Between 2021 and 2031, the gummed tapes market is expected to experience rapid growth with a CAGR of approximately 6.2%, 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, especially in the food, beverage, and consumer goods sectors. Gummed tapes are favored in packaging applications as they offer reliable sealing and tamper-evident characteristics. The expansion of e-commerce and online shopping has further contributed to the demand for packaging materials that can ensure the safe and secure delivery of goods, thereby boosting the demand for gummed tapes.
The gummed tapes market is segmented based on type, application, and region. Paper gummed tapes, known for their cost-effectiveness and environmentally friendly nature, are the most popular type in the market. The packaging industry serves as the largest end-user, benefiting from the growing demand for packaged foods and beverages, the rise of e-commerce, and the prevalence of online retailing.
Geographically, the Asia-Pacific region is expected to witness the fastest growth in the gummed tapes market. This growth is driven by the increasing demand in the packaging industry, particularly in countries like China and India, where significant market opportunities exist.
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In summary, the gummed tapes market is poised for significant growth, fueled by the packaging sector’s needs and the expansion of e-commerce and online retailing. The market offers various types of gummed tapes, with paper gummed tapes leading the way, and is geographically segmented, with Asia-Pacific anticipated to experience the highest growth rate.
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.
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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.
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.
Key Insights oF The Report
• Key Trends in the gummed tapes market
• New Advancements in Production Technologies
• New Product Launches, Expansions of gummed tapes market
“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, Increasing Demand in Italy, and Growth in Germany’s Gummed Tapes Market:
The USA Gummed Tapes Market: Lucrative Growth Driven by Shipping, Logistics, and Food & Beverages Industries The USA gummed tapes market is considered highly lucrative within North America, with an estimated market share of around 75%. The market is projected to grow at a CAGR of 4.5% between 2021 and 2031. This growth is primarily attributed to the expansion of the shipping and logistics industry, as well as the food and beverages industry. The increasing demand for gummed tapes from the food and beverages sector, which requires enhanced product safety and security through reliable container sealing, is creating profitable opportunities for market players in the USA.
Italy’s Increasing Demand for Gummed Tapes: Focus on Product Development and Sustainability Italy is expected to dominate the gummed tapes market in Europe, primarily due to the presence of key manufacturers in the country. The market in Italy is boosted by a growing focus on product development and investment in research and development activities aimed at developing sustainable gummed tapes. The qualities of gummed tapes, such as improved sticking ability, tamper-evident features, odorlessness, enhanced hygiene, and 100% recyclability, are driving their production and demand in Italy. It is projected that Italy will contribute over 20% of the overall sales in the European market by 2031.
Germany’s Gummed Tapes Market: Growing with Excellent Recyclable Properties and Demand from Food & Beverage Industry The gummed tapes market in Germany is expected to create an incremental opportunity of approximately US$ 40 million by the end of 2031. The market in Germany is driven by the excellent recyclable properties of gummed tapes and increasing demand from the food and beverage industry. The expansion of the shipping and logistics sector in Germany further contributes to growth opportunities for gummed tapes. Europe ranks among the top leaders in adhesive tape production by volume, as per AFERA (Association of European Adhesive Tape Manufacturers), and the presence of leading players in Europe, along with the overall expansion of the adhesive tapes industry, makes Germany a lucrative market for gummed tapes
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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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