Paper Tapes Market Expected to Touch US$ 7.6 Bn by 2030

Paper Tapes Market research report guides the business in every sphere of trade to take the unmatched decisions, to tackle the toughest business questions and diminish the risk of failure. The report endows with the estimations on the market status, growth rate, future trends, Paper Tapes Market drivers, opportunities, challenges, entry barriers, risks, sales channels, and distributors. To implement this Paper Tapes Market research study, competent and advanced tools and techniques viz SWOT analysis and Porter’s Five Forces Analysis have been employed. Because businesses can accomplish great benefits with the different segments covered in the market research report, every bit of market that can be included here is touched vigilantly.

The global paper tapes market is expected to touch US$ 7.6 Bn by the year 2030 at a CAGR of 4.3% between 2022 and 2030.

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 FMI’s report on the paper tapes market offers comprehensive overview, covering growth drivers and restraints. Some of the key takeaways from the report are highlighted below.

Who Is Winning?

The paper tapes market is fragmented with Tier 1 companies accounting for about 40-45% of the overall market. Market players are likely to focus on deriving material from renewable sources to make their products more appealing to consumers. Some of the key players in the market are Intertape Polymer Group Inc., Berry Global Inc., Advance Tapes International, Pro Tapes & Specialities Inc., PPI Adhesive Products, Specialty Tapes Industry, Shurtape Technologies LLC, Atlas Tapes S.A., PPM Industries S.P.A. and Can-Do National Tape.

Key Takeaways from the Paper Tapes Market Report

• The paper tapes market is expected to grow at 4.3% CAGR between 2022 and 2030
• Rubber based adhesive tapes are finding increasing applications across diverse industries due their low price and better adhesion
• Masking tapes will remain a highly sought-after product within the market
• Demand for paper tapes for packaging will continue to rise through the forecast period
• Sales of paper tapes in building and construction industry will continue to rise

“Paper tapes are considered viable packaging solutions, especially because of their recyclability. They are one-time use products. So when no longer useful, these tapes can be recycled into eco-friendly products. They are usually sold fast and are considered great investment by manufacturers seeking to fulfil packaging needs of consumers” said an FMI analyst.

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Key Segments Covered in Paper Tapes Industry Research

• Paper Tapes Market by Product Type
• Masking Tape
• Packaging Tape
• Consumer & Stationary Tape
• Others

Paper Tapes Market by Adhesive

• Rubber-based Adhesive
• Acrylic-based Adhesive
• Silicon-based Adhesive

Paper Tapes Market by Application

• Masking
• Packaging
• Sealing
• Bundling
• Fixing
• General Use
• Decorating
• Labelling
• Framing
• Tabbing & Splicing

Paper Tapes Market by Feature Type

• Single sided
• Double sided

Paper Tapes Market by End User

• Building & Construction
• Automotive
• Retail & Logistics
• Aerospace & Defense
• Healthcare
• Electronics & Electrical
• General Industries

Paper Tapes Market by Region

• North America Paper Tapes Market
• Latin America Paper Tapes Market
• Europe Paper Tapes Market
• East Asia Paper Tapes Market
• South Asia Paper Tapes Market
• Oceania Paper Tapes Market
• Middle East & Africa (MEA) Paper Tapes Market

COVID-19 Impact Analysis

The COVID-19 pandemic has affected almost all sectors due to which demand for paper tapes has reduced significantly. The lack of goods transportation due to lockdown has decreased the need for paper tapes. Inadequate supply of raw materials too has affected the production. This is expected to cause decline in prices for paper tapes.

While industries such as automotive, packaging, and retail are likely to recover soon from their temporary period of lull, recovery in sectors such as building and construction is likely to be comparatively slower. This might hamper the overall growth of the market to an extent.

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Valuable Insights Into The Paper Tapes Market

Future Market Insights (FMI) has presented in its report a detailed analysis about the paper tapes market and compiled an assessment for the years 2022-2030. In order to give a detailed understanding, the market has been divided into several segments.

In terms of product type, the market has been segmented into masking tape, packaging tape, consumer & stationary tape, and others. On the basis of end use, it is segmented into building & construction, automotive, retail & logistics, aerospace & defense, healthcare, electronics & electrical and general industries. Based on the feature type, it is classified into single sided and double sided.

In terms of adhesive type, the market is classified into rubber based adhesive, acrylic based adhesive and silicon based adhesive. On the basis of application, it is segregated into masking, packaging (sealing, bundling, fixing), general use (decorating, labeling, framing and others) and tabbing & splicing. On the basis of geography, the market is segmented into North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa.

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