What Strategies are the Key Players Adopting for Increasing their Market Share in the Paper Gummed Tape Market?

Paper Gummed Tape Market Overview

Paper gummed tape also known as water-activated tape or WAT which provides advantages such as enhanced security, professional one-strip seal, faster application, and branding opportunity over other types of packing tape. Paper gummed tape is extensively used in applications like carton sealing, box sealing, bag sealing, wrapping and decoration and others and also they are very easy to use as compared to plastic packaging tape.

Increasing demand for safe and secure packaging during transportation coupled with a rise in the e-commerce industry are some of the factors which are expected to boost the sales of the paper gummed tape in the market. Also, paper gummed tape is widely used in e-commerce, shipping & logistic, and warehousing services for packaging of wide range of products. On the back of consistent demand from these end users, the global market for paper gummed tape is expected to remain positive throughout the forecast period.

For Information On The Research Approach Used In The Report, Request TOC@ https://www.futuremarketinsights.com/toc/rep-gb-13288

How E-Commerce is Driving the Growth of Paper Gummed Tape Market?

The rising demand for safe and secure product packaging to prevent the product from damage in e-commerce sector is accelerating the sales of paper gummed tape in global e-commerce sector. Also, paper gummed tape is highly demanded in the e-commerce sector as these tapes provide better tamper-proofing which is cost-effective and protective than plastic tapes. Furthermore, significant growth in online shopping is projected to boost the sales of the paper gummed tape in the market.

What Limits the Growth of the Paper Gummed Tape Market?

The factor which is restraining the growth of paper gummed tape is the price of raw materials which is used for manufacturing. The raw materials which are majorly used for the paper gummed tape are kraft paper, glycerine preservatives and other chemicals which has a higher initial cost and may affect the growth of the paper gummed tape market.

How the Corrugated Packaging will Create Opportunity for the Paper Gummed Tape Market?

Across the globe, in shipping & logistics sector, the demand for paper gummed tape is consistently increasing as it offers high adhesive strength and ensures tamper-evident packaging to corrugated packaging solutions coupled with damage-free transportation of the product. Therefore, the increasing demand for corrugated packaging in the shipping & logistics sector will bolster the sales of paper gummed tape.

For more insights into the market, request a sample of this report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-13288

What is the Key Trend Supplementing Sales of Paper Gummed Tape Market?

The top global manufacturers in the market are introducing eco-friendly tapes along with customization which is supporting the trend of sustainability of the product. Paper gummed tapes can easily be recycled and hence they are more eco-friendly as compared to plastic tapes. However, the sustainability trend adopted by manufacturers and industry end users are expected to propel the growth of the market in the forecast period.

Competitive Landscape

Global players:

• Better Packages
• Intertape Polymer Group
• Twincom Incorporated
• Shurtape Technologies, LLC
• Fipago
• Poh Kin Batam
• Ibergum, S.A.
• Others

Asia Pacific players:

• Fujian Jialong Adhesive Tape Co., Ltd.
• JoStick Adhesive Pvt. Ltd.
• Brindavan Udyog
• Alvi Packaging
• Ztec Resources Sdn Bhd
• Stick Tapes Pvt
• Packshop
• Foshan Opalus Adhesive Products Co., Ltd
• JIANGMEN BAOGUAN ADHESIVE MATERIAL CO., LTD
• Shenzhen AN BI CHANG Packaging Material Co., Ltd
• Many More

For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-13288

What Strategies are the Key Players Adopting for Increasing their Market Share in the Paper Gummed Tape Market?

The key players adopt various strategies such as product launch, merger & acquisition, innovation and others to survive and compete in the market.

• In October 2020, a company named Fujian Jialong Adhesive Tape Co., Ltd launched a product named Kraft paper tape which gives excellent sealing and packaging strength with affordable pricing.

Why will the Asia Pacific Generate Significant Demand for the Paper Gummed Tape Market?

East and South Asia are the fastest growing regions in the e-commerce sector. In this region, the e-commerce industry has tremendously increased coupled with the rising demand for protective and safe product packaging which is bolstering the growth for paper gummed tape.

How has COVID-19 impacted the Growth of the Paper Gummed Tape Market?

Due to the pandemic, the online delivery is gaining popularity due to safe and hygienic packaging of a product. Online delivery platforms were used mainly to order food & beverages items, medicines and other essential products which needs safe and secure packaging. Paper gummed tape secure all the essential products from getting damaged with precise packaging which uplifts the market growth during the pandemic.

Key Segments of Paper Gummed Tape Market Covered in the Report