Market Research Blog

The market for protein purification resin is estimated to be worth US$ 5.7 billion in 2022 and is expected to grow to US$ 13.8 billion in 2032. According to predictions, the market would grow at an astounding CAGR of 9.3% from 2022 to 2032.

The rising availability of non-governmental and governmental funds, along with increased spending on research and development operations globally, is the main market driving factor for the global protein purification resin market.

The increase in the availability of governmental and non-governmental funds and increased expenditure on research activities are mainly driving the global market of protein purification resin. The use of protein purification resin in the downstream processing is mostly in the research and development, academic institute, and pharmaceutical industry, with some extent in a contract research organization.

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Protein Purification Resin Market: Key Participants –
Some of the market participants in the protein purification resin market are:
• Promega Corporation
• Labome
• Pall Corporation
• IBA GmbH
• Takara Bio Inc.
• Purolite Life Sciences
• BioVision Incorporated
• Westburg BV
• Roche Holding AG
• Sterogene Bioseparations
• Expedeon Ltd.
• Thermo-Fisher Scientific
• Mayflower Bioscience
• Merck KGaA
• Molecular Cloning Laboratories

The Increasing Spending On The Research And Development Activities And The Rising Trend Of Contract Research Organization (CRO) Is Creating The Surge In The Demand For The Protein Purification Resin In The Global Market

The global market for protein purification resin is mainly driven by increasing research and development activities.

The increasing expenditure on the research and development by the governmental, non-governmental, and private authorities is resulting in the expansion of the research activities.
The use of protein purification resin in the downstream processing of high quality and low quantity compounds is essential to attain the required purity with an efficient and convenient method.

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Apart from research and development activities, the global protein purification resin market is driven by the pharmaceutical industry. With the increasing prevalence of diseases and health issues, the consumption of pharmaceutical products has increased rapidly in the course of a few years.
The purity aspect is the most important factor in the pharmaceutical industry. The protein purification resin is used in the pharmaceutical industry in the small-scale and medium-scale downstream processing.

The rate of expansion of the pharmaceutical industry in the developing nations is creating a positive outlook in the global protein purification resin market.

The global protein purification resin is also driven by the increasing contract research organization. Many biotechnological, pharmaceutical and medical companies use contract research organization for drug discovery and development activities.
The manufacturers of protein purification resin are continuously innovating and launching new products that are applicable for different parameters such as low- to medium-pressure liquid chromatography. The availability of new and innovative protein purification resin products is also increasing sales of the products in the global market.

Protein Purification Resin Market: Regional Analysis

At present, the global protein purification resin market is largely occupied by the developed nations from North American and European region. The robust research and development field and pharmaceutical industry are supporting the high consumption of protein purification resin in the global market by the countries of these regions.

Whereas, the Asia Pacific is expected to witness the highest growth rate in the global protein purification resin market. The increasing activities of research and development are expected to propel the consumption of protein purification resin in the global market.
Moreover, the pharmaceutical industry is developing and flourishing at a tremendous rate in the Asia Pacifica and Middle Eastern and African region, which also creates global protein purification resin market.

The research report presents a comprehensive assessment of the Protein purification resin market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

The research report provides analysis and information according to market segments such as form, grade, and end use.

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Protein Purification Resin Market Segmentation

The protein purification resin market can be segmented on the basis of type, end use, and distribution channel.
On the basis of type, the protein purification resin market can be segmented as:
• Protein A
• Protein G
• Protein L

On the basis of end use, the protein purification resin market can be segmented as:
• Pharmaceutical
• Research Laboratories
• Academic Research Institute

On the basis of distribution channel, the protein purification resin market can be segmented as:
• Direct Sales Channel/ B2B
• Indirect Sales Channel/B2C
• Specialty Stores
• Online Retail
• Other Retail Format

Protein A Resin Market Dynamics

Drivers: Increasing demand for therapeutic antibodies
Chromatography is an essential step in the purification of monoclonal antibodies (mAbs). Over the past decade, there has been a tremendous increase in the demand for monoclonal antibodies in oncology and several other therapeutic areas, including neurological, autoimmune, and inflammatory disorders.

As a result, almost all major pharmaceutical companies are focusing on the R&D of therapeutic antibodies

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The market for pharmaceutical containers will increase from US$ 90 billion in 2022 to US$ 180.38 billion in 2032, with a CAGR of 7.2%. An essential part of the medical sector are the pharmaceutical containers.

The need for pharmaceutical containers has increased since the COVID-19 pandemic, particularly for the storage of vaccinations.

The scope and definition of pharmaceutical containers market includes revenue from packing materials used for protecting, storing, organizing, transporting of pharmaceutical products.

Pharmaceutical bottles are packaging systems specifically designed to meet the packaging requirements for pharmaceutical substances such as tablets, capsules, solutions & suspensions, sterile injectable and others, whereas vials are small containers that are mainly used to certify that patients take their dosage of drug in a precise quantity with timely manner. Plastic bottles and vials play vital role in growth of pharmaceutical container market globally.

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Ease of storage, accurate dosing, and ease of disposal is driving the demand for pharmaceutical container market 

Plastic bottle accounts for the significant share of the pharmaceutical container market due to the low cost, durability, and versatility. Plastic bottles are cheaper to produce, easier to replace, and convenient to transport to long distances, hence driving the demand of pharmaceutical container market.

Whereas vials ensure precise dosages which helps patients prefer self-administration of the medicine and are without any formal medical training. Owing to its manufacturing and formulation design, ampoules and vials can be stored easily due to its crack resistant covering/shield in which it is stored and transported.

Therefore escalating the need of pharmaceutical containers market. Technological advancement in the pharmaceutical industry will impact positively in the growth of pharmaceutical containers market.

Who are Some of the Key Players in the Pharmaceutical Containers Market?

Some of the key players in the pharmaceutical containers market are

• Amcor plc;
• Becton Dickinson and Company;
• AptarGroup, Inc.;
• Drug Plastics Group;
• Gerresheimer AG;
• Schott AG;
• Owens Illinois, Inc.;
• West Pharmaceutical Services, Inc.;
• Berry Global, Inc.;
• WestRock Company;
• SGD Pharma;
• International Paper;

Comar, LLC; CCL Industries, Inc.; Vetter Pharma International.

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Key Segments Profiled in the Pharmaceutical Containers Market Survey

By Product:

• Bottles
• Standard
• Dispensing
• Jars
• Vials
• Cans
• IV Containers
• Semi Rigid IV Containers
• Premixed IV Mini bags
• Ampoules
• Others

By Material:

• Plastic
• PE
• LDPE
• HDPE
• Polystyrene
• Polycarbonate
• Polypropylene
• PVC
• PET
• Glass
• Type-1
• Type-2
• Type-3
• Others

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The size of the worldwide tool box market is anticipated to reach US$ 6.8 billion and develop at a CAGR of 8.3% from 2022 to 2032. In 2022, its estimated worth is 4.5 billion US dollars. Sales of tool boxes are expected to increase in the next years due to the youthful population’s strong desire for various tool storage products as a result of the growing popularity of DIY trends.

A tool box, also known as a workbox, tool kit, or tool chest, is a container that is specifically made to hold and transport a large number of hardware and electrical tools. It varies depending on what the owner needs and is primarily comprised of plastic or metal.

Which are Some Prominent Drivers Spearheading Tool Boxes Market Growth?

The high demand for tool boxes made of steel backed by their ability to provide improved security and robust structure is anticipated to bode well for the market. But, the demand for aluminum boxes is likely to surge in the evaluation period as steel is subjected to rust. Unlike steel boxes, aluminum ones are lightweight.

The development of plastic tool boxes made with polyethylene is another major factor that is expected to drive the market. These are considered to be tough, rugged, and highly durable for regular usage. In addition, plastic boxes are corrosion resistant and very light in terms of weight.

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Key Learnings:

• Over the projection period, steel tool boxes will rule the market.
• Over the projection period, demand for tool boxes made of aluminium and plastic will increase.
• Over the course of the assessment period, demand in the automotive industry will continue to grow.
  The market for tool boxes in North America has a lot of room to develop.
• Major tool box manufacturers in Canada and the US are developing smart locking technologies that will help the market expand.
• The Asia Pacific tool box market would benefit from China and India’s expanding building industries.

Market Competition

Some of the leading players operating in the global tool boxes market include

• Prokit’s Industries,
• SAM Outillage,
• Stanley Black & Decker,
• Stahlwille, Huot Manufacturing,
• K-Tool International,
• Techtronic Industries,
• Apex Tools Group,
• Taparia,
• Griffon Corporation, and
• Snap-on Inc. among others.

The global market is highly fragmented with the presence of a plethora of companies aiming to remain in the leading position. Majority of these companies are currently focusing on research and development activities. They are doing so to come up with state-of-the-art methods for the discovery of affordable, robust, and lightweight tool boxes to provide a high comfort level to customers. Meanwhile, some of the other key players are adopting attractive advertising strategies to gain new growth opportunities in this market.

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Key Segments Profiled in the Tool Boxes Industry Survey

By Material:

• Plastic
• Aluminum
• Steel

By Product Type:

• Hand-carry Tool Boxes
• Stationary Tool Boxes
• Truck Mounted Tool Boxes
• Portable Rolling Tool Boxes
• Upright Roll-around Tool Boxes

By End User:

• Professional Use
• Household

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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The size of the worldwide mesh bag market is anticipated to surpass US$ 5.9 billion in 2022 and develop at a CAGR of 3.2% from 2022 to 2032. In 2032, it is projected to reach US$ 9.3 billion. Sales of mesh bags are projected to increase in the next years due to the development of environmentally friendly bags including drawstring bags, nearly clear bags made of recycled plastic, and European string bags by key companies.

Mesh bags are expected to become extremely popular in the next years since they offer excellent product visibility and ventilation. These are typically used to transport fruits and vegetables and frequently come with personalised labelling. These knitted or woven shop bags are regarded as optimal.

Get Sample of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8879Mesh bags are set to gain immense popularity in the future years as these provide high product visibility and breathability. These often contain custom labels and are mainly used for carrying vegetables and fruits. These are considered to be ideal retail bags that are knitted or woven by using fabric or plastic.These can be easily shaped as per the requirements of customers. Square, rectangular, oval, diamond, and hexagonal are some of the most common types of mesh bags that are available in the market. The rising focus of many companies on the manufacturing of cotton bags backed by the high demand for sustainable retail bags, as compared to plastic, is projected to drive the mesh bags market growth in future.

These bags are capable of keeping fruits and vegetables fresh for a long period of time. These have breathability property which helps in providing sufficient air circulation to the content present inside them and keeps them fresh.

What are some notable factors propelling the market for mesh bags?
One important aspect that is anticipated to significantly increase the size of the global mesh bag market throughout the assessment period is the rising production and sales of cotton bags throughout the world. Cotton mesh bags are frequently favoured over plastic retail bags because they can be washed.

Numerous uses call for various sorts of bags. For the purpose of rearing oysters, mesh bags constructed of HDPE are frequently used. These are made utilising a variety of methods, including knitting and extrusion.

The market is projected to do well given the soaring demand from supermarkets and hypermarkets for reusable and cotton mesh bags to fill with a precise amount of fruits and vegetables.

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Market Competition

Some of the leading mesh bags manufacturers operating in the global market include

• Vedder Industrial,
• Volm Companies,
• SG Global Packaging,
• Karatzis,
• Krishna Polynet,
• Min Shen Enterprise,
• Cady Bag, and
• Agribag among others.

Majority of the prominent companies present in the global market are focusing on the launch of cutting-edge products to meet the high demand from customers across the globe. A few other companies are aiming to co-develop new products by engaging in collaborations and partnerships. Meanwhile, some of the other manufacturers are striving to expand their production capacities by opening novel facilities in untapped areas.

Key Segments Profiled in the Mesh Bags Industry Survey

By Material Type:

• Jute
• Cotton
• Polypropylene
• High Density Polyethylene
• Plastic

By Product Type:

• Tube Style Mesh Bag
• Half-n-half Bags
• Leno Bags
• Raschel Bags

By Mesh Type:

• Large
• Middle
• Small

By Capacity:

• 500-1000 lb
• 50-100 lb
• <50 lb
• 1000 lb and Above

By End Use:

• Vegetables
• Fruits
• Other Groceries

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

Related Reports: 

Europe Bulk Bags Market: The rising demand for shipping industrial chemicals and mining products in bulk with safety has led to increasing manufacturing of bulk bags such as antistatic bags cross corner bag and among others.

Jumbo Bags Market: The growing demand for flexible packaging formats among various end-use industries has led to the expansion of the jumbo bags market

Reflective Air Bags Market: The rising demand for reflective air bags packaging is gaining traction day by day due to its flexible packaging format

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports

The global PET packaging market is slated to reach a valuation of US$ 77.2 Bn in 2022. Expanding at a steady 4.9% CAGR, the market valuation is set to top US$ 124.1 Bn by 2032.  

PET material is a lightweight and clear plastic that’s commonly used for packaging products. It is available in both rigid and flexible forms, which makes it useful for specific end-use applications. PET packaging is distinguished by its high strength, inexpensiveness, recyclability, lightweight, transparency, and high rigidity. 

Innovation and customisation of PET packaging are creating prospects for growth in the market. In addition to this, the ongoing expansion of sectors such as food & beverage, pharmaceutical & healthcare, personal care & cosmetics, and home care are expected to boost demand for PET packaging. 

Further, growing trend for sustainable plastic packaging solutions is anticipated to bolsters sales in the market. Manufacturers are launching customized solutions as per end-use requirements, which will augment the growth in the market.  

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Will Increasing Focus On Design And Innovation In PET Packaging Influence Demand?

Surging demand for customized packaging solutions from various end use sectors is driving innovations in the packaging sector. Plastic packaging manufacturers are offering innovative and functional features in the product such as recyclable, lightweight, durable, easy-to-handle, and easy-to-use.

For instance, Amcor plc offers a PET round bottle that has various features such as tamper-evident, lightweight, recyclable, portable, and shatter-resistance. This trend is expected to continue over the assessment period, creating opportunities for growth in the market.

 “Growing preference for recyclable, durable and, cost-effective packaging solutions will bolster the demand for PET packaging. Also, customization offered by PET packaging manufacturers will fuel growth in the market,” says an FMI analyst. 

Key Takeaways: 

• Based on packaging type, demand in the rigid PET packaging segment will increase at a 5% CAGR through 2032.  

• By product type, the bottles & jars segment is projected to create an incremental opportunity of US$ 17.1 Bn. 

• In terms of end-use industry, food & beverage segment will expand at a steady pace pver the forecast period. 

Competition Landscape  

• Berry Global Group,
• Mondi Group,
• Amcor plc,
• Sonoco Products Company,
• Huhtamäki Oyj,
• CCL Industries, Inc.,
• Gerresheimer AG,
• Klöckner Pentaplast GmbH & Co. KG,
• ProAmpac LLC,
• Sealed Air Corporation,
• SCHUR FLEXIBLES GROUP,
• CLONDALKIN GROUP,
• Constantia Flexibles Group GmbH

are some leading players operating in the global PET packaging market. Some recent developments include:  

• In April 2020, Amcor plc announced the launch of a family stock of polyethylene terephthalate (PET) bottles to meet the increasing demand for e-commerce ready packaging. 

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PET Packaging Market By Category

Packaging Type:

• Rigid PET Packaging
• Flexible PET Packaging

Product Type:

• Bottles & Jars
• Caps & Closures
• Trays & Clamshells
• Bags & Pouches
• Films & Wraps
• Labels
• Others

End-use Industry:

• Food & Beverage
• Pharmaceutical & Healthcare
• Personal Care & Cosmetics
• Homecare
• Automotive Parts
• Electricals & Electronics
• Chemicals
• Others

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

The global tableware market is expected to reach a valuation of US$ 44.5 Bn by 2032, with sales growing at a 5.6% CAGR over the forecast period. 

Changing purchasing behavior influenced by the developing domestic segment and increasing urbanization will drive the sales of tableware. People in cities are progressively adopting a western lifestyle in several emerging economies, driving the tableware demand.  

The tableware market has grown significantly as a result of changing lifestyle and trends, particularly in developing countries. In addition, rising business sectors, particularly the hospitality business, have enhanced their offerings, boosting the tableware market. Furthermore, the global tableware market is expected to rise due to the quickly increasing number of domestic renovations, growing number of household units, and the growth in the construction of modular kitchens.  

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Subsequently, expansion of commercial sectors, especially in the hospitality sector in developing nations such as India and China, are positively affecting the sales in tableware market. 

However, usage of disposable plates in hotels and restaurants due to low cost, low resilience of ceramic tableware, and expensive pricing of top quality items are projected to stymie the growth in tableware market.  

Key Takeaways  

• Ceramic tableware is expected to increase at the fastest rate owing to the development of low-cost ceramic ware. 
• The U.S. tableware market is expected to rise significantly with growing innovative material technologies for tableware accessories.  

• Based on distribution channel, the online channel is expected to dominate the market, accounting for 35% of total sales. 
• During the forecast period, the India tableware market is expected to grow at a CAGR of 7.9% spearheading the growth in South Asia tableware market. 

 “The global tableware market is projected to recover and show considerable growth over the forecast period. Tableware manufacturers are expected to profit from investing in ceramic tableware owing to the improved standard of living and preference for unique and lightweight tableware accessories.” –FMI Analyst

Ceramic Tableware Segment to be the Key Driver of the Global Tableware Market 

In comparison to many other materials, ceramic tableware is the most preferred tableware material as it can easily be cleaned and are stain-resistant. The ceramic segment is expected to have the largest share in the global tableware market in 2021. 

Sales are driven by increasing preference to have their dinnerware of ceramic for household purposes. Also, demand for ceramic ware will surge among hotels and restaurants to add a unique and personal touch.  

In addition, changing lifestyle, increasing disposable income, and introduction of low-cost ceramic ware will boost the ceramic tableware segment. 

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Global Tableware Market Landscape 

The key players in the global tableware industry are concentrating on providing lighter-weight and more environmentally friendly packaging. Some of these key players are

• Lenox Corporation,
• Abert SpA,
• Anhui Deli Household Glass Co., Ltd.,
• Meyer Corporation Group,
• Saint-Louis,
• Steelite International plc,
• Raynaud Limoges,
• ARC International SA,
• Villeroy & Boch AG,
• Noritake Co.,
• Limited,
• Lifetime Brands, Inc.,
• La Opala RG Limited,
• Stölzle-Oberglas GmbH,
• The Oneida Group, Inc.,
• Dankotuwa Porcelain PLC.

Global Tableware Market by Category

By Material:

• Glass
• Ceramic
• Metal
• Others (Plastic, Fiber, Wood, etc.)

By Distribution Channel:

• Online
• Offline

By Product:

• Plates
• Bowls
• Cups
• Trays

As per Future Market Insights (FMI), the demand in the food trays market is forecast to rise at a CAGR of 4.6% between 2022 and 2032, up from 2.2% CAGR registered in 2015-2021. 

Due to the advent of appealing, user-friendly applications, and tech-enabled driver networks, as well as evolving customer expectations, ready-to-eat food delivery has emerged as a vital business.  

Surge in online food delivery during extended period of lockdown in 2020-2021 helped the market to stay afloat. FMI however forecasts sales to recover, as restaurants and cafes begin operating worldwide without any COVID-19 induced restrictions.  

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Key Takeaways from Food Tray Market 

• Plastic is the most used material for manufacturing food trays and it holds a market share of almost 66.5%. 
• Multi cavity trays/partition trays are creating buzz in the global market driven by the increasing consumption of ready to eat food among millennials.  
• Restaurants and cafes will remain the chief end-use category, exhibiting a CAGR of 4.5% between 2022 and 2032.  
• The China food trays market projected to register a CAGR of 5.9% during the forecast period.  

“To reduce carbon footprint, instead of manufacturing single-use plastic trays, manufacturers are now producing reusable plastic trays, which is expected to increase plastic tray sales by exponentially over the next decade,” – says a FMI Analyst

Millennials Inclination towards On-the-Go Food and Portion Packs Inspiring Key Players for Innovation  

Food trays are primarily consumed in meat and confectionery & bakery products packaging. It enhances shelf display and thus results in quick purchase decisions among consumers. As food trays in combination of smart and active packaging offer better shelf life to the inside product, many of the food product manufacturers are switching to trays packaging from the bulky and tradition box packaging. Besides this, consumer demand for single consumed portion packs and on-the-go food propelling exponential sales of food trays.  

On the back of aforesaid market trend, manufacturers are planning to create eye catchy, transparent looks, and small portion food trays made up of complete recyclable material. This has significant impact on the global food trays market, as this step is minimizing carbon footprints. 

Sustainable and Green Manufacturing is the New Face of Food Tray Market 

Paper trays, fiber-based trays, sugarcane trays, palm leaf trays, corn-starch trays, bagasse trays, and even plant-based polymers are key alternatives to plastic trays and provide a significant challenge to the plastic trays sector, reducing its growth. Because it integrates low-density polypropylene and contains minimal levels of polyethylene thermoplastic, reusable plastic trays are gaining appeal in a number of industries due to rising environmental concerns among consumers of plastic trays. 

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Food Tray Market Landscape 

Some of the leading players included in the food trays market are players like

• Amcor PLC,
• Sonoco Products Company,
• Huhtamaki Oyj,
• DS Smith Plc,
• Mondi Group PLC,
• International Paper Co,
• Brodrene Hartmann A/S,
• ESCO Technologies Inc.,
• UFP Technologies, Inc.,
• Pactiv LLC,
• Tray-Pak Corporation,

Novolex, BillerudKorsnas, D&W Fine Pack LLC, Henry Molded Products, Inc., OrCon Industries Corporation, Fibercel Packaging Llc., Faerch A/S, Silver Plastics GmbH & Co. KG and Quinn Packaging. 

Food Trays Market By Category

By Material Type, Food Trays Market is Segmented as:

• Plastic
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Others (HIPS, HDPE, etc.)
• Paper & Paperboard

By Tray Type, Food Trays Market is Segmented as:

• Single Cavity
• Multi Cavity

By End Use, Food Trays Market is Segmented as:

• Food Producers & Processors
• Restaurants & Cafes
• Catering Services
• Food Courts
• Online Food Delivery

By 2032, Tapes Market is anticipated to reach a valuation of US$ 120.1 Bn and grow at a 4.8% CAGR. Due to the growing requirement for protective packaging to preserve damage-free transits, the market for tapes has grown globally. Sales of pressure-sensitive tapes, one of the most popular goods, are predicted to grow at a CAGR of 5.4% from 2022 to 2032, up from a CAGR of 3.5% from 2015 to 2021.

The exponential use of masking tapes in the building and construction sector is what is driving the growth of the global tapes market in terms of end use.

Key Takeaways from Global Tapes Market 

• The pressure-sensitive tape segment will remain top performing in terms of tapes type, representing nearly ~65% of the sales by the end of the forecast period.  
• Demand for tapes in the building and construction segment will accelerate at a CAGR of 5.1% between 2021 and 2031.  
• The China tapes market projected to register a CAGR of 5.6% during the forecast period.  

• Germany will emerge as a highly lucrative market for the sales of tapes within Europe. 
• The U.S. will register high sales of tapes, backed by demand in construction and automotive sectors.  

“Companies operating in the tapes market are expected to focus on diversification to cater to specific industrial requirements. Besides this, they are expected to gradually migrate to online platforms to expand their global reach,” said an FMI analyst.

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Building and Construction Sector is the Key Driver of Global Tapes Market 

Tape producers have developed a diverse array to fulfil the demand for a wide range of indoor painting applications. This has resulted in the high demand for masking tapes. The sales of masking tapes is driven by their ease of use and low cost of, as well as the availability of single-sided and double-sided masking tapes. 

Leading automotive manufacturers and suppliers rely heavily on diverse adhesive solutions for a variety of applications. Masking tapes have diverse uses within the automotive sector. These include wire harnessing, surface protection, and attachment part mounting. 

Why Are Pressure Sensitive Tapes Highly Sought-After?

Pressure sensitive adhesive is a non-reactive adhesive that binds to a surface when pressure is applied. The special feature of pressure sensitive tapes is that they do not solidify but remain viscous. As a result, they are perpetually sticky and have the quality to stick to wet surfaces when they come into touch with them.

Pressure sensitive tapes are significantly contributing towards the growth of the market due to their widespread acceptability, increasing application in tapes and labels, and strong demand in APAC.

Global Tapes Market Landscape 

Some of the leading players included in the global tapes market analysis are

• 3M Company,
• Shurtape Technologies LLC,
• Tesa SE,
• Saint-Gobain Tape Solutions Europe,
• Nitto Belgium NV,
• Advance Tapes International Ltd.,
• PPM Industries S.p.A,
• Vibac Group S.p.a,
• Intertape Polymer Group Inc.,
• Berry Global, Inc.,
• Beorol d.o.o,
• Folsen Tapes,

FABO s.p.a., Scapa Industrial, Cintas Adhesivas Ubis, S.A., MBK Tape Solutions, NADCO® Tapes & Labels, Inc., Pro Tapes & Specialties, Inc., Sicad Group and PPI Adhesive Products Limited. Based on the segmental revenue FMi team estimates that 3M Company, Shurtape Technology LLC, Tesa SE, are some of the Tier 1 players holding nearly 12-15% values share in the global tapes market. 

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Global Tapes Market By Category

By Tape Type, Global Tapes Market is Segmented as:

• Pressure-Sensitive Tapes
• Masking Tapes
• Duct Tapes
• Filament Tapes

By Material Type, Global Tapes Market is Segmented as:

• Paper
• Plastic
• Metal Foil

By End Use, Global Tapes Market is Segmented as:

• Automotive
• Electric & Electronics
• Building & Construction
• Pharmaceutical & Medical Devices
• Food & Beverages
• Defence/Aerospace
• Others

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

2. Market Overview

2.1. Market Definition/Scope/Limitations

2.2. Market Coverage/Taxonomy

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation/Development Trends

The global tags market is valued at US$ 10.9 Billion in 2022 and is expected to reach US$ 18.2 Billion by 2032, at a CAGR of 5.2% from 2022 to 2032. The value of overall tags market is expected to showcase year-on-year (Y-o-Y) growth of 4.5% in 2021-2022. The tags market is anticipated to be led by North America, which is projected to account for a market share of 21.4% in 2022.

FMI estimates that in 2022, the Japan tags market will increase 5.8% year on year. Across the East Asia, total revenue of tags is forecast to reach US$ 2,108.5 Million in 2022.

Key Takeaways from Tags Market 

• By material type, the plastic segment accounts for the leading share of 43% in the global tags market.  
• On basis of tag type, RFID tags will remain more preferred due to their durability and ease in inventory & asset management. The segment is anticipated to increase 1.8 times during next 10 years.  
• In terms of end use, the clothing & apparel segment will create incremental opportunity of US$ 2,444.1 Mn because of the rise in disposable income of middle class families in emerging economies.  
• South Asia and East Asia collectively are expected to register maximum growth rate of 7.2% and 6.5%, respectively by 2032.  

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Increase in Demand for RFID Tags to Increase Sales in Market 

In the last decade, usage of RFID tags has drastically increased in the consumer electronics segment. They have been proven quite useful & handy when it comes to logistical management.  

RFID tags are a type of tracking system which uses radio frequency to track, search, communicate and track with items or people. RFID tags are known as smart labels, as they easily store a ton of varied range of information like a short description, serial numbers or even pages of data.  

Due to usage of low, high & ultra-high radio frequencies in market to identify shoplifters and other risks to different merchandise which in turns uplifts the revenue generation.  

Nowadays, usage of RIFD tags have seen an increase in end use industries such as clothing & apparel and cosmetics. This trend is exponentially increase the demand for RFID tags which helps in asset management. This will result an increase in the demand of RFID tags over the forecast period. 

How Will Printing On Tags Elevate The Brand Image Of Product?

Leading as well as small food & beverages, beauty and personal care, clothing and apparel industry players across the globe are preferring labeling solutions such as RFID tags, hang tags, loop tags, and swing tags for brand promotion and attract customers.

Printing on tags with precise product information helps brand owners to differentiate their products from that competitors’, already available in the market. Tags can be printed using various printing options such as flexographic printing, direct thermal and thermal transfer, and others as per the requirement.

These custom printing options enable printing on tags starting from barcodes to track your product to any other form of information as per the customer needs. Quality of print on tags plays a pivotal role in tags aesthetic look and its finishing. Such printing on tags improves the overall look of tags and make it attractive and it also gains the attention of consumer towards the product.

Tags Market Landscape 

• Dortex Werbung und Vertrieb mbH,
• Zebra Technologies Corp.,
• Honeywell International,
• Sato Holdings Corp.,
• Finotex USA Corp.,
• CCL Industries Inc.,
• Pacific Coast Bach Label Inc.,
• NXP Semiconductors,
• Confidex Ltd.,
• GAO RFID Inc.,
• HID Global Corp.

are also the noticeable players in the tags market. The Tier 3 players in the market hold 65-70% in the global tags market. In conclusion, key players contribute almost 30-35% of the global market. 

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Tags Market By Category

By Material Type, Tags Market is segmented as:

• Plastic
• Paper
• Fibers
• Others (Metal, etc.)

By Tag Type, Tags Market is segmented as:

• RFID Tag
• Hang/ Swing Tag
• Loop Tag

By End Use, Tags Market is segmented as:

• Food & Beverage
• Clothing & Apparels
• Hospitality & Travel
• Beauty & Personal Care
• Consumer Electronics
• Others

Table of Content

1. Executive Summary

1.1. Global Market Overview

1.2. Market Analysis

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Definition

2.2. Market Coverage

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

In 2022, the market for rubber tapes is anticipated to generate US$ 914.3 Mn. Market valuation is anticipated to reach US$ 1.4 Bn in 2032, with sales increasing at a 4.4% CAGR. According to the analysis, ethylene polypropylene rubber tapes will become the most popular product types on the worldwide rubber tapes market. Over the evaluation period, ethylene polypropylene rubber tape sales are anticipated to increase overall by 1.6 times.

The market will continue to be driven by increased sales of rubber tapes for repairing and protecting combined with rising costs for routine upkeep and maintenance of machinery and equipment. By 2022, applications for repairing and safeguarding things will account for more than 39% of all rubber tape usage.

“Growing adoption of rubber insulation tapes in the electrics and electronics industry, along with increasing demand from the automotive industry will continue driving the rubber tapes market over the forecast period,” says the FMI analyst.

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Key Takeaways:

• Based on product type, sales in the ethylene-propylene rubber tapes segment will reach US$ 655.9 Mn in 2032.
• Total sales of rubber tapes having a thickness between 0.7mm and 0.9mm are expected grow at a 4.3% CAGR over the forecast period.
• Demand in the electrical and electronics sector will create an incremental opportunity of US$ 145.1 Mn over the forecast period.
• Applications of rubber tapes in the maintenance and repair segment will account for 39.3% of the total market share in 2022.
• Sales of rubber tapes in the U.S. are expected to offer an incremental opportunity of US$ 75.1 Mn over the forecast period.

Will Growing Preference For Sustainable Materials Spur Demand For Rubber Tapes?

Governments across the globe are issuing regulatory norms for manufacturers to adopt eco-friendly manufacturing processes and to manufacture products that have minimum effects on the environment.

As per the European Commission Eco-design Directive, all member countries are trying to reduce the environmental impact of products and energy consumption. Also, the commission has issues regulations for the adoption of eco-friendly products and sustainable energy consumption across all manufacturing domains.

Increasing awareness regarding the hazardous disposal of plastic waste has resulted in several environmental regulations. In response to this, manufacturers are using biodegradable raw materials to produce tapes.

Furthermore, rubber tapes have no adhesives and leave little to no residue when applied, making it a sustainable alternative in comparison to other tapes made of petroleum products.

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Rubber Tapes Market Landscape

Some of the key players dominating the global rubber tapes market are

• 3M Company,
• HellermannTyton Company,
• Scapa Group plc,
• tesa SE,
• Intertape Polymer Group Inc.,
• Berry Global Inc.,
• Nitto Denko Corporation,
• Atlantex Manufacturing Corp,
• Midsun Specialty Products, Inc.,
• CS Hyde Company,
• MOCAP, LLC,
• Parafix Tapes & Conversions Ltd,
• Cole-Parmer Instrument Company, LLC,
• Senson Tek,
• ERGOM Z.A.E. Sp. z o.o,
• Godson Tapes Private Limited,
• 3A Associates Incorporated and
• Omega Rubber Industries.

Leading players operating in the global rubber tapes market are investing in mergers, acquisitions and collaborations to expand their global presence in the market. For instance:

• In June 2021, Intertape Polymer Group announced an agreement to acquire Nuevopak Global Limited.

Global Rubber Tapes Market By Category

By Product Type :

• Ethylene Polypropylene Rubber (EPR) Rubber Tapes
• Polyisobutylene (PIB) Rubber Tapes
• Butyl Rubber Tapes

By Thickness :

• Up to 0.3 mm
• 0.4 mm to 0.6 mm
• 0.7 mm to 0.9 mm

By Application :

• Repairing & Protecting
• Insulation & Joining
• Waterproofing
• Sealing
• Others

By End-use Industry :

• Automotive
• Building & Construction
• Electrical & Electronics
• Aerospace & Defence
• General Industries
• Others

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

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