and exploring regional manufacturing options to ensure a stable supply chain.
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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
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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